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Medical Foam Market 2019 : Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2024

04-09-2019 12:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Medical Foam Market 2019 : Report Highlights The Competitive

The global medical foam market has been segmented on the basis of form, material type, application and region. On the basis of form, the market has been segmented into flexible foam, rigid foam and spray foam. Spray foam reported the fastest growth in the global medical foam market in 2015. Spray foam has been used increasingly in the wound care market in instant bandages over the past years. Coatings is another application where spray foams have been used.

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One of the major advantages of using spray foam over other types of foam is its ability to be used immediately and no requirement for any further molding in case of rigid and flexible foams, which helps in saving cost. Additionally, spray foams could be used where bandages and wound care products could not be used directly.

The Asia-Pacific medical foam market is expected to witness the fastest growth, in the near future, owing to the increasing demand and increasing investments in the healthcare sector from countries such as China, Japan, India and Indonesia. The medical foam market in the region is in emerging stage; however, the market offers massive growth potential in China, Japan, India and South Korea.

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The global medical foam market has been witnessing strong growth, owing to the growing demand for medical foam, worldwide. The key factors likely to increase the demand for medical foam are rising healthcare expenditure by different countries across the globe and their contribution to the overall GDP, shift toward technologically-advanced products, and increasing aging population. Additionally, growing shift toward advanced wound care products, and government funding and grants for the development of advanced level of medical foam products are supporting the growth of the medical foam market across the globe.

The key companies operating in the global medical foam market are BASF SE, The Dow Chemical Company, Bayer AG, and Sekisui Chemical Co, Ltd., Huntsman Corporation, Trelleborg Ab, Inoac Corporation Armacell International, SA and UFP Technologies Inc. among others.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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