Press release
Growth Factors Market Set for Strong Growth to Reach US$ 4.07 Billion by 2033, Led by North America's 43.5% Market Share in 2024., Key Players - Biocon Limited, Thermos Fisher Scientific, Amgen Inc, Merck
Growth Factors Market Size
✅ North America led the growth factors market, accounting for the largest revenue share of 43.5% in 2024.
✅ The Asia Pacific region is emerging as the fastest-growing market and is projected to register the highest CAGR of 8.1% during the forecast period.
✅ Europe ranks second after North America and is projected to hold a 34.5% share of the global growth factors market in 2024.
✅ By type, vascular endothelial growth factor (VEGF) dominated the market, capturing a 30.3% revenue share in 2024.
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United States: Recent Industry Developments
✅ Jan 2026: Amgen expanded production of recombinant growth factors for oncology and regenerative medicine applications.
✅ Dec 2025: Thermo Fisher Scientific launched automated growth factor purification platforms for faster drug development.
✅ Nov 2025: Bristol-Myers Squibb initiated clinical trials combining growth factors with immunotherapy for hematologic disorders.
Japan: Recent Industry Developments
✅ Jan 2026: Takeda Pharmaceutical developed high-purity growth factors for cell therapy and tissue engineering.
✅ Dec 2025: Kyowa Kirin expanded R&D efforts in neurotrophic and hematopoietic growth factors.
✅ Nov 2025: Japanese biotech startups focused on cost-efficient recombinant growth factor production using novel expression systems.
Middle East: Recent Industry Developments
✅ Jan 2026: UAE-based biotech firms invested in local manufacturing of growth factors for regenerative medicine.
✅ Dec 2025: Saudi Arabia launched collaborations with global pharma companies to supply growth factors for clinical trials.
✅ Nov 2025: Qatar established initiatives to support research in stem cell therapies using advanced growth factor technologies.
Europe: Recent Industry Developments
✅ Jan 2026: Novartis expanded European production facilities for recombinant growth factors targeting rare diseases.
✅ Dec 2025: Lonza introduced scalable bioprocessing solutions for high-yield growth factor manufacturing.
✅ Nov 2025: UK and Germany-based research institutes advanced growth factor applications in regenerative and precision medicine.
Leading Key Players:
F. Hoffmann-La Roche Ltd, Eli Lilly and Company, Novartis AG, Biocon Limited, Thermos Fisher Scientific, Amgen Inc, Merck
Key Developments:
May 2025: Xtant Medical Holdings, Inc., a global medical technology company, introduced OsteoFactor Pro, a natural allogeneic growth factor blend designed to accelerate bone healing and improve outcomes in orthopedic and spine surgeries.
September 2024: Core Biogenesis, a biotech firm, unveiled two innovative anti-aging products for the beauty sector: Paulita (FGF-2-oleosome) and Peauforia (EGF-oleosome), offering high stability and effectiveness against wrinkles and hyperpigmentation.
Growth Forecast Projected:
The Global Growth Factors Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Growth Factors Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segmentations:
By Type: Vascular Endothelial Growth Factor (VEGF), Epidermal Growth Factor (EGF), Fibroblast Growth Factor (FGF), Platelet-derived Growth Factor (PDGF), Insulin-like Growth Factor (IGF), Others
By Application: Oncology, Dermatology & Wound Healing, Cardiovascular Disorders, Neurological Disorders, Orthopedics, Others
By End User: Hospitals & Clinics, Biopharmaceutical Companies, Research & Academic Institutes, Contract Research Organizations (CROs)
Regional Analysis for Market:
⇥ 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)
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FAQ
Q1: What is the current size of the Growth Factors Market?
A: The Growth Factors Market was valued at US$ 2.06 Billion in 2024 and is forecasted to reach US$ 4.07 Billion by 2033
Q2: What is the growth rate of the Growth Factors Market?
A: The Growth Factors market is projected to grow at a (CAGR of 7.1%) between 2025 and 2033.
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