Global Medical Foam Market

GMI Research analysis indicates that the Medical Foam Market size was estimated at USD 29.5 billion in 2022 and is slated to register a single digit CAGR of 6.2% over the forecast period, and is projected to reach USD 47.7 billion in 2030

Medical Foam Market Overview

Medical foam products are used in the healthcare industry for several applications such as gasketing and sealing in medical devices, patient cushioning and fluid management in long-term wear wound dressings. With the growing healthcare industry and increasing number of medical devices, the medical foams’ demand is expected to increase in the coming years

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Major Medical Foam Market Drivers

Rising global healthcare expenditure is the major factor which is expected to drive the medical foam market. National health expenditures of U.S. is expected to grow at rate of 5.4% from the period of 2019-2028, which has enrolled to the growth of the medical foam market. Expansion of the medical device sector coupled with rising awareness among the consumers focus periodic health and periodic cleanliness is anticipated to surge the demand for the medical foam over the period. For instance, according to WHO, more than 2 million devices in the market are further categorized into 7000 generic devices group. More than 34% of the 154 countries have a health technology policy that has substantially driven the growth of the market. In addition, the players’ strategic initiatives in the market like expansion, acquisition, have driven the growth of the market. SEKISUI CHEMICAL CO., LTD. in 2018 started operations at its new foam plants in China and Thailand, which has substantially contributed to the growth of the market.

Restraint in the Medical Foam Market

However, advancements in the medical industry may soon come with an better and cost-effective alternative which may hamper the growth of the market.

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Foam Type – Segment Analysis

Based on the foam type, flexible foam is expected to grow at a higher CAGR in the market over the forecast period. Flexible foam is used in cushioning and bedding, medical packaging, and wound dressing, which has substantially contributed to the growth of the market.

Application – Segment Analysis

Based on the application, bedding and cushioning segment is expected to dominate the market over the forecast period. This is due to the rising demand for bed accessories, seat cushioning and hospital beds such as pillow support, shoulder support, neck etc. which is expected to drive the overall market. In addition, pandemic has led to the increased demand for the product.

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Regional – Segment Analysis:

Based on the region, North America is expected to dominate the medical foam market. This is due to the rising demand for medical devices coupled with the increased healthcare infrastructure in U.S. which has boosted the demand for the market. U.S. spends more on healthcare than any other country, as stated by “The Commonwealth Fund”, which has driven the growth of the medical foam market.

Top Market Players

Various notable players operating in the market, include, BASF SE, Dow, SEKISUI CHEMICAL CO., LTD., Huntsman International LLC., Trelleborg AB, INOAC CORPORATION, Recticel, Foamcraft, Inc., FXI, Future Foam, among others. 

Key Developments:

• • In 2020, Future Foam acquired a new foam poring facility in Kent Wash, which has helped the company in improving the quality of the service.

Segments covered in the Report:

The global medical foam market has been segmented based on foam type, application, and regions. Based on foam type, the market is segmented into flexible and spray. Based on application, the market is segmented into bedding & cushioning, medical devices & components. 

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Report Coverage	Details
Market Revenues (2022)	USD 29.5 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Foam Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Dow, SEKISUI CHEMICAL CO., LTD., Huntsman International LLC., Trelleborg AB, INOAC CORPORATION, Recticel, Foamcraft, Inc., FXI, Future Foam, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Medical Foam Market by Foam Type

• • Flexible
  • Spray

Global Medical Foam Market by Application

• • Bedding and Cushioning
  • Medical Devices and Components

Global Medical Foam Market by Region

• • North America Medical Foam Market (Option 1: As a part of the free 25% customization)

    • By Foam Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Medical Foam Market (Option 2: As a part of the free 25% customization)

    • By Foam Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Medical Foam Market (Option 3: As a part of the free 25% customization)

    • By Foam Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Medical Foam Market (Option 4: As a part of the free 25% customization)

    • By Foam Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Medical Foam (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Dow
  • SEKISUI CHEMICAL CO., LTD.
  • Huntsman International LLC.
  • Trelleborg AB
  • INOAC CORPORATION
  • Recticel
  • Foamcraft, Inc.
  • FXI
  • Future Foam