(MENAFN- GetNews) Reports and Data has added a new investigative report on the Global Medical Foam Market that offers insightful data about market dynamics such as drivers and restraints, growth opportunities and prospects, current and historic data, segments and sub-segments, and recent technological advancements in the market.
The global medical foam market size is expected to reach USD 41.59 Billion in 2028 and register a revenue CAGR of 7.3% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising usage of medical foam products in the healthcare industry for applications such as patient and medical device cushioning, sealing in medical devices, and fluid management in long-term wear wound dressings. Medical foam is breathable, soft, stretchable, conformable, and durable.
The report provides market estimations such as market size, market share, revenue growth, and CAGR, and market analysis for the forecast period of 2021-2028. The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios. To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio.
Key companies in the report: The Dow Chemical Company, Sekisui Chemical Co., LTD., Huntsman Corporation, Trelleborg AB, BASF SE, Recticel NV, INOAC Corporation, UFP Technologies, Inc., FXI HOLDINGS, INC., and ARMACELL INTERNATIONAL S.A.
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Rising global population has led to increasing number of construction and building activities across the globe, in turn, driving demand for materials and chemicals. Availability of advanced finishing materials, environmentally sustainable raw materials and chemicals, and growing progress of plastics industry has significantly contributed to the revenue growth of the market. Chemicals and materials industry is a crucial part of the world economy and produces over 70,000 products that are needed across various end-use industries. Consumer products such as soaps, detergents, and cosmetics, along with electronic gadgets, automobiles, and paints & cosmetics, among others are in high demand across the globe and are majorly dependent on various types of chemicals and materials. International corporations are actively engaged in developing sustainable products to reduce carbon emissions and pollution and ensure safe operations of the facilities. These key factors have significantly contributed to market revenue growth and is expected to continue to do so going ahead.
For the purpose of this report, Reports and Data has segmented the global medical foam market based on material, foam type, application, and region:
Material Outlook (Revenue, USD Billion; 2018-2028)
Foam Type Outlook (Revenue, USD Billion; 2018-2028)
- Rigid Foam
- Flexible Foam
- Spray Foam
Application Outlook (Revenue, USD Billion; 2018-2028)
- Medical Packaging
- Bedding & Cushioning
- Prosthetics & Wound Care
- Medical Devices & Components
Key companies are focused on mergers and acquisitions, joint ventures, collaborations, partnerships, product launches, brand promotions, and R & D activities among others to cater to growing global demand and gain a strong foothold in the market. The report also analyzes the presence of key companies, their ventures, and investment and funding opportunities in key regions of the world including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study covers critical information and factual data about the Medical Foam industry along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. The report also covers SWOT analysis and Porter's Five Forces analysis to offer better understanding of the competitive landscape of the global Medical Foam market.
Key Features of Global Medical Foam Market:
- The report offers a deep insight into the market with expert data insights from the industry experts and analysts
- Dedicated focus on market growth and restraining factors
- Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments
- Current and emerging market trends and growth prospects
- A detailed market forecast covering 8 years from 2021 to 2028
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