The global collagen dressing market size is anticipated to reach USD 570.06 million by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.96% from 2023 to 2030. This can be attributed primarily to the increase in the number of people suffering from various chronic disorders such as venous leg ulcers, diabetic foot ulcers, and pressure ulcers. For instance, according to the Agency for Healthcare Research and Quality, every year, more than 2.5 million U.S. residents suffer from pressure ulcers. These are associated with serious infections; therefore, the use of collagen dressing is expected to increase over the forecast duration.
Moreover, a rise in the number of people suffering from leg ulcers may further propel the market growth. For instance, as per NCBI, around 1.5 – 3.0 people in 3,000 have an active leg ulcer at any given point. Similarly, according to the National Health Service, venous leg ulcers are estimated to affect about one in 500 residents in the U.K., thereby boosting the market over the forecast period.
Furthermore, the rising number of surgical procedures is expected to increase the demand for the market. For instance, as per the British Journal of Anaesthesia, approximately 3,102,674 surgical procedures were carried out in the U.K. in the year 2021. Similarly, according to Australian Institute of Health and Welfare, 754,600 patients were admitted for surgery from the public hospital elective surgery waiting list. Thus, the market is expected to grow during the forecast period.
In addition, the number of people suffering from diabetes is increasing year by year. For instance, according to the International Diabetes Federation, the prevalence rate of diabetes among adults in Spain is 14.8%. Moreover, as per the same source, around 537 million people globally have diabetes. The rise in number of diabetes is increasing the risk of diabetic foot ulcers, thereby impelling market growth.
The decline in the COVID-19 population is further anticipated to fuel the growth of the market. Companies in this market are opting for various strategies such as partnerships and distribution agreements to enhance their customer reach during the post COVID-19 period. For instance, in October 2021, Medline launched the Post-Acute Infection Prevention Program. This will be a consultative program that will be focused on post-acute infection prevention. The company will work with the customer to create and provide them with a customized plan regarding best practices for infection control. Moreover, Medline opened 5 new distribution centers in 2021, whereas two more distribution centers are projected for completion in the year 2022. Therefore, such instances are expected to boost the growth of market over the forecast period.
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Collagen Dressing Market Report Highlights
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In terms of form, the gel segment held the largest share of 26.40% in 2022 owing to its compatible nature and better outcome
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Based on source, bovine dominated the market for collagen dressing with a share of 41.76% in 2022 and is anticipated to witness the fastest growth rate over the forecast period
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In terms of type, antimicrobial collagen dressing dominated the market with a market share of 45.89% in 2022, whereas alginate collagen dressing is projected to witness the fastest growth rate over the forecast period
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Based on application, acute wounds segment dominated with the largest market share in 2022. However, chronic wounds segment is expected to grow at fastest CAGR of 5.10%. This can be attributed to rise in number of people suffering from various chronic ailments such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers
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The hospital dominated the end-use segment in 2022, whereas home healthcare is anticipated to witness the fastest growth rate of 5.67% over the forecast period. This can be attributed to rising awareness among people with respect to availability of collagen dressing
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North America is expected to dominate the global market in 2022. However, Asia Pacific is projected to have a fastest growth rate of CAGR 5.55% during the forecast period. This can be credited to presence of large target population base in countries such as China & India
Collagen Dressing Market Segmentation
Grand View Research has segmented the global collagen dressing market based on form, source, type, application, end-use, and region:
Collagen Dressing Form Outlook (Revenue, USD Million, 2018 – 2030)
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Gel
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Pads
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Powder
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Sheet
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Others
Collagen Dressing Source Outlook (Revenue, USD Million, 2018 – 2030)
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Bovine
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Equine
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Others
Collagen Dressing Type Outlook (Revenue, USD Million, 2018 – 2030)
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Antimicrobial Collagen Dressing
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Hydrogel Collagen Dressing
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Alginate Collagen Dressing
Collagen Dressing Application Outlook (Revenue, USD Million, 2018 – 2030)
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Chronic Wounds
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Diabetic foot ulcers
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Pressure ulcers
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Venous leg ulcers
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Other chronic wounds
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Acute Wounds
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Surgical & traumatic wounds
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Burns
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Collagen Dressing End-use Outlook (Revenue, USD Million, 2018 – 2030)
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Hospitals
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Specialty Clinics
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Home Healthcare
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Others
Collagen Dressing Regional Outlook (Revenue, USD Million, 2018 – 2030)
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North America
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U.S.
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Canada
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Europe
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U.K.
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Germany
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France
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Italy
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Spain
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Asia Pacific
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Japan
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China
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India
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Australia
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South Korea
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Latin America
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Brazil
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Mexico
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Colombia
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Argentina
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Middle East & Africa
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South Africa
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Saudi Arabia
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UAE
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List of Key Players in the Collagen Dressing Market
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Smith & Nephew
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Paul Hartmann
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Sanara MedTech Inc.
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3M
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Lohmann & Rauscher
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Derma Rite Industries
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Integra LifeSciences
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Coloplast Corp.
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McKesson Corporation
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Medline Industries
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Johnson & Johnson (Ethicon)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.