Collagen Dressings Market Analysis by Dressing Type (Antimicrobial, Alginate, Hydrogel, Native, and Others); by Source (Bovine, Porcine, Avian, and Others); by Application (Acute Wounds, and Chronic Wounds); and by End-user (Hospitals, Clinics, Ambulatory Surgical Centers, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now Report ID: 4225 | Published Date: Feb 14, 2023
The global collagen dressings market is estimated to garner revenue of ~USD 2.0 billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of ~USD 1.0 billion in the year 2022. 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.
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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.
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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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Growth Drivers
Increasing Number of Road Accidents and Serious Injuries – According to the World Health Organization, in road traffic accidents, nearly 1.3 million people die each year. A staggering 20 to 50 million people suffer wound injuries, and many of them result in disabilities.
There is a high rate of road traffic injuries throughout the world. Open wounds are a common result of road accidents, which create tears in the skin. About 85% of all injuries are caused by distortions, fractures, open wounds, concussions, and contusions. Therefore, the rising cases of road accidents and serious injuries are expected to enlarge the global collagen dressings market size during the forecast period.
Rising Exports of Sterile Collagen Sheets Worldwide- According to the statistics by the International Trade Center (Trademap), the global value of exports of sterile surgical dressings in the year 2021 was recorded to be USD 5,007,963 thousand, which was an increase from USD 4,502,707 thousand in the previous year.
Increasing Global Healthcare Expenditure - According to World Bank data, current healthcare expenditures rose from 9.7% of GDP in 2018 to 9.83% in 2019. This data includes the consumption of healthcare goods and services each year.
Growing Elderly Population Across the Globe - Chronic wounds are more common among people over 65 years of age. This factor is expected to propel the demand for collagen dressings during the forecast period. The World Bank has recently released data showing that at the end of 2021 there were 747,238,580 geriatric people worldwide.
Surge in Number of Surgical Procedures Worldwide- It was observed that the number of major surgeries performed each year worldwide has grown to 300 million. Approximately 42 to 53 million surgeries are performed in the United States and 25 million in Europe every year.
Challenges
There are particular complexities with the collagen dressing storage such as, these dressings are non-adherent and last for a short period. Additionally, they require a particular temperature to preserve their effectiveness, hence, all these factors are estimated to hamper the growth of the market over the forecast period.
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.
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.
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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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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: Increasing number of road accidents and serious injuries are estimated to majorly boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2033.
Ans: High production cost associated with the product is estimated to challenge the market growth.
Ans: The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Smith & Nephew, Integra Lifesciences, Coloplast Corp, Organogenesis, Inc., Hollister Incorporated, Essity Aktiebolag (publ), Angelini Pharma S.p.a., Medline Industries, Inc., DermaRite Industries, LLC., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by dressing, source, application, end user, and by region.
Ans: The bovine segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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