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Global Medical Foam Market to Grow at a CAGR of 6.3% During 2022-2027, Driven by the Increase in Healthcare Expenditure

Medical Foam Market

Global Medical Foam Market: By Type: Rigid, Flexible, Moulded; By Material: Polymer, Metal, Others; By Application: Packaging, Bedding and Cushioning, Device and Components, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Medical Foam Market Outlook

The global medical foam market attained a value of about USD 30.62 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.3% to reach nearly USD 46.67 billion by 2028.     

 

Global Medical Foam Market

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Increasing cases of Epidemic Outbreaks to Bolster the Medical Foam Industry

The growing global population and the rising health concerns among people related to personal hygiene due to the increasing cases of viral outbreaks, like COVID-19, H5N1 Avian influenza, and HGN1 Swine flu, among others, are bolstering the demand for various medical devices for treatment purposes, which, in turn, is driving the market for medical foam. Medical foam is used as a replacement for conventional material in the healthcare sector for manufacturing instruments, like orthopaedic and prosthetics models, as they are extremely lightweight and possess excellent tensile and compressive strengths. This is anticipated to augment the market growth in the coming next years. Furthermore, the application of medical-grade foams for the packaging of different healthcare devices and pharmaceutical products is another important factor boosting the growth of the market.

 

Medical Foam: Market Segmentation

The term medical foam refers to medical-grade foam, which is generally sterile, strain resistant, fungal resistant, and very durable. It is a product used in the medical industry for applications in numerous medical devices and support materials, such as bedding materials, wound dressing, surgical drapes, gloves, garments, and medical packing. Medical foams are formulated for a vast range of selection of applications within the healthcare industry to meet various challenges prevalent in the medical industry these days.

 

Global Medical Foam Market by Segment

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On the basis of type, the market can be divided into:

  • Rigid
  • Flexible
  • Moulded

Based on material, the market can be categorised into:

  • Polymer
  • Metal
  • Others

The market can be broadly categorised on the basis of applications into:

  • Packaging
  • Bedding and cushioning
  • Device and components
  • Others

The EMR report looks into the regional markets of medical foam like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Medical Foam Market by Region

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Rising Government Investments in the Healthcare Sector to Augment the Market for Medical Foam

The growth in the global market for medical foam is ascribed to various factors, such as increasing global health expenditure, geriatric population, and the rapid expansion of the medical industry.  The rapid spread of coronavirus boosted the healthcare industry, and thus the market demand for medical foam in various applications such as bedding and cushioning is providing impetus to the market growth.  In addition to this, the rising government investments in the healthcare sector is further augmenting the industry growth of medical foam.

Furthermore, consumer focus on the health and periodic cleanliness and growing worldwide population are escalating the demand for high-quality medical foam suitable for various applications. This factor is also predicted to continue driving the global industry for medical foams in the forecast period. In addition,  the use of medical foams for packaging various healthcare devices and pharmaceuticals is further fuelling the growth of the medical foam industry.

 

Key Industry Players in the Global Medical Foam Market

The report presents a detailed analysis of the following key players in the global medical foam market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Advanced Medical Solutions Group Plc
  • Apollo Foam Limited
  • Draka Interfoam B.V
  • Foamtec Medical
  • Freudenberg Performance Materials Holding SE & Co. KG
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Material, Application, Region
Breakup by Type Rigid, Flexible, Moulded
Breakup by Material Polymer, Metal, Others
Breakup by Application Packaging, Bedding and Cushioning, Device and Components, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Advanced Medical Solutions Group Plc, Apollo Foam Limited, Draka Interfoam B.V., Foamtec Medical, Freudenberg Performance Materials Holding SE & Co. KG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Medical Foam Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Medical Foam Historical Market (2018-2022) 
    8.3    Global Medical Foam Market Forecast (2023-2028)
    8.4    Global Medical Foam Market by Type
        8.4.1    Rigid
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Flexible
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Moulded
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Medical Foam Market by Material
        8.5.1    Polymer 
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Metal
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Medical Foam Market by Application
        8.6.1    Packaging 
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Bedding and Cushioning 
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Device and Components
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others    
    8.7    Global Medical Foam Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Medical  Foam Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Medical Foam Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Medical Foam Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.2    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Medical Foam Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Medical Foam Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Advanced Medical Solutions Group Plc
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Apollo Foam Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Draka Interfoam B.V.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Foamtec Medical
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Freudenberg Performance Materials Holding SE & Co. KG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Medical Foam Market: Key Industry Highlights, 2018 and 2028
2.    Global Medical Foam Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Medical Foam Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Medical Foam Historical Market: Breakup by Material (USD Million), 2018-2022
5.    Global Medical Foam Market Forecast: Breakup by Material (USD Million), 2023-2028
6.    Global Medical Foam Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Medical Foam Market Forecast: Breakup by Application Channel (USD Million), 2023-2028
8.    Global Medical Foam Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Medical Foam Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Medical Foam Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Medical Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Medical Foam Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Medical Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Medical Foam Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Medical Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Medical Foam Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Medical Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Medical Foam Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Medical Foam Market Forecast: Breakup by Country (USD Million), 2023-2028 
20.    Global Medical Foam Market Structure

Key Questions Answered in the Report

What was the global medical foam market size in 2022?

The global medical foam market attained a value of nearly USD 30.62 billion in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 6.3% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 46.67 billion by 2028.     

What are the major industry drivers?

The industry is being driven by the prevalence of various chronic diseases and the resultant demand for lightweight and durable components for manufacturing medical equipment.

What are the key industry trends of the global medical foam market?

Rising government investments in the healthcare sector and the rising demand for medical foam in bed and cushioning is augmenting the market growth.

What are the major regional markets of medical foam, according to the EMR report?

The major regional markets for medical foam are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the various types of medical foams in the industry?

The various types of medical foams in the industry are rigid, flexible, and moulded.

What are the different materials of medical foam available in the market?

The different materials of medical foam available in the market are polymer, metal, and others.

What are the significant applications of medical foam?

The significant applications of medical foam include packaging, bedding and cushioning, and device and components, among others.

Who are the key industry players, according to the report?

The major players in the industry are Advanced Medical Solutions Group Plc, Apollo Foam Limited, Draka Interfoam B.V., Foamtec Medical, and Freudenberg Performance Materials Holding SE & Co. KG, among others.

Analyst Review

The global medical foam market attained a value of about USD 30.62 billion in 2022, driven by the rising applications in medical devices. Aided by rising government investments, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.3%. The market is projected to reach approximately USD 46.67 billion by 2028.     

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the medical foam industry can be segmented into rigid, flexible, and moulded. By materials, the market is categorised into polymer, metal, and others. On the basis of application, the market can be divided into packaging, bedding and cushioning, and device and components, among others. The major regional markets for medical foam are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  The key players in the above market include Advanced Medical Solutions Group Plc, Apollo Foam Limited, Draka Interfoam B.V., Foamtec Medical, and Freudenberg Performance Materials Holding SE & Co. KG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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