Introduction of the Medical Foam Market Report

Medical foam products are used in the healthcare industry for several applications such as gasketing and sealing in medical devices, patient cushioning and fluid management in long-term wear wound dressings. With the growing healthcare industry and increasing number of medical devices, the medical foams’ demand is expected to increase in the coming years

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Market Dynamic

Key Drivers and Emerging Trends

Rising global healthcare expenditure is the major factor which is expected to drive the medical foam market. National health expenditures of U.S. is expected to grow at rate of 5.4% from the period of 2019-2028, which has enrolled to the growth of the medical foam market. Expansion of the medical device sector coupled with rising awareness among the consumers focus periodic health and periodic cleanliness is anticipated to surge the demand for the medical foam over the period. For instance, according to WHO, more than 2 million devices in the market are further categorized into 7000 generic devices group. More than 34% of the 154 countries have a health technology policy that has substantially driven the growth of the market. In addition, the players’ strategic initiatives in the market like expansion, acquisition, have driven the growth of the market. SEKISUI CHEMICAL CO., LTD. in 2018 started operations at its new foam plants in China and Thailand, which has substantially contributed to the growth of the market.

Restraint in the Medical Foam Market

However, advancements in the medical industry may soon come with an better and cost-effective alternative which may hamper the growth of the market.

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Foam Type – Segment Analysis

Based on the foam type, flexible foam is expected to grow at a higher CAGR in the market over the forecast period. Flexible foam is used in cushioning and bedding, medical packaging, and wound dressing, which has substantially contributed to the growth of the market.

Application – Segment Analysis

Based on the application, bedding and cushioning segment is expected to dominate the market over the forecast period. This is due to the rising demand for bed accessories, seat cushioning and hospital beds such as pillow support, shoulder support, neck etc. which is expected to drive the overall market. In addition, pandemic has led to the increased demand for the product.

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Regional – Segment Analysis:

Based on the region, North America is expected to dominate the medical foam market. This is due to the rising demand for medical devices coupled with the increased healthcare infrastructure in U.S. which has boosted the demand for the market. U.S. spends more on healthcare than any other country, as stated by “The Commonwealth Fund”, which has driven the growth of the medical foam market.

Top Market Players

Various notable players operating in the market, include, BASF SE, Dow, SEKISUI CHEMICAL CO., LTD., Huntsman International LLC., Trelleborg AB, INOAC CORPORATION, Recticel, Foamcraft, Inc., FXI, Future Foam, among others. 

Key Developments:

• • In 2020, Future Foam acquired a new foam poring facility in Kent Wash, which has helped the company in improving the quality of the service.

Segments covered in the Report:

The global medical foam market has been segmented based on foam type, application, and regions. Based on foam type, the market is segmented into flexible and spray. Based on application, the market is segmented into bedding & cushioning, medical devices & components. 

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Key questions answered in this research report:

• • At what pace is global medical foam market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in medical foam market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global medical foam market?
  • Which foam type generated maximum revenues in 2019 and identify the most promising foam type during the forecast period?
  • What are the various application areas of global medical foam market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Foam Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Dow, SEKISUI CHEMICAL CO., LTD., Huntsman International LLC., Trelleborg AB, INOAC CORPORATION, Recticel, Foamcraft, Inc., FXI, Future Foam, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Medical Foam Market by Foam Type

• • Flexible
  • Spray

Global Medical Foam Market by Application

• • Bedding and Cushioning
  • Medical Devices and Components

Global Medical Foam Market by Region

• • North America Medical Foam Market (Option 1: As a part of the free 25% customization)
    • North America Medical Foam Market by Foam Type
    • North America Medical Foam Market by Application
    • US Medical Foam Market All-Up
    • Canada Medical Foam Market All-Up
  • Europe Medical Foam Market (Option 2: As a part of the free 25% customization)
    • Europe Medical Foam Market by Foam Type
    • Europe Medical Foam Market by Application
    • UK Medical Foam Market All-Up
    • Germany Medical Foam Market All-Up
    • France Medical Foam Market All-Up
    • Spain Medical Foam Market All-Up
    • Rest of Europe Medical Foam Market All-Up
  • Asia-Pacific Medical Foam Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Medical Foam Market by Foam Type
    • Asia-Pacific Medical Foam Market by Application
    • China Medical Foam Market All-Up
    • India Medical Foam Market All-Up
    • Japan Medical Foam Market All-Up
    • Rest of APAC Medical Foam Market All-Up
  • RoW Medical Foam Market (Option 4: As a part of the free 25% customization)
    • RoW Medical Foam Market by Foam Type
    • RoW Medical Foam Market by Application
    • Brazil Medical Foam Market All-Up
    • South Africa Medical Foam Market All-Up
    • Saudi Arabia Medical Foam Market All-Up
    • UAE Medical Foam Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Medical Foam Market All-Up

Major Players Operating in the Medical Foam (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Dow
  • SEKISUI CHEMICAL CO., LTD.
  • Huntsman International LLC.
  • Trelleborg AB
  • INOAC CORPORATION
  • Recticel
  • Foamcraft, Inc.
  • FXI
  • Future Foam