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Medical Foam Market to Reach 40.31 Billion by 2027 | Market Analysis, Trends, Competitive Landscape and Opportunities
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How big is medical foam market?
The global medical foam market reached a value of US$ 26.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 40.31 Billion by 2027, exhibiting a growth rate (CAGR) of 6.70% during 2022-2027.
Industry Definition and Application:
Medical foam is an antimicrobial product utilized in several medical devices, components, and support materials, such as wound dressing, pharmaceutical-grade gaskets, sealing, patient cushioning, surgical drapes, and fluid management. It is produced by utilizing polymers, metals, polystyrene foam, and cell polyurethane. Presently, it is available in flexible, rigid, and molded product types. It is also vastly employed in custom orthotics, prosthetic padding, and sealing ostomy equipment due to its flexibility, strength, and durability. In recent years, medical foam has gained traction as it provides compression relieving capacities that adapt to the patient's body condition and assist in providing comfort and relaxation.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major drivers of the medical foam market?
The market is primarily driven by the rising geriatric population prone to developing various chronic diseases. In addition, the patient recovery process plays a vital role post-surgery, and medical foam speeds up the recovery process as they are also widely utilized in bedding and cushioning products to enhance comfort, which represents another major growth-inducing factor.
Additionally, the rising demand for medical foam in several applications, such as surgical drapes, wound dressings, and medical system cushioning, owning to its versatility, impact-absorbing, and excellent compression-set resistance, is accelerating the market growth. Other factors, including rising cases of epidemic outbreaks, such as coronavirus disease (COVID-19) and swine flu, significant expansion in the healthcare sector, and the shifting preference from conventional to advanced wound care products, are creating a positive market outlook.
Key Market Segmentation:
The report has segmented the market on the basis of region, type, material and application.
Breakup by Type:
• Rigid
• Flexible
• Molded
Breakup by Material:
• Polymers
• Metals
• Other
Breakup by Application:
• Bedding and Cushioning
• Medical Packaging
• Medical Devices and Components
• Prosthetics and Wound Care
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• Advanced Medical Solutions Group Plc
• BASF SE
• Draka Interfoam B.V.
• Foamtec Medical
• Freudenberg Performance Materials
• FXI
• General Plastics Manufacturing Company Inc.
• Global Medical Foam Inc.
• Inoac Corporation
• Recticel NV
• Rogers Corporation
• SEKISUI CHEMICAL CO. LTD.
• Ufp Technologies Inc.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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