Collagen Dressings Market Size

Collagen Dressings Market size was valued at USD 1.07 Billion in 2023 and is anticipated to reach USD 2.64 Billion by the end of 2036, expanding at around 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of collagen dressings is assessed at USD 1.15 Billion. The growth of the market can be primarily attributed to the growing prevalence of acute and chronic wounds among people. It was observed that chronic wounds of mixed etiologies were estimated to affect 2.20 people per 1000, while chronic leg ulcers affected 1.50 people. A 2018 survey found that 8 million people suffer from wounds that are infectious. Moreover, increasing incidences of surgical wounds, diabetic foot ulcers, and others resulting from diabetes and obesity worldwide are requiring advanced wound dressing products which is expected to drive the global collagen dressings market during the forecast period.

New wound care alternatives are gradually replacing traditional dressing techniques. A collagen dressing is an innovative wound care product that enhances wound healing and improves the skin and connective tissues of the wound area. Using these dressings, human collagen is built up in the wound area. Moreover, a number of manufacturers are focusing on wound care management techniques, R&D initiatives along with developing specialized collagen dressings for treating skin conditions. For instance, in June 2022, Smith&Nephew announced the opening of a new R&D manufacturing facility for advanced wound management with an investment of over USD 100 million. Furthermore, global collagen dressings market trends such as demand for innovative dressings & animal-based wound care dressings along with advances in technology, research and development have consistently contributed to the development of new healthcare treatments and therapies.