According to the report published by Zion Market Research, global demand for Bovine-based Collagen for Biomedical Applications market was valued at approximately USD 660.4 Million in 2019, and is expected to generate revenue of around USD 1350 Million by end of 2026, growing at a CAGR of around 10.4% between 2020 and 2026. The report clams that rigorous R&D activities in wound healing & regenerative medicine and rise in commercialization of new collagen-based systems for drug delivery are expected to power the development of the global market for bovine-based collagen for biomedical applications in the years to come.
Major firms active in the global bovine-based collagen for biomedical applications market are Collagen Matrix, Inc., BBI Solutions, Gurnet Point Capital, Symatese, Collagen Solutions LLP, Viscofan BioEngineering, Medtronic, Botiss biomaterials GmbH, KYERON, and Taxus Cardium.
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The Bone-Graft Substitute Category Added Up For A Huge Share Of The Global Market
The global market for bovine-based collagen for biomedical applications has been divided into cartilage repair, bone graft substitute, hemostat, collagen-based scaffold, wound dressing, skin substitute, and others. The bone-graft substitute category added up for a huge share of the global market. It is expected to attain a lion’s share by 2025 and turn out to be an extremely lucrative category in the years to come. Growth of the category can be credited to the rise in inclination for collagen as a bone option owing to its osteoinductive activity. North America added up for the biggest share of the global market, after Europe. North America is expected to be a considerably lucrative region for bovine-based collagen goods in the years to come. The North American market is powered by rise in trauma & burn cases, increase in elderly population, and development in requirement for bovine-based collagen goods as skin substitutes, bone substitute, and cartilage repair.
Europe And North America Are Predicted To Power The Global Bovine-Based Collagen For Biomedical Applications Market In The Forecast Period
Europe and North America are predicted to power the global bovine-based collagen for biomedical applications market in the forecast period, due to increase in elderly population, rise in preference for minimally invasive techs, high inclination for bovine collagen as a substitute, and increase in trauma & burn cases. Companies are more and more operating in the global market. They also enter into distribution deals to strengthen their position all over the world. Rise in preference for minimally invasive techs is predicted to power the global market for bovine-based collagen for biomedical application in the years to come. Taxus Cardium in June 2017 got a patent defense on the Excellagen application in wound repair and tissue regeneration. Botiss biomaterials GmbH in March 2015 rolled out 3 innovative goods—collacone, maxgraft cortico, and an improved edition of mucoderm.
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The global bovine-based collagen for biomedical applications market is segmented as follows:
By Application Type
- Bone Graft Substitutes
- Cartilage Repairs
- Collagen-based Scaffolds
- Skin Substitutes
- Wound Dressings
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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