Medical Foam Market worth $43.3 billion by 2028

(EMAILWIRE.COM, November 06, 2024 ) The report “Medical Foam Market by Form (Flexible, Rigid, Spray), Material (Polymers, Latex, Metals), Application (Bedding & Cushioning, Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care), and Region – Global Forecast to 2028 ” The global Medical Foam Market size is projected to grow from USD 33.0 billion in 2023 and reach USD 43.3 billion by 2028, at a CAGR of 5.6% from 2023 to 2028.

Browse in-depth TOC on “Medical Foam Market”

377 – Market Data Tables

51 – Figures

307 – Pages

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Flexible foam stands out as the most extensively utilized due to its softness, flexibility, and durability. The rise in demand for this foam type is linked to its more economical nature compared to rigid and spray foam options. Moreover, its considerable use in bedding and cushioning, packaging medical devices, and wound care dressing has significantly propelled market expansion. The prevalence of flexible foam in these applications is due to its attributes, including softness, moisture resistance, and superior impact and mechanical properties.

In terms of material, the polymer segment is anticipated to hold the leading position in the medical foam industry. This segment’s growth is credited to its widespread availability, ease of production, and cost-effectiveness. Polymer foams exhibit characteristics such as lightweight structure, heat retention, sound absorption, biocompatibility, and exceptional cushioning. Key polymer foam varieties utilized in medical contexts encompass polyurethane foam, polystyrene foam, polyolefin foam, among others.

In the forecast period, the most significant surge in the global medical foam market is projected to occur within medical packaging segment. Safeguarding the integrity and hygiene of medical products is paramount, making the packaging of medical devices, tools, and equipment very crucial. This encompasses the packaging of implants, medical tools, equipment, and in-vitro diagnostic devices (IVDs). The selection of packaging material varies according to the application and relies on the product’s intended function. For instance, plastics or metals find use in implant packaging.

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In 2022, the Asia Pacific region held the dominant share in the global medical foam industry. Forecasts suggest that this region will experience the highest Compound Annual Growth Rate (CAGR) between 2023 and 2028. The Asia Pacific market for medical foam is emerging as a lucrative sector due to demographic shifts, rising healthcare expenditure, industrial advancements, and improving economic circumstances. With approximately 60% of the world’s population residing in this region, there is extensive utilization of medical packaging, prosthetics, and medical devices.

Medical Foam Market Key Players

The key market players identified in the report are Dow Chemical Company (US), Sekisui Chemical Co., Ltd. (Japan), Huntsman Corporation (US), Trelleborg AB (Sweden), BASF SE (Germany), Recticel NV (Belgium), INOAC Corporation (Japan), UFP Technologies, Inc. (US), FXI Holdings, Inc. (US), Armacell International SA (Germany), Rogers Corporation (US), Freudenberg Group (Germany), and Molnlycke Health Care (Sweden).

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