August 2nd, 2021
Global Medical Foam Market
The GMI Research forecasts that the Medical Foam Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the Rising global healthcare expenditure, expansion of the medical device sector, and increasing awareness among the consumers focus on periodic health and periodic cleanliness.
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Introduction of the Medical Foam Market
Medical foam products are the products implemented across healthcare industry for several applications like gasketing and sealing in medical devices, patient cushioning and fluid management in long-term wear wound dressings.
Key Players of the Global Medical Foam Market:
· Future Foam
· Foamcraft, Inc.
· INOAC CORPORATION
· Huntsman International LLC
· Trelleborg AB
· SEKISUI CHEMICAL CO., LTD.
· BASF SE
Medical Foam Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The surging spending on healthcare across the world is one of the crucial factors driving the growth of the global medical foam market. The U.S.'s National health expenditure will expand at a rate of 5.4% throughout 2019-2028. Also, the growth of the medical device sector, along with the augmenting consciousness in individuals to emphasize periodic health and cleanliness, will strengthen the medical foam market size. In accordance with the World Health Organisation, more than 2 million devices in the market are further classified into a group of 7000 generic devices, and more than 34% of the 154 countries have a health technology policy, which has considerably promoted the market share. Moreover, the strategic initiatives by leading players, which include enlargement and acquisition, have raised the market growth. In 2018, SEKISUI CHEMICAL CO., LTD. commenced operations at its latest foam plants in China and Thailand, stimulating market growth. However, innovations in the medical industry may soon discover an improved and profitable substitute, obstructing medical foam market share.
Medical Foam Market Segmentation:
Segmentation by Foam Type:
Segmentation by Application:
· Bedding and Cushioning
· Medical Devices and Components
Segmentation by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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