The Central Precocious Puberty Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Central Precocious Puberty Global Market Report 2024, The central precocious puberty market size has grown strongly in recent years. It will grow from $1.81 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased prevalence of central precocious puberty, improvements in treatment approaches, impact of environmental factors, increased pediatric endocrinology services, parental concerns and seeking medical attention, patient advocacy efforts..
The central precocious puberty market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to pediatric healthcare integration, shift towards personalized medicine, parental education and awareness programs, development of longer-acting treatment options, early diagnosis and intervention.. Major trends in the forecast period include long-acting formulations, patient-centric approaches, telehealth and remote monitoring, individualized treatment approaches, collaborative care models, digital health tools for monitoring..
An increase in research and development activities is expected to propel the growth of the central precocious puberty market going forward. Research and development activities refer to various processes and activities organizations undertake to create new knowledge, products, services, or procedures or enhance existing ones. Research and development (R&D) activities play a crucial role in central precocious puberty (CPP) by contributing to a better understanding of the condition, improving diagnosis and treatment options, and enhancing the overall care of individuals suffering from central precocious puberty. For instance, in August 2023, according to Eurostat, a Luxembourg-based non-profit organization, the European government earmarked approximately $126,153 million (€117,368 million) for research and development (R&D) in 2022, marking a 5.4% rise compared to the $119,730 million (€111,393 million) allocated in 2021. Furthermore, in January 2022, according to the Regulatory Affairs Professionals Society, a US-based regulatory organization of healthcare and related products, overall, 37 drugs (74%) in 2021 were approved by the US Food and Drug Administration (FDA) through at least one expedited pathway, an increase from 68% of novel drugs in 2020. Therefore, the increase in the number of research and development activities is driving the growth of the central precocious puberty market.
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The central precocious puberty market covered in this report is segmented –
1) By Drug: Leuprolide Acetate, Triptorelin, Histrelin Acetate, Nafarelin
2) By Route Of Administration: Parenteral, Subcutaneous, Intramuscular, Other Routes Of Administrations
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
4) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
Major companies operating in the central precocious puberty market are focused on developing innovative injections, such as leuprolide acetate injections, to gain a competitive edge in the market. Leuprolide acetate injection is a synthetic hormone that acts like a natural hormone to treat various medical conditions, including advanced prostate cancer and the early onset of puberty. For instance, in November 2022, Cipla Limited, an India-based pharmaceutical company, launched Leuprolide Acetate Injection Depot 22.5 mg to treat central precocious puberty and advanced prostate cancer. Leuprolide Acetate Injection Depot is a single-dose injection device that carries 22.5 mg of leuprolide acetate for three months of treatment. It is provided as lyophilized microspheres in a single-dose vial as part of a kit that includes an easy-to-use MIXJECT transfer device and a prefilled syringe with 2 mL of 0.8% mannitol solution.
The central precocious puberty market report table of contents includes:
1. Executive Summary
2.Central Precocious Puberty Market Characteristics
3.Central Precocious Puberty Market Trends And Strategies
4.Central Precocious Puberty Market analysis
5.Central Precocious Puberty Market Size And Growth
6.Central Precocious Puberty Segmentation
7.Central Precocious Puberty Regional And Country Analysis
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27.Central Precocious Puberty Competitive Landscape And Company Profiles
28.Central Precocious Puberty Key Mergers And Acquisitions
29. Central Precocious Puberty Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cipla Limited
- Cigna Group
- Pfizer Inc.
- AbbVie Inc.
- Sanofi S.A.
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