Global Medical Foam Market The GMI Researcht
The GMI Research asserts that the Medical
Foam Market will encounter a rapid growth over the forecast period due to
the rising number of medical instruments. The accelerating geriatric population
and their extensive application across medical industry to meet challenges in
medical environment will drive the market growth.
Medical Foam Market Dynamics
The increasing consciousness among individuals to emphasise
on periodic health and cleanliness as well as the augmentation in the medical
industry has stimulated the growth of the global medical foam market.
For example, according to the world health organisation, over 2 million devices
were divided into a group of 7,000 generic devices. Also, approximately 34% of
the 154 nations own a health technology policy that has remarkably raised the
market growth. Further, the favourable initiatives by the leading market
players, such as augmentation and adoption have supplemented the market growth.
For instance, SEKISUI CHEMICAL CO., LTD. commenced functions at its novel foam
plants in China and Thailand, which has paved the way for market growth.
Further, as per the Medical Foam
Market Report, the rise in healthcare spending is a crucial factor
contributing to the market growth. National health expenditures of U.S. is
projected to boost at a rate of 5.4% from the period of 2019-2028, which has
propelled the market growth. However, modernisations in the medical industry are
projected to introduce a superior and economical alternative which may further
hinder the Medical
Foam Market Share.
Foam Type Segment Drivers
The flexible foam is projected to bolster over the forecast
period. Flexible foam is mainly implemented in medical packaging, wound
dressing, and cushioning and bedding, which has fuelled the Medical
Foam Market Size.
The North America region is anticipated to lead the medical
foam market during the coming years. This is because of the mounting demand for
medical devices and better healthcare infrastructure in U.S. has propelled the
market growth. “The Commonwealth Fund” states that the US disburses more on healthcare
than any other nation, which is driving the market growth.
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