Medical Foam Market Size, Share, Opportunities, And Trends By Type (Molded, Flexible, Rigid, Spray), By Material (Polystyrene, Polyolefin, Polyurethane, Polyvinyl Chloride, Others), By Application (Device and Component, Packaging, Bedding and Cushioning, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Jan 2024
- Report Code : KSI061616568
- Pages : 148
The medical foam market is anticipated to expand at a high CAGR over the forecast period.
Medical foam refers to a versatile and specialized material utilized in various healthcare applications. Comprising a lightweight and porous structure, medical foam is designed to offer properties such as cushioning, support, and absorbency. It is commonly used in wound care products, orthopedic devices, and medical dressings, providing comfort, protection, and moisture management. The composition of medical foam can vary, with materials like polyurethane, silicone, and hydrocolloids being common choices. The unique characteristics of medical foam make it adaptable for use in diverse medical settings, contributing to patient comfort and effective treatment outcomes.
Market Drivers
- An increasing need for bedding and cushioning is observed in hospitals.
Specially designed for patients in hospitals or those requiring healthcare, hospital beds, and cushions are anticipated to experience a surge in demand in the foreseeable future. This increased demand is expected to drive the growth of the medical foam market, encompassing hospital beds, seat cushions, and various bed accessories like pillows, headrests, neck supports, and shoulder supports. The expanding healthcare sector, marked by the establishment of new healthcare facilities, is likely to further stimulate the demand for bedding and cushioning products. The rising number of hospital beds, exemplified by initiatives such as NHS England's plan to add 5,000 permanent hospital beds in the next two years, is poised to contribute to the increased demand for hospital bed and cushion segments. Additionally, the introduction of new hospital facilities, as demonstrated by partnerships like the one between the International Finance Corporation and Egyptians for Health Care Services (EHCS) to develop CapitalMed in Cairo, is expected to support the growth of this segment by enhancing healthcare services.
- The increasing favorability of less invasive medical procedures.
The market is experiencing growth due to the increasing popularity of minimally invasive procedures. Techniques like laparoscopic surgeries, endoscopic interventions, and catheter-based treatments have become highly favored over traditional open surgeries, mainly because of their numerous advantages. Medical foam plays a vital role in supporting and facilitating these minimally invasive procedures by providing cushioning and support. This helps protect delicate tissues and organs, with foam products like trocar sleeves, lap pads, and endoscopic positioning aids ensuring optimal positioning and stability for successful outcomes. Additionally, medical foam contributes to patient comfort by reducing post-operative pain and promoting quicker recovery. Its ability to conform to irregular shapes, absorb fluids, and provide insulation during procedures enhances efficiency. With the growing demand for minimally invasive techniques, there is an increasing need for specialized foam products tailored to these procedures, driving market growth as manufacturers focus on developing innovative foam solutions to meet specific requirements.
North America is anticipated to hold a significant share of the medical foam market
The increasing prevalence or significant impact of cancer and other chronic diseases in North America is expected to drive market growth. As per the American Cancer Society's Cancer Facts and Figures 2023, the projected number of new cancer cases in the United States stands at 1.96 million, with 1.01 million anticipated in males and 0.95 million in females. This highlights the substantial burden of cancer, elevating the likelihood of hospitalizations and contributing to market expansion throughout the forecast period. Additionally, the rising burden of the elderly population, more susceptible to chronic diseases requiring hospitalization, is poised to further support market growth. According to statistics from the United States Census Bureau released in March 2023, the country had 55,892,014 individuals aged 65 and above, accounting for 16.8% of the total population of 331,893,745.
Market Developments
- In January 2023, Convatec introduced ConvaFoam, an innovative foam dressing specifically crafted to meet the requirements of healthcare professionals and their patients. ConvaFoam proves to be a convenient option for wound care and skin protection, offering versatility by applying to various types of wounds throughout different stages of the healing process.
- In August 2023, Xiromed LLC unveiled the release of Betamethasone Valerate Foam, 0.12%, a generic equivalent to Luxiq®. This foam, classified as a medium potency topical corticosteroid, is designed to alleviate the inflammatory and itching symptoms associated with corticosteroid-responsive skin conditions on the scalp.
Company Products
- Flexible Foam- General Plastics offers open-cell flexible polyurethane foams that exhibit efficiency in absorbing energy at a consistent and controlled rate. The flexible foam sheets from this company are applicable either in series or parallel configurations to alleviate static stress on flexible shock-attenuation material. These foams are capable of disrupting resonance or altering shock-pulse frequencies.
- Recticel Bari Form®- The applications of this product span across various settings, including hospitals, care homes, and home care. It is particularly well-suited for individuals considered at "high risk" of developing pressure ulcers, with an extended weight capacity of up to 394kg. The design caters to accommodating higher body weights and wider bed bases, making it suitable for everyday use in acute, community care, and domestic environments. Key features include a weight limit of up to 394 kg, high-resilient, high-load-bearing polyurethane foams providing a softer support surface, a two-way turning mattress, closure fabric protection against chlorine, a multi-stretch cover, anti-bacterial treatment, water vapor permeability, a 3-way zipped cover with sewn seams, white inner fabric, audit box, rotation cycle information, and care and cleaning instructions printed on the cover. Moreover, the interior materials comply with the Furniture & Furnishings (Fire safety) Regulations 1988, and the mattress meets the requirements of BS7177:2008 for Medium Hazard and is CE-labelled 93/42/EEC/Class 1.
Market Segmentation
- By Type
- Molded
- Flexible
- Rigid
- Spray
- By Material
- Polystyrene
- Polyolefin
- Polyurethane
- Polyvinyl Chloride
- Others
- By Application
- Device and Component
- Packaging
- Bedding and Cushioning
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Process
2.2. Research Data
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MEDICAL FOAM MARKET, BY TYPE
5.1. Introduction
5.2. Molded
5.3. Flexible
5.4. Rigid
5.5. Spray
6. MEDICAL FOAM MARKET, BY MATERIAL
6.1. Introduction
6.2. Polystyrene
6.3. Polyolefin
6.4. Polyurethane
6.5. Polyvinyl Chloride
6.6. Others
7. MEDICAL FOAM MARKET, BY APPLICATION
7.1. Introduction
7.2. Device and Component
7.3. Packaging
7.4. Bedding and Cushioning
7.5. Others
8. MEDICAL FOAM MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. American Excelsior Company
10.2. SEKISUI CHEMICAL CO. LTD.
10.3. General Plastics Manufacturing Company, Inc.
10.4. Recticel
10.5. Rogers Corporation
10.6. Allied Aerofoam, LLC
10.7. Parafix Tapes & Conversions Ltd
10.8. Joyce Foam Products
10.9. VPC Group
10.10. Mölnlycke Health Care AB
American Excelsior Company
SEKISUI CHEMICAL CO. LTD.
General Plastics Manufacturing Company, Inc.
Rogers Corporation
Allied Aerofoam, LLC
Parafix Tapes & Conversions Ltd
Joyce Foam Products
VPC Group
Mölnlycke Health Care AB
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