According to TechSci Research report, “Global Medical Foam Market By Form (Flexible, Rigid, Spray), By Material (Polymers, Latex, Metals), By Application (Bedding & Cushioning, Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care, Others), By Region, Forecast & Opportunities, 2025”, global medical foam market is expected to witness a significant CAGR during the forecast period. Rapid growth of the implantable device sector is one of the major factors accounting for the growth of global medical foam market. These medical foams are usually used to clean rooms for anti-bacterial applications so that the risk of disease, germs, spreading throughout hospitals can be reduced, which can be accredited to foam’s resistance to contamination, thereby expected to bode well for the growth of global medical foam market during the forecast years.
In addition to this, continuous ongoing technological advancements in healthcare industry is resulting in shift towards foam based wound care systems from traditional wound care systems across the globe is positively influencing the growth of global medical foam market. Also, low cost of these medical foam products is expected to make headway for the growth of global medical foam market over the coming years. Along with this, supportive government funding is positively contributing to the market growth across the globe.
Moreover, increasing industrialization is resulting in increase of medical foam manufacturing industries, which is anticipated to spur the market growth over the coming years.
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Global medical foam market can be segmented based on foam, material, application, company, and region. Considering the material, the market is fragmented into polymers, latex, and metals. The polymers segment dominated the global medical foam market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of its abundant availability, low cost, and ease of manufacturing. Additionally, foamed polymers offer certain benefits such as low weight, sound absorption, heat preservation, excellent cushioning, and biocompatibility, which is estimated to boost the growth of segment over the coming years. In terms of application, the market is fragmented into bedding & cushioning, medical packaging, medical devices & components, prosthetics & wound care and others. Out of which, the medical packaging application segment dominated the market until 2019 and is further is projected to grow at a high pace during the forecast period as the packaging of medical devices, tools, and equipment is important in order to maintain the integrity and hygiene of the product.
The Dow Chemical Company, SEKISUI CHEMICAL CO., LTD., Huntsman Corporation, Trelleborg AB, BASF SE, Recticel NV, INOAC Corporation, UFP Technologies, Inc., FXI Holdings, Inc., Armacell International S.A., Rogers Corporation, Freudenberg Group, Molnlycke Health Care, VPC Group Inc., FoamPartner Group, are among others are the leading players operating in global medical foam market. The leading players are adopting several growth strategies to enhance the market scenario of medical foam. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Asia-Pacific is forecast to dominate the global medical foam market during the next five years on account of increasing healthcare spending in the region. Furthermore, improving economic status is also contributing to the growing trend. Moreover, increased use of these products in large number of healthcare institutes, is anticipated to bolster the market growth through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Medical Foam Market By Form (Flexible, Rigid, Spray), By Material (Polymers, Latex, Metals), By Application (Bedding & Cushioning, Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global medical foam market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global medical foam market.
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