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Collagen and Gelatin Market was worth USD 5.4 billion in 2018

 



(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.

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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.

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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.

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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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The scope of the report provides:

· The evaluation of the current market for your product or services and the future implications of the market

· Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future

· Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment

· Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share

· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces

· The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors

· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments

· Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence

· Equip you with the information providing with the investment opportunities in the industry

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Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com

Source: EmailWire.com


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