Worldwide Demand For Medical Foam Is Projected To Flourish At A CAGR Of 4% By 2032 | Fact.MR Forecasts

Medical Foam Market Analysis by Product (Flexible, Rigid, Spray Medical Foam), by Material (Polyurethane, Polystyrene, Polyolefin, Polyvinyl Chloride Medical Foam), by Application & Region - Global Forecast 2022-2032

The global medical foam market can secure a market value of US$ 38 Bn by the end of the forecast period, 2022-2032. The market is projected to flourish at a CAGR of 4% by 2032.

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The key factors driving the market expansion are the increasing expenditure in the healthcare sector, the growing geriatric population, and the preference for advanced wound care products. Demand for polyurethane foam is estimated to increase at a CAGR of 8%, reaching US$ 10 Bn by the end of 2032, accounting for 50% of the global market share.

Prominent Key players of the Medical Foam market survey report:

• 3 M
• General Plastics Manufacturing Company
• Zotefoams plc
• Sekisui Chemical Co
• UFP Technologies
• Foamtec Medical
• Technical Foam Services Limited
• Freudenberg Performance Materials s.a.s
• Apollo Foam Limited
• Draka Interfoam B.V
• Foamtec Medical

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Key Market Segments Covered in Medical Foam Industry Analysis

• By Product
o Flexible Medical Foam
o Rigid Medical Foam
o Spray Medical Foam

• By Material
o Polyurethane Medical Foam
o Polystyrene Medical Foam
o Polyolefin Medical Foam
o Polyvinyl Chloride Medical Foam

• By Application
o Medical Foam Used in Bedding & Cushioning
o Medical Foam Used in Medical Packaging
o Medical Foam Used in Medical Devices & Components
o Medical Foam Used in Prosthetics & Wound Care

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Key Takeaways from the Market Study

• By product, flexible medical foam is likely to register a CAGR of 7% through 2032

• Bedding and cushioning to make extensive use of medical foam, capturing 36% revenue

• Polyurethane medical foam to capture half of the global revenue, expanding at an 8% CAGR

• North America to account for over 3/10th revenue, reaching US$ 5 Bn in 2022

• APAC to experience a 7% CAGR in the global medical foam market through 2032

• Global market for medical foam is likely to be valued at US$ 27 Bn by 2022-end

"Increasing demand for inducing comfort while imparting treatment to patients to reduce discomfort or trauma is anticipated to bode well for the market for medical foam in the upcoming years"- says an analyst at Fact.MR.

Competitive Landscape

Key players of the global medical foam adopt various strategies such as acquisition, partnerships, and collaborations to expand their reach in the global market. Some of the recent developments among the key players are:

• In January 2022, UFP Technologies disclosed the acquisition of medical device contract manufacturer DAS Medical. The amount was not announced.

• In January 2022, 3M announced its commitment to carbon neutrality by 2050.

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Medical Foam market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Medical Foam market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Medical Foam market and assists to create strategies to overcome the obstacles that may hinder the growth of the Medical Foam market.

• Leverage: The Medical Foam market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Medical Foam market.

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