Categories: Market Research

Precocious Puberty Treatment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Precocious Puberty Treatment 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 Precocious Puberty Treatment Global Market Report 2024, The precocious puberty treatment market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased incidence of precocious puberty, rise in awareness and early diagnosis, patient and parental concerns, collaborative efforts in pediatric healthcare, pediatric endocrinologist advocacy..

The precocious puberty treatment market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing pediatric healthcare infrastructure, individualized treatment approaches, focus on psychosocial well-being, global health initiatives, patient and parental education programs.. Major trends in the forecast period include advancements in gnrh analogues, exploration of novel therapeutic targets, personalized treatment approaches, integration of long-acting formulations, focus on patient compliance and adherence, research on adjunct therapies, telemedicine for remote monitoring..

The rising prevalence of hormonal disorders is expected to propel the growth of the precocious puberty treatment market going forward. Hormonal disorders refer to medical conditions involving dysfunction or abnormalities in the endocrine system, which produces and regulates hormones. Hormonal disorders can cause precocious puberty when there is a disruption in the normal regulation of sex hormones, leading to the early activation of the hypothalamic-pituitary-gonadal (HPG) axis, which controls the onset of puberty. For instance, in June 2021, according to a report shared by the National Library of Medicine, a US-based medical library, the prevalence of hormonal disorders was around 45 per 100,000 people, with a yearly incidence of 4 occurrences per 100,000 people. Therefore, the rising prevalence of hormonal disorders is driving the growth of the precocious puberty treatment market.

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The precocious puberty treatment market covered in this report is segmented –

1) By Drug Class: Leuprorelin, Histrein, Triptorelin, Nafarelin

2) By Application: Hospitals, Clinics, Other Applications

3) By End-User: Pediatric Patients, Adults, Other End-Users

Major companies operating in the precocious puberty treatment market are focusing on drug approvals such as leuprolide acetate injection to deliver growth for the organization in the market. Drug approvals for precocious puberty treatment are increasing due to the need for more effective and safer treatments, such as leuprolide acetate injection, which provides a new therapeutic option. For instance, in November 2022, Amneal Pharmaceuticals Inc., a US-based pharmaceutical company received abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (FDA) for leuprolide acetate injection. It is a man-made form of gonadotropin-releasing hormone (GnRH) that helps to delay sexual development, such as the growth of breasts or testicles, and the onset of menstruation.

The precocious puberty treatment market report table of contents includes: