2020-2027 Analysis and Review Collagen Sponge Market

Collagen Sponge Market

Collagen Sponge Market By Application (Wound Dressing Material, Bone & Cartilage Repair and Others), By End User (Hospital & Clinic, Ambulatory Surgical Centers and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

14-07-2020 REP-HC-5133 40 Tables 110 pages Format

The collagen sponge market was valued at USD 195.7 Mn by 2019. The rising prevalence of traumatic accidents worldwide primarily drives the collagen sponge market growth. Furthermore, the growing incidence of osteoporosis resulting in bone and cartilage damage further accentuates the market growth.

Collagen Sponge Market

Collagen sponge is generally formed by the freeze-drying process of aqueous collagen solution which is then subsequently sublimated by vacuum at low temperature. It is a highly porous and interconnected substance that is useful in the absorption of wound exudates, cell proliferation, optimum oxygen supply, enhance blood compatibility, etc. It is imperative to understand that the rate of resorption and antigenicity can be controlled by the crosslinking of the collagenous framework.

The major segments related to the collagen sponge market are: 

By Application (2017–2027; US$ Mn)

Wound Dressing Material

Bone & Cartilage Repair

Others

By End User (2017–2027; US$ Mn)

Hospital & Clinic

Ambulatory Surgical Center

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global collagen sponge market
  • The overall segmentation of the collagen sponge market, by application, end-user, and geography is minutely studied. Wound dressing material and hospital & clinic are dominating the application and end-user segments respectively
  • Rising prevalence of traumatic accidents causing skin burns and bone fractures worldwide
  • The constant rise in the number of the geriatric population suffering from osteoporosis resulting in fragile bone density and matrix causing frequent joint disorders

Report gist?

  • The study of the global collagen sponge market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of application and end-user and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical dressings manufacturers actively engaged in the production and marketing of collagen sponge due to the  rising prevalence of traumatic accidents worldwide
  • The report will benefit healthcare professionals engaged in the treatment of osteoporosis associated musculoskeletal disorders in the elderly population across the globe
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to the collagen sponge market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Wound dressing material is representing the largest market share in the application segment for the collagen sponge market. According to the latest statistics provided by the World Health Organization (WHO), annually 180, 000 deaths associated with skin burns are recorded worldwide. The majority of the victims belong to low and middle-income countries. Bone and cartilage repair will be showcasing exemplary market growth in the near future owing to the rising prevalence of osteoporosis in the elderly population across the globe and the growing incidence of musculoskeletal disorders among athletes competing in combat sports. As per the latest information provided by the International Osteoporosis Foundation (IOF), approximately 8.9 million fractures are occurring annually, which is equivalent to fracture per 3 seconds throughout the globe.

Hospitals and clinics are presently dominating the end-user segment for the collagen sponge market. A significant increase in the number of accidental skin burns increases the demand for collagen sponge wound dressings in the point of care center worldwide. Ambulatory surgical centers are expected to be growing at a rampant pace during the forecast period chiefly due to its ability to treat patients suffering with joint disorders and severe traumatic accidents in the far-flung remote areas.

North America is currently leading the geography segment for the collagen sponge market. The growing incidence of traumatic accidents causing skin burns and lacerating wounds primarily determines the collagen sponge market growth in the region. As per the latest information provided by the American Burn Association (ABA), annually more than 1.1. million burn cases require serious medical attention in the United States. Additionally, the affordable reimbursement scenario regarding the medical use of collagen sponge products further propels the market growth in the region. Europe is considered as the second-largest regional segment for the collagen sponge market on account of the nurturing regulatory environment provided by the European Medical Agency (EMA) regarding the sale and distribution of collagen sponge products in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment for the collagen sponge market owing to the constant rise in the geriatric population suffering from osteoporosis associated with bone and cartilage damage and increasing the medical tourism industry pertaining to orthopedic surgery in the Asia Pacific region.

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