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Collagen and HA-based Biomaterials Market Overview: 2030
Biomaterial refers to any matter, surface, or construct that interacts with biological systems. Biomaterials can be derived from nature or synthesized in the laboratory using metallic components, polymers, ceramics, or composite materials. Medical devices made of biomaterials are often used to replace or augment a natural function. Examples include heart valves, hip replacements, and materials used regularly in dentistry and surgery. Biomaterial plays an integral role in medicine today—restoring function and facilitating healing for people after injury or disease. Hyaluronic acid and collagen are two naturally occurring substances found in the human body. Each compound has a different purpose and benefit, and the main connection between them deals with the skin.
COVID-19 scenario analysis
The consequences of lockdown and government-enforced restrictions as a result of the coronavirus pandemic have, of course, been felt heavily by businesses across all industries. Both the private healthcare sector and health and beauty businesses, which rely on close physical contact with their clients, have been significantly affected. Many small hospitals, dermatology clinics, and nursing homes, have been forced to shut their operations. Social distancing and localized curfews have resulted in delayed cosmetic surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth. The current outbreak of the COVID-19 pandemic has negatively impacted the collagen and HA-based biomaterials business.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Increase in focus on aesthetics is expected to surge the number of cosmetic procedures across the globe. 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 & ha-based biomaterials are likely to fuel the growth of the global collagen and ha-based biomaterials market during the forecast period. According to the American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the U.S. in 2018. The three most popular procedures were botulinum toxin type A (Botox), soft tissue fillers, and chemical peels, which were up by 3%, 2%, and 1%, respectively, from 2017. Rise in prevalence of osteoporosis and osteoarthritis is further expected to drive the growth of this market over the next few years.
New product launches to flourish the market
New products that exhibit improved capabilities have been launched by leading market players. In May 2021, Orora launched products with the first bioidentical human collagen ingredient in North America. The products are formulated with geltor's bioactive human collagen ingredient, HumaColl21, a biodesigned peptide that works to stimulate the skin's natural collagen synthesis.
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Questions answered in the collagen and ha-based biomaterials market research report
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