Press release
Medical Foam Market Size is anticipated to reach $38.1 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027
According to a new report published by Report Ocean, titled, "Medical Foam Market by Type, Material, and Application: Opportunity Analysis and Industry Forecast, 2020-2027,"" the global medical foam market was valued at $23.6 billion in 2019, and is projected to reach $38.1 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.DOWNLOAD SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1416
Medical foams are used in the medical sector and laboratory research centers mainly for wound care, patient comfort, protective packaging, and others. Medical foams include characteristics such as softness, flexibility, water resistance, durability, fungal resistance, and others, making it suitable for other applications such as sealing of medical LCD screens, medical device cushioning, prosthetic padding, and others that include internal fixation devices, mounting cards, and spinal implants.
The global medical foam market is driven by increase in utilization in protective packaging of valuable medical devices and allograft implants. Medical foam also plays a vital role during patient recovery after major surgeries; thus, major key-players are focusing on product development and manufacturing cost-effective medical foam in order to meet the rising demand in the medical sector. Moreover, medical wearables need protective enclosure system in order to work efficiently, offer protection from damage, to enhance comfort level to patients, and appear aesthetically pleasing. Hence, medical foams are used as an alternative to silicones in medical wearables and manufacturers are concentrating more on factors such as size of medical devices, length, and disposability during manufacturing of medical foams. The demand for medical foam is expected to grow in the near future, owing to its use in wound care as patient recovery process plays an important role after surgery and helps to speed up recovery process. Hence, the global medical foam market size is expected to witness steady growth during the forecast period.
In addition, medical foams are widely used in MRI vests owing to its properties such as MRI and X-ray lucent. Macro-economic factors, such as rising concern about standard medical solution and rise in number of hospitals are expected to boost the demand for medical foam during the forecast period.
The global medical foam market is segmented by type, material, application, and region. Based on type, the global medical foam market is categorized into rigid, flexible, and molded. Rigid medical foams include mainly polyurethane foams, reticulated polyurethane foam, closed cell polyurethane foam, and Metallocene. Flexible medical foam includes polyethylene foam, polystyrene foam, polypropylene foam, and cross linked polyethylene foam. The flexible type medical foam accounted for the largest market share in 2019. Based on material, the global medical foam market is segmented into polymer, metal, and other. In 2019, the polymer type medical foam accounted for the largest market share as well as the highest growth during the forecast period. Based on application, the global medical foam market is divided into packaging, bedding & cushioning, device & components, and others. In 2019, bedding and cushioning application accounted for largest market share while device & component application will register highest growth. Based on region, the global medical foam market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market share in 2019 and accounted for 48.3% of medical foam market share. The global medical foam market profiles the leading players in the medical foam market; they include UFP Technologies, Technical Foam Services Limited, Freudenberg Performance Materials s.a.s, Apollo Foam Limited, General Plastics Manufacturing Company, Draka Interfoam B.V., Advanced Medical Solutions Group plc., Transcontinental Advanced Coating, Foamtec Medical, and Global Medical Foam.
The Asia-Pacific medical foam market size is projected to grow at the highest CAGR of nearly 6.6%during the forecast period.
Key findings of the study
The Asia-Pacific medical foam market is projected to grow at the highest CAGR of nearly 6.6%, in terms of revenue, during the forecast period.
By type, the flexible segment is anticipated to witness the highest growth rate of 6.7%, in terms of revenue, during the forecast period.
By material, the polymer segment is anticipated to witness the highest growth rate of 6.4%, in terms of revenue, during the forecast period.
By application, the device and component segment is anticipated to witness the high growth rate of 7.8%, in terms of revenue, during the forecast period.
Impact Of Covid-19 On The Global Medical Foam Market
The COVID-19 pandemic has positively negatively affected the global economy and subsequent shrinking of the GDP in global economies, thereby changing consumer spending patterns globally.
Rise in number of patients admitting to hospitals have surged due to rising number of COVID-19 infections. Thus, there is rise in the demand of medical foam.
Medical foam is widely used in patient recovery bed. Rise in number of COVID-19 infected people has surged the demand of the global market despite of the outbreak.
Severely infected people from COVID-19 require breathing systems in order to cope up with the infections. This also the major factor that has enhanced the utilization of medical foam to comfortable support breathing equipment and anesthesia equipment.
Primary Protective Equipment (PPE) plays vital role that helps health professionals from, getting infected by COIVID-19. Medical foam is used in the manufacturing of PPE kits, which has surged the demand of global market during this situation.
GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1416
Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Foam Market Size is anticipated to reach $38.1 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027 here
News-ID: 2239687 • Views: …
More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…

Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…

Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…

Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…