HOME Top Market Reports Medical Foam Market by Material Type (Polyurethane, Polystyrene, Polyolefin), Form (Flexible, Rigid, Spray), Application (Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care), and Region - Global Forecast to 2026

Medical Foam Market by Material Type (Polyurethane, Polystyrene, Polyolefin), Form (Flexible, Rigid, Spray), Application (Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care), and Region - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: CH 4777

 

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The global medical foam market is estimated to be valued at USD 14.06 Billion in 2016, growing at a CAGR of 8.2% from 2016 to 2026.

The main objectives of this market study are:

  • To define and segment the global medical foam market by form, material type, application, and region
  • To estimate and forecast the global medical foam market, in terms of value and volume
  • To estimate and forecast the global medical foam market by form, material type and application at country-level in each region
  • To identify and analyze the key drivers, restraints, and opportunities in the global medical foam market
  • To analyze significant region-specific trends in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
  • To strategically identify and profile the key market players and analyze their core competencies
  • To draw a competitive landscape by analyzing recent developments and competitive strategies, such as alliances, joint ventures, and mergers & acquisitions adopted by various key players operating in the global medical foam market

The global medical foam market has been segmented on the basis of form, material type, application, and region. The years considered for the report are:

  • Base Year - 2015
  • Estimated Year - 2016
  • Projected Year – 2021 & 2026
  • Short Term Forecast Period - 2016-2021
  • Long Term Forecast Period – 2021 - 2026

The base year used for company profiles is 2015; where information was not available for the base year, the prior year was taken into consideration.

Research Methodology:

Secondary sources, such as company websites, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, RadTech, and other government and private websites, have been used to identify and collect information that is useful for this extensive, commercial study of the global medical foam market. The primary sources, which include experts from related industries, have been interviewed to verify and collect information as well as to assess the future prospects of the market. The top-down approach has been implemented to validate the market size. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study. The breakdown of primaries conducted is shown in the figure below.

Medical Foam Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The value chain in the global medical foam market consists of suppliers of key raw materials, such as polyol, polyurethane, polyethylene and other chemicals. Key companies such as, BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer AG (Germany), and Sekisui Chemical Co, Ltd. (Japan) have adopted backward integration to meet their production demands. The demand side includes medical and healthcare industries, which use medical foam for various applications including packaging, medical devices and components, wound care, and so on.

Target Audience:

The target audience for the report includes:

  • Manufacturers of Medical foam
  • Traders, Distributors, and Suppliers of Medical foam
  • Companies Operational Across Various End-Use Market Segments of Medical foam
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • National & Local Government Organizations/Agencies
  • R&D Institutions
  • Investment Banks and Private Equity Firms

Scope of the Report:

  • By Form:
    • Flexible Foam
    • Rigid Foam
    • Spray Foam
  • By Material Type:
    • Polyurethane
    • Polystyrene
    • Polyvinyl Chloride
    • Polyolefin
    • Others
  • By Application:
    • Medical Packaging
    • Medical Devices & Components
    • Prosthetics & Wound Care
    • Others
  • By Region:
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Italy
      • Czech Republic
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Indonesia
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • Rest of Middle East & Africa

Available Customizations:

The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Country Level Analysis

  • Further breakdown of the European medical foam market by the major countries, including Poland, Belgium, and so on
  • Further breakdown of the Asia-Pacific region medical foam market by the major countries, including Taiwan, Australia, Malaysia, and so on
  • Further breakdown of the global medical foam market by the emerging economies in the Middle East & Africa and Latin America

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Global Medical Foam Market
    4.2 Medical Foam Market, By Region
    4.3 Medical Foam Market, By Type and By Application
    4.4 Medical Foam Market, Major Countries
    4.5 Medical Foam Market, By Application

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Application
           5.2.2 By Type
           5.2.3 By Form
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Demand for the Production of Sterilized Medical Packaging Materials
                    5.3.1.2 Rise in Aging Population to Provide A Sizeable Customer Base for Medical Polymer Foams
                    5.3.1.3 Government Funding and Grants for the Development of Advanced Medical Foam Products
                    5.3.1.4 Increased Shift From Traditional to Advanced Wound Care Products
           5.3.2 Restraints
                    5.3.2.1 Stringent Regulations for the Certification of New Products
           5.3.3 Opportunities
                    5.3.3.1 Increasing Awareness About the Advantages of Medical Polymer Foam
           5.3.4 Challenges
                    5.3.4.1 High Cost of Technologically-Advanced Products
    5.4 Cost Structure Analysis

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Revenue Pocket Matrix
           6.2.1 Medical Foam Market, Revenue Pocket Matrix, By Application, 2015
           6.2.2 Medical Foam Market, Revenue Pocket Matrix, By Type, 2015
           6.2.3 Medical Foam Market, Revenue Pocket Matrix, By Form, 2015
    6.3 Economic Indicators
           6.3.1 Industry Outlook
                    6.3.1.1 Healthcare & Pharmaceutical
           6.3.2 Country-Level Outlook
                    6.3.2.1 Australia
                    6.3.2.2 Brazil
                    6.3.2.3 Canada
                    6.3.2.4 Chile
                    6.3.2.5 China
                    6.3.2.6 France
                    6.3.2.7 Germany
                    6.3.2.8 India
                    6.3.2.9 Iran
                    6.3.2.10 Italy
                    6.3.2.11 Japan
                    6.3.2.12 Mexico
                    6.3.2.13 New Zealand
                    6.3.2.14 Russia
                    6.3.2.15 Saudi Arabia
                    6.3.2.16 South Korea
                    6.3.2.17 Thailand
                    6.3.2.18 U.K.
                    6.3.2.19 U.S.

7 Medical Foam Market, By Form (Page No. - 55)
    7.1 Introduction
    7.2 Market Size and Projection
    7.3 Flexible Foam
    7.4 Rigid Foam
    7.5 Spray Foam

8 Medical Foam Market, By Material Type (Page No. - 61)
    8.1 Introduction
    8.2 Polyurethane
    8.3 Polystyrene
    8.4 Polyvinyl Chloride
    8.5 Polyolefin
    8.6 Others

9 Medical Foam Market, By Application (Page No. - 72)
    9.1 Introduction
    9.2 Medical Packaging
           9.2.1 Orthopedic Implant Packaging
           9.2.2 Surgical Device Packaging
    9.3 Medical Devices & Components
           9.3.1 Patient Interfaces for Diagnostic and Therapeutic Devices
           9.3.2 Surgical Devices
           9.3.3 Brace & Support Component
           9.3.4 Filtration Media
    9.4 Prosthetic & Wound Care
           9.4.1 Prosthetic Parts
           9.4.2 Wound Care
    9.5 Others

10 Regional Analysis (Page No. - 83)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 Japan
             10.2.3 India
             10.2.4 Indonesia
             10.2.5 Rest of Asia-Pacific
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Spain
             10.3.5 Italy
             10.3.6 Czech Republic
             10.3.7 Russia
             10.3.8 Rest of Europe
     10.4 North America
             10.4.1 U.S.
             10.4.2 Canada
             10.4.3 Mexico
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Rest of Latin America
     10.6 Middle East & Africa
             10.6.1 Saudi Arabia
             10.6.2 South Africa
             10.6.3 Rest of the Middle East & Africa

11 Competitive Landscape (Page No. - 123)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 Expansions: the Most Popular Growth Strategy
             11.2.2 Medical Foam Market: Growth Strategies, By Company, 2012-2016
             11.2.3 Medical Foam Market: Market Share, By Company, 2015
             11.2.4 Maximum Developments in 2013
     11.3 Expansions
     11.4 New Product Launches
     11.5 Acquisitions
     11.6 Agreements & Collaborations

12 Company Profiles (Page No. - 130)
     12.1 Introduction
     12.2 BASF SE
     12.3 The DOW Chemical Company
     12.4 Bayer AG
     12.5 Sekisui Chemical Co., Ltd.
     12.6 Huntsman Corporation
     12.7 Trelleborg Ab
     12.8 Inoac Corporation
     12.9 Recticel Nv/Sa
     12.10 Vita (Lux III) S.A.R.L
     12.11 Armacell International, Sa
     12.12 Foamcraft, Inc.
     12.13 Foampartner Group
     12.14 Fxi-Foamex Innovations
     12.15 Future Foam, Inc.
     12.16 Rogers Corporation
     12.17 UFP Technologies, Inc.
     12.18 The Woodbridge Group

13 Appendix (Page No. - 166)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Related Reports
     13.6 Author Details


List of Tables (97 Tables)

Table 1 Global Medical Foam Market Snapshot
Table 2 Medical Polymer Foam– Cost Structure Analysis
Table 3 Australia: Economic Outlook
Table 4 Brazil: Economic Outlook
Table 5 Canada: Economic Outlook
Table 6 Chile: Economic Outlook
Table 7 China: Economic Outlook
Table 8 France: Economic Outlook
Table 9 Germany: Economic Outlook
Table 10 India: Economic Outlook
Table 11 Iran: Economic Outlook
Table 12 Italy: Economic Outlook
Table 13 Japan: Economic Outlook
Table 14 Mexico: Economic Outlook
Table 15 New Zealand: Economic Outlook
Table 16 Russia: Economic Outlook
Table 17 Saudi Arabia: Economic Outlook
Table 18 South Korea: Economic Outlook
Table 19 Thailand: Economic Outlook
Table 20 U.K.: Economic Outlook
Table 21 U.S.: Economic Outlook
Table 22 Medical Foam Market Size, By Form, 2014-2026 (Kilotons)
Table 23 Medical Foam Market Size, By Form, 2014-2026 (USD Billion)
Table 24 Flexible Foam Segment, By Region, 2014-2026 (Kilotons)
Table 25 Flexible Foam Segment, By Region, 2014-2026 (USD Billion)
Table 26 Rigid Foam Segment, By Region, 2014-2026 (Kilo Tons)
Table 27 Rigid Foam Segment, By Region, 2014-2026 (USD Billion)
Table 28 Spray Foam Segment, By Region, 2014-2026 (Kilotons)
Table 29 Spray Foam Segment, By Region, 2014-2026 (USD Billion)
Table 30 Global Medical Foam Market Size, By Material Type, 2014–2026 (Kilotons)
Table 31 Global Medical Foam Market Size, By Material Type, 2014–2026 (USD Million)
Table 32 Polyurethane Segment, By Region, 2014–2026 (Kilotons)
Table 33 Polyurethane Segment , By Region, 2014–2026 (USD Million)
Table 34 Polystyrene Segment, By Region, 2014–2026 (Kilotons)
Table 35 Polystyrene Segment, By Region, 2014–2026 (USD Million)
Table 36 Polyvinyl Chloride Segment, By Region, 2014–2026 (Kilotons)
Table 37 Polyvinyl Chloride Segment, By Region, 2014–2026 (USD Million)
Table 38 Polyolefin Segment, By Region, 2014–2026 (Kilotons)
Table 39 Polyolefin Segment, By Region, 2014–2026 (USD Million)
Table 40 Others Segment, By Region, 2014–2026 (Kilotons)
Table 41 Others Segment, By Region, 2014–2026 (USD Million)
Table 42 Global Medical Foam Market Size, By Application, 2014–2026 (Kilotons)
Table 43 Global Medical Foam Market Size, By Application, 2014–2026 (USD Billion)
Table 44 Global Medical Foam Market in Medical Packaging, By Region, 2014–2026 (Kilotons)
Table 45 Global Medical Foam Market in Medical Packaging, By Region, 2014–2026 (USD Million)
Table 46 Global Medical Foam Market in Medical Devices & Components, By Region, 2014–2026 (Kiloton)
Table 47 Global Medical Foam Market in Medical Devices & Components, By Region, 2014–2026 (USD Million)
Table 48 Global Medical Foam Market in Prosthetic & Wound Care, By Region, 2014–2026 (Kiloton)
Table 49 Global Medical Foam Market in Prosthetic & Wound Care, By Region, 2014–2026 (USD Million)
Table 50 Global Medical Foam Market in Other Applications, By Region, 2014–2026 (Kiloton)
Table 51 Global Medical Foam Market in Other Applications, By Region, 2014–2026 (USD Million)
Table 52 Global Medical Foam Market Size, By Region, 2014–2026 (Kilotons)
Table 53 Global Medical Foam Market Size, By Region, 2014–2026 (USD Million)
Table 54 Asia-Pacific: Medical Foam Market, By Country, 2014-2026 (Kilotons)
Table 55 Asia-Pacific: Medical Foam Market, By Country, 2014-2026 (USD Million)
Table 56 Asia-Pacific: Medical Foam Market, By Type, 2014-2026 (Kilotons)
Table 57 Asia-Pacific: Medical Foam Market, By Type, 2014-2026 (USD Million)
Table 58 Asia-Pacific: Medical Foam Market, By Form, 2014-2026 (Kilotons)
Table 59 Asia-Pacific: Medical Foam Market, By Form, 2014-2026 (USD Million)
Table 60 Asia-Pacific: Medical Foam Market, By Application, 2014-2026 (Kilotons)
Table 61 Asia-Pacific: Medical Foam Market, By Application, 2014-2026 (USD Million)
Table 62 Europe: Medical Foam Market Size, By Country, 2014–2026 (Kilotons)
Table 63 Europe: Medical Foam Market Size, By Country, 2014–2026 (USD Million)
Table 64 Europe: Medical Foam Market Size, By Type, 2014–2026 (Kilotons)
Table 65 Europe: Medical Foam Market Size, By Type, 2014–2021 (USD Million)
Table 66 Europe: Medical Foam Market Size, By Form, 2014–2026 (Kilotons)
Table 67 Europe: Medical Foam Market Size, By Form, 2014–2026 (USD Million)
Table 68 Europe: Medical Foam Market Size, By Application, 2014–2021 (Kilotons)
Table 69 Europe: Medical Foam Market Size, By Application, 2014–2026 (USD Million)
Table 70 North America: Medical Foam Market Size, By Country, 2014–2026 (Kilotons)
Table 71 North America: Medical Foam Market Size, By Country, 2014–2026 (USD Million)
Table 72 North America: Medical Foam Market Size, By Type, 2014–2026 (Kilotons)
Table 73 North America: Medical Foam Market Size, By Type, 2014–2026 (USD Million)
Table 74 North America: Medical Foam Market Size, By Form, 2014–2026 (Kilotons)
Table 75 North America: Medical Foam Market Size, By Form, 2014–2026 (USD Million)
Table 76 North America: Medical Foam Market Size, By Application, 2014–2021 (Kilotons)
Table 77 North America: Medical Foam Market Size, By Application, 2014–2026 (USD Million)
Table 78 Latin America: Medical Foam Market Size, By Country, 2014–2026 (Kilotons)
Table 79 Latin America: Medical Foam Market Size, By Country, 2014–2026 (USD Million)
Table 80 Latin America: Medical Foam Market Size, By Type, 2014–2026 (Kilotons)
Table 81 Latin America: Medical Foam Market Size, By Type, 2014–2026 (USD Million)
Table 82 Latin America: Medical Foam Market Size, By Form, 2014–2026 (Kilotons)
Table 83 Latin America: Medical Foam Market Size, By Form, 2014–2026 (USD Million)
Table 84 Latin America: Medical Foam Market Size, By Application, 2014–2026 (Kilotons)
Table 85 Latin America: Medical Foam Market Size, By Application, 2014–2026 (USD Million)
Table 86 Middle East & Africa: Medical Foam Market Size, By Country, 2014–2026 (Kilotons)
Table 87 Middle East & Africa: Medical Foam Market Size, By Country, 2014–2026 (USD Million)
Table 88 Middle East & Africa: Medical Foam Market Size, By Type, 2014–2026 (Kilotons)
Table 89 Middle East & Africa: Medical Foam Market Size, By Type, 2014–2026 (USD Million)
Table 90 Middle East & Africa: Medical Foam Market Size, By Form, 2014–2026 (Kilotons)
Table 91 Middle East & Africa: Medical Foam Market Size, By Form, 2014–2026 (USD Million)
Table 92 Middle East & Africa: Medical Foam Market Size, By Application, 2014–2026 (Kilotons)
Table 93 Middle East & Africa: Medical Foam Market Size, By Application, 2014–2026 (USD Million)
Table 94 Expansions, 2011–2016
Table 95 New Product Launches, 2011–2016
Table 96 Acquisitions, 2011–2016
Table 97 Agreements & Collaborations, 2011–2016


List of Figures (85 Figures)

Figure 1 Medical Foam Market Segmentation
Figure 2 Medical Foam Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 Key Industry Insights
Figure 7 Breakdown of Primary Interviews
Figure 8 Polyurethane Estimated to Be the Largest Material Type Segment of the Medical Foam Market in 2016
Figure 9 Flexible Foam Estimated to Be the Largest Form of the Medical Foam Market in 2016
Figure 10 Medical Packaging Estimated to Be the Largest Application Segment of the Medical Foam Market in 2016
Figure 11 Medical Foam Regional Market Share
Figure 12 Increasing Demand From the Medical Packaging Application Expected to Fuel the Growth of the Market During Forecast Period
Figure 13 Medical Foam Market: Asia-Pacific Expected to Witness Highest Growth Between 2016 and 2021
Figure 14 Medical Packaging and Polyurethane Segments Contributed the Largest Share in the Global Medical Foam Market
Figure 15 The Medical Foam Market in India Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Asia-Pacific: Largest Market for Medical Foam Across All Applications, 2015
Figure 17 Medical Foam Market, By Application
Figure 18 Medical Foam Market, By Type
Figure 19 Medical Foam Market, By Form
Figure 20 Medical Foam Market, By Region
Figure 21 Drivers, Restraints, Opportunities & Challenges in Medical Foam Market
Figure 22 Medical Foam – Cost Structure Analysis
Figure 23 Flexible Foam Projected to Be Largest Segment By 2021
Figure 24 Polyurethane Projected to Be the Largest Segment in 2021
Figure 25 Asia Pacific to Be the Fastest Growing Market for Polyurethane During the Forecast Period
Figure 26 Asia-Pacific Projected to Be the Largest Market for Polystyrene in 2016
Figure 27 Asia Pacific to Be the Largest Contributor to the Growth of PVC During the Forecast Period
Figure 28 Asia Pacific to Contribute to the Maximum Growth of Polyolefins Between 2016 and 2021
Figure 29 Other Medical Polymers in Asia-Pacific Projected to Be Largest Segment By 2021
Figure 30 Medical Packaging Projected to Be the Largest Segment of Medical Foam Market By 2021
Figure 31 Medical Foam Market in Asia-Pacific Projected to Grow at Highest CAGR During the Forecast Period
Figure 32 Asia Pacific: the Dominant Market for Global Medical Foam Market in Medical Devices and Components Application, (2016–2021)
Figure 33 Prosthetic & Wound Care Projected to Be Largest Segment in Asia-Pacific By 2021
Figure 34 Asia-Pacific Projected to Lead Global Medical Foam Market in Other Applications During the Forecast Period
Figure 35 Global Medical Foam Market, By Region, 2015
Figure 36 Asia-Pacific Medical Foam Market Snapshot
Figure 37 China Medical Foam Market, 2016 & 2021
Figure 38 Japan Medical Foam Market, 2016 & 2021
Figure 39 India Medical Foam Market, 2016 & 2021
Figure 40 Indonesia Medical Foam Market, 2016 & 2021
Figure 41 Rest of Asia-Pacific Medical Foam Market, 2016 & 2021
Figure 42 Europe Medical Foam Market Snapshot
Figure 43 Germany Medical Foam Market, 2016 & 2021
Figure 44 France Medical Foam Market, 2016 & 2021
Figure 45 The U.K. Medical Foam Market, 2016 & 2021
Figure 46 Spain Medical Foam Market, 2016 & 2021
Figure 47 Italy Medical Foam Market, 2016 & 2021
Figure 48 Czech Republic Medical Foam Market, 2016 & 2021
Figure 49 Russia Medical Foam Market, 2016 & 2021
Figure 50 Rest of Europe Medical Foam Market, 2016 & 2021
Figure 51 North America Medical Foam Market Snapshot
Figure 52 U.S. Medical Foam Market, 2016 & 2021
Figure 53 Canada Medical Foam Market, 2016 & 2021
Figure 54 Mexico Medical Foam Market, 2016 & 2021
Figure 55 Latin America Medical Foam Market Snapshot
Figure 56 Brazil Medical Foam Market, 2016 & 2021
Figure 57 Argentina Medical Foam Market, 2016 & 2021
Figure 58 Rest of Latin America Medical Foam Market, 2016 & 2021
Figure 59 Middle-East & Africa Medical Foam Market Snapshot
Figure 60 Saudi Arabia Medical Foam Market, 2016 & 2021
Figure 61 South Africa Medical Foam Market, 2016 & 2021
Figure 62 Rest of the Middle-East & Africa Medical Foam Market, 2016 & 2021
Figure 63 Expansions: Leading Approach of Key Companies
Figure 64 Key Growth Strategies in Medical Foam Market, 2012–2016
Figure 65 Armacell GmbH: Leader in Growth Strategy, 2012-2016
Figure 66 The DOW Chemical Company Held Largest Share in Medical Foam Market in 2015
Figure 67 Medical Foam Market Developmental Share, 2012–2016
Figure 68 Geographic Revenue Mix of the Top Five Market Players
Figure 69 BASF SE: Company Snapshot
Figure 70 BASF SE: SWOT Analysis
Figure 71 The DOW Chemical Company: Company Snapshot
Figure 72 The DOW Chemical Company: SWOT Analysis
Figure 73 Bayer AG: Company Snapshot
Figure 74 Bayer AG: SWOT Analysis
Figure 75 Sekisui Chemical Co., Ltd.: Company Snapshot
Figure 76 Sekisui Chemical Co., Ltd: SWOT Analysis
Figure 77 Huntsman Corporation: Company Snapshot
Figure 78 Huntsman Corporation: SWOT Analysis
Figure 79 Trelleborg Ab: Company Snapshot
Figure 80 Trelleborg Ab: SWOT Analysis
Figure 81 Recticel Nv/Sa: Company Snapshot
Figure 82 Vita (Lux III) S.A.R.L: Company Snapshot
Figure 83 Armacell GmbH: Company Snapshot
Figure 84 Rogers Corporation: Company Snapshot
Figure 85 UFP Technologies, Inc.: Company Snapshot

The global medical foam market is projected to reach USD 30.89 Billion by 2026, at a CAGR of 8.2% from 2016 to 2026. The major factors expected to drive the demand for medical foam during the forecast period include, increasing aging population, increased shift towards technologically advanced products, and others. Another factor expected to drive the market is the increased healthcare expenditure by countries across the globe and their contribution to the overall GDP.

The medical packaging segment is estimated to lead the global medical foam market in 2016. This can be attributed to the high demand from the sterilized packaging industry, use of polymer foams for the cushioning of manufactured products to protect them from damage during handling and transportation.

Based on form, spray foam is the fastest growing segment in the medical foam market. Spray foams have been increasingly used in the wound care market in instant bandages. Coatings is another application where spray foams have been increasingly used in the medical foam market. One major advantage of spray foam over the other types of foams is, it is ready to use and does not require any additional molding that may be required in case of rigid and flexible foams, thus saving cost. Spray foams can be used in instant bandages in the areas where standard bandages and other wound care products cannot be used directly.

The Asia-Pacific region is estimated to lead the global medical foam market in 2016. The Asia-Pacific medical foam market is expected to witness high growth during the forecast period, owing to the increasing demand from countries, such as Japan, China, India, Indonesia, and others in the region and increasing investments in the healthcare sector in various countries. The market in the region is in a nascent stage, but offers huge growth potential, especially in China, Japan, India, and South Korea.

Medical Foam Market

Some of the factors that may restrain the growth of the market include, stringent norms and regulations imposed on the use of medical grade products that require high R & D expenditures, and others. The medical foam market is expected to grow at a high rate due to the increasing investments in the healthcare industry by various countries during the last few years.

BASF SE (Germany) is one of the most active players in the global medical foam market. The company expanded its business in different regions to increase its global reach, and to cater to the diversified demands of its customers. The company also entered into joint ventures to strengthen its market position in various regions. Armacell International, SA (Luxembourg), and UFP Technologies Inc. (U.S.) are also key players in the market, and both these companies undertook diverse growth strategies.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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