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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.
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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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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