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SGLT2 Inhibitors Market is growing at a CAGR of 6.9% in the forecast period (2025-2034)

11-18-2024 08:33 AM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

SGLT2 Inhibitors Market

SGLT2 Inhibitors Market

The SGLT2 inhibitors market size was valued at USD 16.79 billion in 2024. It is projected to grow to USD 32.75 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2025 to 2034.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
SGLT2 inhibitors are a new class of oral drugs used for managing type 2 diabetes, including options like dapagliflozin, canagliflozin, empagliflozin, and more. It functions by stopping the kidneys from taking glucose back into the bloodstream. It inhibits these proteins and assists the kidneys in reducing blood glucose levels. The body eliminates the surplus glucose in the bloodstream through urine.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/sglt2-inhibitors-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:
โ€ข The growing elderly population globally is adding to the rising incidence of diabetes and associated health issues. Due to factors related to aging, older adults are at an increased risk of developing type 2 diabetes, leading to a higher demand for SGLT2 inhibitors.
โ€ข The growth of the market is affected by the authorization of new medications and widened indications by regulatory agencies like the FDA and EMA. SGLT2 inhibitors, recognized for their medical uses, have received expanded approval for more indications, such as type 2 diabetes, heart failure, and chronic kidney disease.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:
In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market.
Here is the list of the leading companies operating in the SGLT2 inhibitors market:
โ€ข AstraZeneca
โ€ข Boehringer Ingelheim International GmbH
โ€ข Bristol-Myers Squibb Company
โ€ข Eli Lilly and Company
โ€ข Glenmark Pharmaceuticals Ltd.
โ€ข Johnson & Johnson Services, Inc. (Janssen Pharmaceuticals, Inc.)
โ€ข Lexicon Pharmaceuticals, Inc.
โ€ข Merck & Co., Inc.
โ€ข Sanofi
โ€ข TheracosBio, LLC

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/sglt2-inhibitors-market/request-for-discount-pricing

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
๐๐ฒ ๐ˆ๐ง๐๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Cardiovascular
โ€ข Chronic Kidney Disease (CKD)
โ€ข Type 2 Diabetes
โ€ข Others

๐๐ฒ ๐ƒ๐ซ๐ฎ๐  ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Farxiga (Dapagliflozin)
โ€ข Inpefa (Sotagliflozin)
โ€ข Invokana (Canagliflozin)
โ€ข Jardiance (Empagliflozin)
โ€ข Qtern (Dapagliflozin/Saxagliptin)
โ€ข Other SGLT2 Inhibitors

๐๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข Hospital Pharmacies
โ€ข Online Pharmacies
โ€ข Retail Pharmacies

๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โ€ข North America
โ€ข Europe
โ€ข Asia Pacific
โ€ข Latin America
โ€ข Middle East & Africa

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/sglt2-inhibitors-market/inquire-before-buying

๐’๐†๐‹๐“๐Ÿ ๐ˆ๐ง๐ก๐ข๐›๐ข๐ญ๐จ๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โ€ข In 2024, the type 2 diabetes segment accounted for the largest revenue share in the SGLT2 inhibitors market. Urbanization often leads to lifestyle changes characterized by decreased physical activity, increased consumption of processed foods, and higher stress levels. These factors contribute to the rising prevalence of obesity and type 2 diabetes, significantly driving the SGLT2 inhibitors market.
โ€ข The online pharmacies segment is growing at the highest CAGR during the forecast period. Online pharmacies often offer competitive pricing and discounts on medications as a result of reduced overhead costs associated with online operations.
โ€ข In 2024, North America SGLT2 inhibitors market accounted for the largest market due to the increasing chronic stress and poor mental. Additionally, the increasing prevalence of diabetes patients in North America has led to a higher demand for SGLT2 inhibitors in the region.
โ€ข Asia Pacific accounted for the fastest growth in the market. Governments in the region are increasingly investing in healthcare infrastructure and initiatives to enhance access and quality. These efforts support pharmaceutical markets and the adoption of medications like SGLT2 inhibitors.
โ€ข The global key market players include AstraZeneca; Boehringer Ingelheim International GmbH; Bristol-Myers Squibb Company; Eli Lilly and Company; Glenmark Pharmaceuticals Ltd.; Johnson & Johnson Services, Inc. (Janssen Pharmaceuticals, Inc.); Lexicon Pharmaceuticals, Inc.; Merck & Co., Inc.; Sanofi; and TheracosBio, LLC.

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
๐“๐ž๐ฅ๐ž๐ซ๐š๐๐ข๐จ๐ฅ๐จ๐ ๐ฒ ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ
https://www.polarismarketresearch.com/industry-analysis/teleradiology-software-market

๐‚๐ž๐ฅ๐ฅ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ๐ข๐ง๐  ๐ˆ๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ
https://www.polarismarketresearch.com/industry-analysis/cell-processing-instruments-market

๐ƒ๐ข๐ฌ๐ฉ๐จ๐ฌ๐š๐›๐ฅ๐ž ๐„๐ง๐๐จ๐ฌ๐œ๐จ๐ฉ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ
https://www.polarismarketresearch.com/industry-analysis/disposable-endoscopes-market

๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐“๐ž๐ฅ๐ž๐ฉ๐ซ๐ž๐ฌ๐ž๐ง๐œ๐ž ๐‘๐จ๐›๐จ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ
https://www.polarismarketresearch.com/industry-analysis/medical-telepresence-robots-market

๐‚๐จ๐ฅ๐ ๐๐ฅ๐š๐ฌ๐ฆ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ
https://www.polarismarketresearch.com/industry-analysis/cold-plasma-market

Contact:
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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