The Collagen and Gelatin Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Collagen and Gelatin Market is estimated to be USD 5.4 billion in 2018 and predicted to rise to USD 8.46 billion by 2023 with a CAGR of 9.4%. The market is segmented by source ( bovine, porcine, marine and others) , by application ( orthopedic applications, wound care, cardiovascular applications and others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Increased prevalence of chronic diseases, rising geriatric population and the widespread use of gelatin and collagen in regenerative medicine is driving the market growth. Collagen is being used in various drugs and medical devices which in turn is driving the market growth. Collagen is also being used for wound healing which is stimulating the growth of the market. However, collagen obtained from bovine and porcine sources carry the risk of disease transmission which is acting as a restraint to the market growth.
The market for Collagen and Gelatin is broadly categorized into source and application. By source the market is divided into bovine, porcine, marine and others. Bovine segment accounts for a major share of the market revenue due to its low cost and easy availability. By application the market is segmented into orthopedic applications, wound care, cardiovascular applications and others. Orthopedic application is predicted to hold a major share of the market revenue. Wound care segment is predicted to grow at a high CAGR.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Collagen and Gelatin market was dominated by North America while Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Some of the major companies dominating the market, by their products and services include LifeSciences Holding Corporation (U.S.), Collagen Solutions plc (U.K.), Vornia Biomaterials, Ltd. (Ireland), Collagen Matrix, Inc. (U.S.), GELITA AG (Germany), Nitta Gelatin, Inc. (Japan), and PB Gelatin (Belgium), Royal DSM (Netherlands), Integra SYMATESE (France), and NuCollagen, LLC. (U.S.).
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