The global Medical Foam Market report added by Reports and Data discusses in-depth the growth pattern of the market and vital elements influencing the growth of the market and offers critical insights into the market landscape of the Medical Foam market with regards to its market size and share in terms of volume and value. The report also discusses the competitive landscape, product developments, technological advancements, and changes in demands and trends of the industry. The report further sheds light on the key regions of the market and offers an explicit analysis of the regulatory framework, financial hurdles, demands and trends, and latest technological developments in the regions.
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This section of the report performs a thorough investigation into the intensely competitive landscape of the global Medical Foam market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.
Key companies operating in the market and profiled in the report include:
The Dow Chemical Company
Sekisui Chemical Co., LTD
UFP Technologies, Inc
FXI HOLDINGS, INC.
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Some Key Highlights from the Report
In March 2020, 3M launched 3M single coated medical white Polyolefin Foam Tape, which is easy to handle, fluid resistant, conformable, and a thinner version of 1773 foam tape. The single-sided medical tape consists of closed cell, medium white polyethylene foam, coated with a pressure sensitive acrylic adhesive. Applications of 3M single coated medical white polyolefin foam tape include first aid dressings, cushioning, and wound care dressings. It can also be utilized for healthcare or medical device construction and can be printed to create temporary tattoos.
Polymers segment is expected to account for largest revenue share in the global medical foam market over the forecast period owing to ability of polymers to provide excellent cushioning. Polymer foams have wide application areas due to resistance to impact, damping properties, high thermal insulation, and lightweight.
Flexible foam segment is expected to register significant revenue growth over the forecast period. Increasing utilization of flexible foam for patient and medical device cushioning, bedding, wound dressings, and medical packaging solutions is projected to continue to drive revenue growth of this segment.
Bedding cushioning segment is expected to account for a considerably robust revenue share in the global medical foam market. Rising prevalence of non-communicable diseases due to sedentary lifestyle and increasing geriatric population are expected to boost demand for bedding and cushioning, which in turn, is driving usage of medical foam.
The medical foam market in Asia Pacific is expected to register fastest revenue growth rate over the forecast period. Growth in the medical device industry and rising spending on public and private healthcare facilities in countries such as China and India are key factors driving rising demand for medical foam products for various applications in the healthcare industry.
Segments Covered in the report
Material Outlook (Revenue, USD Billion; 2018-2028)
Foam Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Prosthetics Wound Care
Medical Devices Components
Regional Outlook (Revenue, USD Billion; 2018-2028)
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