Global Medical Foam Market size was valued at US$ 27.5 Bn in 2019 and the total revenue is expected to grow at 6.1 % through 2020 to 2026, reaching nearly US$ 37.3 Bn.
The global Inorganic Corrosion market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Inorganic Corrosion report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Medical Foam Market Overview:
Medical grade foams are mainly used in the healthcare industry for various applications such as hydrophilic dressing, medical supports, medical braces, and others.
Global Medical Foam Market Dynamics:
Rising Demand from Construction Industry
The global medical foam market is driven by an increase in utilization in the protective packaging of valuable medical devices and allograft implants. The medical foam also plays a vital role during patient recovery after major surgeries; thereby, major key players are focusing on product development and manufacturing cost-effective medical foam to meet the rising demand in the medical sector.
The usage of medical foams for the packaging of various medical devices and pharmaceutical products appears to be another essential factor servicing the growth of the medical foams market. Additionally, the increasing demand for implantable medical devices on record of technological advancements and growing awareness is also likely to drive the market growth at a notable rate during the forecast period. These aforementioned factors are act as major drivers of the global medical foam market.
Volatile raw material prices
Volatile raw materials prices are the major factor expected to restrain the medical foam market growth during the forecast period. Government stringent regulations across the globe on the use of medical foam, which in turn hinder the market growth.
Rising demand for medical products
Increasing awareness related to the benefits of medical foam is also expected to offer lucrative opportunities for the market. The growing population across the globe is driving high-quality medical products, which in turn creates the demand for medical foam.
Global Medical Foam Market Segment Analysis:
By Form, the technical foam market is bifurcated into flexible, rigid, and spray. The flexible foam segment accounts for the largest market share in 2019 and is expected to grow during the forecast period thanks to the high consumption of bedding & cushioning applications, among others. The consumption of flexible foam is higher in various applications thanks to its properties like softness, moisture resistance, high impact & mechanical properties. These all factors help to grow the market during the forecast period.
By Material, the market is bifurcated into polymers, latex, and metals. The polymer segment held the largest market share in 2019 and is expected to grow at a rapid pace during the forecast period thanks to various properties of polymer including low weight, heat preservation, sound absorption, biocompatibility, and excellent cushioning.
The major types of polymer foam used in medical applications include polyurethane foam, polystyrene foam, polyolefin foam, and others. The polymers segment of the market is expected to dominate the medical foam industry.
Global Medical Foam Market
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By Application, the market is bifurcated into bedding & cushioning, medical packaging, medical devices & components, and prosthetics & wound care.
Global Medical Foam Market 1
In July 2017, Conzzeta has signed a binding agreement for the full acquisition of Otto Bock Kunststoff.
Merit Medical launches Torpedo gelatin foam for the embolization of hypervascular tumors. The torpedo provides clinicians with pre-filled, cartridge-filled gelatin foam with an optional blunt stylet, eliminating the need to manually shape the foam and providing quick and easy attachment to the catheter for delivery.
Global Medical Foam Market Regional Insights:
North America is dominating the Medical Foam Market
North America is dominating the market and accounted for around 32% share of the medical foam market in 2019. Rising per capita health expenditure in the U.S. is propelling the demand for medical devices is expected to grow during the forecast period. This in turn to drive the medical foam market demand in the region.
The Asia Pacific is expected to dominate the Medical Foam Market
The Asia Pacific held the largest share of the global medical foam market in 2019, followed by Europe and North America. Emerging economies including, China is one of the major consumers of medical foam in the Asia Pacific region. The market here is witnessing growth thanks to demographic changes, increasing healthcare spending, industrial development, and improving economic conditions.
Global Medical Foam Market 2
The objective of the report is to present a comprehensive analysis of the global Inorganic Corrosion market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Inorganic Corrosion market dynamics, structure by analyzing the market segments and project the global Inorganic Corrosion market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Inorganic Corrosion market make the report investor’s guide.
Global Medical Foam Market Scope: Inquire before buying
Global Medical Foam Market 3
Global Medical Foam Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Medical Foam Market Key Players
• The Dow Chemical
• Fxi-Foamex Innovations
• Future Foam
• UFP Technologies
• The Woodbridge
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