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Bovine-Based Collagen For Biomedical Applications Market Analysis

The Global Bovine-based Collagen for Biomedical Applications Market size is estimated at USD 1.17 billion in 2024, and is expected to reach USD 1.89 billion by 2029, growing at a CAGR of 10.16% during the forecast period (2024-2029).

COVID-19 had a profound impact on the studied market owing to the cancellations of elective procedures and supply chain disruptions. The market declined in the initial phase of the pandemic. However, the research studies regarding the use of bovine-based collagen in treating COVID-19 and the advantages of the same compensated for the market growth in the later phase. For instance, according to an article published in October 2021, lactoferrin is a natural supplement with antiviral qualities that could be utilized as an adjuvant for COVID-19 and other respiratory tract infections. A protein called lactoferrin is naturally present in breast milk and other fluids in the stomach, nose, eyes, and respiratory tract. It is also present in cow and human milk. Because of its antiviral properties, lactoferrin can be used as a supplement in addition to other medications to treat COVID-19 and other respiratory infections. The studied market is expected to achieve a stable growth rate gradually in the upcoming years, owing to the rising tendency of people toward a healthy lifestyle and the increased demand for functional ingredients such as collagen peptides.

In addition, growing demand for bovine-based collagen to treat various diseases, increasing demand for dental and orthopedic surgeries, and ongoing R&D for the development of wound healing and regenerative medicines are actively affecting the growth of the studied market.

The major factor attributing to the growth of the market is the increasing demand for bovine-based collagen in biomedical applications to treat various medical conditions like arthritis and osteoporosis and to improve skin health. According to the CDC's October 2021 update, about 58.5 million adults in the United States that is 23.7%, or 1 in 4, have arthritis by medical diagnosis. Women are more likely than men to have arthritis which is 23.5% more than men by 18.1%. It is predicted that 78.4 million adults are expected to have the condition by 2040. Similarly, as per an article published in the Journal of Orthopaedic Surgery and Research in October 2021, osteoporosis is a common disease all over the world. The prevalence of osteoporosis in women in the world was reported to be 23.1% and while the prevalence of osteoporosis among men in the world was found to be 11.7%. Thus, the high burden of osteoporosis and arthritis boosts the demand for bovine collagen for treatment purposes, which drives the market growth over the forecast period.

Furthermore, the increasing demand for dental and orthopedic surgeries for reconstruction and the rise in research and development of wound healing and regenerative medicines are boosting the market growth. For instance, according to an article published in Basel Journal in November 2021, supplemental collagen from several sources, including porcine, bovine, and marine collagen, can enhance skin integrity and slow the aging process. They work well to reduce wrinkles, rejuvenate the skin, and reverse skin aging. In recent years, oral collagen supplements have gained a lot of popularity. Researchers looked at how oral collagen supplementation affected the dermal collagen network and the hydration of the skin. Thus, the research and development studies carried out on bovine collagen for biomedical applications are expected to accelerate the market in the forecast period.

Therefore, owing to the aforementioned factors, the studied market is anticipated to witness growth over the analysis period. However, the high risk of disease transmission is likely to impede market growth.

Bovine-Based Collagen For Biomedical Applications Industry Segmentation

As per the scope of the report, bovine collagen is the type of protein abundantly present in the connective tissue, bones, and cartilage of cows. It is used widely in biomedical applications such as cosmetic surgery, reconstructive surgery, cardiology, and scientific study. The Bovine-based Collagen for Biomedical Applications Market is Segmented by Application (Bone Graft Substitutes, Collagen-based Scaffolds, Hemostats, Skin Substitutes, Cartilage Repairs, and Others) and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers the value (in USD million) for the above segments.