Press release
Conversational AI to drive the Growth Factors Market at a CAGR of 6.9%
Market Overview:
Worldwide revenue from the growth factors market stands at US$ 1.96 Bn in 2022, with the global market estimated to expand at a CAGR of 6.9% to reach US$ 4.12 Bn by the end of 2033.
As assessed by Persistence Market Research, Interleukins growth factors contributed the largest share of 21.4% among the product category in 2022. The growth factors market holds 2.6% of the global cytokines market valued at US$ 76.1 Bn in 2022.The global growth factors market recorded a historic CAGR of 5.8% in the last 10 years from 2012 to 2022.
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Company Profiles:
Thermo Fisher Scientific
Lonza Group AG
Merck KGaA
General Electronics Company
F. Hoffmann-La Roche Ltd
Applied Biological Materials (abm), Inc.
Abcam plc.
Cell Signaling Technology, Inc.
Meridian Bioscience Inc.
Sartorius CellGenix GmbH
Bio-Techne.
Proteintech Group, Inc.
Miltenyi Biotec
Creative Bioarray
Akron Biotech
Sino Biological Inc.
Repligen corporation
LEADGENE BIOMEDICAL, INC.
PeproTech Inc.
Drivers and Restraints:
The growth factors market is driven by several factors such as the increasing prevalence of chronic diseases, rising geriatric population, and advancements in technology leading to improved product offerings. Additionally, the growing demand for regenerative medicine and the development of new and innovative products are also contributing to the growth of the market. Moreover, the increasing use of growth factors in research and development activities and the availability of government funding for research are further driving the market growth. However, there are certain restraints that can hinder the growth of the market such as the high cost of growth factors and the lack of awareness about their benefits in developing regions. Additionally, the stringent regulations governing the use of growth factors in clinical applications can also act as a barrier to the growth of the market. Overall, the growth factors market is expected to witness steady growth in the coming years due to the increasing demand for regenerative medicine and the development of new and innovative products.
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Key Segments of the Growth Factors Industry Research
By Product:
Transforming Growth Factors (TGF)
Activin
Bone Morphogenetic Proteins (BMPs)
TGF-beta Proteins
Epidermal Growth Factors (EGFs)
Platelet-Derived Growth Factors (PDGFs)
Fibroblast Growth Factors (FGFs)
Insulin-like Growth Factors (IGFs)
Vascular Endothelial Growth Factors (VEGFs)
Hepatocyte Growth Factors (HGFs)
Tumour Necrosis Factors (TNFs)
Interleukins
Others
By Grade:
GMP Grade
NON-GMP Grade
By Application:
Oncology Research
Hematology Research
Wound Healing Research
Dermatology Research
Cardiovascular Disease & Diabetes
Cell therapy and Ex vivo manufacturing
Others
By End User:
Pharmaceutical and Biotechnology Companies
Research Centres & Academic Institutes
CMO and CDMO
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About Us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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