SAN FRANCISCO, July 29, 2020
SAN FRANCISCO, July 29, 2020 /PRNewswire/ -- The global medical foam market size is anticipated to reach USD 37.9 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 7.5% over the forecast period. The rising product demand from the bedding & cushioning, medical devices, packaging, and a few other application segments are expected to propel market growth. Moreover, the need for better healthcare facilities coupled with a rising number of hospitals has boosted the product demand in medical devices application, which is anticipated to drive the market over the forecast period.
Key suggestions from the report:
Read 110 page research report with ToC on "Medical Foam Market Size, Share & Trends Analysis Report By Foam Type (Flexible, Spray), By Product (PU, Polyolefin), By Application (Bedding & Cushioning, Medical Devices & Components), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/medical-foam-market
Medical foams are lightweight and have high flexibility, absorbency, and durability. Moreover, they offer excellent stain and fungal resistance and impact absorption. Due to these characteristics, medical foams are widely used in the healthcare sector in medical packaging, prosthetic padding, bedding and cushioning, wound dressing, medical aids, etc., which is also projected to drive the market.
Asia Pacific is expected to be the fastest-growing regional market owing to the increasing demand for high-quality medical devices and components from hospitals in major economies, such as China, India, and Singapore. Furthermore, the rising expenditure of various governments on public & private health systems and the growing geriatric population are fueling the demand for improved healthcare services and infrastructure, which, in turn, is expected to propel the product demand in the coming years.
Grand View Research has segmented the global medical foam market based on foam type, product, application, and region:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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