The global epidermal growth factor (EGF) market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). EGF is a protein that promote cell growth, cell proliferation, and cell division by binding to its various receptors known as EGF receptors. The increasing demand for growth factors in regenerative medicine and the increase in research and development funding in the field of cancer research are increasing the need for growth factors which in turn driving the global EGF market.
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In addition, an increase in the number of adults developing various pathogens requiring EGF treatments are likely to create new opportunities that will affect the market growth of EGF during the forecast period. A major driver of the epidermal growth material market is a growing human preference for healthy, soft, and glossy skin. According to a report released by The Private Clinic, London, in 2019, more than 51,000 people in UK chose surgery to get makeup.
Apart from this, the number of middle-aged people and adolescents with acne-prone skin problems and healthy skin are also factors that may further exacerbate epidermal conditions across the globe and the prevalence of various EGF creams has increased dramatically in recent years, owing to an increase in the number of adults and changes in lifestyle. However, the high costs associated with treatment and the availability of alternative therapies are expected to delay the growth rate of the market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Radiant Inc., Pavay, BIO-FD&C Co. Ltd., BIOEFFECT, LipoTrue, S.L., and Ytkangdaer, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Epidermal Growth Factor Market Report by Segment
By Type
- Liquid EGF
- Powder EGF
By Application
- EGF Cream
- EGF Lotion
- EGF Mask
- Others
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