Bovine Based Collagen Market for Biomedical Applications by Application and Geography - Forecast and Analysis 2022-2026

The bovine based collagen market share for biomedical applications is expected to increase by USD 450.41 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.02%.

This bovine based collagen market for biomedical applications market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bovine based collagen market segmentation for biomedical applications by application (bone graft substitute, cartilage repair, collagen based scaffold, hemostat, and others) and geography (North America, Europe, Asia, and ROW). The bovine based collagen market for biomedical applications market report also offers information on several market vendors, including BBI Group Holdco Ltd., Botiss Biomaterials GmbH, Collagen Matrix Inc., Collagen Solutions Plc, Darling Ingredients Inc., Foodmate Co. Ltd., Kyeron BV, Medtronic Plc, Symatese, and Titan Biotech Ltd. among others.

What will the Bovine Based Collagen Market Size for Biomedical Applications be During the Forecast Period?

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Bovine Based Collagen Market for Biomedical Applications: Key Drivers, Trends, and Challenges

The increasing use of bovine-based collagen products for wound dressing is notably driving the bovine based collagen market growth for biomedical applications, although factors such as high risk of disease transmission may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bovine based collagen market industry for biomedical applications. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bovine Based Collagen Market Driver for Biomedical Applications

One of the key factors driving growth in the bovine based collagen market is the increasing use of bovine-based collagen products for wound dressing. Bovine-based collagen scaffolds are gaining traction for the management of challenging and complex wounds. Treating wounds with complexities such as exposed tendons or bones is challenging for medical practitioners. There is high usage of bovine dermal repair scaffold for treating complex difficult-to-heal wounds, such as chronic diabetic wounds, pressure ulcers, venous wounds, and wounds caused by trauma and surgery. The use of bovine-based collagen xenograft had an added advantage for the treatment of surgical scalp wounds as the xenograft is absorbed by the host tissue and does not need to be removed from the wound bed. Thus, the increased preference for cost-effective alternatives, such as bovine-based collagen products, will drive the growth of the global bovine-based collagen market for biomedical applications.

Key Bovine Based Collagen Market Trend for Biomedical Applications

The increasing prevalence of osteoporosis is another factor supporting the bovine based collagen market share growth. Osteoporosis is a condition that causes a loss of bone density. Osteoporosis is a condition that causes a loss of bone density and can increase the risk of developing fractures among patients. The condition leads to the microstructural deterioration of bone tissue and causes the bones to become fragile. The fractures caused by osteoporosis mostly occur in the spine. The prevalence of osteoporotic fractures is high among the age group of 65 and above. The geriatric population is increasing in various regions of the world. Thus, the demand for bovine-based collagen products, including bone-graft substitute and cartilage repair, is expected to increase for the treatment of patients suffering from osteoporosis. These market trends will drive the growth of the global bovine-based collagen market for biomedical applications.

Key Bovine Based Collagen Market Challenge for Biomedical Applications

The high risk of disease transmission will be a major challenge for the bovine based collagen market during the forecast period. Prion diseases are fatal neurodegenerative disorders, which have gained significant scientific importance due to the emergence of new forms of these diseases in animals as well as humans. Prion diseases, such as Creutzfeldt-Jakob disease (CJD), can be inherited or be transmitted through contact with infected bovine tissue such as during a transplant. Dural graft substitutes are used when the opening in the dura mater of the brain and spinal cord is too large to be sutured together. There are various ways in which the dura can become damaged. Even though bovine-based collagen has been recognized as a safe and biocompatible material, there is potential for the transmission of prion diseases such as CJD when materials of bovine origin are used. The increased risk of the transmission of CJD through bovine-based collagen products can act as a challenge in the market. It can negatively impact the growth of the global bovine-based collagen market for biomedical applications.

This bovine based collagen market for biomedical applications analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bovine based collagen market for biomedical applications as a part of the global biotechnology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bovine based collagen market for biomedical applications market during the forecast period.

Who are the Major Bovine Based Collagen Market Vendors for Biomedical Applications?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BBI Group Holdco Ltd.
• Botiss Biomaterials GmbH
• Collagen Matrix Inc.
• Collagen Solutions Plc
• Darling Ingredients Inc.
• Foodmate Co. Ltd.
• Kyeron BV
• Medtronic Plc
• Symatese
• Titan Biotech Ltd.

 

This statistical study of the bovine based collagen market for biomedical applications market encompasses successful business strategies deployed by the key vendors. The bovine based collagen market for biomedical applications market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Kyeron BV - The company offers bovine based collagen namely Powercol.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bovine based collagen market for biomedical applications market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bovine Based Collagen Market for Biomedical Applications Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bovine based collagen market for biomedical applications market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the biotechnology market includes the following core components:

• Research and Development (R&D)
• Manufacturing
• Transportation and logistics
• Marketing and sales
• Support services
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Bovine Based Collagen Market for Biomedical Applications?

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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for bovine based collagen for biomedical applications in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.

The strong market presence of leading vendors, the high prevalence of bone-related diseases, established healthcare infrastructure, and growing R&D activities regarding wound healing and regenerative medicines will facilitate the bovine based collagen market growth for biomedical applications in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional bovine-based collagen market for biomedical applications. The governments of various countries, such as the US, Canada, and Mexico, imposed nationwide lockdowns and COVID-related restrictions to curb the spread of the disease. In H2 2020, due to the introduction of vaccines, the number of COVID-19 cases decreased in the region. This led to the resumption of elective procedures in hospitals and other healthcare facilities. Thus, the regional demand for bovine based collagen products rebounded. Hence, the regional market will continue to witness growth during the forecast period.

What are the Revenue-generating Application Segments in the Bovine Based Collagen Market for Biomedical Applications?

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The bovine based collagen market share growth for biomedical applications by the bone graft substistue segment will be significant during the forecast period. Bone grafts can be used for orthopedic applications for growing new bones of the upper and lower extremities, such as hand, wrist, foot, and ankle. Various bovine based collagen products are available in the form of blocks, strips, and putties which can be used for bone-grafting procedures. The availability of a wide range of bovine collagen-based bone-graft substitutes will boost the growth of this market segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bovine based collagen market size for biomedical applications and actionable market insights on post COVID-19 impact on each segment.

 

Bovine Based Collagen Market Scope for Biomedical Applications
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.02%
Market growth 2022-2026	$ 450.41 million
Market structure	Fragmented
YoY growth (%)	7.80
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 38%
Key consumer countries	US, China, Germany, Canada, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BBI Group Holdco Ltd., Botiss Biomaterials GmbH, Collagen Matrix Inc., Collagen Solutions Plc, Darling Ingredients Inc., Foodmate Co. Ltd., Kyeron BV, Medtronic Plc, Symatese, and Titan Biotech Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bovine Based Collagen Market for Biomedical Applications Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive bovine based collagen market growth for biomedical applications during the next five years
• Precise estimation of the bovine based collagen market size for biomedical applications and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bovine based collagen industry for biomedical applications across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bovine based collagen market market vendors for biomedical applications

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