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Medical Foam Market Research Report - Global Forecast till 2030

Medical Foam Market Research Report: By Form (Flexible, Rigid, Spray), By Material (Polymers, Latex, Metal) and By Application (Bedding & Cushioning, Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care, Others) – Forecast to 2030

ID: MRFR/CnM/8215-HCR | February 2021 | Region: Global | 140 pages

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Medical Foam Market Overview

In 2019, the global medical foam market value is registered as USD 25.37 billion and is expected to exhibit a significant CAGR of 6.0% with the medical foam market size of USD 40.39 billion during the forecast period (2021-2028).


Medical foam consists of special antimicrobial substances that reduce the risk of the spread of germs, bacteria, and diseases either in the hospitals or other medical sectors by its resisting quality against contaminants. Polymer foam is used in various applications that include polyurethane foam, polystyrene foam, and polyolefin foam. These foams are available with various colors, densities, and thickness combinations. The medical form has to relieve capabilities that adapt the patient’s body shape for providing comfort to the patient.


COVID-19 Analysis:


The COVID-19 pandemic is positively impacted on medical foam market due to the growing number of patients admitted to hospitals in the pandemic situation. The number of patients is increasing in the hospitals due to the increasing number of COVID-19 infection cases. The COVID-19 patients need a long time to recover which increases the number of beds and thus surged the demand for medical foam.


Moreover, the severely infected patients from coronavirus need breathing systems to cope up with the infection. This situation highly increases the demand for the medical foam to support breathing equipment and anesthesia equipment. Due to its softness and flexibility, medical foam is utilized in the production of PPE kits. These PPE kits are majorly used by healthcare professionals which propels the demand for medical foams. Hence the pandemic increases the opportunity for the key players to build innovations in the medical foam and also highly increases the demand for the global market.


Market Dynamics:


Drivers:


Medical foams are majorly used in the healthcare industry for several applications like medical supports, hydrophilic dressing, the healing process, medical bracing, and others. By expanding pharmaceutical industries in both developed and developing countries coupled with rising spending on healthcare infrastructure is accelerating the medical foam market growth.  Increasing demand for high-quality medical products leads to an increase in the use of medical foam in various applications like medical device cushioning, PVA foams for enhancing healing process after surgery, hydrophilic foams for anti-scar dressing, wound dressings, sealing of medical device LCD screens, prosthetic padding,  custom orthotics, and many more which propels the growth of the market.


Medical foams have various favorable features like softness, moisture resistance, strength, flexibility, and durability that make them irreplaceable in medical use. Due to these features, it is used in the production of bedding & cushioning products like orthopedics supports, mattresses, pads, and others. These medical forms are also used for packaging application in specialty products and medical devices for providing security against harsh climatic conditions and external resistance which is boosting the growth of the market


Restraint:


Fluctuation in the raw material prices is the major factor expected to restrict the market growth. The huge research and development need more price which is hindering the market.


Opportunities:


The emergence of new materials may create the opportunity to propel the demand for the market. Moreover, growing awareness among consumers regarding the benefits of medical foam is projected to provide lucrative opportunities for market growth. Rising demand for sustainable packaging materials in the medical industry is predicted to escalate market growth.


Challenges:


The growing strict government rules and regulations regarding the use of medical foam across the globe are acting as the challenging factor of the market growth. A National Health Protection Scheme, Ayushman Bharat covers nearly 10 crore poor and vulnerable families by providing 5 lakh rupees per family annually for secondary and tertiary care hospitalization.


Study Objectives -



  • To provide detailed information about the medical foam market structure along with various forecast segments, features, driving factors, and subsegments for the coming next 10 years.

  • To provide the factors that are affecting the growth of the medical foam market value.

  • To analyze the medical foam market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the medical foam market revenue for the main geographies.

  • To provide the country-level analysis of the current medical foam market size and future prospective.

  • To provide country-level analysis of the foam market industry growth by region, form, and application.

  • To track and analyze new product developments, strategic alliances, and global medical foam market research.


Segment Overview:


The global medical foam market has been divided into segments based on form, material, application, and region.


Based on Form


The global medical foam market based on the form is classified into three types such as flexible, rigid, and spray. Among them, the flexible segment is dominating the largest market share due to growing demand in applications like bedding & cushioning, and wound dressing and is expected to exhibit a maximum growth rate during the forecast period. Rigid materials like polyethylene terephthalate glycol are used for the packaging of medical devices. Spray medical foam is used in the pre-cleaning of terminal sterilization, medical devices, or disinfection.


Based on Material


The global medical foam based on material is trifurcated into polymers, latex, and metal.  Due to their superior properties like lightweight, sound absorption, and biocompatibility, polymers are widely used in medical foam. The most commonly used material in medical foam is polyurethane. Latex material is used majorly in medical bedding & cushioning. The medical foam manufactured with metallic materials has various benefits like high strength, high porosity, and excellent absorption and is preferable for implantable medical devices.


Based on Application


The global medical foam applications are categorized into few types as bedding & cushioning medical packaging, medical devices & components, prosthetic & wound care, and others. Among them, the bedding & cushioning segment is accounting the largest market share. Due to its high resilience property, flexible foams are preferred in applications like cushions, surgical beds, and wheelchair seats.


Based on Region


Region-wise, the global medical foam market is divided into five main geographies such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these regions, Asia-Pacific is accounting for the maximum medical foam market share and is estimated to grow at a significant rate during the assessment period for the expansion of the medical industry in China and India.


Regional Analysis 


Geographically, the global medical foam market based on regions is analyzed into five major regions like Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Due to the expansion of medical industries in emerging countries like India and China, Asia-Pacific is holding the largest market share with a significant growth rate in the coming years. Rising spending on healthcare along with growing healthcare awareness is driving the growth of the healthcare industry which leads to the demand for the medical foam market.


The presence of the medical industry and the increasing geriatric population are the factors driving the regional market in North America. By growing investments in research and development activities in the medical industry, Europe is holding a significant share in the global market. Rising spending on healthcare coupled with health consciousness among the consumers is boosting the growth of the market in this region.


Competitive Landscape


The prominent key players in the medical foam market outlook are the following:



  • Trelleborg, Confor (Sweden)

  • SEKISUI CHEMICAL CO., LTD., Softlon (Japan)

  • FXI HOLDINGS INC. (US)

  • UFP Technologies (US)

  • Huntsman International LLC, Rubinate & Suprasec (US)

  • INOAC CORPORATION (Japan)

  • ARMACELL LLC (Germany)

  • RECTICEL (Belgium)

  • Molnlyckle Health Care (Sweden)

  • Rogers Foam Corporation (US)

  • Freudenberg Group (Germany)


Recent Developments



  • October 2021- A biotechnology company, Synedgen Inc. and an SWM International business, and the trusted strategic partner, Scapa Healthcare, announced a special global licensing agreement to launch two latest innovative wound care treatments. These products are built using the proprietary glycochemistry technology platform by Synedgen. The contract also offers Scapa Healthcare the right to utilize glycopolymer technology by Synedgen and several other wound care technologies. According to the contract, Scapa Healthcare can use glycopolymer technology by Synedgen for surgical care applications and dermal wounds applications. The advanced wound hydrogel formulae and glycopolymer-based wound cleanser are popular for restricting infection and encouraging wound healing by breaking mature biofilm, restricting bacterial infection, and decreasing inflammation and scarring of chronic and acute wounds and surgical incisions. Built with the Defense Advanced Research Projects Agency (DARPA) and the Defense Health Agency (DHA), these wound care treatment products are approved by the FDA. Additionally, this technology provides various opportunities for tailored wound management solutions and other superior wound care technologies, including hydrocolloids, medical foam materials, hydrogels, and collagen.

  • One of the leading key players, Merit Medical introduced an innovation in the medical foam industry, Torpedo gelatin foam for the embolization of hypervascular tumors. Moreover, it provides clinicians with pre-filled cartridge-filled gelatin foam along with an optional blunt stylet that eliminates the need to manually shape the foam and also offers quick and easy attachment to the catheter for delivery.


Report Overview:


This global medical foam market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the medical market drivers, restraints, challenges, and opportunities. The medical foam market forecast segments are form, material, application, and region.


Segmentation Table


The medical foam market trends have been segmented globally based on the form, material, application, and region.


By Form


Flexible, rigid, and spray.


By Material


Polymers, latex, and metal.


By Application


Bedding & cushioning medical packaging, medical devices & components, prosthetic & wound care, and others.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the medical foam market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 38 Billion
  • 2030: Significant Value
  •   CAGR   6.1 % (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Form, Material, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   UFP Technologies (US),SEKISUI CHEMICAL CO., LTD., Softlon (Japan), Huntsman International LLC, Rubinate & Suprasec (US), Trelleborg, Confor (Sweden), RECTICEL (Belgium), INOAC CORPORATION (Japan), FXI HOLDINGS, INC. (US), ARMACELL LLC (Germany), Rogers Foam Corporation (US), Freudenberg Group (Germany), Mölnlycke Health Care (Sweden)
      Key Market Opportunities   Increasing demand for sustainable packaging materials in the medical industry
      Key Market Drivers

  • Expanding pharmaceutical industry
  • Growing demand for implantable medical devices


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    Frequently Asked Questions (FAQ) :

    Medical Foam Market is expected to record a CAGR of 6% by the end of 2028

    Medical Foam Market is estimated hold a substantial value of worth USD 40.39 billion. by the end of 2028

    Growing demand for implantable medical devices and the rising strength of the pharmaceutical sector.

    Fluctuations in the raw material prices

    Trelleborg, Confor (Sweden), SEKISUI CHEMICAL CO., LTD., Softlon (Japan), FXI HOLDINGS INC. (US), UFP Technologies (US), Huntsman International LLC, Rubinate & Suprasec (US), INOAC CORPORATION (Japan), ARMACELL LLC (Germany), RECTICEL (Belgium), Molnlyckle Health Care (Sweden), Rogers Foam Corporation (US), and Freudenberg Group (Germany)