Growing demands from the medical device industry propel the growth of the global medical collagen market
“Global Medical Collagen Market”
Inkwood Research estimates that the global medical collagen market is expected to grow with a CAGR of 6.35% in terms of revenue over the forecast years 2022-2030.
“Browse through 57 market data tables and 48 figures spread across 205 pages, plus an in-depth TOC of Global Medical Collagen Market Forecast 2022-2030.”
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Collagen is the most abundant protein in the human body which forms a scaffold to provide structure and strength. Its production decreases with age. Some types of collagen are tougher than steel. Additionally, medical collagen is used in wound dressings to attract new skin cells to wounds. It is secreted by a number of cells, but mainly by connective tissue cells.
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Growing demand from the medical device industry is driving the growth of the market
The health sector is the main end user of medical collagen. It is used in medical devices for burns, wounds, surgeries, etc. Some of the devices made for hospitals are used to retain the shape of tissues, in which collagen technology is used. When it comes to surgery, collagen eliminates wrinkles due to age. It is also used in wound dressings, where it facilitates the growth of new tissue when applied to the wound. Additionally, collagen helps heal rotting/necrotic wounds that release fluid.
In addition, collagen is used as purified collagen. For this, the collagen tissues are first disorganized and made soluble using an enzymatic digestion process which separates the regions of cross-linking, leaving the triple helix intact. Therefore, the growing demand from the medical device industry is a key growth driver.
Bovine is the most revenue-generating source of collagen
A bovine collagen is a protein form derived from cows. It is credited with various health benefits like preventing bone loss, improving skin health, and relieving arthritis. Additionally, bovine collagen supplements help combat the effects of lower collagen levels. Additionally, it is rated to relieve symptoms of osteoarthritis. Additionally, it is considered an important nutrient source that rebuilds the rapidly dividing cells lining the inside of the intestine.
North America: the most revenue-generating geographical area
The presence of eminent market players and their business processes to enhance their product portfolio to support consumer demands is a key growth driver of the North American market. Also, there is a growing preference for a healthy lifestyle and health-enhancing products. Additionally, there is a growing demand for dietary supplements, increasing growth opportunities.
Market rivalry is high, with companies acquiring and merging with smaller companies to grow their businesses and market their presence globally. Some of the leading companies in the market include Jellagen, Integra LifeSciences, Italgel, Lapi Gelatine, etc.
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GLOBAL BIOMATERIALS MARKET
GLOBAL AMNIOTIC MEMBRANES MARKET
GLOBAL CARTILAGE DEGENERATION MARKET
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