The global collagen sponge market size was valued at USD 207 million in 2020 and accounted to grow at a significant CAGR of 6.3% during the forecast period 2021 to 2027. The increasing incidence of traumatic accidents around the globe is a key factor to drive the market growth. Moreover, the rising incidence of osteoporosis resulting in bone and cartilage damage is expected to fuel the market over the forecast period.
The collagen sponge market is bifurcated into application, end-user, and geography. On the basis of application, the market is further classified into wound dressing material, bone & cartilage repair, and other applications. The wound dressing material segment held the largest market share in 2020 in terms of revenue.
The report titled “Collagen Sponge Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast – 2020 – 2027” offers a holistic view of the Collagen Sponge industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Collagen Sponge market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Collagen Sponge Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
North America is presently dominating the geography segment for collagen sponge market. Growing incidence of bone and cartilage damage associated with osteoporosis primarily determines the collagen sponge market growth in the region. As per the latest information provided by the Center for Disease Control and Prevention (CDC), approximately 10 million Americans are suffering with osteoporosis. Domicile of key players such as Becton Dickinson & Company, Medline, Inc., Integra Life Sciences etc., further accentuate the market growth in the region.
The Collagen Sponge Market Segmentation:
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Pharmaceutical manufacturers engaged in the production of collagen sponge are Becton Dickinson & Company., Medline, Inc., Integra Life Sciences., Guangzhou Trauer Biotechnology Co., Ltd, Cologenesis Healthcare., Aegis Lifesciences., Koken., Cosmo Bio Co., Ltd., Wuxi Biot Biology Technology Co., Ltd., and RESORBA Medical GmbH.
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