Dublin, April 02, 2020 (GLOBE NEWSWIRE) -- The "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 2025" report has been added to ResearchAndMarkets.com's offering.
The global medical foam market size is estimated to be USD 27.7 billion in 2020 and is projected to reach USD 37.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025.
The bedding & cushioning segment accounted for the largest share of the medical foam industry in 2019. Medical foam offers design flexibility, strength, and durability and hence is used in the construction of bedding & cushioning products such as mattresses, orthopaedic supports, pads, and others. Medical foams have compression relieving capabilities, which adapts to the patient's body shape, thus providing comfort to patients. The growth of this segment can be attributed to the increase in the ageing population and the rising construction of hospitals and medical centres across the globe.
Flexible foam is expected to be the largest segment of the medical foam market during the forecast period.
The flexible foam segment is expected to be the largest in terms of volume, owing to properties such as softness, moisture resistance, high impact & mechanical properties. Flexible foams regain their original shape even after being deformed. This property makes them suitable for use in bedding & cushioning products for patients to provide them with maximum comfort and support. Moreover, due to the ability to absorb shock, flexible foams are used in the packaging of medical devices and prosthetics.
Polymer segment is expected to lead the medical foam market during the forecast period.
Based on material, the polymer segment is estimated to account for the largest share of the medical foam market in 2020 in terms of volume. The major types of polymer foam used in medical applications include polyurethane foam, polystyrene foam, polyolefin foam, and others. The growth of the polymer segment is due to the abundant availability, ease of manufacturing, and low cost compared to other materials. Foamed polymers possess properties such as low weight, heat preservation, sound absorption, biocompatibility, and excellent cushioning.
Asia Pacific is projected to grow at the highest CAGR of the medical foam market during the forecast period.
The Asia Pacific medical foam industry has been studied for China, Japan, India, Indonesia, and the Rest of Asia Pacific. The Asia Pacific region is a lucrative market for medical foam, owing to demographic changes, increasing healthcare facilities, and expenditure. Major market players such as SEKISUI CHEMICAL CO., LTD., and INOAC Corporation have a presence in the Asia Pacific in terms of manufacturing facilities, distribution systems, and sales offices, which generates an adequate supply of medical foam in this region. The players mentioned above are acquiring small-scale companies and medical foam fabricators in the region, which drives growth in the market. Moreover, medical foam manufacturers in North America and Europe are expanding their business in the Asia Pacific region, and there is a significant knowledge transfer taking place between developed and emerging countries through active engagements in different forums.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities In The Medical Foam Market
4.2 Medical Foam Market, By Material
4.3 Medical Foam Market, By Form
4.4 Medical Foam Market By Technology
4.5 Medical Foam Market By Application And By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase In Aging Population
5.2.1.2 Rise In Global Healthcare Expenditure
5.2.1.3 Growth Of Implantable Devices Sector
5.2.1.4 Shift From Traditional To Advanced Wound Care Products
5.2.2 Restraints
5.2.2.1 Fluctuations In Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Rise In Demand For Sustainable Packaging Solutions In Healthcare
5.2.3.2 Emergence Of New Foam Materials
5.2.4 Challenges
5.2.4.1 Stringent Rules & Regulations
5.3 Porter'S Five Forces Analysis
5.3.1 Threat Of New Entrants
5.3.2 Threat Of Substitutes
5.3.3 Bargaining Power Of Suppliers
5.3.4 Bargaining Power Of Buyers
5.3.5 Intensity Of Competitive Rivalry
5.4 Structure Of Medical Foam
5.4.1 Introduction
5.4.2 Open Cell Foam
5.4.3 Closed Cell Foam
6 Medical Foam Market, By Form
6.1 Introduction
6.2 Flexible Foam
6.2.1 Properties Such As Softness, Moisture Resistance, High Impact & Mechanical Strength Are Expected To Drive The Flexible Foam Market
6.3 Rigid Foam
6.3.1 Increasing Sales Of Medical Devices Projected To Fuel The Market For Rigid Foam
6.4 Spray Foam
6.4.1 Technological Advancements In Wound Care Technology Expected To Drive The Market For Spray Foams
7 Medical Foam Market, By Material
7.1 Introduction
7.2 Polymers
7.2.1 Abundant Availability, Ease Of Manufacturing, And Low Cost Expected To Drive The Market For Polymers
7.2.2 Polyurethane
7.2.3 Polystyrene
7.2.4 Polyolefins
7.2.5 Others
7.3 Latex
7.3.1 High Durability And Comfort Offered By Latex Mattresses Expected To Fuel The Market
7.3.2 Synthetic Latex
7.3.3 Blended Latex
7.3.4 Natural Latex
7.4 Metals
7.4.1 Mechanical Properties And Biocompatibility Of Metal Foam Are Projected To Trigger Market Growth
7.4.2 Titanium
7.4.3 Copper
7.4.4 Other Metals
8 Medical Foam Market, By Application
8.1 Introduction
8.2 Bedding & Cushioning
8.2.1 Increase In The Aging Population & Need For Patient Comfort Are Expected To Drive The Bedding & Cushioning Segment
8.3 Medical Packaging
8.3.1 Rising Demand For Protective Packaging For Medical Devices And Instruments Is Projected To Fuel The Market
8.4 Medical Devices & Components
8.4.1 Rise In Medical Expenditure By Developing Nations Is Expected To Trigger The Medical Devices & Components Segment
8.5 Prosthetics & Wound Care
8.5.1 Increasing Advancements In Wound Care Technology Expected To Drive The Prosthetics & Wound Care Segment
8.6 Others
8.6.1 Increasing Use Of Medical Foam In Filters, Swabs, And Other Applications Propel The Market
9 Medical Foam Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.3 Europe
9.4 North America
9.5 Middle East & Africa
9.6 South America
10 Competitive Landscape
10.1 Introduction
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Companies
10.2 Strength Of Product Portfolio
10.3 Business Strategy Excellence
10.4 Share Of Key Players In The Medical Foam Market, 2018
11 Company Profiles
11.1 The Dow Chemical Company
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 Swot Analysis
11.1.5 Winning Imperatives
11.1.6 Threat From Competition
11.1.7 The Dow Chemical Company Right To Win
11.2 Sekisui Chemical Co., Ltd.
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments
11.2.4 Swot Analysis
11.2.5 Winning Imperatives
11.2.6 Current Focus And Strategies
11.2.7 Threat From Competition
11.2.8 Sekisui Chemical Co., Ltd. Right To Win
11.3 Huntsman Corporation
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Recent Developments
11.3.4 Swot Analysis
11.3.5 Winning Imperatives
11.3.6 Threat From Competition
11.3.7 Huntsman Corporation Right To Win
11.4 Trelleborg Ab
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 Swot Analysis
11.4.5 Winning Imperatives
11.4.6 Threat From Competition
11.4.7 Trelleborg Ab Right To Win
11.5 Basf Se
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.5.4 Swot Analysis
11.5.5 Winning Imperatives
11.5.6 Threat From Competition
11.5.7 Basf Se Right To Win
11.6 Recticel Nv
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 Recent Developments
11.6.4 Swot Analysis
11.6.5 Winning Imperatives
11.6.6 Threat From Competition
11.6.7 Recticel Nv Right To Win
11.7 Inoac Corporation
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Publisher View
11.8 Ufp Technologies, Inc.
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.8.4 Swot Analysis
11.8.5 Publisher View
11.9 Fxi Holdings, Inc.
11.9.1 Business Overview
11.9.2 Product Offered
11.9.3 Recent Developments
11.9.4 Publisher View
11.10 Armacell International S.A.
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments
11.10.4 Swot Analysis
11.10.5 Publisher View
11.11 Rogers Corporation
11.11.1 Business Overview
11.11.2 Recent Developments
11.11.3 Products Offered
11.11.4 Swot Analysis
11.11.5 Publisher View
11.12 Freudenberg Group
11.12.1 Business Overview
11.12.2 Products Offered
11.12.3 Recent Developments
11.12.4 Swot Analysis
11.12.5 Publisher View
11.13 Molnlycke Health Care
11.13.1 Business Overview
11.13.2 Products Offered
11.14 Vpc Group Inc.
11.14.1 Business Overview
11.14.2 Products Offered
11.14.3 Publisher View
11.15 Foampartner Group
11.15.1 Business Overview
11.15.2 Products Offered
11.15.3 Publisher View
11.16 The Woodbridge Group
11.16.1 Business Overview
11.16.2 Products Offered
11.17 General Plastics Manufacturing Company
11.17.1 Business Overview
11.17.2 Products Offered
11.18 Other Players
11.18.1 Future Foam, Inc.
11.18.2 Vim Technology Ltd
11.18.3 Foam Techniques Ltd
11.18.4 Wisconsin Foam Products
11.18.5 Rynel, Inc.
11.18.6 Shanghai Zhongwei New Materials Co., Ltd
11.18.7 Janco Inc.
11.18.8 Custom Foam Systems Ltd
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