The Global Bovine Based Collagen For Biomedical Applications Market

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The Global Bovine based Collagen for Biomedical Applications Market was valued $784.1 Mn in 2020 and is expected to reach $1.2 Bn by 2026, at a CAGR of 8.4%.
Market Introduction and Overview

The Bovine based Collagen for Biomedical Applications Market in the US was valued US$212 million in the year 2020. China, the fastest-growing economy is expected to reach a market value of US$290.1 million by 2026. Other global markets such as Japan and Canada are expected to grow at a CAGR of 5.5% and 7.1% respectively. Among the European nations, Germany is expected to grow at a 6.5% CAGR.

The growing demand for bovine-based collagen in biomedical applications to treat various medical conditions is driving the market growth. Increasing demand for dental and orthopedic surgeries is fuelling the growth of this market. Increasing R&D activities for the development of wound healing & regenerative medicines are likely to trigger market growth in the coming years. Moreover, factors such as massive use of the products in cartilage repairs, wound dressings, bone graft substitutes, collagen-based scaffolds, skin substitutes ...
... and hemostats, rise in geriatric population, rise in burn and trauma cases and growth in demand for bovine based collagen products are also contributing to the market growth.

The use of Bovine based collagen in biomedical applications to treat various medical conditions like arthritis, osteoporosis, and improving skin health is augmenting the market growth. Bovine is made use of in different development stages such as fetal bovine dermis used for tendon reinforcement, skin and wound healing (in the form of collagen matrix); neonatal bovine dermis is used for hernia repair, plastic and reconstructive surgery; adult bovine pericardium for hernia repair and muscle flap reinforcement. Corneal collagen shields for ocular delivery has also been reported. Bandage soft contact lenses are made of hydrophilic plastics which are widely used to protect eyes with various problems, including non-healing epithelial defects after corneal transplantation or refractive surgery and recurrent epithelial erosions after ocular herpes infection.

However, the risk of disease transmission is a major restraint for market growth.

The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Bovine based Collagen for Biomedical Applications Market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.

The report has profiled ten key players in the market from different regions. However, report has considered all market leaders, followers, and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on the availability of advanced technology and new techniques.
Segment Analysis

By applications, the bone graft substitute segment is expected to grow at a CAGR of xx% in the forecast period. Bone graft procedures have been increasingly used in traumatology, tumor surgery, spine surgery, infection, and revision arthroplasty. In the US, approximately 500,000 bone graft procedures are performedannually. Bone substitutes have a diversity of composition, mechanical strength, and functional biological mechanisms. Graft substitutes for autologous bone are an appealing alternative. Substitutes include allograft, mineral composites, ceramics, mineral cement, bioactive glass, proteins, and growth factors. The use and availability of these productshave expanded exponentially. Factors such as increased blood loss, increased anesthesia time, and increased morbidity rate are demanding the need for bone graft substitutes, thereby driving the market growth. An increase in preference for collagen as a bone substitute due to its osteoinductive activity is the key factor boosting the segment growth.

Bovine based Collagen for Biomedical Applications Market

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The collagen-based scaffold segment is estimated to drive at a significant CAGR of xx% in the forecast period. The regional markets such as the US, Canada, Europe, China and Japan accounted for a combined market size of US$110.9 Million in 2020. Collagen-based scaffolds have been widely used for tissue engineering of a variety of tissues such as cartilage, bone, tendon, ligament, skin, blood vessels, nerve, bladder, and tooth. A wide variety of applications in diverse fields is boosting the segment growth at a faster pace.
Regional Insights

Bovine based Collagen for Biomedical Applications Market1

North America accounted for the largest share of xx% in 2020, the reason being the rising prevalence of bone-related disorders. Investments by key players in this field have boosted the market growth. Factors such as technological advancements, robust healthcare infrastructure, growing prevalence of bone disorders, and the presence of highly qualified and experienced surgeons are driving the region’s growth. Beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth.

The Asia Pacific is also expected to witness significant growth during the forecast period due to the increasing geriatric population and rising health care expenditures. The allocation of a large amount of healthcare expenditure for hospitals and dispensing medicines to the elderly is expected to drive the market demand.

The report also helps in understanding Global Bovine based Collagen for Biomedical Applications Market dynamics, structure by analysing the market segments and project the Global Bovine based Collagen for Biomedical Applications Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bovine based Collagen for Biomedical Applications Market make the report investor’s guide.
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Bovine based Collagen for Biomedical Applications Market2
By Region

• North America
• Europe
• Asia-Pacific
• Meddle East & Africa
• South America
Key players operating the Global Bovine based Collagen for Biomedical Applications Market

• BBI Solutions
• Symatese
• Gurnet Point Capital
• Viscofan BioEngineering (a part of Naturin Viscofan GmbH)
• Collagen Solutions LLP
• Botiss biomaterials GmbH
• Medtronic
• Taxus Cardium
• KYERON
• Collagen Matrix, Inc.

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Report Is Submitted By : Maximize Ma rket Research Company

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