Epidermal Growth Factors (EGF) Market - Global Industry Insights, Trends, Size, Share, Outlook and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Epidermal growth factors (EGF) is a protein that helps in stimulation of cell growth, cell proliferation and cell differentiation by binding to its respective receptors known as epidermal growth factor receptors. These receptors are found in several human tissues such as parotid gland and sub- mandibular gland. The epidermal growth factors are changing the scenario of the anti-aging skin and hair care products. The EGF products are designed in ways that regenerates the damaged skin and promotes growth of healthy cells by cell differentiation and cell proliferation that results in clearer skin and youthful complexion. The epidermal growth factors commercially available are highly purified and refined using standard chromatographic techniques so as to retain the importance of the commercial product to match the human skin regeneration The epidermal growth factors has modernized the anti- aging therapies in the beauty and skin care market and are exhibiting a consistent rise in the 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 fueling growth of 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.

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 dominating 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, the 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.

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

The primary driver of the global epidermal growth factors market is the rising urge in people towards healthy, toned and glowing skin. According to a report released by The Private Clinic, London, 2015, over 51,000 Britons opted for cosmetic surgery. Moreover, increasing population of metrosexuals further creates a favorable environment for growth of the market. Apart from this, mid-age population as well as younger population with acne problems striving for younger looking and healthy skin are also potential factors that could fuel the global epidermal growth factors market. However, minimal research that has been carried out in the field and no strong evidences to prove the effectiveness of the treatment could hinder the growth of the global epidermal growth factors market.

The key players dominating the global epidermal growth factors market include Radiant Inc., Pavay, BIO-FD&C Co. Ltd., BIOEFFECT, LipoTrue, S.L., Ytkangdaer.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.