(PharmaNewsWire.Com, August 18, 2018 ) Global Collagen and Gelatin Market was worth USD 5.4 billion in 2018 and estimated to be growing at a CAGR of 9.4%, to reach USD 8.46 billion by 2023.
Gelatin is a translucent and brittle substance which is derived from collagen. It is used as a gelling agent in the food industry and in the production of various drugs. Collagen is the main protein in the connective tissues of animals. It makes up for about 35% of the total body protein content.
Increased prevalence of chronic diseases, rising geriatric population and the widespread use of gelatin and collagen in regenerative medicine is driving the market growth. Collagen is being used in various drugs and medical devices which in turn is driving the market growth. Collagen is also being used for wound healing which is stimulating the growth of the market. However, collagen obtained from bovine and porcine sources carry the risk of disease transmission which is acting as a restraint to the market growth.
The market for Collagen and Gelatin is broadly categorized into source and application. By source the market is divided into bovine, porcine, marine and others. Bovine segment accounts for a major share of the market revenue due to its low cost and easy availability. By application the market is segmented into orthopaedic applications, wound care, cardiovascular applications and others. Orthopaedic application is predicted to hold a major share of the market revenue. Wound care segment is predicted to grow at a high CAGR. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Collagen and Gelatin market was dominated by North America while Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Some of the major companies dominating the market, by their products and services include LifeSciences Holding Corporation (U.S.), Collagen Solutions plc (U.K.), Vornia Biomaterials, Ltd. (Ireland), Collagen Matrix, Inc. (U.S.), GELITA AG (Germany), Nitta Gelatin, Inc. (Japan), and PB Gelatin (Belgium), Royal DSM (Netherlands), Integra SYMATESE (France), and NuCollagen, LLC. (U.S.).
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