USD 25.03 billion
Medical Foam Market Size, Share, Growth Analysis, By Type(Flexible, rigid and spray form), By Application(Bedding and cushioning, medical packaging, medical devices and components, prosthetics and wound care and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35B2107 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Medical Foam Market Insights
Medical Foam Market size was valued at USD 28.87 Billion in 2023 and is poised to grow from USD 31.01 Billion in 2024 to USD 54.89 Billion by 2032, growing at a CAGR of 7.4% during the forecast period (2025-2032).
Growing emphasis on the optimization of healthcare operations and growing emphasis on patient safety are projected to be key factors driving the demand for clinical alarm management going forward. Increasing emphasis on adoption of advanced technologies and modern monitoring techniques are also expected to bolster clinical alarm management market growth in the future. Imposition of stringent regulatory mandates and efforts to maintain compliance with the same are also expected to generate lucrative opportunities for clinical alarm management companies in the long run. Rising adoption of electronic medical records (EMRs) and advanced healthcare IT systems will also uplift the demand for clinical alarm management across the study period and beyond. Surging prevalence of chronic diseases and expanding geriatric population are estimated to be indirect factors promoting the sales of clinical alarm management products and solutions through 2031. On the contrary, complexity in integration with legacy systems, resistance to change, and alarm fatigue are some key constraints that are expected to inhibit clinical alarm management market outlook in the long run.
US Medical Foam Market is poised to grow at a sustainable CAGR for the next forecast year
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Flexible
Fastest Growth
Flexible
Growth Rate
7.4% CAGR
Global Medical Foam Market ($ Bn)
Country Share for North America Region (%)
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Medical Foam Market Segmental Analysis
Global Medical Foam Market is segmented by type, application, and region. Based on type, the market can be segmented into Flexible, rigid and spray form. Based on application, the market is segmented into Bedding and cushioning, medical packaging, medical devices and components, prosthetics and wound care and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Component
Demand for clinical alarm management solutions is forecasted to account for a dominant share of the global clinical alarm management industry. Increasing adoption of advanced monitoring technologies and growing popularity of connected care are also estimated to create new opportunities for market players in the long run. Increasing emphasis on reducing alarm fatigue in an increasingly complex healthcare landscape will also boost the demand for clinical alarm management solutions over the coming years. High demand for integration of advanced technologies with advanced monitoring techniques will further bolster the demand for improved clinical alarm management solutions through 2031 and beyond.
On the other hand, the demand for clinical alarm management services is anticipated to rise at a robust pace in the long run. The growing popularity of outsourcing in the healthcare industry is projected to primarily offer lucrative business scope for clinical alarm management companies operating in this segment going forward. Rising complexity of healthcare IT infrastructure and lack of skilled professionals to manage clinical alarm management systems will also bolster the demand for clinical alarm management services in the long run. Emphasis on minimizing risk in patient safety and care operations will also bolster the global clinical alarm management market forecast via this segment across the study period.
Analysis by End User
Hospitals and clinics are estimated to spearhead the adoption of clinical alarm management across the forecast period. The growing rate of hospitalization and rising investments in optimization of hospital operations to enhance productivity are slated to aid the dominance of this segment in the future. Rising use of advanced monitoring techniques and patient care technologies are also predicted to help this segment generate more revenue than others in the long run. Imposition of strict patient care regulations and growing emphasis on providing value-based care in hospitals is also estimated to create an opportune setting for clinical alarm management providers going forward.
Meanwhile, the demand for clinical alarm management in long-term care facilities is forecasted to rise at a notable pace in the future. The rapidly increasing geriatric population and their growing admission in long-term care facilities are also predicted to uplift the demand for clinical alarm management solutions and services over the coming years. Emphasis on improving safety in these facilities and growing demand for the resolution of alarm fatigue issues will also bolster clinical alarm management market development through 2031. High focus on improving response time and interaction times is also expected to promote the adoption of clinical alarm management solutions in this segment.
Global Medical Foam Market By Type
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Medical Foam Market Regional Insights
North America is anticipated to account for a dominant share of the global clinical alarm management market. The presence of a developed healthcare infrastructure, imposition of strict regulations for patient safety, and quick adoption of advanced healthcare technologies are projected to be key factors contributing to the high clinical alarm management market share of this region. Canada and the United States are estimated to emerge as the most opportune markets for clinical alarm management providers operating in this region going forward. Moreover, the presence of multiple key clinical alarm management providers such as GE Healthcare, Ascom, and Koninklijke Philips N.V. will also aid the dominance of this region.
Growing investments in healthcare infrastructure development in the Asia Pacific region are making it the fastest-expanding market for clinical alarm management providers around the world. Rising geriatric population, growing investments in healthcare infrastructure development, and increasing emphasis on improving patient care and safety are creating new opportunities for clinical alarm management market players in the future. India, China, and Japan are expected to be the top markets for clinical alarm management providers looking to make a mark in the Asia Pacific region going forward. Growing digitization of healthcare is also expected to be a key trend offering new opportunities for clinical alarm management companies operating in this region over the coming years.
Global Medical Foam Market By Geography
- Largest
- Fastest
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Medical Foam Market Dynamics
Drivers
Rising use of Advanced Monitoring Technologies
- Growing emphasis of healthcare providers to improve patient safety and care has led to high use of advanced monitoring technologies and products. The surge in use of such advanced patient monitoring devices and technologies has bolstered the importance of clinical alarm management to manage high volume of alarms without compromising on patient care.
Emphasis on Healthcare Workflow Efficiency Enhancement
- Healthcare organizations around the world are focusing on improving healthcare operations efficiency by optimizing workflows through the use of advanced technologies. Clinical alarm management systems can enhance efficiency of medical professionals by allowing them to prioritize their tasks as per alarm priority and patient care needs and requirements thus, improving patient care.
Restraints
Resistance to Change
- Healthcare professionals are quite hesitant to adopt new technologies such as clinical alarm management as they are quite acquainted with their traditional workflows. This resistance and hesitance to change coupled with concerns in terms of reliability are expected to impede the overall clinical alarm management market growth potential across the study period and beyond.
Complexity in Integration
- Clinical alarm management systems are quite advanced and a novel technology. This novel nature of these systems makes them quite challenging to integrate with older legacy systems and infrastructure used in most healthcare establishments thereby slowing down the global clinical alarm management market outlook in the future.
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Medical Foam Market Competitive Landscape
Clinical alarm management providers should focus on resolving the issue of integration with legacy systems to unlock the full growth potential of the clinical alarm management industry. Integration of advanced technologies with clinical alarm management solutions can also offer lucrative new opportunities for all market players in the long run. Launching new solutions and services will be a mainstay strategy for all clinical alarm management companies going forward.
Top Player’s Company Profiles
- 3M (US)
- General Plastics Manufacturing Company, Inc. (US)
- Huntsman International LLC. (US)
- Sekisui Chemical Co., Ltd. (Japan)
- UFP Technologies, Inc. (US)
- Zotefoams plc (UK)
- Avery Dennison Corp. (US)
- Rogers Corp. (US)
- Foamtec Medical (US)
- Armacell International Holding GmbH (Germany)
- BASF SE (Germany)
- Recticel NV/SA (Belgium)
- Nitto Denko Corporation (Japan)
- Inoac Corporation (Japan)
- Trelleborg AB (Sweden)
- Woodbridge Foam Corporation (Canada)
- FoamPartner Group (Switzerland)
- FXI Holdings Inc. (US)
- Sekisui Voltek, LLC (US)
- Vita Group (UK)
Recent Development
- In August 2024, Fanvil, a leading IoT solutions and system provider based in China announced the launch of its new nurse call system. The new V1.0 Beta system offers additional features and is built on Fanvil’s previous Alpha offering to enhance emergency care for patients and caregivers alike.
- In August 2024, Ascom, a leading Swiss telecommunication organization announced the launch of a new nurse call system. Telligence 7 is designed to enhance clinical workflows and is available in cloud deployment alternatives for easy and affordable implementation. The new system also comes with smart software for streamlined deployment for users.
- In April 2024, Lunderg, a medical equipment provider from India announced the launch of a new bed alarm system. The new system featuring Lunderg’s early-alert bed alarm technology is especially designed to improve care for elderly patients in long-term care facilities.
Medical Foam Key Market Trends
- Use of Artificial Intelligence and Machine Learning Technologies: Clinical alarm management companies can leverage the use of artificial intelligence and machine learning technologies to provide smart capabilities and automation. Use of these technologies will primarily help in reducing alarm fatigue and improving response times for healthcare professionals going forward. Focusing on this clinical alarm management market trend will be essential for all companies looking to make a mark in the future.
- Development of Cloud-based Clinical Alarm Management: Clinical alarm management companies should focus on the development of cloud-based solutions as their adoption is rising among all healthcare organizations. High scalability, remote access, and lower setup and operational costs are some key benefits offered by cloud-based clinical alarm management that make this a key trend for all clinical alarm management providers in the long run.
Medical Foam Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing emphasis on healthcare efficiency improvement and increasing use of advanced monitoring techniques are forecasted to uplift the demand for clinical alarm management in the future. On the contrary, resistance to change and complexity in integration are estimated to slow down the global clinical alarm management market outlook over the coming years. The presence of key clinical alarm management providers and an increasing geriatric population helps North America lead the global clinical alarm management demand. Use of artificial intelligence and development of cloud-based clinical alarm management solutions will create new opportunities for clinical alarm management companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 26.88 billion |
| Market size value in 2031 | USD 51.11 billion |
| Growth Rate | 7.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Foam Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Foam Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Foam Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Foam Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Foam Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Foam Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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