Global Medical Foam Market – Industry Trends and Forecast to 2030

Global Medical Foam Market, By Form (Flexible Foam, Rigid Foam, Spray Foam and Molded), Material Type (Polymer, Latex, Metal, Others), Application (Packaging, Medical Devices & Components, Prosthetic & Wound Care, Bedding and Cushioning, Orthopedic, Surgical, Others), End User (Hospitals, Clinics, Ambulatory Surgery Centers, Others) - Industry Trends and Forecast to 2023 to 2030.

Medical Foam Market Analysis and Size

The essential factors contributing to the growth of the medical foam market in the forecast period of 2023 to 2030 include increasing usage in the packaging of premium products and medical equipment and the growing demand for high-quality medical products. In addition, surging industrialization, growing government funding for the development of advanced medical foam products, prevailing demand for wound care products, and rising production of pharmaceutical products are driving the market’s growth.

Data Bridge Market Research analyses that the medical foam market which was USD 28.51 billion in 2022, is expected to reach USD 47.18 billion by 2030, growing at a CAGR of 6.5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Medical Foam Market Scope and Segmentation

Market Definition

Foams are materials that are created by trapping pockets of gas in a liquid or solid. The medical foam is sterile, strain resistant, fungal-resistant, and very durable. Medical foams are widely used in the medical industry such as for gloves, bedding materials, surgical drapes, garments, and medical packing. Along with this, medical foams are formulated with several qualities therefore, it has various applications in the healthcare industry.

Global Medical Foam Market Dynamics

Drivers

• Various benefits of medical foam

Medical foams have several benefits, therefore it is widely used in the pharmaceutical and healthcare sector. Medical foam has benefits such as it is resistant to harsh climates and fungal infections, which boosts the demand for medical foams. Medical foams are widely used in equipment such as LCD screens, wound dressings, prosthetic padding, and others. Therefore, the various benefits of medical foams are driving the market’s growth.

• Growing demand for bedding and cushioning

There is an increasing demand for medical foam in bedding and cushioning. The demand for medical foam in bedding and cushioning is growing due to the growing demand for bed accessories, hospital beds, and seat cushioning in the healthcare sector. Furthermore, as the number of diseases is increasing globally the demand for bedding and cushioning is mounting. Therefore, the growing demand for bedding and cushioning is driving the market’s growth. 

Opportunities

• Increasing use in medical devices and components

The usage of medical foam is increasing in medical devices & components owing to the increasing demand for various products of medical devices. Medical foam offer better biocompatibility and are economical in comparison to other alternatives. In addition, the growing consumer focus on health and cleanliness is contributing to the market’s growth.  The rapidly increasing worldwide population is further increasing the demand for medical foam which is driving the market’s growth.

• Increase in the use of medical foam in spinal implants

Medical foam possesses various qualities such as great strength-to-weight ratio, biocompatibility, and exceptional performance. Medical foam is used as a kind of developer which is used in injection molding for the creation of titanium spinal implants. Medical foams are modeled like cancellous bone and it has interconnected porosity all over the implant. Therefore, the increased use of medical foam in spinal implants is driving the market’s growth.

 Restraints/Challenges

• Fluctuating prices of raw materials affect medical supplies

The cost of Benzene depends on crude oil and the fluctuations in the price of crude oil further lead to the high cost of medical foam. Along with this, the cost of polystyrene foam depends on the cost of styrene and other major raw materials. These fluctuations further benefit the alternatives of medical foam. As the cost of raw materials is increasing people are preferring other products which is a major restraint hindering the market’s growth.

• Strict laws and regulations

Strict laws and regulations are implemented by the healthcare sector to maintain the highest standards of packaging and labeling services for various products. Testing and integrity-related procedures are applied to all types of medical packaging for ensuring agreement with the norms and regulations of the pharmaceutical sector. Medical packing options and equipment are bound to survive various disinfectants and several sterilizing processes.

This medical foam  market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, Nexus Spine introduced spinal implants. Nexus Spine debuted its Press-On patient-specific fixation system for human spine stabilization, as well as its Tranquil flexible titanium device for interbody fusion. This development will propel the market’s growth.
• In 2020, Xenco Medical announced the nationwide launch of CancelleX bio-inspired spinal implants, the first injection-molded titanium foam spinal implants pre-attached to disposable instruments. This will able to cure number of ailments.

Global Medical Foam Market Scope

The medical foam market is segmented on the basis of form, material type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Flexible Foam
• Rigid Foam
• Spray Foam
• Molded

Material Type

• Polymer
• Polyurethane
• Polystyrene
• Polyvinyl Chloride
• Polyolefin
• Latex
• Metal
• Others

Application

• Packaging
• Medical Packaging
• Medical Devices & Components
• Prosthetic & Wound Care
• Bedding and Cushioning
• Orthopedic
• Surgical
• Others

End User

• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Others

Global Medical Foam Market Regional Analysis/Insights

The medical foam market is analysed and market size insights and trends are provided by form, material type, application and end user as referenced above.

The countries covered in the medical foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the medical foam market due to rising investment in the healthcare sector and growing demand for medical foam in pharmaceutical products and surging demand for medical instruments is driving the market’s growth in the region.

North America is expected to grow during the forecast period of 2023 to 2030 due to rising per capita health expenditure in the U.S. Therefore, increased demand for both generic medications and medical equipment & components is driving the market’s growth in the North America region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Medical Foam Market Share Analysis

The medical foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical foam market.

Some of the major players operating in the 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.)
• Dow (U.S.)
• Huntsman International LLC. (U.S.)
• 3M (U.S.)
• Allied Aerofoam, LLC (U.S.)
• Rempac Foam, LLC. (U.S.)
• VPC Group. (Canada)
• Woodbridge. (Canada)
• Freudenberg Performance Materials Holding GmbH (Germany)
• Avon Group Manufacturing Ltd (U.K.)
• Trelleborg Group. (Sweden)
• Mölnlycke Health Care AB (Sweden)
• Recticel Engineered Foams Belgium BV (Belgium)