According to a market report by Lucintel, the future of the medical foam market looks promising with opportunities in the medical packaging, medical devices & components, and prosthetics & wound care applications. The medical foam market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are increasing production of sterilized medical packaging materials, rise in aging population, government funding and grants for the development of advanced medical foam products, and increased shift from traditional to advanced wound care products.
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In this market, flexible foam, rigid foam, and spray foam are the major Foam type. Flexible foam is the largest foam type.
Within the medical foam market, medical packaging, medical devices & components, prosthetics, and wound care are the major applications. Medical packaging is the largest segment for medical foam market. Polyurethane, polystyrene, polyvinyl chloride, and polyolefin are the major material type in the medical foam market.
Asia Pacific will remain the largest market over the forecast period due to growing demand for pharmaceutical and medical instruments for domestic use as well as exports.
Trelleborg AB, Inoac Corporation, Recticel NV, Vita S.à r.l., Armacell International, SA, Foamcraft Inc., FoamPartner Group, Future Foam Inc., UFP Technologies Inc., and Rogers Corporation are among the major manufacturers of medical foam.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical foam market by application, foam, material type, and region. Lucintel has prepared a comprehensive research report entitled "Medical Foam Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the medical foam market by foam, material type, application, and region as follows:
By Foam [$M shipment analysis for 2013 – 2024]:
Flexible Foam
Rigid Foam
Spray Foam
By Material Type [$M shipment analysis for 2013 – 2024]:
Polyurethane
Polystyrene
Polyvinyl Chloride
Polyolefin
Others
By Application [$M shipment analysis for 2013 – 2024]:
Medical Packaging
Medical Devices & Components
Prosthetics & Wound Care
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Others
Asia Pacific
China
India
Japan
South Korea
Others
ROW
Middle East & Africa
South America
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-foam-market.aspx or helpdesk@lucintel.com.
About Lucintel
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