(MENAFN- GlobeNewsWire - Nasdaq) The Global Collagen and HA-based Biomaterials market Size was Valued at USD 5670.2 Million in 2023 and the Worldwide Collagen and HA-based Biomaterials Market Size is Expected to Reach USD 8072.90 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Abbott Laboratories, Johnson & Johnson Services, Inc., Sanofi, Galderma Laboratories L.P., Allergan plc, Collagen Solutions Plc, Anika Therapeutics, Inc., Bausch health Companies Inc., BioCell technology LLC, Alcon Laboratories, Genzyme, Lifecore Biomedical, LLC, Seikagaku Corp., Others
New York, United States , Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Global Collagen and HA-based Biomaterials Market Size is Expected to Grow from USD 5670.2 Million in 2023 to USD 8072.90 Million by 2033, at a CAGR of 3.60% during the forecast period 2023-2033.
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Collagen-based biomaterials are materials that utilize collagen, a fibrous protein naturally found in the body's connective tissues such as skin, bones, tendons, and cartilage. Collagen-based biomaterials are utilized in wound dressings, tissue engineering scaffolds, cosmetic fillers, and medical implants. Hyaluronic acid-based biomaterials utilize hyaluronic acid, a naturally occurring polysaccharide present in the human body, particularly in skin, eyes, and joints. HA-based biomaterials are commonly employed in skin care products for moisturizing, dermal fillers for cosmetic enhancements, viscosupplementation in joint therapy, and carriers for drug delivery systems. The market for collagen and hyaluronic acid HA-based biomaterials is expanding rapidly, owing to several key factors, including an aging global population's growing demand for products that improve skin elasticity, joint function, and tissue integrity, with collagen and HA being used in treatments ranging from dermal fillers to orthopedic implants. Technological improvements, such as recombinant DNA technology for HA manufacture, improve product quality and price. However, the collagen and hyaluronic acid (HA)-based biomaterials market confronts numerous obstacles that affect its growth, including high manufacturing costs and tight regulatory regulations that offer major barriers to entrance and expansion for manufacturers.
Browse key industry insights spread across 213 pages with 110 Market data tables and figures & charts from the report on the " Global Collagen and HA-based Biomaterials Market Size, Share, and COVID-19 Impact Analysis, By Type (Facial Aesthetics Dermal Fillers, Urinary Incontinence, Corneal Shields, Wound Dressings, Others), By Application (Food, Medicine, Cosmetics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The facial aesthetics dermal fillers segment is predicted to hold the largest market share through the forecast period.
Based on the type, the collagen and HA-based biomaterials market is classified into facial aesthetics dermal fillers, urinary incontinence, corneal shields, wound dressings, and others. Among these, the facial aesthetics dermal fillers segment is predicted to hold the largest market share through the forecast period. This dominance is fueled by increased global demand for aesthetic procedures, developments in cosmetic treatments using collagen and HA-based biomaterials, and dermal fillers' adaptability in applications such as wrinkle removal, lip augmentation, and facial contouring.
The cosmetics segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the collagen and HA-based biomaterials market is divided into food, medicine, cosmetics, and others. Among these, the cosmetics segment is anticipated to hold the highest market share during the projected timeframe. This dominance is driven by increasing global demand for anti-aging skincare treatments that use collagen and hyaluronic acid (HA), known for their efficacy in decreasing wrinkles, improving skin suppleness, and promoting a young appearance.
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North America is estimated to hold the largest share of the collagen and HA-based biomaterials market over the forecast period .
North America is estimated to hold the largest share of the collagen and HA-based biomaterials market over the forecast period. This dominance is supported by its advanced healthcare infrastructure, the presence of leading market players driving innovation, significant healthcare expenditure encouraging investment in medical technologies, a strong emphasis on research and development, and a growing aging population driving demand for biomaterial applications in the treatment of aging-related conditions.
Asia Pacific is predicted to have the highest CAGR growth in the collagen and HA-based biomaterials market over the forecast period. The region is driven by strong market penetration, increased collagen demand for bone tissue regeneration, and an increase in the number of older persons suffering from chronic arthritis due to high population density in countries such as China and India.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the collagen and HA-based biomaterials market include Abbott Laboratories, Johnson & Johnson Services, Inc., Sanofi, Galderma Laboratories L.P., Allergan plc, Collagen Solutions Plc, Anika Therapeutics, Inc., Bausch Health Companies Inc., BioCell Technology LLC, Alcon Laboratories, Genzyme, Lifecore Biomedical, LLC, Seikagaku Corp., and Others.
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Recent Developments
In April 2023 , Salve Pharma, a global leader in drugs and skincare, launched the Firmer range. This unique product restores people's youthful appearance and revitalizes their skin, regardless of age or skin type.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the collagen and HA-based biomaterials market based on the below-mentioned segments:
Global Collagen and HA-based Biomaterials Market, By Type
Facial Aesthetics Dermal Fillers Urinary Incontinence Corneal Shields Wound Dressings Others
Global Collagen and HA-based Biomaterials Market, By Application
Food Medicine Cosmetics Others
Global Collagen and HA-based Biomaterials Market, By Regional Analysis
North America Europe Germany UK France Italy Spain Russia Rest of Europe
Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific
South America Brazil Argentina Rest of South America
Middle East & Africa UAE Saudi Arabia Qatar South Africa Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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