Medical Foam Market Outlook - 2027
The global medical foam market was valued at $23.6 billion in 2019, and is projected to reach $38.1 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
Medical grade foams are mainly used in healthcare industry for various applications such as hydrophilic dressing, medical supports, medical braces, and others. It includes properties such as softness, lightweight, water resistance, durability, and versatility making it a suitable foam material for protective packaging purposes. Moreover, medical foams are also utilized in custom orthotics, body underfoot pressure relief equipment, prosthetic padding, and sealing ostomy equipment. Medical industry utilizes medical foams such as heat & moisture exchange foams in medical breathing equipment, wound dressing foams for hydrophilic dressing, PVA foams for enhancing healing process after surgery, and hydrophilic foams for anti-scar dressing. Polyethylene medical foam and cross linked polyethylene foams are majorly used for protective packaging of medical equipment. Open cell foam includes polyurethane foams, polyethylene foam, and Metallocene foam. Polyurethane foam is used for medical protective packaging that requires abrasion resistance and in cushioning purposes. Polyethylene foam is used in specialized orthopedic insole applications owing to its maximum comfort level and helps podiatrists to diagnose foot pressure easily.
The global medical foam market is driven by increase in utilization in protective packaging of valuable medical devices and allograft implants. Medical foam also plays a vital role during patient recovery after major surgeries; thus, major key-players are focusing on product development and manufacturing cost-effective medical foam in order to meet the rising demand in the medical sector. Moreover, medical wearables need protective enclosure system in order to work efficiently, offer protection from damage, to enhance comfort level to patients, and appear aesthetically pleasing. Hence, medical foams are used as an alternative to silicones in medical wearables and manufacturers are concentrating more on factors such as size of medical devices, length, and disposability during manufacturing of medical foams. The demand for medical foam is expected to grow in the near future; owing to its use in wound care as patient recovery process plays an important role after surgery and helps to speed up the recovery process. Hence, the global medical foam market size is expected to witness steady growth during the forecast period. In addition, recent market trends such as utilization of medical foams in MRI vests owing to its properties such as MRI and X-ray lucent is predicted to augment the demand of the market. Macro-economic factors, such as rising concern about standard medical solution and rise in number of hospitals are expected to boost the demand for medical foam during the forecast period.
The medical foam market analysis is done based on type, material, application and region. Based on the type, the global medical foam market is segmented into rigid, flexible, and molded. Based on material, the global market is segmented into polymer, metal, and other. Based on application, the global medical foam market is segmented into packaging, bedding and cushioning, device and components, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific region accounts for the largest share in the global market, followed by Europe and North America. The major companies profiled in this report include UFP Technologies, Technical Foam Services Limited, Freudenberg Performance Materials s.a.s, Apollo Foam Limited, General Plastics Manufacturing Company, Draka Interfoam B.V., Advanced Medical Solutions Group plc, Transcontinental Advanced Coating, Foamtec Medical, and Global Medical Foam.
Medical foam market, by region
The Asia-Pacific medical foam market size is projected to grow at the highest CAGR of 6.6% during the forecast period and accounting for 48.3% of medical foam market share. Rise in number of hospitals, growing medical tourism sector, and growing number of elderly population are the major medical foam market growth drivers in this region. Key-players in Asia-Pacific region are considering various factors such as wound size, location, wound duration, and depth of wound in order to manufacture suitable medical foam to treat wounds effectively.
By Region
Asia-Pacific exhibits CAGR of 6.6% during 2020-2027
Medical foam market, by type
In 2019, the flexible medical foam segment was the largest revenue-generating segment and is anticipated to grow at CAGR 6.7% in the forecast period.
By Type
Flexible Medical Foam is projected as the most lucrative segment
Medical foam market, by material
In 2019, the polymer segment was the largest revenue-generating segment, and is anticipated to grow at CAGR of 6.4% during forecast period.
By Material
Polymer Medical Foam is projected as the most lucrative segment
Medical foam market, by application
In 2019, the bedding and cushioning segment was the largest revenue-generating segment and is predicted to grow at a CAGR of 5.7% in the predicted period of time.
By Application
Packaging Application exhibits CAGR of 6.9% during 2020-2027
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current medical foam market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Impact Of Covid-19 On The Global Medical Foam Market
- The COVID-19 pandemic has negatively affected the global economy and is subsequent shrinking the GDP in global economies, thereby changing consumer spending patterns globally.
- Number of patients being admitted to hospitals has increased due to rising number of COVID-19 infections. Thus, there is rise in the demand of medical foam.
- COVID-19 infected patients require a long time to recover, thus rising number of beds have surged the demand for the medical foam market despite the outbreak.
- Severely infected people from COVID-19 require breathing systems in order to cope up with the infections. This is also a major factor that has enhanced the utilization of medical foam to support breathing equipment and anesthesia equipment.
- PPE kits beings majorly used by heath care professionals have pushed the demand of medical foam as it is utilized in the production of PPE kits owing to its softness and flexibility.
Medical Foam Market, by Type Report Highlights
| Aspects | Details |
 By Type |
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 By Material |
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 By Application |
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 By Region |
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 Key Market Players | Draka Interfoam B.V., Transcontinental Advanced Coatings, UFP Technologies, Technical Foam Services Limited, Advanced Medical Solutions Group plc, Global Medical Foam, Freudenberg Performance Materials s.a.s, Foamtec Medical, Apollo Foam Limited, General Plastics Manufacturing Company |
Analyst Review
According to the opinions of various CXOs of key-players, the global medical foam market is heading toward an expansion phase owing to increasing number of hospitals globally. Need of protective packaging of valuable medical devices owing to its cell size and ability to abrasion resistance is another major factor that is predicted to enhance the demand of the market according to CXOs. Furthermore, such types of polymer foams can be easily assembled for arm rests, head rests, hospital beds, and cushioned instrument panel. Such wide range of applications of polymer foams is expected to garner significant market growth.
The global medical foam market presents promising opportunities for cosmetic cover in limb prostheses, diabetic footwear, and braces owing to its lightweight and flexibility characteristics. PU grade medical foam has higher demand in cleaning of medical rooms in order to minimize the risk of germ spread during post and pre surgery operations. Additional properties such as non-adherent, and non-linting, which helps to create moist environment that aids conductive healing process during wound care. In addition, they include barrier property against bacterial infection that often tends to rise after surgery. Other uses of medical foam such as in wheelchair pads and hip protector pads have enhanced the demand for the medical foam market.
Growing number of aged population, need of enhanced patient comfort, and rising need of protective packaging of medical devices are the key factors boosting the market growth.
The medical foam market size is projected to reach $38.1 billion by 2027.
UFP Technologies, Technical Foam Services Limited, Freudenberg performance Materials s.a.s., Apollo Foam Limited, General Plastics Manufacturing Company, Draka Interfoam B.V., Advanced Medical Solutions Group plc, Transcontinental Advanced Coatings, Foamtec Medical, and Global medical Foam are the top companies in the medical foam industry.
Asia-Pacific region dominated the market share and is projected to rise with healthy CAGR in the forecast period.
The market is expected witness steady market growth during forecast time frame.
Rising number of government and private hospitals has boosted the demand of medical foam industry and this is the major growth factor in the market.
Bedding & cushioning and device & components applications are expected to drive the adoption of medical foam market.
COVID-19 will impact positively on the global medical foam market. This is attributed due to • Number of patients being admitted to hospitals has increased due to rising number of COVID-19 infections. Thus, there is rise in the demand of medical foam. • COVID-19 infected patients require a long time to recover, thus rising number of beds have surged the demand for the medical foam market despite the outbreak. • Severely infected people from COVID-19 require breathing systems in order to cope up with the infections. This is also a major factor that has enhanced the utilization of medical foam to support breathing equipment and anaesthesia equipment. • PPE kits beings majorly used by heath care professionals have pushed the demand of medical foam as it is utilized in the production of PPE kits owing to its softness and flexibility
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