Canada SGLT2 Inhibitor Therapeutics Market Size, Competitive Landscape, Regional Outlook and Driving Factors Analysis 2028

Report Overview

Canada's SGLT2 Inhibitors Therapeutics market size stood at around USD XX million in 2019 and is projected to reach USD xx million by 2028, exhibiting a CAGR of X.X% during the forecast period.

Sodium-glucose transporters are proteins responsible for the reabsorption of glucose from kidneys. This protein family has two members: sodium-glucose cotransporter-1 (SGLT1) and sodium-glucose cotransporter-2 (SGLT2). SGLT2 is expected to reabsorb 90% of the glucose from kidneys, while SGLT1 absorbs the remaining 10%. SGLT2 inhibitors are drugs that affect the action of SGLT2 proteins, thereby reducing blood glucose levels. Hence, these are important in the treatment of type II diabetes. SGLT2 inhibitors are expected to have high consumption in the near future due to simple treatment methods and relatively better results, and preferred line of treatment for type II diabetes. Additionally, the rising prevalence of diabetes in Canada is expected to drive the global SGLT2 inhibitors market.

Market Driving and Restraining Factors

As there is a significant growth of the diabetic population, primarily type 2 diabetic patients in Canada, new innovative drugs are coming up in the market to increase access to the patients. With the increase in the diabetic population, the need and demand for diabetes drugs are expected to increase. The other factors, such as better adoption than other therapies and government initiatives, are driving the diabetes drug market. However, the higher cost of SGLT2 inhibitors is acting as a restraining factor for market growth.

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Major Players

Key players operating in the Canada SGLT2 Inhibitor Therapeutics Market are Eli Lilly, Janssen Pharmaceuticals, Boehringer Ingelheim, AstraZeneca & Bristol Myers Squibb. The SGLT2 market is highly consolidated, with few significant manufacturers having a market presence. The joint ventures between players in the recent past have helped the companies strengthen their market presence. For example, Eli Lilly and Boehringer Ingelheim together make Jardiance a prevalent SGLT2 class drug.

The report delivers the challenges in front of the Canada SGLT2 Inhibitor Therapeutics Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Canada SGLT2 Inhibitor Therapeuticss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Type:

Based on inhibitor drugs, three SGLT2 inhibitors have been approved and recommended in type II diabetes. These are canaglifozin, dapaglifozin, and empaglifozin. These drugs differ on their patient selection and related side effects. For instance, canaglifozin has a concern of hyperkalemia while dapaglifozin has concerned with the development of bladder cancer, and accordingly, the patient selection of these treatment types differs. All the SGLT2 inhibitors are administered orally; however, their kinetics and time of action differ. Canaglifozin is the first, most widely used SGLT2 inhibitor sold in Canada in 2014. In 2016, there were around 1.5 million prescriptions of SGLT2 inhibitors filled in Canada. Dapaglifozin has no generic brands available in the market and is marketed by Boehringer Ingelheim GmbH. Jardiance (Empagliflozin) has the highest growth among all the drugs in the SGLT2 class, in terms of revenue, with an expected CAGR of about XX%, during the forecast period. Jardiance was reported to have less cardiovascular risk among other oral drugs.

Major Players

Key players operating in the Canada SGLT2 Inhibitor Therapeutics Market are Eli Lilly, Janssen Pharmaceuticals, Boehringer Ingelheim, AstraZeneca & Bristol Myers Squibb. The SGLT2 market is highly consolidated, with few significant manufacturers having a market presence. The joint ventures between players in the recent past have helped the companies strengthen their market presence. For example, Eli Lilly and Boehringer Ingelheim together make Jardiance a prevalent SGLT2 class drug.

The Canada SGLT2 Inhibitor Therapeutics Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Canada SGLT2 Inhibitor Therapeutics market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Canada SGLT2 Inhibitor Therapeutics Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Canada SGLT2 Inhibitor Therapeutics market. Each section of the research study is specially prepared to explore key aspects of the global Canada SGLT2 Inhibitor Therapeutics Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canada SGLT2 Inhibitor Therapeutics market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Canada SGLT2 Inhibitor Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada SGLT2 Inhibitor Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the Canada SGLT2 Inhibitor Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada SGLT2 Inhibitor Therapeutics
Chapter 4: Presenting the Canada SGLT2 Inhibitor Therapeutics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada SGLT2 Inhibitor Therapeutics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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