Tissue Engineered Collagen Biomaterials Market to Rise at a Solid CAGR of 10.4% from 2017 to 2025

As per a report by Transparency Market Research, the global tissue engineered collagen biomaterial market will likely progress at a robust CAGR of 10.4% during the period between 2017 and 2025 to become worth US$5.4 bn in 2025 from US$ 2.2 bn in 2016.
tissue engineered collagen biomaterials market. Tissue engineering entails developing tissue and organs. Collagen is a class of protein and collagen-based biomaterial applications is seeing widespread application in the tissue engineering sector. “Rigorous research and development activities in regenerative medicine and rising use of collagen as bone substitutes are the major growth drivers in the tissue engineered collagen biomaterial market. Moreover, the use of collagen in wound healing offers numerous benefits in terms of stimulating tissue growth and ensuring relief for a variety of injuries on bones and tissues, which, in turn, is fuelling the market,” explains the lead analyst of the report.

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Geographically, North America is a market leader that is expected to retain its dominant position in the years ahead as well. A solid manufacturing infrastructure, increasing collagen applications across various industries, and growing thrust on research to develop unique solutions for tissue engineering leading to emergence of many collagen-based products, will likely boost growth in the market. The North America market is slated to become worth US$17 bn by 2025 by clocking a CAGR of 10.0%. In terms of growth rate, however, Asia Pacific is anticipated to outshine all other regions by registering a solid CAGR of 11.1% from 2017 to 2025. A burgeoning geriatric population and the increasing instances of chronic diseases are said to be driving growth in the region. Growing uptake of advanced wound care products by healthcare professionals and favorable government reimbursement policies are also serving to bolster the tissue engineered collagen biomaterials market in Asia Pacific.

Some of the key players operating in the global tissue engineered collagen biomaterials market are Collagen Matrix Inc., Medtronic, Advanced BioMatrix Inc., Kyeron B.V., Collagen Matrix, Collagen Solutions Plc., CollPlant Ltd., Fraunhofer-Gesellschaft, GENOSS Co., Ltd., and Maxigen Biotech Inc. Key strategies adopted by such players to progress in the global tissue engineered collagen biomaterials market are mergers and acquisitions and carefully-considered distribution agreements. Medtronic, for example, acquired Covidien, a global healthcare products company, in January 2016 to become the foremost player in the medical device industry.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/27938

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