EPIDERMAL GROWTH FACTORS (EGF) MARKET ANALYSIS

Regional Analysis

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.