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Collagen Sponge Market Size, Growth, Industry Trends, Leading Players, Market Share and Forecast 2020-2027

Collagen Sponge Market Size, Growth, Industry Trends, Leading Players, Market Share and Forecast 2020-2027
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Collagen Sponge Market Size, Growth, Industry Trends, Leading Players, Market Share and Forecast 2020-2027 – Business

The global collagen sponge market size was valued at USD 207 million in 2020 and accounted to grow at a significant CAGR of 6.3% during the forecast period 2021 to 2027. The increasing incidence of traumatic accidents around the globe is a key factor to drive the market growth. Moreover, the rising incidence of osteoporosis resulting in bone and cartilage damage is expected to fuel the market over the forecast period. The collagen sponge market is bifurcated into application, end-user, and geography. On the basis of application, the market is further classified into wound dressing material, bone & cartilage repair, and other applications. The wound dressing material segment held the largest market share in 2020 in terms of revenue.

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