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Medical Foam Market by Material Type, Form, Application, and Region - Global Forecast to 2026

Medical Foam Market: Global Forecast until 2026

  • November 2016
  • 177 pages
  • ID: 4450351
In this report:
The global medical polymer foam market, by application is expected to grow from ##,##.## KT in 2015 to ##,##.## KT by 2021, at a CAGR of ##.##% from 2016 to 2021.
The medical polymer foam market in medical packaging segment is expected to grow from ##.## KT in 2015 to reach ##.## KT by 2021, at a CAGR of ##.##% between 2016 and 2021.

Summary

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"The overall medical foam market size is projected to extend ~$30.9B by 2026"

The overall medical foam market is forecasted to grow from ~$14.1B in 2016 to ~$30.9B by 2026, at a compound annual growth rate (CAGR) of 8.20 percent from 2016 to 2026. The main key factors presumed to drive the increase of the market contain, the large demand for the production of sterilized medical packaging materials, increase in the aging population providing a sizeable customer base for medical foams, government funding and grants for the development of advanced medical foam products, and the increased shift from traditional to advanced wound care products in several areas.

"Polyolefin: The quickest increasing segment of the market, established on material type"

Established on material type, the medical foam market is broken down into polyurethane, polystyrene, polyvinyl chloride, polyolefin, and others. The polyolefin segment was the fastest-growing segment in the overall medical foam market in 2015. Polyolefins are used in a wide range of medical applications including dilators, introducers, packaging, film, and molded components. Polyolefins offer good biocompatibility, chemical resistance, and lubricity, while offering acceptable tensile strength and impact properties.

"Medical packaging: The most important application segment"

Medical packaging was the biggest application segment in the overall medical foam market, having accounted for the biggest market share in 2015. This big share can be accredited to the increased usage of medical foam in medical packaging which offers higher compatibility with many sterilization methods, high degree of shock absorption, temperature controlled solutions, and at minimal cost. Polyurethane and polyethylene foams are the most preferred types of foam used in the medical market for packaging. The rise in the overall demand for medical and pharmaceutical packaging is driving the medical foam market.

"Asia-Pac: The quickest-rising regional market for medical foam"

The Asia-Pacific medical foam market is anticipated to be the quickest developing market. The territory was the biggest market for medical foam in 2015, and has high increase potential in India (IN), China (CN), and Japan (JP). The increase in the manufacture of pharmaceutical products and medical instruments for domestic use as well as exports drive the medical foam market. The growing demand for high-quality products, growing population, and increasing end-use sectors have led to innovations and advancements in the sector.

Key players' distribution profiles:

- By Company Type: Tier 1 - 11.0 percent, Tier 2 - 33.0 percent, and 1/3 3 - 56.0 percent

- By Designation: Director Level - 10.0 percent, C Level - 20.0 percent Others - 70.0 percent

- By area: Europe - 33.0 percent North America - 25.0 percent, Asia-Pacific - 25.0 percent, RoW - 17.0 percent

As a part of qualitative analysis, the study offers a comprehensive review of the main market drivers, market restraints, alternatives, and opportunities. It also considers the competitive strategies approved by various market players, including, The DOW Chemical Company, BASF SE, Bayer AG, Sekisui Chemical Co, Limited, Huntsman Corporation, 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.

Segment Research

The analysis offers an study of the medical foam market across different areas. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including form, application, and material type. Moreover, the market research also comprises a detailed competitive analysis of the top players in the industry together with their company descriptions, SWOT study, recent evolutions, and key industries strategies. The overall report includes key regions, like North America, Europe (EU), Asia Pacific (APAC), Latin America area, and the Middle East (ME) & African continent, together with country-level review.

Why acquiring this study can help you::

This industry report includes the following main aspects:

- The market value by 2021 and the projected increase rate.

- The key market forecasts.

- The main key factors projected to drive the sector.

- The opportunities that impact market increase.

- The top players in this sector.

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