Medical Foam Market Analysis - Growth, Trends and Size 2022-27

According to the latest report by IMARC Group, “Global Medical Foam Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global medical foam market reached a value of US$ 26.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 40.31 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.

Medical foam is an antimicrobial product utilized in several medical devices, components, and support materials, such as wound dressing, pharmaceutical-grade gaskets, sealing, patient cushioning, surgical drapes, and fluid management. It is produced by utilizing polymers, metals, polystyrene foam, and cell polyurethane. Presently, it is available in flexible, rigid, and molded product types. It is also vastly employed in custom orthotics, prosthetic padding, and sealing ostomy equipment due to its flexibility, strength, and durability. In recent years, medical foam has gained traction as it provides compression relieving capacities that adapt to the patient’s body condition and assist in providing comfort and relaxation.

The market is primarily driven by the rising geriatric population prone to developing various chronic diseases. In addition, the patient recovery process plays a vital role post-surgery, and medical foam speeds up the recovery process as they are also widely utilized in bedding and cushioning products to enhance comfort, which represents another major growth-inducing factor. Additionally, the rising demand for medical foam in several applications, such as surgical drapes, wound dressings, and medical system cushioning, owning to its versatility, impact-absorbing, and excellent compression-set resistance, is accelerating the market growth. Other factors, including rising cases of epidemic outbreaks, such as coronavirus disease (COVID-19) and swine flu, significant expansion in the healthcare sector, and the shifting preference from conventional to advanced wound care products, are creating a positive market outlook.

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

The report has segmented the market on the basis of type, material, application and region.

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