The global medical foam market size is anticipated to reach USD 37.9 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 7.5% over the forecast period. The rising product demand from the bedding & cushioning, medical devices, packaging, and a few other application segments are expected to propel market growth. Moreover, the need for better healthcare facilities coupled with a rising number of hospitals has boosted the product demand in medical devices application, which is anticipated to drive the market over the forecast period.
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Medical foams are lightweight and have high flexibility, absorbency, and durability. Moreover, they offer excellent stain and fungal resistance and impact absorption. Due to these characteristics, medical foams are widely used in the healthcare sector in medical packaging, prosthetic padding, bedding and cushioning, wound dressing, medical aids, etc., which is also projected to drive the market.
Asia Pacific is expected to be the fastest-growing regional market owing to the increasing demand for high-quality medical devices and components from hospitals in major economies, such as China, India, and Singapore. Furthermore, the rising expenditure of various governments on public & private health systems and the growing geriatric population are fueling the demand for improved healthcare services and infrastructure, which, in turn, is expected to propel the product demand in the coming years.
Key suggestions from the report:
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Grand View Research has segmented the global medical foam market on the basis of foam type, product, application, and region:
Medical Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Medical Foam Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Medical Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Medical Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
List of Key Players of Medical Foam Market
Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:
Extruded Polypropylene Foam Market – The global extruded polypropylene foam market size was estimated at USD 582.6 million in 2016.
Structural Foam Market – The global structural foam market size was estimated at USD 25.41 billion in 2016.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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