Wilmington, Delaware, United States, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Analysts at Transparency Market Research (TMR) estimate the global collagen dressings market to register growth at a CAGR of 5.5% during the forecast period, from 2022 to 2031.
The government authorities of several developing nations across the globe are focusing on the reformation of their healthcare industry. This factor is fueling the sales growth in the collagen dressings market. Moreover, the market is being driven due to the presence of various supportive regulations in these nations, notes future market outlook for collagen dressings by TMR.
The global collagen dressings market is prognosticated to gain profitable prospects in the forthcoming years owing to many factors including the rapid expansion of the pharmaceutical industry, rise in the global older population, and technological advancements in healthcare industry. This aside, the market is expected to expand at rapid pace owing to a rise in the cases of diabetes across several developing nations including China, note analysts of a TMR report.
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Collagen Dressings Market: Key Findings
- Healthcare professionals today are inclining toward the use of latest wound care techniques in place of conventional dressing methods. This factor is resulting into profitable prospects in the collagen dressings market. Moreover, there has been a surge in the R&Ds in order to develop new therapies and treatment solutions for numerous disease conditions. Moreover, several organizations in the healthcare industry are increasing focus on the adoption of technological advancements, states a collagen dressings demand analysis by TMR. These factors are projected to play a key role in the overall development of the global collagen dressings market during the forecast period.
- Different stages of procedures in wound care management including inflammation, maturation, and proliferation are being evolving at a swift pace in the past few years. Moreover, key players in the collagen dressings market are developing next-gen wound care management methods and advanced collagen dressings for the treatment of treat skin lesions. Such initiatives are expected to drive the expansion opportunities in the global collagen dressings market in the near future. Hence, the market share for collagen dressings market is estimated to be valued at more than US$ 1.7 Bn by the end of 2031.
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Collagen Dressings Market: Growth Boosters
- Rise in the adoption of the animal-based wound care dressings such as collagen dressing is boosting the sales growth in the market
- Surge in the number of patients suffering from acute and chronic wounds is propelling the collagen dressings market
Collagen Dressings Market: Regional Analysis
- The North America collagen dressings market is expected to maintain its dominating position and expand at a CAGR of 5.1% during the forecast period. The market growth in North America is ascribed to the presence of favorable government initiatives and rise in R&Ds across research labs as well as the pharmaceutical industry
- The collagen dressings market in Asia Pacific is expected to show expansion at notable pace in the forthcoming years due to a rise in the prevalence of different diseases including cancer, diabetes, and infectious diseases in the region
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Collagen Dressings Market: Key Players
Some of the key players profiled in the report are:
- Smith & Nephew
- 3M
- Coloplast Corporation
- Integra Lifesciences Corporation
- Hollister Incorporated
- Organogenesis, Inc.
- Angelini S.p.a.
- BSN Medical
- DermaRite Industries, LLC
- Medline Industries, Inc.
- Human BioSciences
- Covalon Technologies Ltd.
- Johnson & Johnson Services, Inc.
Collagen Dressings Market Segmentation
- Dressing Type
- Antimicrobial Collagen Dressings
- Alginate Collagen Dressings
- Hydrogel Collagen Dressings
- Native Collagen Dressings
- Others
- Source
- Bovine
- Porcine
- Others
- Application
- Acute Wounds
- Surgical Wounds
- Burns
- Chronic Wounds
- Ulcers and Ischemic
- Diabetic Foot Ulcers
- Pressure Ulcers
- Others
- Infectious Wounds
- Ulcers and Ischemic
- Acute Wounds
- End-user
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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