The global collagen biomaterials market is expected to grow at a significant CAGR during the forecast period (2024-2031). Collagen is a protein class, and collagen-based biomaterial applications are becoming increasingly popular in the tissue engineering field. The tissue engineered collagen biomaterial market is being driven by rigorous R&D activities in regenerative medicine and the increased use of collagen as a bone substitute. Collagen has become more popular as a bone substitute in recent years. Collagen has a wide range of functions. It aids in tissue development stimulation and also been discovered to be effective as a pain reliever in a variety of tissue and bone injuries. Another key factor driving the market includes the growing interest in using collagen in the wound healing process. In recent years, the number of people suffering from health problems such as poor bone mass and osteoporosis has increased dramatically. This, in turn, is driving the demand for collagen biomaterials, such as marine collagen bioactive peptides that supports in the absorption of zinc and calcium, which are essential components of bone and are beneficial for prevention of osteoporosis. Furthermore, the rising ageing population is likely to bring up new opportunities for global tissue engineered collagen biomaterials.
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Between 2012 and 2019, 1,897,050 hip and knee arthroplasty surgeries were conducted, according to the American Joint Replacement Surgical Registry (AJRSR). The growing number of joint replacement procedures is boosting demand for tissue engineered collagen biomaterials, which is driving the market growth. Another factor driving market growth is the rising number of sports-related injuries in children and adults resulting in bone repair or replacement procedures. Furthermore, the use of collagen in wound healing has a number of advantages in terms of boosting tissue growth and providing relief for a variety of bone and tissue injuries, which is driving the market.
Rising incidences of orthopedic disorders coupled with the rising joint replacement surgeries is primarily encouraging the market growth in the Asia-Pacific. With the passing age, bones become more prone to fractures and injuries that can lead to replacement of joint of the particular area. Japan market is expected to grow significantly owing to growing geriatric population in Japan, as 30.0% of the population is elderly inhabitant. In addition, according to Aging Asia Organization, Thailand is ranked as the third most rapidly ageing population in the world. The number of people aged 60 and over is 13 million, which is 20.0% of the population. This, in turn, is accelerating the growth of the global collagen biomaterials market.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Collagen Matrix Inc., Medtronic plc, and Advanced BioMatrix Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Collagen Biomaterials Market Report by Segment
By Type
- Bovine
- Porcine
- Marine
- Others
By Application
- Tissue Engineering
- Drug Delivery System
- Others
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