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Epidermal Growth Factors Market By Product Type (Recombinant Epidermal Growth Factors, Synthetic Epidermal Growth Factors, Natural Epidermal Growth Factors), By Application (Cancer Treatment, Wound Healing, Cosmetic Surgery, Hair Growth Treatment, Burns Treatment), By End-User Industry (Pharmaceutical Industry, Healthcare & Wellness, Cosmeceuticals, Biotechnology Industry, Research & Development), and By Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: LI5240  
|   Life Sciences & Healthcare

As per Intent Market Research, the Epidermal Growth Factors Market was valued at USD 2.1 billion in 2023 and will surpass USD 3.3 billion by 2030; growing at a CAGR of 6.5% during 2024 - 2030.

The epidermal growth factors (EGF) market is experiencing significant growth due to their broad applications in healthcare, including cancer treatment, wound healing, cosmetic surgery, and dermatological care. These proteins, which promote cell growth and tissue regeneration, are critical in the development of innovative therapies for chronic wounds, burns, and skin disorders. Recombinant epidermal growth factors are the dominant product type in the market due to their high purity and therapeutic efficacy, especially in oncology and regenerative medicine.

Recombinant Epidermal Growth Factors Segment Is Largest Owing to Their Broad Applications

The recombinant epidermal growth factors (EGF) segment holds the largest market share due to their extensive use in therapeutic applications such as cancer treatment, wound healing, and skin regeneration. Recombinant EGFs are produced through genetic engineering techniques, which enable the mass production of high-purity, biologically active proteins. The high demand for recombinant EGF in healthcare and biotechnology is driven by their ability to stimulate cell growth and promote healing in various clinical settings. These factors make recombinant EGFs an essential part of modern medicine, particularly in the treatment of chronic wounds, burns, and cancer.

In cancer treatment, recombinant EGF plays a critical role in promoting the growth and differentiation of cells, which can be harnessed to treat a variety of cancers, including head and neck cancers. Moreover, their effectiveness in accelerating wound healing has expanded their use in post-surgery care. The versatility of recombinant EGFs across multiple therapeutic areas ensures their dominance in the market, with strong support from both the pharmaceutical and healthcare sectors.

Epidermal Growth Factors Market Size

Wound Healing Application Is Fastest Growing Owing to Rising Chronic Wound Incidence

The wound healing application of epidermal growth factors (EGF) is the fastest growing segment, driven by the increasing incidence of chronic wounds, particularly in aging populations and diabetic patients. Chronic wounds, such as diabetic ulcers and pressure sores, present a significant medical challenge, and EGF-based therapies have proven highly effective in promoting faster healing by stimulating tissue regeneration. The application of EGFs in wound healing has been bolstered by advances in regenerative medicine and tissue engineering, as they accelerate the repair of damaged skin and underlying tissues.

The demand for EGF in wound care is also being fueled by increasing healthcare awareness and the growing adoption of advanced wound care management products. Furthermore, with a rising number of surgeries and trauma cases globally, EGF’s role in improving post-operative recovery is becoming increasingly significant. As the segment expands, companies are focusing on developing new formulations and delivery methods, which will further drive the growth of this application.

Pharmaceutical Industry Is Largest End-User Industry Owing to High Demand for Therapeutic Applications

The pharmaceutical industry is the largest end-user of epidermal growth factors, as these proteins have a wide range of therapeutic applications in treating cancers, chronic wounds, and various dermatological conditions. Pharmaceutical companies are at the forefront of developing recombinant and synthetic EGFs for clinical use, particularly in oncology and regenerative medicine. The robust demand for EGFs in drug formulations and biologics has propelled the growth of the pharmaceutical sector, making it the largest consumer of these proteins in the market.

Pharmaceutical companies are also focused on innovation, aiming to bring more effective EGF-based therapies to the market. With strong investments in research and development, the pharmaceutical industry continues to drive the expansion of the EGF market by exploring new treatment avenues, particularly for cancers and skin regeneration. This has solidified the pharmaceutical industry's position as the largest end-user, accounting for the majority of the market’s growth.

North America Is Largest Region Owing to Advanced Healthcare Infrastructure and High Demand for Medical Innovations

North America holds the largest share of the epidermal growth factors market, driven by its advanced healthcare infrastructure, high healthcare expenditure, and strong presence of leading pharmaceutical companies. The region’s focus on innovation, particularly in cancer treatment and regenerative medicine, contributes significantly to the demand for EGFs. Additionally, North America's aging population, which is more susceptible to chronic conditions like diabetes and cancer, increases the need for effective wound healing treatments and therapeutic applications of EGFs.

The United States, in particular, is the dominant market player in North America, with significant investments in research and development, as well as regulatory support for the approval of novel EGF-based therapies. The high level of awareness regarding advanced wound care treatments and the availability of sophisticated healthcare services further boost the market's growth in the region.

Epidermal Growth Factors Market Size by Region 2030

Competitive Landscape: Leading Companies and Market Dynamics

The epidermal growth factors market is highly competitive, with several large multinational pharmaceutical and biotechnology companies leading the charge. Key players such as Amgen Inc., Merck & Co., Inc., Johnson & Johnson, and Regeneron Pharmaceuticals dominate the market, driving innovation and product development. These companies are focused on expanding their portfolios through the introduction of new EGF-based therapeutics for cancer treatment, wound healing, and dermatological care.

Furthermore, there is significant collaboration between pharmaceutical companies and research institutes, accelerating the development of novel EGF-based products. In addition, the market is characterized by the increasing trend of mergers and acquisitions, as companies seek to enhance their capabilities in regenerative medicine and oncology. The competition in this market is driven by advancements in biopharmaceuticals, regulatory approvals, and ongoing clinical trials aimed at improving the efficacy of EGF therapies.

List of Leading Companies:

  • Amgen Inc.
  • Merck & Co., Inc.
  • Eli Lilly and Company
  • Johnson & Johnson
  • Pfizer Inc.
  • Novartis AG
  • Sanofi S.A.
  • Genentech, Inc.
  • Regeneron Pharmaceuticals, Inc.
  • GlaxoSmithKline PLC
  • Teva Pharmaceutical Industries Ltd.
  • Bio-Rad Laboratories, Inc.
  • Mylan N.V.
  • Boehringer Ingelheim International GmbH
  • AbbVie Inc.

Recent Developments:

  • Regeneron Pharmaceuticals received FDA approval for a new EGF-based drug designed to treat non-small cell lung cancer, improving treatment options for patients with advanced stages of the disease.
  • Amgen Inc. recently launched a new recombinant EGF product aimed at promoting faster wound healing in diabetic patients, enhancing treatment efficacy.
  • Johnson & Johnson expanded its skincare line with a novel EGF-infused serum targeting anti-aging and skin regeneration, responding to the growing demand in the cosmeceuticals market.
  • Eli Lilly and Company completed the acquisition of a biotech firm specializing in epidermal growth factors, enhancing its R&D capabilities for wound healing treatments.
  • Sanofi S.A. announced a strategic partnership with a leading skin regeneration company to develop new EGF therapies for use in burns and cosmetic procedures, expanding its market reach.

Report Scope:

Report Features

Description

Market Size (2023)

USD 2.1 Billion

Forecasted Value (2030)

USD 3.3 Billion

CAGR (2024 – 2030)

6.5%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Epidermal Growth Factors Market By Product Type (Recombinant Epidermal Growth Factors, Synthetic Epidermal Growth Factors, Natural Epidermal Growth Factors), By Application (Cancer Treatment, Wound Healing, Cosmetic Surgery, Hair Growth Treatment, Burns Treatment), By End-User Industry (Pharmaceutical Industry, Healthcare & Wellness, Cosmeceuticals, Biotechnology Industry, Research & Development)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Amgen Inc., Merck & Co., Inc., Eli Lilly and Company, Johnson & Johnson, Pfizer Inc., Novartis AG, Sanofi S.A., Genentech, Inc., Regeneron Pharmaceuticals, Inc., GlaxoSmithKline PLC, Teva Pharmaceutical Industries Ltd., Bio-Rad Laboratories, Inc., Mylan N.V., Boehringer Ingelheim International GmbH, AbbVie Inc.

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Epidermal Growth Factors Market, by  Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Recombinant Epidermal Growth Factors

   4.2. Synthetic Epidermal Growth Factors

   4.3. Natural Epidermal Growth Factors

5. Epidermal Growth Factors Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Cancer Treatment

   5.2. Wound Healing

   5.3. Cosmetic Surgery

   5.4. Hair Growth Treatment

   5.5. Burns Treatment

   5.6. Others

6. Epidermal Growth Factors Market, by  End-User Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Pharmaceutical Industry

   6.2. Healthcare & Wellness

   6.3. Cosmeceuticals

   6.4. Biotechnology Industry

   6.5. Research & Development

7. Epidermal Growth Factors Market, by  End-User (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Hospitals

   7.2. Cancer Research Institutes

   7.3. Specialty Clinics

   7.4. Homecare Settings

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Epidermal Growth Factors Market, by  Product Type

      8.2.7. North America Epidermal Growth Factors Market, by Application

      8.2.8. North America Epidermal Growth Factors Market, by  End-User Industry

      8.2.9. North America Epidermal Growth Factors Market, by End-User

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Epidermal Growth Factors Market, by  Product Type

               8.2.10.1.2. US Epidermal Growth Factors Market, by Application

               8.2.10.1.3. US Epidermal Growth Factors Market, by  End-User Industry

               8.2.10.1.4. US Epidermal Growth Factors Market, by End-User

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Amgen Inc.

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Merck & Co., Inc.

   10.3. Eli Lilly and Company

   10.4. Johnson & Johnson

   10.5. Pfizer Inc.

   10.6. Novartis AG

   10.7. Sanofi S.A.

   10.8. Genentech, Inc.

   10.9. Regeneron Pharmaceuticals, Inc.

   10.10. GlaxoSmithKline PLC

   10.11. Teva Pharmaceutical Industries Ltd.

   10.12. Bio-Rad Laboratories, Inc.

   10.13. Mylan N.V.

   10.14. Boehringer Ingelheim International GmbH

   10.15. AbbVie Inc.

11. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Epidermal Growth Factors Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Epidermal Growth Factors Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Epidermal Growth Factors Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Epidermal Growth Factors Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Epidermal Growth Factors Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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