Tag: Peru

Collagen Market Size Worth $7.5 Billion By 2027

The global collagen market size is expected to reach USD 7.5 billion by 2027, expanding at a revenue-based CAGR of 6.4%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to high demand for collagen in cosmetic surgeries and wound healing treatments. Increasing consumer spending capacities coupled with the popularity of skin surgeries has propelled product demand across the world.

Bovine, porcine, poultry, and marine are the four main sources required for manufacturing collagen. Collagen from bovine source accounts for a substantial share of 35% as of 2019, as opposed to other sources, on account of the abundance of bovine sources and relatively lower price as compared to marine and porcine sources. Marine is superior to that of bovine or porcine sources, owing to its high absorption rate and bioavailability. However, the product obtained from marine costs relatively higher than from bovine and porcine, which is expected to restrain the growth of the segment.

The gelatin segment dominated the market in 2019 owing to the substantial demand for the product as a food stabilizer. The growth of fishing industry in India and China has attracted gelatin manufacturers in the Asia Pacific to use fish as a raw material for gelatin production. The market for hydrolyzed collagen is also anticipated to register the fastest growth over the forecast period, backed by its increasing use in the healthcare sector for tissue repair and dental applications. Increasing efforts by the companies for using hydrolyzed collagen in the treatment of bone related disorders, such as osteoarthritis have favored the growth of the segment.

The key applications for the product include food and beverages, healthcare, and cosmetics. Healthcare emerged as the largest application segment of the industry in 2019 and is forecasted to retain its dominant position over the forecast period. The food and beverage industry is expected to be a major contributor to the demand for gelatin and hydrolyzed collagen, as the product is an essential protein for the human body and has multiple nutritional, skin, and health benefits.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/collagen-market

Further key findings from the report suggest:

  • The collagen market size is anticipated to reach USD 7.5 billion by 2027, at a revenue-based CAGR of 6.4% from 2020 to 2027
  • In terms of revenue, the marine source segment is projected to ascend at a CAGR of 7.3% over the forecast period
  • In terms of volume, cosmetic surgery and wound healing emerged as the largest healthcare application segment in 2019, owing to its ability to treat chronic wounds as they inhibit the action of metalloproteinase
  • Asia Pacific is projected to witness a remarkable growth rate of 6.6% in terms of volume, in the near future, owing to the increasing consumption of healthcare and cosmetic products in the region
  • Some of the key players operating in the industry include Koninklijke DSM N.V.; Collagen Matrix; CONNOILS LLC; Rousselot BV; and Advanced BioMatrix, Inc.

Latin America Ostomy Care Bags Market Worth $377.98 Million By 2025

The Latin America ostomy care bags market size is expected to reach USD 377.98 million by 2025, according to a new report by Grand View Research, Inc., registering a 6.6% CAGR during the forecast period. Increase in prevalence of chronic diseases, such as inflammatory bowel disease, colorectal cancer, bladder cancer, and fecal and urinary continence, is one of the major factors driving the Latin America ostomy care bags market. Furthermore, rise in geriatric population in most Latin American countries is anticipated to propel market growth.

Increase in new product launches and growing investment by key market players to develop advanced products are among factors that are likely to positively influence the market. For instance, Coloplast Group launched SenSura Mio Concave in April 2018, a new range of ostomy products. These products have an elastic adhesive and star-shaped base plate, allowing them to comfortably fit curved body profiles.

Growing demand for one piece ostomy pouches is expected to boost the market. These products are known for being low profile, which means they are nearly invisible under the clothes. Furthermore, these pouches are more cost effective as compared to others and the flanges attached with them are more secure.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/latin-america-ostomy-care-bags-market

Further key findings from the report suggest:

  • By application, colostomy held the largest market share in 2017; ileostomy is expected to witness the fastest growth over the forecast period
  • On the basis of product, the one piece segment held the dominant share in 2017 and is expected to retain its lead throughout the forecast period. It is also the fastest growing segment
  • Home care settings held the largest revenue share on the basis of end use in 2017. The others segment, which comprises ambulatory surgical centers and specialty clinics, is expected to witness the fastest growth through 2025
  • Brazil held the dominant share in the regional market in 2017; Argentina is expected to witness the highest CAGR of 9.8% over the forecast period
  • Key players in this market include Coloplast Group, Hollister Incorporated, ConvaTec Incorporated, Salts Healthcare Ltd., and B. Braun Melsungen AG.