GITNUX MARKETDATA REPORT 2024

Medical Foam Industry Statistics

The medical foam industry is expected to experience steady growth driven by increasing demand for advanced wound care products and surgical equipment.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics shaping the dynamic landscape of the medical foam industry. From the increasing use of polyolefin and bio-based foams to the market trends in wound care applications and PPE manufacturing, these statistics provide valuable insights into the growth and opportunities within this sector.

Statistic 1

"Polyolefin foams are increasingly being used in medical packaging applications."

Statistic 2

"The use of bio-based foams in the medical sector is growing due to environmental concerns."

Statistic 3

"Polyurethane foams hold the largest market share in the medical foam industry."

Statistic 4

"The market for medical foams is witnessing innovation in flame retardant properties."

Statistic 5

"Medical foams are widely used in wound care applications, such as bandages and dressings."

Statistic 6

"Increasing healthcare expenditure globally is propelling the growth of the medical foam market."

Statistic 7

"The medical foam industry was valued at approximately $27 billion in 2020."

Statistic 8

"The COVID-19 pandemic has increased the demand for medical foams in PPE manufacturing."

Statistic 9

"Rigid foam is used primarily in structural and packaging applications in the medical sector."

Statistic 10

"The disposable medical foam segment is growing rapidly due to hygiene concerns."

Statistic 11

"Sale of anti-microbial medical foams is on the rise due to increasing infection control measures."

Statistic 12

"North America accounted for over 30% of the global market share in 2020."

Statistic 13

"The patient cushioning application holds a significant portion of the market."

Statistic 14

"Flexible foam is preferred in applications requiring high levels of comfort and cushioning."

Statistic 15

"The medical foam market in Europe is expected to witness steady growth due to advanced healthcare infrastructure."

Statistic 16

"The demand for sterilized medical packaging is fueling the growth of the medical foam industry."

Statistic 17

"Polyvinyl chloride (PVC) foams are commonly used in medical device components."

Statistic 18

"Technological advancements in foam structures are enhancing product performance."

Statistic 19

"The Asia-Pacific region is projected to see the highest growth rate by 2028."

Statistic 20

"The industry is expected to grow at a CAGR of 5.1% from 2021 to 2028."

In conclusion, the medical foam industry is experiencing significant growth and innovation driven by the increasing usage of polyolefin and bio-based foams in packaging and medical applications, the dominance of polyurethane foams, and the rising demand for flame retardant, anti-microbial, and disposable medical foams. The industry’s expansion is further fueled by factors such as the surge in healthcare spending globally, heightened hygiene concerns, and the impact of the COVID-19 pandemic on PPE manufacturing. With regions like North America and Europe holding substantial market shares and advanced healthcare infrastructures, the industry is poised for steady growth, with the Asia-Pacific region expected to lead in growth rates in the coming years. Technological advancements in foam structures and the focus on sterilized packaging are further enhancing the industry’s product and performance standards, marking a positive outlook with an estimated CAGR of 5.1% from 2021 to 2028.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.