A comprehensive overview of the global medical foam market is recently added by UnivDatos, to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the medical foam markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global medical foam market at regional and country levels. The global medical foam market is likely to showcase a growth of around 6% during the forecast period.

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Market Overview

Medical foams are particularly classified as biocompatible, non-toxic, low particle, and sterilized products that are formulated for various applications in the healthcare sector. The use of medical foams is increasing in the medical sector for several applications such as gaskets and sealing in medical devices, patient cushioning, and fluid management in long-term wear wound dressings. Further, the medical graded foam has special antimicrobial properties to decrease the risks of the spread of bacteria, germs, and diseases in hospitals or other medical-related settings. Also, the development in the pharmaceutical industry across the globe is strengthening the global medical foam market due to the increasing demand for medical foam for packaging applications.

Additionally, the increasing production of special medical packaging materials, a rise in the aging population, government funding, and many companies’ initiatives for the development of advanced medical foam products is likely to fuel the demand for medical foams. For instance, in September 2021 – Backrobo Wellness (BackRobo), a manufacturer of smart health products in China, introduced BASF’s CosyPUR, a high-performance polyurethane foam - in the mattress topper of its suite of smart bedding solutions. The open-celled structure of the foam, which enables air to pass through the material and in the process dissipates body heat, results in a more breathable and comfortable experience than higher density visco elastic foams.

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The global medical foam market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By material, the market is primarily divided into:

·        Polymers

·        Metals

·        Others

Among these, polymers accounted for a substantial share of the medical foam market. As polymers provide excellent cushioning and integrity of contents for the packaging. The main types of polymer foams used for medical purposes are polyethylene foam, polyurethane foam, polyolefin foam, polystyrene foam, and others. Polymer foams have wide application areas due to resistance to impact, damping properties, high thermal insulation, and lightweight.

By application, the market is primarily divided into:

·        Bedding & Cushioning

·        Packaging

·        Devices & Components

·        Prosthetics & Wound Care

·        Others

Among these, bedding and cushioning have a considerable share in the medical foam market. As there is a rising incidence of non-communicable diseases due to inactive lifestyles and the increasing population is expected to boost demand for bedding & cushioning, which in turn, is likely to increase the usage of medical foam. Additionally, increasing government spending on healthcare facilities to enhance patient comfort and safety is raising the need to produce high-quality bedding and cushioning. Further, rising demand for bedding and cushioning in hospitals globally due to the ongoing COVID-19 crisis is also supporting market growth.

Global Medical Foam Market Geographical Segmentation Includes:

·        North America (United States, Canada, Rest of North America)

·        Europe (Germany, UK, France, Italy, Spain, Rest of Europe)

·        Asia-Pacific (China, Japan, India, Australia, Rest of APAC)

·        Rest of the World

Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to a growing base of the healthcare sector due to improving consumer spending power, rapid urbanization, and growing demand for better healthcare facilities. Moreover, with the rising population, the need for hospitals and healthcare facilities is also increasing. These aforementioned factors are fueling the demand for medical foam in the region.

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· Sekisui Chemical Co., Ltd.

· Huntsman Corporation

· BASF SE

· INOAC Corporation

· UFP Technologies, Inc.

· Armacell International S.A.

· General Plastics Manufacturing Company

· Freudenberg Performance Materials Holding SE & Co. KG

· Foamtec International Co. Ltd.

· Apollo Foam Limited

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Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global medical foam market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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