Recombinant human egf market

Q: What will be the compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

The global recombinant human EGF market is expected to exhibit a CAGR of 9.3% during the forecast period (2021-2028). Read more

Q: What is the estimated market size of the market in 2021?

The market is estimated to be valued at US$ 10,251.1 Mn in 2021. Read more

Q: Which are the prominent players operating in the market across the globe?

Thermo Fisher Scientific, FUJIFILM Irvine Scientific, Inc., ScienCell Research Laboratories, R&D Systems, Abcam PLC, Cell Sciences, Inc., Eurofins DiscoverX, PeproTech, Inc., RayBiotech, Inc., Prospec-Tany TechnoGene Ltd., Miltenyi Biotec, Tonbo Biosciences, BioLegend, Inc., EnQuire BioReagents, STEMCELL Technologies Inc., Cell Guidance Systems Ltd., Creative BioMart, Sino Biological Inc., and BioVision, Inc. are some of the prominent players operating in the market. Read more

Q: What are the growth estimates for the market till 2028?

The market is expected to be valued at US$ 19,103.4 Mn in 2028. Read more

Q: Which are the prominent regions in the market?

North America is the prominent region in the market. Read more

Q: What are the key factors driving growth of the market?

Increasing number of product launches, rising cases of diabetes and chronic wounds, increasing research and development activities by the market players, and increasing strategic collaborations among the market players are some of the driving factors that are expected to drive growth of the market. Read more

Recombinant Human (EGF) Market, by Product Type (Heparin Binding-EGF, Transforming Growth Factor-α, Epigen, Neuregulins, Amphiregulin, Betacellulin, and Others), by Purity (98% SDS-PAGE, 95%-98% SDS-PAGE, and <95% SDS-PAGE), by Carrier Type (Carrier Protein and Carrier Free), by Formulation (Lyophilized Powder, Liquid, and Others), by Application (Wound Healing, Gastrointestinal Ulceration, Brain Tumor Therapy, and Others)and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Jul 2021
CMI4515
157 Pages
Excel & Pdf
Medical Devices

Summary

Human epidermal growth factor (EGF) is a polypeptide that binds to the receptor EGFR and initiates a chain of reactions to activate gene pathways involved in cell growth and proliferation. Recombinant human epidermal growth factor (rhEGF) is expressed in prokaryotic and eukaryotic biological systems such as bacteria, plants, and others. Recombinant human EGF can be effectively used for the treatment of acute and chronic wounds such as Stevens-Johnson syndrome, diabetic foot ulcers, scalds, bedsores, and others. rhEGF also finds its use in the cosmetics industry for improving the texture of the skin, for reducing scar formation, and for reducing hyperpigmentation, etc. In addition, rhEGF can be used to prepare synthetic culture medium, which is used in the field of bioengineering for producing prosthetic organs. Moreover, recombinant human EGF can be used for the treatment of eye damage by promoting the epidermal cell growth and repair process in the eye.

Global Recombinant Human EGF Market - Impact of the Coronavirus (COVID-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020.

According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 180,492,131 cases and 3,916,771 deaths due to coronavirus disease (COVID-19) were reported till June 27, 2021, across the globe.

Impact of COVID-19 on Demand and Supply of Recombinant Human EGF

The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors. The biotechnology sector is one such sector that has been majorly impacted by the pandemic.

The COVID-19 pandemic has impacted the entire supply chain of the biotechnology industry mainly due to strict lockdown in several regions. COVID-19 pandemic has resulted in a decrease in non-emergency operations/procedures such as cataract surgery, eye laser surgery, and others. According to the National Centre for Biotechnology Information (NCBI), in 2020, the total number of outpatient department treatment (OPD) visits decreased by 96.6% at a tertiary-care ophthalmology institute in Tamil Nadu, India. This was due to the national lockdown, which led to the restriction of movement that further resulted in decreased OPD visits as compared to 2019.

Thus, the impact of the coronavirus (COVID-19) pandemic is expected to limit the growth of the global recombinant human EGF market during the forecast period, owing to the decrease in ophthalmology procedures during the pandemic as recombinant human EGF is used in treatment of eye damages.

Figure 1: Global Recombinant Human EGF Market Share, (%), Analysis, By Application, 2021

Growing research in the field of recombinant technology is the major factor that is expected to drive the market growth over the forecast period.

The rising cases of chronic wounds, corneal damage, acute wounds, and others are expected to drive growth of recombinant human EGF market over the forecast period. For instance, a report published by Ecronicon in May 2020, stated that the prevalence of foot ulcers was 4-10% across the globe and on an average of 17.2 million hospital visits per year were concerned with wound treatments.

Moreover, the increasing number of research and development activities for exploring various uses of recombinant human EGF is expected to aid in the growth of the market over the forecast period. For instance, according to a research study published by NCBI (National Center for Biotechnology Information) in July 2020, Ocean University of China, and Luoyang Normal University, China developed a new delivery system using nanoparticles for the delivery of recombinant human EGF to the wound site. This novel system helps in improving bioavailability of EGF at the wound site and also help in maintaining its sustained release.

Recombinant Human EGF Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 10,251.1 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	9.3%	2028 Value Projection:	US$ 19,103.4 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Heparin Binding-EGF, Transforming Growth Factor-α, Epigen, Neuregulins, Amphiregulin, Betacellulin, Others By Purity: 98% SDS-PAGE, 95%-98% SDS-PAGE, <95% SDS-PAGE By Carrier Type: Carrier Protein, Carrier Free By Formulation: Lyophilized Powder, Liquid, Others By Application: Wound Healing, Gastrointestinal Ulceration, Brain Tumor Therapy, Others
Companies covered:	Thermo Fisher Scientific, FUJIFILM Irvine Scientific, Inc., ScienCell Research Laboratories, R&D Systems, Abcam PLC, Cell Sciences, Inc., Eurofins DiscoverX, PeproTech, Inc., RayBiotech, Inc., Prospec-Tany TechnoGene Ltd., Miltenyi Biotec, Tonbo Biosciences, BioLegend, Inc., EnQuire BioReagents, STEMCELL Technologies Inc., Cell Guidance Systems Ltd., Creative BioMart, Sino Biological Inc., and BioVision, Inc.
Growth Drivers:	Increasing prevalence of chronic wounds Increasing research and development activities by private and public organizations
Restraints & Challenges:	High cost of production Low levels of bioavailability and stability of few isoforms of recombinant human EGF

Global Recombinant Human EGF Market – Restraints

However, growth of the recombinant human EGF market may be hampered, owing to the high cost and disparity in efficiency of various recombinant human EGF. According to a research study published in MDPI (Multidisciplinary Digital Publishing Institute) in April 2019, potential uses of EGF have not been completely translated into commercially available products due to the high production cost of recombinant human epidermal growth factor. Moreover, according to a review article by Analytical & Pharmaceutical Research Journal in 2017, few isoforms of recombinant human EGF exhibit low levels of bioavailability and stability. Also, the same source reveals that use of some structurally different recombinant human EGF for the treatment of diabetic ulcer wounds showed different efficacies and inconsistent results.

Global Recombinant Human EGF Market – Regional Analysis

On the basis of region, the global recombinant human EGF market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to hold dominant position in the global recombinant human EGF market over the forecast period, owing to rising incidence of diabetes. For instance, according to National Diabetes Statistics Report- 2020 by Centers of Disease Control and Prevention, around 34.2 million people in the U.S. have diabetes while 34.5% of the U.S population are prediabetic. This is expected to boost the market growth of recombinant human EGF market as the rhEGFs are widely used for the treatment of diabetic foot ulcers.

Figure 2: Global Recombinant Human EGF Market Value (US$ 3,987.7 Mn), by Region, 2021

Global Recombinant Human EGF Market – Competitive Landscape

Major players operating in the global recombinant human EGF market include Thermo Fisher Scientific, FUJIFILM Irvine Scientific, Inc., ScienCell Research Laboratories, R&D Systems, Abcam PLC, Cell Sciences, Inc., Eurofins DiscoverX, PeproTech, Inc., RayBiotech, Inc., Prospec-Tany TechnoGene Ltd., Miltenyi Biotec, Tonbo Biosciences, BioLegend, Inc., EnQuire BioReagents, STEMCELL Technologies Inc., Cell Guidance Systems Ltd., Creative BioMart, Sino Biological Inc. and BioVision, Inc.

Table of Content

Table of Contents

*Browse 29 market data tables and 25 figures on "Recombinant Human EGF Market” - Global Forecast to 2028

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- Frequently Asked Questions -

What will be the compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

The global recombinant human EGF market is expected to exhibit a CAGR of 9.3% during the forecast period (2021-2028).

What is the estimated market size of the market in 2021?

The market is estimated to be valued at US$ 10,251.1 Mn in 2021.

Which are the prominent players operating in the market across the globe?

Thermo Fisher Scientific, FUJIFILM Irvine Scientific, Inc., ScienCell Research Laboratories, R&D Systems, Abcam PLC, Cell Sciences, Inc., Eurofins DiscoverX, PeproTech, Inc., RayBiotech, Inc., Prospec-Tany TechnoGene Ltd., Miltenyi Biotec, Tonbo Biosciences, BioLegend, Inc., EnQuire BioReagents, STEMCELL Technologies Inc., Cell Guidance Systems Ltd., Creative BioMart, Sino Biological Inc., and BioVision, Inc. are some of the prominent players operating in the market.

What are the growth estimates for the market till 2028?

The market is expected to be valued at US$ 19,103.4 Mn in 2028.

Which are the prominent regions in the market?

North America is the prominent region in the market.

What are the key factors driving growth of the market?

Increasing number of product launches, rising cases of diabetes and chronic wounds, increasing research and development activities by the market players, and increasing strategic collaborations among the market players are some of the driving factors that are expected to drive growth of the market.