Market Trends of Atelocollagen Industry
Bovine Collagen Segment is Expected to Witness Significant Growth During the Forecast Period
- Bovine collagen is a naturally occurring protein derived from cows. The high availability of cattle and reasonable prices of bovine-based products are boosting segmental growth. The demand for bovine collagen is increasing for biomedical applications to treat various medical conditions such as improved skin health, arthritis, and osteoporosis.
- According to the data published by the Institute for Health Metrics and Evaluation in August 2023, osteoarthritis affected 15.0% of the global population aged 30 years and above. Furthermore, it is estimated that around 1.0 billion people will suffer from osteoarthritis by 2050. Additionally, as per the article published in the American Academy of Family Physicians in March 2023, osteoporosis affects 10.2% of adults aged 50 years and above and is expected to reach 13.6% by 2030. Thus, the high prevalence of osteoporosis boosts the demand for bovine collagen as it helps to improve bone mineral density, which is further anticipated to drive segmental growth.
- Moreover, the rising research and development activities in regenerative medicines and wound healing and the growing demand for orthopedic and dental surgeries for reconstruction are influencing segmental growth. As per the data published by the Arthritis Foundation, hip replacement surgeries are projected to reach 635.0 million, i.e., a 171.0% increase, while knee replacement surgeries are anticipated to reach 1.28 million, a 189.0% increase by 2030. Atelocollagen sponges are used in dental surgeries owing to their excellent biocompatibility, weak antigenicity, and biodegradability.
- Therefore, owing to factors such as the high prevalence of osteoporosis, growing research and development activities in regenerative medicines, and growing demand for dental surgeries, the bovine collagen segment is projected to grow during the forecast period.
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North America is Expected to Dominate the Atelocollagen Market
- North America accounted for the highest market share due to the growing demand for tissue engineering, the increasing incidence of bone-related disorders, the rising geriatric population, better healthcare infrastructure, and robust research and development activities. For instance, according to data published in the University of British Columbia journal, in February 2021, around 2.2 million people in Canada had osteoporosis. In addition, according to the data published by the International Osteoporosis Foundation in March 2023, in Mexico, the prevalence of musculoskeletal disorders among the aged population above 60 years and older was 36.4%. The aging population is highly prone to musculoskeletal disorders, which is another critical factor in the growth of the market. Thus, the demand for atelocollagen is projected to grow soon as it helps to increase bone density in the aged population.
- Moreover, growing applications in the cosmetic industry due to its healthy aging benefits on hair, skin, and nail beauty have driven the demand for atelocollagen in the region owing to a growing inclination toward nutritional products.
- The leading vendors in the North American market are concentrating on new product launches for 2D and 3D cell culture, drug delivery, labware coating applications, bioprinting, and as a scaffold for a myriad of tissue engineering modalities. For instance, in January 2023, Essent Biologics, a biotechnology company, launched its Human Native Tissue-Derived Type I atelocollagen for the cell and tissue engineering industry. Atelocollagen provides a high-quality standard for customers to use as a raw material in their research and manufacturing procedures. Such high-quality applications of atelocollagen help boost market growth in the region.
- Furthermore, the growing number of campaigns highlighting the use of collagen among all ages contributes significantly to the North American market’s growth. For instance, in January 2024, Vital Proteins LLC launched a campaign named "For Everybody with a Body," highlighting collagen's benefits for adults of all ages. Such initiatives are projected to drive the adoption of atelocollagen in the region.
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