By Akhil Nair
Medical collagen is a conventionally used medical consumable in surgery that prevents adhesion, minimizes postoperative complications, accelerates wound healing, and acts as a filler. It is also suitable for wound hemostasis and surgical residual cavity filling.
According to Inkwood Research, the global medical collagen market is evaluated to register a CAGR of 6.35% with the growing demand for collagen in wound healing treatments and cosmetic surgeries. It helps in strengthening the bones and hastens healing post an injury, further increasing its market demands. In addition, medical collagen is used to heal wounds & burns, oral surgery, and tissue reconstruction, thereby offering market growth opportunities.
Medical Collagen Market | Segmentation Scope
Our experts have summarized the market analysis based on segmentation, including source, application, and product. Below is the compilation of key revenue-generating segments of the market from the above-mentioned categories:
Wound Care application had the highest market share of 25.55% in 2021.
The segment growth is attributed to the rising prevalence of chronic diseases and conditions impacting wound healing capabilities, the growing number of trauma injuries and road accidents, the increasing use of regenerative medicine in wound management, and the investments in wound care research.
Gelatine is the fastest-growing product with a CAGR of 6.53%.
Gelatine has varied applications in the market, including regenerative medicine. Also, it is used for environmental purposes that further boost market demands. In addition, there is a growing demand for gelatine as a food stabilizer, one of the segment’s primary growth drivers.
Besides, the increased market demands are attributed to gelatine’s rising use in the cosmetics industry. Moreover, its varied advantages like biodegradability, biocompatibility, high flexibility, and low immunogenicity contribute to its growing demands in the global market.
Top Market Trends
Evolving Healthcare Sector
Medical grade collagen is a substantial protein for connective tissues in the human body. It has vast applications in surgery and disease treatment. The shifting lifestyles have a major influence on individuals’ health. New diseases affect bones, tissues, and cells. Additionally, medical collagen has applications in orthopedics as it prevents breakdown, strengthens the bones, and helps tackle cartilage degeneration. Moreover, its properties like hydrophilicity and cell deposition render it useful for tissue generation.
Key Strategic Developments by Companies
The prominent players in the market include Integra Lifesciences, DSM, Italgel, Collagen, Matrix Inc, Gelita, etc. Strategic initiatives like acquisitions, product launches, mergers, collaborations, and capacity expansions by market players are set to increase the competitive rivalry in the market. For instance, Collage Matrix received US FDA approval in April 2019 for its innovative line of OssiMend mineral collagen composite bioactive moldable bone graft matrix.
Also, the large presence of players makes the market more fragmented in nature. At the same time, the companies are making significant investments in the research and development of biomaterials and medical devices.
Regional Implications
Inkwood Research’s growth analysis of the global medical collagen market includes the evaluation of North America, Asia-Pacific, Europe, and Rest of World. The socio-economic factors like the surging population, the growing per capita income, shifting lifestyles, and the increasing per capita income, industrialization, and urbanization, are among the major factors boosting market demands in different regions.
Asia-Pacific is anticipated to register the highest CAGR of 7.00% by 2030
The region’s growth is primarily attributed to the increasing health awareness and the resultant demand for products with health benefits. Also, the rising geriatric population in countries like Japan and China is set to drive the demand for collagen supplements, since these aid in alleviating joint pain.
North America had the largest revenue share of 39.64% in 2021
In North America, the presence of important market players, the growing aging population, the increasing collagen applications in the medical industry, and the rising product launches and FDA approvals propel market growth. At the same time, the region’s market growth is restrained by the availability of reliable substitute biomaterials.
Future Outlook
The expanding applications of medical collagen have majorly influenced segments like orthopedic, surgery, dental, and cosmetics. This is further pushing research organizations to study the behavior of cells and their interaction with other cells in the human body. Hence, given the traction and developments, pharmaceutical players are also encouraged in research funding, thereby facilitating lucrative prospects for the global medical collagen market.
FAQs:
Which is the prominent country in the global medical collagen market?
India is the prominent country in the global medical collagen market, attributed to the growing health awareness, increased supplement consumption, and product launched by market players.
Which is the leading collagen source in the global medical collagen market?
Porcine is the leading collagen source in the global medical collagen market.
Which is the leading product in the global medical collagen market?
Hydrolysed collagen is the leading product in the global medical collagen market.