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Bovine-based Collagen for Biomedical Application Market Size
Bovine-Based Collagen for Biomedical Application Market size was valued at USD 1 billion in 2023 and is anticipated to showcase growth at 9.8% CAGR from 2024 to 2032. Increasing demand for bovine-based collagen in tissue engineering and regenerative medicine, increasing preference for bovine collagen-based hemostats in surgical procedures, and growth in regulatory approvals are driving the revenue growth in the market.
Additionally, increasing growth in periodontal surgeries is also supporting the growth in the market. Bovine-based collagen in the medical applications market refers to the use of collagen derived from cattle (bovine sources) for various therapeutic, surgical, and biomedical purposes. This type of collagen is widely utilized due to its biocompatibility, biodegradability, and structural similarity to human collagen.
Why is the demand for thermal bovine-based collagen for biomedical application rising in wound dressing applications?
The wound dressing segment in the bovine-based collagen for biomedical application industry recorded 28.4% market share in 2023 and is projected to expand at significant rate between 2024 and 2032, due to the increasing adoption of hydrolyzed bovine-collagen products in wound care dressings.
How big is the bovine-based collagen for biomedical application market?
Bovine-based collagen for biomedical application industry size was worth USD 1 billion in 2023 and is projected to expand at 9.8% CAGR from 2024 to 2032, due to the growing preference for bovine collagen-based hemostats in surgical procedures.
Why is the demand for bovine-based collagen for biomedical application rising from the hospital pharmacies?
The hospital pharmacies distribution channel segment in the bovine-based collagen for biomedical application industry accounted for USD 641.4 million in revenue in 2023 and is projected grow at significant rate from 2024 to 2032, owing to the direct access provided by these channels for patients who are admitted for treatment or are undergoing surgical interventions.
What factors are driving bovine-based collagen for biomedical application market growth in North America?
North America bovine-based collagen for biomedical application industry accounted for 42.1% market share in 2023 and is estimated to depict substantial gains by 2032, led by the presence of many leading manufacturers and suppliers of bovine collagen products in the region.