Collagen Dressings Market Share

North America Market Forecast

The North America collagen dressings market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be ascribed to the growing awareness of advanced wound care management products, and the increased development of advanced wound care dressings in research labs and pharmaceutical companies are all contributing to advancements in wound care dressings.  As well as technological advancements, the demand for wound care products for chronic wound treatment, such as antibacterial collagen dressings, is expected to drive growth in the region during the forecast period. Moreover, the expansion of the healthcare sector and medicare spending in the region is expected to drive collagen dressings market growth during the forecast period. According to the Centers for Medicare & Medicaid Services, spending on Medicare reached USD 829.5 billion in 2020, accounting for 20% of overall healthcare spending. Spending on medicare increased by 3.5% in 2020, compared with 6.9% in 2019.