Medical Foam Market 2021 Projection, Share, Size, Demand, Opportunities, Growth Opportunities and Restraints, Revenue Analysis Forecast To 2028
The historical development trajectory of the global Medical Foam market is examined in the report, offering solid factual support to the analysis and estimations presented in the report.
Dallas, United States – April 30, 2021 /MarketersMedia/ —
The medical graded foam contains antimicrobial substances that prevents bacterial infection and from spreading diseases. Thus, these foams are greatly used in the healthcare sector as it resists contamination. The main types of polymer foam used in the healthcare sector are polyolefin foam, polystyrene foam, and polyurethane foam. Among all these segments, the polyolefin foam is may record the highest CAGR in the forthcoming years. This segment can see an increased growth rate due to its rising applications in the medical sector. The polyolefin foam is used for packing sensitive devices and instruments. Medical foams have squeezing and relieving capabilities. Thus, the medical foam adapts to the shape of the patient’s body and comforts the patient.
The global medical foam market was valued at USD 24.12 billion in 2020 and is projected to grow at a CAGR of 6.8% during the forecast period.
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Medical foam healthcare applications also include gasketing, sealing, cushioning, wound dressings, and more. They are available in wide varieties. Medical foam tapes are of various colors, densities, and thicknesses. Medical foam is also used for sealing LCD screens of medical devices, cushioning medical devices, sealing control panels, attaching electrodes and devices, padding prosthetics, giving relief to the body, and more. Medical foams are soft, comfortable, and flexible. It is light in weight and breathable, water-resistant, absorbs water and other liquid matter, high durability, stretchable, resistant to fungus, stain-resistant, can be easily sterilized, has good quality, versatility, low outgassing, and more. The rising concerns related to personal hygiene, and benefits offered by it to the medical sector is enabling more adoption of the medical foams.
The prominent companies dominating the Medical Foam Market are Molnlycke Health Care (Sweden), Freudenberg Group (Germany), Rogers Corporation (US), Armacell International S.A. (Germany), FXI Holdings, Inc. (US), UFP Technologies, Inc. (US), INOAC Corporation (Japan), Recticel NV (Belgium), BASF SE (Germany), Trelleborg AB (Sweden), Huntsman Corporation (US), SEKISUI CHEMICAL CO., LTD. (Japan), Dow Chemical Company (US) among others. These companies have adopted organic and inorganic growth strategies which have enhanced their market position in the Medical Foam Market. They have implemented various growth strategies such as mergers and acquisitions, expansion of businesses at domestic as well as foreign markets.
The internationally recognized pioneers in the Medical Foam Market the U.S, Japan, Germany, Turkey, New Zealand, the US, France, India, Japan, and Portugal among others. These players lead Medical Foam Market. The countries such as the U.S., China, E.U., APAC region, Thailand, Malaysia, and India are other competing players augmenting the Medical Foam Market. However, high maintenance costs associated with the medical foams may hinder the market growth of the global Medical Foam Market.
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Key segments of the global medical foam market
Foam Type Overview, 2018-2028 (USD Billion)
Flexible Foam
Rigid Foam
Spray Foam
Material Overview, 2018-2028 (USD Billion)
Polymers
Latex
Metals
Application Overview, 2018-2028 (USD Billion)
Bedding & Cushioning
Medical Packaging
Medical Devices & Components
Prosthetics & Wound Care
Others
Regional Overview, 2018-2028 (USD Billion)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Mexico
Middle East & Africa
GCC
South Africa
Some Major Points from Table of Contents:
Introduction
Research Methodology
Market Outlook
Competitive Landscape
8.1. Company Positioning
8.2. Strategic Initiatives
8.2.1. Mergers & Acquisitions
8.2.2. New Product Launch
8.2.3. Investments
8.2.4. Expansion
8.2.5. Others
Company Profiles
9.1. 3M
9.1.1. Overview
9.1.2. Products and Services Portfolio
9.1.3. Recent Initiatives
9.1.4. Company Financials
9.2. Zotefoams plc
9.3. General Plastics Manufacturing Company, Inc.
9.4. Sekisui Chemical Co., Ltd.
9.5. Foamtec Medical
9.6. UFP Technologies, Inc.
9.7. The Dow Chemical Company,
9.8. Huntsman Corporation
9.9. Rogers Corporation
9.10. Trelleborg AB
Appendix
10.1. Primary Research Approach
10.1.1. Primary Interview Participants
10.1.2. Primary Interview Summary
10.2. Questionnaire
10.3. Related Reports
10.3.1. Published
10.3.2. Upcoming
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