14, 2016 /PRNewswire/ — “The global medical foam market size is projected to reach USD 30.89 billion by 2026″ The global medical foam market is projected to grow from USD 14.06 billion in 2016 to USD 30.89 billion by 2026, blog here at a CAGR of 8.2% from 2016 to 2026. The key factors expected to drive the growth of the market include, the high demand for the production of sterilized medical packaging materials, growth in the aging population providing a sizeable customer base for medical foams, government funding and grants for the development of advanced medical foam products, and the increased shift from traditional to advanced wound care products in various regions. “Polyolefin: The fastest growing segment of the market, based on material type” Based on material type, the medical foam market is segmented into polyurethane, polystyrene, polyvinyl chloride, polyolefin, and others. The polyolefin segment was the fastest growing segment in the global medical foam market in 2015. Polyolefins are used in a wide range of medical applications including dilators, introducers, packaging, film, and molded components. Polyolefins offer good biocompatibility, http://madeveoon.journalnewsnet.com/the-recent-reebok-adidas-merger-poses-a-great-challenge-to-devise-new-marketing-strategies-to-continue-leading-or-recede-to-oblivion chemical resistance, and lubricity, while offering acceptable tensile strength and impact properties. “Medical packaging: The largest application segment” Medical packaging was the largest application segment in the global medical foam market, having accounted for the largest market share in 2015. This large share can be attributed to the increased usage of medical foam in medical packaging which offers higher compatibility with many sterilization methods, high degree of shock absorption, temperature controlled solutions, and at minimal cost. Polyurethane and polyethylene foams are the most preferred types of foam used in the medical industry for packaging.
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