“510 K clearance by the FDA A 510(k) is a premarket submission made to FDA to demonstrate that the device to be marketed is as safe and effective, that is, substantially equivalent, to a legally marketed device (section 513(i)(1)(A) FD&C Act). This is where foam formulations are registered with the FDA. It is important to remember that foam with an FDA master &64257;le means that the formulation is registered with the FDA. It does not necessarily mean that the foam is “medical grade.” Additional biocompatibility testing will determine whether or not the foam is appropriate for use in medical applications.”
According to the report, High demand for high-quality medical-grade foam that is suitable for multiple applications is one of the primary growth factors for the market. An increase in the aging population & the need for patient comfort is expected to drive the bedding & cushioning
is also expected to contribute significantly to the Medical Foam market. Overall, Medical Packaging
applications of Medical Foam, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the Medical Foam market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The By Form, such as Flexible Foam, is boosting the Medical Foam market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Medical Foam market identified that the demand is rising in many different parts of the world as "The rise in global healthcare expenditure". Furthermore, some recent industry insights like "In September 2019 Merit Medical introduced its new form of medical foam named Torpedo Gelatin Foam for Embolization of Hypervascular Tumors. It offers benefits to the general practitioner with a preshaped gelatin foam loaded into a cartridge with an optional blunt stylet, removing the need for manual foam shaping and providing fast and easy attachment to the catheter for delivery." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Medical Foam market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Foam market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Medical Foam market size is calculated using market estimation process, the Medical Foam market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Foam market size has been validated using both top-down and bottom-up approaches.