Collagen Dressings Market size is poised to cross USD 2 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of collagen dressings was over USD 1 Billion. The growth of the market can be primarily attributed to the growing prevalence of acute and chronic wounds among people. It was observed that chronic wounds of mixed etiologies were estimated to affect 2.20 people per 1000, while chronic leg ulcers affected 1.50 people. A 2018 survey found that 8 million people suffer from wounds that are infectious. Moreover, increasing incidences of surgical wounds, diabetic foot ulcers, and others resulting from diabetes and obesity worldwide are requiring advanced wound dressing products which is expected to drive the global collagen dressings market during the forecast period.
New wound care alternatives are gradually replacing traditional dressing techniques. A collagen dressing is an innovative wound care product that enhances wound healing and improves the skin and connective tissues of the wound area. Using these dressings, human collagen is built up in the wound area. Moreover, a number of manufacturers are focusing on wound care management techniques, R&D initiatives along with developing specialized collagen dressings for treating skin conditions. For instance, in June 2022, Smith&Nephew announced the opening of a new R&D manufacturing facility for advanced wound management with an investment of over USD 100 million. Furthermore, global collagen dressings market trends such as demand for innovative dressings & animal-based wound care dressings along with advances in technology, research and development have consistently contributed to the development of new healthcare treatments and therapies.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
7% |
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Base Year Market Size (2022) |
USD 1.0 Billion |
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Forecast Year Market Size (2033) |
USD 2.0 Billion |
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Regional Scope |
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Source (Bovine, Porcine, Avian)
The global collagen dressings market is segmented and analyzed for demand and supply by source type into bovine, porcine, avian, and others. Among these segments, the bovine segment is captured the largest market size in the global collagen dressings market with 56% market share in 2022. The rapid growth of the market is owing to the rising adoption of bovine-based collagen dressings for diabetic neuropathic foot ulcer treatment. Diabetic foot ulcers (DFUs) are a common complication of diabetes. In a study in 2018, it was found that 18-26% of people with diabetes can develop foot ulcers at some point in their lives. Diabetic patients are estimated to have a 2% chance of developing diabetic foot ulcers each year. Various studies report a prevalence of 1.3–12% for diabetic foot ulcers. Moreover, in order to minimize the negative impacts of wounds such as infection and pain, bovine-based collagen biomaterials are becoming more popular. This factor is expected to drive segment growth during the forecast period.
Our in-depth analysis of the global collagen dressings market includes the following segments:
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By Dressing Type |
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By Source |
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By Application |
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By End User |
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North America Market Forecast
The North America collagen dressings market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the growing awareness of advanced wound care management products, and the increased development of advanced wound care dressings in research labs and pharmaceutical companies are all contributing to advancements in wound care dressings. As well as technological advancements, the demand for wound care products for chronic wound treatment, such as antibacterial collagen dressings, is expected to drive growth in the region during the forecast period. Moreover, the expansion of the healthcare sector and medicare spending in the region is expected to drive collagen dressings market growth during the forecast period. According to the Centers for Medicare & Medicaid Services, spending on Medicare reached USD 829.5 billion in 2020, accounting for 20% of overall healthcare spending. Spending on medicare increased by 3.5% in 2020, compared with 6.9% in 2019.
Medline Industries, Inc. opened two distribution centers in Montgomery, New York (United States) and St. Peters, Missouri. The distribution centers which are spread over 1.3 million square ft. and 800,000 square ft. respectively are aimed at serving its customers in the region and handle annual orders of more than USD 1 Billion.
DermaRite Industries, LLC announced the launch of its Interactive Dressing Selection Guide App that is aimed at helping its users to select wound dressings more comfortably than before. The app provides detailed product information and added resources for use by healthcare professionals.
Author Credits: Radhika Gupta, Shivam Bhutani
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