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The global Central Precocious Puberty Market is estimated to be valued at US$ 1.722.2 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2028 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Central precocious puberty (CPP) refers to the early onset of sexual maturation before the age of 8 years in girls and 9 years in boys. The signs typically seen in girls include breast development, pubic hair growth, growth spurt, and menstruation whereas in boys precocious development of genitals and pubic hair is seen. CPP can have both physical and psychological impacts on children and their families. Current treatment options include Gonadotropin-releasing hormone (GnRH) analogs which delay puberty and allow normal adult height to be achieved.
Market key trends:
Advancements in artificial intelligence and machine learning are being used for better diagnosis and monitoring of CPP. AI tools can analyze imaging and clinical data to detect the early signs of puberty and predict the risk and progression of CPP more accurately. Biopharmaceutical companies are developing new drug delivery systems for GnRH analogs to provide improved treatment options. Oral formulations and long-acting injectables are in the pipeline to offer better patient compliance over traditional daily injections. Increased awareness about CPP and its psychological impact is also driving more children to seek medical help.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low for central precocious puberty market due to high R&D and capital investment required for developing new therapies.
Bargaining power of buyers: The bargaining power of buyers is moderate as the treatment options are limited and buyers have to rely on the available treatments.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple suppliers for raw materials.
Threat of new substitutes: The threat of new substitutes is low as there are limited treatment options available for central precocious puberty.
Competitive rivalry: Competition is high among existing players in central precocious puberty market.
Key Takeaways
The global central precocious puberty market is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing awareness about early treatment.
Regional analysis: North America dominates the central precocious puberty market and is expected to continue its dominance over the forecast period. This is attributed to high awareness levels regarding available treatments in the region. Asia Pacific is expected to exhibit the highest growth rate during the forecast period due to increasing healthcare expenditure in countries such as China and India.
Key players operating in the central precocious puberty market are Teva Pharmaceutical Industries Ltd., AbbVie Inc., Arbor Pharmaceuticals, LLC, Pfizer Inc., Tolmar Pharmaceuticals, Inc., Endo International plc, Ipsen Pharma, Debiopharm Group, and Sun Pharmaceutical Industries Limited. Teva Pharmaceutical Industries Ltd. and AbbVie Inc. are the market leaders with strong product portfolio and global presence.
