Global Collagen Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2023

Posted on 2018-05-04 by Mark Hub in Healthcare // 0 Comments

Albany, USA, 2018-May-04 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Collagen Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Collagen Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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Global collagen market is led by players such as Collagen Solutions plc, Taxus Cardium Pharmaceuticals Group, botiss biomaterials GmbH, Baotou Dongbao Bio-Tech Co. Ltd., Medtronic plc, Kyeron B.V., Nippi, Inc., and Collagen Matrix, Inc. Leading players are striving to come up with myriad product offerings for most of the applications of collagen. There exists a very small number of global players. The market is extremely fragmented where regional and small players are giving tough competition to large well-established ones by offering competitively priced products.

According to MRRSE, the global collagen market will be worth US$9.37 bn the end of 2023. On the basis of source of collagen, bovine and porcine are currently leading as these sources are used for a number of applications. However, during the forecast period, it is expected that there will be a decline in the consumption of collagen from both these sources on account of the increasing concerns regarding transmission of diseases as well as allergic reactions. Therefore, it is anticipated that the market for marine collagen will increase during the assessment period. The marine collagen source segment is anticipated to expand at a 11.6% CAGR between 2015 and 2023 by volume.

On the basis of geography, it is anticipated that Asia Pacific will emerge as the most promising market during the forecast period. The rising involvement of governments towards boosting the awareness regarding the health benefits of collagen is increasing in Asia Pacific which in turn is favouring the growth of the collagen market. Technological advancements and an increase in the capacity of manufacturing are some of the other factors leading to a growth of the collagen in market in Asia Pacific. The Asia Pacific collagen market is anticipated to expand at a 10.7% CAGR between 2015 and 2023.

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According to a leading MRRSE analyst, “rising preference for minimally invasive surgery is the primary factor boosting the growth of the global collagen market.” The rising demand for collagen products full moon healing applications on account of the biodegradability as well as ease of availability will also boost the growth of the global collagen market.

The use of collagen in wound healing products has led to biotechnology and pharmaceutical companies to invest extensively in research and development so that they can enhance the efficiency of existing collagen products. Market players are also attempting to tap on opportunities in developing nations where it will be beneficial to commercialize advanced and new drug delivery systems and other collagen based products. An important factor stoking the growth of the collagen market, is the increasing geriatric population. Around 56% of the total geriatric population in the world was based in Asia as per a 2015 report. This number is only expected to increase to 60% by 2030. This is expected to make Asia Pacific a lucrative market for collagen.

The report also profiles major players in the collagen market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, recent developments, and pipeline analysis along with a general overview of clinical trials in collagen market. Key players in the global collagen market are Collagen Solutions plc, Baotou Dongbao Bio-Tech Co. Ltd., botiss biomaterials GmbH, Medtronic plc, Nippi, Inc., Kyeron B.V., and Collagen Matrix, Inc., and Taxus Cardium Pharmaceuticals Group.

The global collagen market is segmented into the following categories:

Collagen Market, by Sources
- Bovine
- Porcine
- Chicken
- Marine
- Others
Collagen Market, by Application
- Drug Delivery Systems
  - Collagen Shields
  - Collagen Sponges
  - Sustained Drug Delivery Products
  - Transdermal patches
  - Others
- Tissue Engineering
  - Skin Replacement
  - Bone Substitutes
  - Others
Collagen Market, by Geography
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - Rest of Europe
- Asia Pacific (APAC)
  - China
  - Japan
  - Rest of APAC
- Latin America (LATAM)
  - Brazil
  - Mexico
  - Rest of LATAM
- Rest of the World (RoW)
  - South Africa
  - Rest of RoW

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