Collagen Dressings Market to Receive Overwhelming Hike in Revenues 2022-2031

Posted by Shrikant Mandlik on October 31st, 2022

Collagen Dressings Market Outlook 2031

  • The global collagen dressings market was valued at US$ 1.0 Bn in 2021
  • The global market is projected to grow at a CAGR of 5.5% from 2022 to 2031
  • The global collagen dressings market is anticipated to reach more than US$ 1.7 Bn by the end of 2031

Get Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41996

Global Collagen Dressings Market Introduction

Animal-based wound care dressings, including collagen dressings, are gaining traction across the world. High production costs and complexities involved in storing collagen dressings are expected to hamper the global collagen dressings market. The COVID-19 pandemic has had a negative impact on the global collagen dressings market. Lockdown and stay-at-home orders have led to a decrease in road traffic collisions (RTCs). This is likely to restrain the market during the forecast period. However, demand for of collagen dressings is expected to increase owing to their functional and biological properties. Collagen dressings are increasingly being used for wound healing and the matrix of biological tissues. Recent advancements in biomaterial sciences and rise in demand for effective wound care management have paved the way for animal-based collagen dressings.

Research activities, testing of new wound care management techniques, and usage of animal-based dressing materials have increased in the past few years. Multifunctional collagen dressings have gained considerable popularity over the last decade due to the desired and optimal functional properties of collagen dressings. This trend is expected to continue in the next few years. Furthermore, rise in adoption of Promogran Prisma dressings in hospitals is creating lucrative opportunities for manufacturers. Leading players in the market are analyzing the collagen dressings market trends to gain more revenue benefits.

Increase in Patient Pool of Chronic and Acute Wounds to Drive Global Market

Chronic wound does not heal in a logical sequence and in a predictable amount of time. Chronic wounds are more common in bariatric patients and people with diabetes or venous insufficiency. In a healthy population, it is not a problem, but underlying conditions such as malnutrition, stress, or metabolic syndrome predispose patients to chronic, non-healing wounds. The most common chronic wounds among people are surgical wounds, burns, diabetic foot ulcers, venous leg ulcers, and pressure ulcers. Rise in demand for diabetic foot ulcer treatment is expected to drive the collagen dressings market share. Thus, surge in number of patients with acute wounds is likely to augment the global collagen dressings market size during the forecast period.

Enquiry before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=41996

Rise in Demand for Wound Care Products to Fuel Global Collagen Dressings Market

Collagen plays an important role in wound healing. It provides tensile strength to the skin and attracts cells such as fibroblasts and keratinocytes. This encourages debridement, angiogenesis, and re-epithelialization. Additionally, collagen provides a natural scaffold or substrate for new tissue growth. Biologic wound care is a potential area of wound healing. Biological dressings, including collagen, offer benefits such as ease of application and natural, non-immunogenic, non-pyrogenic, hypo-allergenic, and painless treatment. Furthermore, it is impermeable to bacteria and creates a physiological interface between the wound surface and the environment. This results in better patient compliance, thus leading to an increase in the adoption rate of biological dressings. Therefore, demand for collagen-based products is rising in collagen dressings.

Get Custom Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=41996

Growth in Adoption of Advanced Wound Care Products to Propel Demand for Antimicrobial Collagen Dressings

In terms of dressing type, the global collagen dressings market has been classified into antimicrobial collagen dressings, alginate collagen dressings, hydrogel collagen dressings, native collagen dressings, and others. The antimicrobial collagen dressings segment held major share of the global collagen dressings market in 2021. This trend is expected to continue in the next few years. Increase in adoption of advanced wound care products among the global population is expected to propel the demand for antimicrobial collagen dressings.

Rise in Awareness about Naturally Occurring Bovine Collagen Derived from Cows to Propel Market

Based on source, the global collagen dressings market has been categorized into bovine, porcine, and others. The bovine segment is likely to dominate the global collagen dressings market during the forecast period. Bovine collagen is a naturally occurring protein in the connective tissue, bones, cartilage, and cow hides. Rise in awareness about the benefits of bovine collagen in dressings is projected to augment the market during the forecast period.

High Adoption of Wound Healing and Matrix of Biological Tissues Bolstering Hospitals Segment

In terms of end-user, the global collagen dressings market has been segregated into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment is projected to dominate the global collagen dressings market during the forecast period. Rise in prevalence of surgical wounds, burns, and ulcers in inpatient settings, especially in intensive care units (ICUs), is driving the hospitals segment.

Regional Outlook of Global Collagen Dressings Market

North America dominated the global collagen dressings market in 2021. The market in the region is anticipated to grow at a CAGR of 5.1% from 2022 to 2031 due to supportive government initiatives and increase in research & development activities in research labs and pharmaceutical companies. Moreover, the market is expected to be driven by the rise in adoption of collagen dressings.

The market in Asia Pacific is growing at a rapid pace owing to the increase in rate of diabetes, cancer, and infectious diseases in the region. Health care reforms by the Government of China, favorable regulatory environment, rapidly growing aging population, expansion in the pharmaceutical industry, healthcare innovations, and increase in number of diabetic patients in China are expected to augment the market in the region.

Analysis of Key Players in Global Collagen Dressings Market

The global collagen dressings market is consolidated, with a small number of large-scale vendors controlling the majority of the share. Firms are investing significantly in comprehensive research and development, especially new product development, primarily to introduce innovative products in the market. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players. 3M, Smith & Nephew, Integra Lifesciences Corporation, Coloplast Corporation, Organogenesis, Inc., Hollister Incorporated, BSN medical, Angelini S.p.a., Medline Industries, Inc., DermaRite Industries, LLC, Covalon Technologies Ltd., Human BioSciences, and Johnson & Johnson Services, Inc are the leading players operating in the market.

Key Developments in Global Collagen Dressings Market

  • In June 2022, Smith+Nephew announced that it had opened a new R&D manufacturing facility for advanced wound management
  • In July 2021, Integra LifeSciences announced that it had received an innovative technology contract from Vizient for its SurgiMend Collagen Matrix for Soft Tissue Reconstruction
  • In October 2019, 3M completed the acquisition of Acelity, Inc., a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand. The acquisition strengthened 3M’s position in the wound care market.
  • In August 2019, Medline Industries, Inc. announced the establishment of a new, larger Medline Mid-South distribution center in Southaven, Mississippi, U.S.
  • In April 2019, Smith+Nephew completed the acquisition of Osiris Therapeutics, Inc., a company delivering regenerative medicine products including skin, bone graft, and articular cartilage substitutes. The acquisition is expected to further grow and differentiate the group’s Advanced Wound Management portfolio.

Each of these players has been profiled in global collagen dressings market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

Like it? Share it!


Shrikant Mandlik

About the Author

Shrikant Mandlik
Joined: July 7th, 2022
Articles Posted: 168

More by this author