The global medical foam market size was worth around USD 25.5 billion in 2021 and is predicted to grow to around USD 49.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2030.
FrequentlyAsked Questions
The increasing usage of medical foam in numerous applications, such as medical system cushioning and wound dressings, due to its various properties, such as excellent compression-set resistance, impact-absorbing and versatility, is favoring the market growth.
According to the report, the global medical foam market size was worth around USD 25.5 billion in 2021 and is predicted to grow to around USD 49.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2030.
The global medical foam market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the rising healthcare industry. Moreover, the increasing prevalence of chronic disease is another factor that propels the market expansion in the region.
The global medical foam market is dominated by players like Dow, BASF SE, SEKISUI CHEMICAL CO., LTD., Huntsman International LLC., Trelleborg AB, INOAC CORPORATION, Recticel, Foamcraft, Inc., FXI, Future Foam, UFP Technologies, Inc., Parafix Tapes & Conversions Ltd, UFP Technologies, Inc., Rynel, Alpha Foam Ltd., Joyce Foam Products., Global Medical Foam, Inc., among others.
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