by Collagen and HA-based Biomaterials Market – Need for Enhancing Patient Outcomes Driving Engine for Innovation
Facial aesthetic treatments, in recent years, have been focused on high quality results with minimal steps involved. And while for years, collagen and hyaluronic acid (HA)-based biomaterials have been used for improving would healing and cosmetic surgeries, currently, there has been a flurry of activity, all aimed at enhancing patient outcomes. These innovations include several advanced dermal fillers that have been developed to cater to the skincare needs of people, globally. For instance, in May 2018, Nestlé Skin Health’s dermal filler Restylane® Lyft was approved by the Food and Drug Association for aesthetic and cosmetic purposes. According to this recent study by the collagen and HA-based biomaterials market is set to grow at an average CAGR of ~5% during the forecast period of 2019 to 2027. The study projects a rise in investments toward research & development (R&D) that are predominantly aimed at discovering collagen and HA-based biomaterials that can be used in next-generation, innovative products such as injectable dermal fillers, in various cosmetic surgeries.
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Adoption of Collagen and HA-based Biomaterials to Grow Beyond Cosmetic Surgeries
There has been a rise in the number of cosmetic surgeries around the globe, in recent years, due to technological advancements and the launching of new & effective products. Nevertheless, collagen and hyaluronic acid-based biomaterials are also being increasingly used in the treatment of chronic diseases such as diabetes, degenerative joint disorders, and skin infections, which is also a major driver of the global collagen and HA-based biomaterials market.
The advantages that are offered by collagen include stability, even as it stimulates tissue growth, which is being leveraged by manufacturers to provide better treatment options for orthopaedic care and wound care. Manufacturers are also increasingly focusing on the medical needs of patients with joint- and mobility-related issues, the increasing prevalence of which is likely to cause significant economic burden, globally.
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According to this study on the global collagen and HA-based biomaterials market, the adoption of collagen for wound dressings is contributing to the healthy growth of its application in medicine, which is estimated to capture around one-fourth of the total share of the global collagen and hyaluronic acid-based biomaterials market by 2027. The study also finds that, in 2018, facial aesthetic dermal fillers occupied the largest share by way of revenue in the global collagen and HA-based biomaterials market, and this is likely to continue over the forecast period. This can be attributed to the demand for HA-based dermal fillers for the improvement of facial aesthetics, as well as in applications beyond cosmetic surgeries.
Demand for Animal-derived Collagen to Decline Due to Religious Concerns
With animal-derived constituents progressively becoming a part of healthcare, especially in the case of collagen sources, religious and cultural beliefs are increasingly hampering the acceptance and adoption of collagen and hyaluronic acid-based biomaterials. Pigs and cows are a rich source of collagen, and the usage of products derived from these sources is problematic in different regional markets, as such, negatively impacting the growth of the global collagen and HA-based biomaterials market.
Analysts’ Viewpoint
Authors of this report estimate that, the collagen and HA-based biomaterials market will grow at an average pace during the forecast years. This is expected to come on the back of the rising popularity of cosmetic surgeries, with players in the market competing aggressively in the global landscape with new product launches and innovations. Stakeholders should focus on R&D into alternatives to animal-derived constituents, from synthetic sources, to boost their popularity, and therefore, the adoption of collagen and HA-based biomaterials in cosmetics and healthcare.
Of the regional markets in the global collagen and HA-based biomaterials market, North America is expected to continue to hold the largest share by revenue, due to better healthcare facilities in the region. However, the market in Asia Pacific is also brimming with opportunities for manufacturers to capitalise on, as the region witnesses an increased geriatric population suffering from degenerative joint disorders.
Global Collagen and HA-based Biomaterials Market: Introduction
Collagen is one of the most abundant form of protein in the human body, and the use of this biomaterial in tissue engineering has increased extensively, owing to its easy availability, biodegradability, versatility, and biocompatibility.
The application of exogenous hyaluronan and hyaluronan-based biomaterials has been successful in wound healing, cosmetic surgeries, food packing & ingredients, and a number of other medical disciplines such as dermatology, rheumatology, and ophthalmology
Rise in cosmetic procedures across the globe, technological advancements, launch of new collagen-based products in developed regions, increase in the prevalence of joint disorders worldwide, and advantages offered by HA-based biomaterials are anticipated to drive the global collagen and HA-based biomaterials market during the forecast period.
The global collagen and HA-based biomaterials market was valued at ~US$ 6 Bn in the years 2018, and is anticipated to reach a value of ~US$ 9.7 Bn by 2027, expanding at a CAGR of ~5% from 2019 to 2027.
North America, Europe, and Asia Pacific were the major markets for collagen and HA-based biomaterials in 2018. The collagen and HA-based biomaterials market in Asia Pacific is expected to expand at a high CAGR of ~6% during the forecast period.
Collagen and HA-based Biomaterials Market: Overview
Biomaterials are one of the most vital materials used in healthcare and pharmaceutical industries. Collagen and HA-based biomaterials are widely used in tissue engineering due to their wide availability, biodegradability, and biocompatibility. Collagen and HA-based biomaterials have potential application in the fields of regenerative medicine, food industry, personal healthcare, and development of prosthetics.
Rapid technological advancements, significant new product launches by industry players, surge in cosmetic procedures, and advantages offered by collagen and HA-based biomaterials are likely to fuel the growth of the global collagen and HA-based biomaterials market during the forecast period.
North America held a major share of the global collagen and HA-based biomaterials market in 2018, due to the wide acceptance and availability of collagen and HA-based biomaterials, and rise in hyaluronic acid dermal filler procedures performed in the U.S.
The collagen and HA-based biomaterials market in Asia Pacific is expected to expand at a CAGR of ~6% from 2019 to 2027, due to an increase in the usage of collagen-enriched face masks, HA-based dermal fillers, and other cosmetic products.
Collagen and HA-based Biomaterials Market: Key Segments
In terms of type, the global collagen and HA-based biomaterials market has been segmented into urinary incontinence, corneal shields, facial aesthetic dermal fillers, wound dressings, and others The facial aesthetic dermal fillers segment accounted for a major share of the collagen and HA-based biomaterials market in 2018, and the trend is anticipated to continue during the forecast period.
Based on application, the global collagen and HA-based biomaterials market has been categorized into food, medicine, cosmetics, and others. The cosmetics segment accounted for a major share of the market in 2018.
Collagen and HA-based Biomaterials Market: Prominent Companies
Key players in the global collagen and HA-based biomaterials market have been profiled based on attributes, such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies.
Major companies profiled in the global collagen and HA-based biomaterials market report are
- Galderma Laboratories L.P. (Nestle Skin Health)
- Allergan plc
- Collagen Solutions Plc
- Anika Therapeutics, Inc.
- Johnson & Johnson Services, Inc.
- Sanofi
- Bausch Health Companies Inc.
- BioCell Technology LLC
- Abbott Laboratories.
Key Questions Answered in Collagen and HA-based Biomaterials Market Report
- What are the major drivers, restraints, and opportunities in the market?
- What will be the revenue share projections of key segments in the global collagen and HA-based biomaterials market during the forecast period?
- Which segment is likely to lead the global collagen and HA-based bio/materials market in terms of revenue by 2027?
- How are mergers & acquisitions among players widening the scope for the global collagen and HA-based biomaterials market?
- Which are the leading companies in the global collagen and HA-based biomaterials market?
Global Collagen and HA-based Biomaterials Market – Segmentation
Type
- Urinary Incontinence
- Corneal Shields
- Facial Aesthetic Dermal Fillers
- Wound Dressings
- Others
Application
- Food
- Medicine
- Cosmetics
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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