Epidermal Growth Factors (EGF) MarketSize and Trends

The global epidermal growth factors market is segmented on the basis of product type, application, end user, and geographical regions.

On the basis of product type,

Liquid
Powder

On the basis of application,

EGF Cream
EGF Lotion
EGF Mask

Based on end user,

Skin Clinics
Dermatological Centers
Others

Based on geographical regions, the global epidermal growth factors market is segmented as North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to account for major market share in the global epidermal growth factors market due to high capital investments in formulation of modern medicines. For instance, according to a CNBC report in 2017, certain companies in the U.S. are making human skin in labs to curb testing of the products on animals that involve major investments in the R&D. Europe and Asia Pacific with upcoming technologies in cosmetic industry are expected to show a rise in the sales and production of epidermal growth factors over the forecast period. For example, South Korea cosmetics industry is rapidly accelerating not only domestically but also internationally due to product launch that combines the trends of luxury and quality at affordable prices.

Market Trends

Use of epidermal growth factors has modernized the anti-aging therapies in the beauty and skin care market and are exhibiting a consistent rise in their demand. A highly trusted bacterium in biotechnology, E. coli is the basic source for protein production required in modern medicine.

Increasing inclination of the populace towards minimally invasive procedures for skin enhancement is fueling growth of the global epidermal growth factors market

The American Society of Plastic Surgeons (ASPS) released a report stating that around 15.9 million minimally invasive cosmetic procedures were performed in the U.S. during 2014-2015. These numbers provide a strong evidence to support the growth in the cosmetic industry and thereby suggesting high growth possibilities of global epidermal growth factors market.

Aspiration of large population for better looking and healthy skin is acting as a primary driver for the global epidermal growth factors market growth