The Medical Foam market size is projected to grow from $30.45 billion in 2023 to $51.35 billion by 2031, at a CAGR of 6.8% during the forecast period.
Medical foams are designed to address a variety of issues found in medical settings and are suitable for a broad range of uses in the healthcare sector. One of these difficulties is creating a barrier against bacteria to lower the chance of the spread of germs and disease. Medical foams are ideal for use in sterile environments because of their superior antibacterial qualities. These foams' superior impact absorption and lightweight characteristics find application in medical devices, wound care, prosthetics, and medical packaging.
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Since the product is lightweight and has excellent compressive and tensile strengths, it is being used more and more in the healthcare industry to replace traditional materials in the manufacturing of instruments, such as orthopaedic models and prosthetics. Through the course of the forecast period, this is expected to fuel market growth. Furthermore, the use of medical-grade foams in the packaging of different pharmaceuticals and medical devices is anticipated to be a significant driver of market expansion in the years to come.
Drivers
Medical foam has several advantages.
Because medical foams have so many advantages, the pharmaceutical and healthcare industries use them extensively. Benefits of medical foam include its resistance to fungal infections and harsh climates, which increases demand for medical foams. Medical foams are widely used in devices like prosthetic padding, wound dressings, LCD screens, and more. The market is expanding as a result of the numerous advantages offered by medical foams.
Rising demand for cushions and bedding
Medical foam is becoming more and more popular for cushioning and bedding. The growing need for hospital beds, bed accessories, and seat cushions in the healthcare industry is driving up demand for medical foam in bedding and cushioning. In addition, there is an increasing need for cushions and bedding due to the rise in diseases worldwide. Therefore, the market is expanding due to the rising demand for cushions and bedding.
Restraint
Medical supplies are impacted by changes in raw material prices.
Crude oil determines the price of benzoene, and changes in the price of crude oil contribute to the high cost of medical foam. In addition, the price of styrene and other important raw materials affects the price of polystyrene foam. These variations also help the medical foam alternatives. People are choosing other products as the cost of raw materials rises, which is a significant barrier impeding the market's expansion.
Opportunities
Usage in medical equipment and parts is rising
The growing demand for a variety of medical device products is driving up the use of medical foam in medical devices and components. When compared to other options, medical foam is more affordable and has superior biocompatibility. The market is expanding in part because consumers are becoming more conscious of their hygiene and health. The world population is growing at an accelerated rate, which is fueling the market's expansion by raising the need for medical foam.
Growing utilisation of medical foam in spinal implants
Medical foam has a number of advantages, including an excellent strength-to-weight ratio, biocompatibility, and remarkable performance. Injection moulding is a process that uses medical foam as a Foam of developer to create titanium spinal implants. Medical foams have interconnected porosity throughout the implant and are modelled after cancellous bone. Thus, the market is expanding due to the growing usage of medical foam in spinal implants.
Challenges
Stringent rules and regulations for healthcare industry.
The healthcare industry enforces stringent laws and regulations to uphold the highest standards of product packaging and labeling services. All forms of medical packaging are subjected to testing and integrity-related procedures to guarantee compliance with industry standards and laws pertaining to the pharmaceutical industry. Medical equipment and packing solutions are guaranteed to withstand multiple sterilizing procedures and disinfectants.
Prominent pharmaceutical companies' CEOs and senior executives actually signed a multilingual letter denouncing the Russian invasion of Ukraine as a "barbaric act." An indication in and of itself of how the crisis between Russia and Ukraine affects this region's pharmaceutical sector.
In their letter, they refer to the most drastic economic measures as "complete economic disengagement," arguing that it is pointless to look back and consider what stronger measures might have been. Along with financiers from the top VC firms in the sector, they exhort their colleagues to pull out of the Russian market by taking any number of actions, such as stopping investments in Russian businesses or turning down fresh funding from Russia.
When public health financing fell as a result of imposed austerity measures, health systems found themselves under pressure to quickly adjust to market conditions. The governments respond to this situation in two ways: either they implement an active policy that prevents the wave of bankruptcies, maintains consumption, and stimulates economic growth, even if it threatens the budgetary balance, or they make budgetary cuts and provide essential services targeted at the poorest. The health budgets responded differently to these new economic realities.
Higher unemployment rates and a slower rate of economic growth are two factors contributing to the crisis. The literature claims that long-term unemployment, in particular, has a negative impact on health status due to decreased social interaction, income reduction, and loss of professional status. Nonetheless, research indicates that it has no negative effects on the population's health.
By Foam
Flexible
Rigid
Spray
The segment by foam is divided into spray, rigid, and flexible.
Due to the expanding applications of flexible foam in medical dressing, bedding & cushioning, wheelchair pads, medical face shields, and orthotics, among other applications, the flexible segment held the largest market share in 2022. Artificial bone test media, X-ray and diagnostic tables, medical device packaging, and diagnostic imaging beds are among the applications for rigid medical foam. Medical packaging applications are the main use for thermoformed rigid plastic materials like polyethylene terephthalate glycol (PETG), polyethylene terephthalate (PETE), acrylonitrile-butadiene-styrene (ABS), and high impact polystyrene (HIPS). Both invasive and non-invasive medical equipment can have their surfaces cleaned with spray medical foam.
By Application
Bedding & cushioning
Medical packaging
Medical devices & components
Prosthetics & wound care
The segments of the worldwide medical foam market include prosthetics & wound care, medical devices & components, bedding & cushioning, and others.
In 2022, the Bedding & cushioning segment held the largest share of the global medical foam market. Over the course of the review period, it is anticipated to register a significant compound annual growth rate. Medical pillows, comfort pads, surgical beds, wheelchair cushions, and other bedding and cushioning applications are just a few of the many uses for polyurethane foam. Medical cushions relieve stress and provide support for the shoulders, head, and neck. In the packaging of medical devices like orthopaedic plants, surgical screws, and clamshells, medical foam composed of materials like cross-linked polyethylene foams, thermoplastic polyurethane, polyethylene terephthalate, and polyethylene terephthalate glycol is used. Thermoplastic polyurethane foams are widely utilised in conjunction with sterile barrier systems to safeguard surgical screws and orthopaedic implants, among other things. Medical devices are packaged, gasketed, and sealed using medical foams. During the review period, the demand for the medical devices segment is expected to grow significantly due to the growing use of these devices.
Wounds are covered with medical foams because of their high performance and dependability. Medical foams work well as a dressing for wounds that are bleeding, open, or seeping because they absorb fluids and bacteria. In arm prosthesis, medical foam is used as filler.
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Asia-Pacific: Due to the expanding healthcare sector, especially in China and India, the market in this region held the biggest market share in 2022 and is predicted to grow at a notable CAGR over the review period.
North America: The market for medical foam is expected to grow due to the well-established medical device industry in this region.
Europe: The region's market growth is probably going to be driven by the increased spending on R&D activities in the medical industry.
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the players of Medical foam Market are American Excelsior Company (U.S.), American Foam Products (U.S.), Heubach Corporation (U.S.), General Plastics Manufacturing Company, Inc., (U.S.), LEXTECH GLOBAL SERVICES. (U.S.), UFP Technologies, Inc. (U.S.), FXI. U.S.), Rogers Corporation. (U.S.), 3M (U.S.), Allied Aerofoam, LLC (U.S.), Rempac Foam, LLC. (U.S.) and other players.
American Excelsior Company (U.S.)-Company Financial Analysis
Recent Trends in the Medical foam Market
Foamtec Medical developed a new foam formulation on March 10, 2022, with the goal of collecting and discharging the maximum amount of sample. Foamtec Medical is the only company that fully integrates the formulation and production of medical-grade polyurethane foam at this time.
Scientists at Vanderbilt University announced on June 30, 2022, that they had created synthetic, biodegradable foam that can support the rapid healing of chronic skin wounds, promote blood vessel growth, and lessen inflammation. One day, this discovery might improve patient care while potentially reducing costs associated with a major global health concern.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 30.45 Bn |
| Market Size by 2031 | US$ 51.35 Bn |
| CAGR | CAGR of 6.8% From 2023 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Drug Class (Monoclonal Antibody (MAb), Fusion Proteins, Immunosuppressant, Polyclonal Antibody (PAb)) • By Disease Indicator(Rheumatoid Arthritis, Psoriatic Arthritis, Plaque Psoriasis, Ankylosing Spondylitis, Inflammatory Bowel Disease, Prophylaxis Of Organ Rejection) • By Distribution Channel ( Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | General Plastics Manufacturing Company, Inc., (U.S.), American Excelsior Company (U.S.), American Foam Products (U.S.), Heubach Corporation (U.S.), LEXTECH GLOBAL SERVICES. (U.S.), UFP Technologies, Inc. (U.S.), FXI. U.S.), Rogers Corporation. (U.S.), 3M (U.S.), Allied Aerofoam, LLC (U.S.), Rempac Foam, LLC. (U.S.) |
| Key Drivers |
|
| RESTRAINTS |
|
Ans: The expected CAGR of the global Medical foam Market during the forecast period is 6.6%.
Ans: The Medical foam Market was valued at USD 28.52 billion in 2022.
Ans: China dominated the Medical foam market in the Asia Pacific region.
Ans: The Bedding & cushioning application segment dominated the Medical foam Market in 2022.
Ans: The Flexible foam segment dominated the medical foam market in 2022.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Medical foam Market, By Foam
9.1 Introduction
9.2 Trend Analysis
9.3 Flexible
9.4 Rigid
9.5 Spray
10. Medical foam Market, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Bedding & cushioning
10.4 Medical Packaging
10.5 Medical devices & Components
10.6 Prosthetics & Wound Care
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Medical foam Market by Country
11.2.3 North America Medical foam Market By Foam
11.2.4 North America Medical foam Market By Application
11.2.5 USA
11.2.5.1 USA Medical foam Market By Foam
11.2.5.2 USA Medical foam Market By Application
11.2.6 Canada
11.2.6.1 Canada Medical foam Market By Foam
11.2.6.2 Canada Medical foam Market By Application
11.2.7 Mexico
11.2.7.1 Mexico Medical foam Market By Foam
11.2.7.2 Mexico Medical foam Market By Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Medical foam Market by Country
11.3.2.2 Eastern Europe Medical foam Market By Foam
11.3.2.3 Eastern Europe Medical foam Market By Application
11.3.2.4 Poland
11.3.2.4.1 Poland Medical foam Market By Foam
11.3.2.4.2 Poland Medical foam Market By
11.3.2.5 Romania
11.3.2.5.1 Romania Medical foam Market By Foam
11.3.2.5.2 Romania Medical foam Market By Application
11.3.2.6 Hungary
11.3.2.6.1 Hungary Medical foam Market By Foam
11.3.2.6.2 Hungary Medical foam Market By Application
11.3.2.7 Turkey
11.3.2.7.1 Turkey Medical foam Market By Foam
11.3.2.7.2 Turkey Medical foam Market By Application
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Medical foam Market By Foam
11.3.2.8.2 Rest of Eastern Europe Medical foam Market By Application
11.3.3 Western Europe
11.3.3.1 Western Europe Medical foam Market by Country
11.3.3.2 Western Europe Medical foam Market By Foam
11.3.3.3 Western Europe Medical foam Market By Application
11.3.3.4 Germany
11.3.3.4.1 Germany Medical foam Market By Foam
11.3.3.4.2 Germany Medical foam Market By Application
11.3.3.5 France
11.3.3.5.1 France Medical foam Market By Foam
11.3.3.5.2 France Medical foam Market By Application
11.3.3.6 UK
11.3.3.6.1 UK Medical foam Market By Foam
11.3.3.6.2 UK Medical foam Market By Application
11.3.3.7 Italy
11.3.3.7.1 Italy Medical foam Market By Foam
11.3.3.7.2 Italy Medical foam Market By Application
11.3.3.8 Spain
11.3.3.8.1 Spain Medical foam Market By Foam
11.3.3.8.2 Spain Medical foam Market By Application
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Medical foam Market By Foam
11.3.3.9.2 Netherlands Medical foam Market By Application
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Medical foam Market By Foam
11.3.3.10.2 Switzerland Medical foam Market By Application
11.3.3.1.11 Austria
11.3.3.11.1 Austria Medical foam Market By Foam
11.3.3.11.2 Austria Medical foam Market By Application
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Medical foam Market By Foam
11.3.3.12.2 Rest of Western Europe Medical foam Market By Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Medical foam Market by Country
11.4.3 Asia-Pacific Medical foam Market By Foam
11.4.4 Asia-Pacific Medical foam Market By Application
11.4.5 China
11.4.5.1 China Medical foam Market By Foam
11.4.5.2 China Medical foam Market By Application
12.4.6 India
11.4.6.1 India Medical foam Market By Foam
11.4.6.2 India Medical foam Market By Application
11.4.7 Japan
11.4.7.1 Japan Medical foam Market By Foam
11.4.7.2 Japan Medical foam Market By Application
11.4.8 South Korea
11.4.8.1 South Korea Medical foam Market By Foam
11.4.8.2 South Korea Medical foam Market By Application
11.4.9 Vietnam
11.4.9.1 Vietnam Medical foam Market By Foam
11.4.9.2 Vietnam Medical foam Market By Application
11.4.10 Singapore
11.4.10.1 Singapore Medical foam Market By Foam
11.4.10.2 Singapore Medical foam Market By Application
11.4.11 Australia
11.4.11.1 Australia Medical foam Market By Foam
11.4.11.2 Australia Medical foam Market By Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Medical foam Market By Foam
11.4.12.2 Rest of Asia-Pacific Medical foam Market By Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Medical foam Market by Country
11.5.2.2 Middle East Medical foam Market By Foam
11.5.2.3 Middle East Medical foam Market By Application
11.5.2.4 UAE
11.5.2.4.1 UAE Medical foam Market By Foam
11.5.2.4.2 UAE Medical foam Market By Application
11.5.2.5 Egypt
11.5.2.5.1 Egypt Medical foam Market By Foam
11.5.2.5.2 Egypt Medical foam Market By Application
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Medical foam Market By Foam
11.5.2.6.2 Saudi Arabia Medical foam Market By Application
11.5.2.7 Qatar
11.5.2.7.1 Qatar Medical foam Market By Foam
11.5.2.7.2 Qatar Medical foam Market By Application
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Medical foam Market By Foam
11.5.2.8.2 Rest of Middle East Medical foam Market By Application
11.5.3 Africa
11.5.3.1 Africa Medical foam Market by Country
11.5.3.2 Africa Medical foam Market By Foam
11.5.3.3 Africa Medical foam Market By Application
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria Medical foam Market By Foam
11.5.3.4.2 Nigeria Medical foam Market By Application
11.5.3.5 South Africa
11.5.3.5.1 South Africa Medical foam Market By Foam
11.5.3.5.2 South Africa Medical foam Market By Application
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa Medical foam Market By Foam
11.5.3.6.2 Rest of Africa Medical foam Market By Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Medical foam Market by country
11.6.3 Latin America Medical foam Market By Foam
11.6.4 Latin America Medical foam Market By Application
11.6.5 Brazil
11.6.5.1 Brazil Medical foam Market By Foam
11.6.5.2 Brazil Medical foam Market By Application
11.6.6 Argentina
11.6.6.1 Argentina Medical foam Market By Foam
11.6.6.2 Argentina Medical foam Market By Application
11.6.7 Colombia
11.6.7.1 Colombia Medical foam Market By Foam
11.6.7.2 Colombia Medical foam Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Medical foam Market By Foam
11.6.8.2 Rest of Latin America Medical foam Market By Application
12. Company Profiles
12.1 American Excelsior Company (U.S.)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 American Foam Products (U.S.)
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Heubach Corporation (U.S.)
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 General Plastics Manufacturing Company, Inc., (U.S.)
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 LEXTECH GLOBAL SERVICES. (U.S.)
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 UFP Technologies, Inc. (U.S.)
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
13.7 Rogers Corporation. (U.S.)
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 3M (U.S.)
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Allied Aerofoam, LLC (U.S.)
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Rempac Foam, LLC. (U.S.)
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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