Press release
United States VEGF & HER2 Growth Factors Market 2025 | Market Size - Top 5 Companies are Novartis AG, Biocon Limited, Thermos Fisher Scientific, Amgen Inc, Merck
Growth Factors Market
According to DataM Intelligence has released its latest research report on "Growth Factors Market Size 2025," offering in-depth insights into key growth factors such as regional performance, market segmentation, CAGR trends, revenue analysis of leading players, and major drivers shaping the industry. This report provides a clear and forward-looking perspective on market size (both value and volume), emerging opportunities, and current development status helping businesses identify growth potential and make informed strategic decisions
In September 2025, BioNTech and DualityBio reported that their Phase 3 trial of trastuzumab pamirtecan (BNT323/DB-1303) for HER2-positive breast cancer achieved its primary endpoint of progression-free survival. The ADC targets the Human Epidermal Growth Factor Receptor 2 (HER2).
In June 2025, Amgen announced that the Phase 3 FORTITUDE-101 trial of first-line bemarituzumab with mFOLFOX6 chemotherapy met its primary overall survival endpoint at interim analysis.
In November 2024, Eisai Co., Ltd. launched TASFYGO Tablets 35mg in Japan, an FGFR-selective tyrosine kinase inhibitor for unresectable biliary tract cancer patients with FGFR2 gene alterations post-chemotherapy.
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Key Highlights
North America leads the growth factors market, holding a 43.5% revenue share in 2024.
Asia Pacific is the fastest-growing region, projected to record a CAGR of 8.1% during the forecast period.
By type, Vascular Endothelial Growth Factor (VEGF) accounted for the largest share at 30.3% in 2024.
Key players include F. Hoffmann-La Roche Ltd, Eli Lilly and Company, Novartis AG, Biocon Limited, Thermo Fisher Scientific, Amgen Inc., and Merck, among others.
Restraints: The high cost of growth factor-based therapeutics and production is restricting market growth. Annual treatment expenses for patients using growth factor-based biologics range from USD 10,000 to USD 30,000. Additionally, research-use recombinant growth factors are priced from several hundred to over USD 1,000 per milligram, making them less accessible for smaller laboratories and limiting adoption in developing regions.
Top Key Players:
F. Hoffmann-La Roche Ltd, Eli Lilly and Company, Novartis AG, Biocon Limited, Thermos Fisher Scientific, Amgen Inc, Merck and among others.
Key Developments
In May 2025, Xtant Medical launched OsteoFactor Pro, an allogeneic growth factor cocktail to enhance bone healing in orthopedic and spine procedures. In September 2024, Core Biogenesis introduced Paulita (FGF-2-oleosome) and Peauforia (EGF-oleosome) for effective anti-aging treatments targeting wrinkles and hyperpigmentation.
Growth Projection:
The Global Growth Factors Market is set to witness significant growth between 2025 and 2032. While 2024 reflects steady progress, the increasing adoption of innovative strategies by leading players is expected to accelerate growth across the projected horizon. This creates a strong landscape of opportunities for businesses looking to expand, invest, and stay competitive in a rapidly evolving market.
Research Process:
The Growth Factors Market research report by DataM Intelligence leverages both primary and secondary data sources to deliver deep insights. It explores a wide range of factors shaping the industry from government regulations, market conditions, and competitive dynamics to historical trends, technological advancements, upcoming innovations, and potential challenges. This comprehensive analysis highlights growth prospects while addressing barriers, helping businesses navigate volatility and seize new opportunities
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Market Segmentation:
The vascular endothelial growth factor (VEGF) segment is set to lead the growth factors market with a 30.3% share in 2024.
In November 2024, Merck obtained an exclusive global license from LaNova Medicines Ltd. to develop, produce, and commercialize LM-299, a novel PD-1/VEGF bispecific antibody.
Application:
The oncology segment is projected to hold 31.4% of the growth factors market share in 2024.
Top Growth Regions:
Europe is projected to be the second-largest region in the global growth factors market, holding a 34.5% share in 2024.
The Asia-Pacific region is the fastest-growing segment in the global growth factors market, expected to register a CAGR of 8.1% in 2024.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Introduces the report with an overview of coverage summarizing key market segments by region, product type, and application. It offers a clear snapshot of market size, segment-wise growth potential, and both short- and long-term industry outlook.
Chapter 2: Brings forward the most valuable market insights and reveals the game-changing emerging trends shaping the industry's future.
Chapter 3: Provides a detailed analysis of the competitive landscape among Growth Factors covering revenue shares, strategic initiatives, and the latest mergers & acquisitions.
Chapter 4: Delivers comprehensive profiles of top players, including revenue, profit margins, product lines, and company milestones.
Chapters 5 & 6: Break down revenue performance across regions and countries, offering a precise view of market sizes, opportunities, and development prospects worldwide.
Chapter 7: Examines segmentation by type, revealing the size and potential of each category guiding businesses toward untapped, high-impact areas.
Chapter 8: Focuses on applications, evaluating how different downstream markets are growing and identifying promising sectors for expansion.
Chapter 9: Maps the entire industry supply chain, detailing both upstream and downstream activities for a holistic understanding.
Chapter 10: Concludes with key findings and the most critical takeaways giving stakeholders a clear direction for future strategies.
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FAQ's
Q1: How fast is the Growth Factors Market growing?
A: The Market is on a robust growth path, expected to expand at a CAGR of 7.1% between 2025 and 2032.
Q2: Which Regions dominate the Growth Factors Market?
A: Currently, North America is projected to lead the global growth factors market with a 43.5% share in 2024.
Q3: Which application holds the largest market share in Growth factors?
A: The oncology segment leads with a 31.4% share in 2024, driven by rising cancer cases and the adoption of VEGF- and HER2-targeted therapies.
Q4: Which type segment dominates the Growth factors market?
A: Vascular Endothelial Growth Factor (VEGF) leads the market with a 30.3% share in 2024, fueled by its use in cancer and ophthalmic treatments.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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