Research Nester published a report titled “Collagen Dressings Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global collagen dressings market in terms of market segmentation by dressing type, source, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global collagen dressings market is anticipated to grow with a CAGR of ~7% during the forecast period, i.e., 2023-2033. The market is segmented by source into bovine, porcine, avian and others. Out of these, the bovine segment is anticipated to garner the largest revenue by the end of 2033 with a current market share of 56%. It is backed by growing demand for bovine-based collagen dressings for diabetic neuropathy treatment for foot ulcers. Diabetes is more often associated with diabetic foot ulcers (DFUs). In a study in 2018, it was observed that 18 to 26% of diabetic people are prone to develop foot ulcers in their lifetime. Every year, there is 2% chance of developing foot ulcers in patients with diabetes. Additionally, to minimize the negative impacts of injuries such as infection and pain, bovine-based collagen biomaterials are becoming increasingly popular.
The global collagen dressings market is estimated to garner revenue of ~USD 2 billion by the end of 2033, up from revenue of ~USD 1 billion in the year 2022 backed by increasing wound prevalence among people. As observed, 2.20 people per 1000 were affected by chronic wounds of mixed etiology, whereas 1.50 people were affected by chronic leg ulcers. Furthermore, increasing incidences of surgical wounds, diabetic foot ulcers, increasing surgical procedures & healthcare expenditures along with improving R&D activities are some of the major factors anticipated to drive the growth of the market during the forecast period.
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Geographically, the global collagen dressings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in the North America region is projected to garner the largest revenue by the end of 2033 with a current market share of 37%. Increasing awareness of advanced wound care management products and enhanced development of wound care dressings by laboratories and pharmaceutical companies in the region are expected to drive the regional market. Additionally, technological advancements and the need for wound care products for chronic wound treatment, such as antibacterial collagen dressings, are further anticipated to propel the demand for collagen dressings in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Number of Road Accidents and Serious Injuries to Drive the Market Growth
The data released by World Health Organization states that, about 1.3 million people die in road traffic accidents each year. It is estimated that up to 50 million people suffer wound injuries, many of which result in disabilities.
Around the world, there is a high rate of road traffic injuries. The rising number of road accidents and serious injuries is expected to increase during the forecast period. This is expected to drive the global collagen dressings market growth.
However, higher price associated with the production of product along with storage complexities are expected to operate as key restraints to the growth of global collagen dressings market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global collagen dressings market which includes company profiling of 3M, Smith & Nephew, Integra Lifesciences, Coloplast Corp, Organogenesis, Inc., Hollister Incorporated, Essity Aktiebolag (publ), Angelini Pharma S.p.a., Medline Industries, Inc., DermaRite Industries, LLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global collagen dressings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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