2024-2033 Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market: Key Insights on Growth Opportunities
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What is the Expected Growth Trajectory for the Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market by 2033?
The sodium glucose cotransporter 2 (SGLT2) inhibitors market size has shown strong growth in recent years. It is projected to grow from $9.37 billion in 2023 to $10.17 billion in 2024, achieving a CAGR of 8.5%. Historical growth factors include early clinical trial successes, rising regulatory approvals, increasing diabetes diagnosis rates, and demand for innovative diabetes treatments.
The sodium glucose cotransporter 2 (SGLT2) inhibitors market is expected to reach $14.19 billion by 2028, at a CAGR of 8.7%. Rising diabetes prevalence, obesity, and expanding applications in heart and kidney disease are driving growth. Combination therapies and personalized medicine approaches are key trends.
What Factors Are Leading to Growth in the Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market?
The increasing prevalence of diabetes is expected to propel the growth of the sodium glucose cotransporter 2 (SGLT2) inhibitor market going forward. Diabetes refers to a group of metabolic disorders characterized by high blood sugar levels resulting from defects in insulin secretion, insulin action, or both. The rise in diabetes cases can be attributed to factors such as urbanization, stress, environmental pollutants, and a lack of access to healthcare services. Sodium glucose cotransporter 2 (SGLT2) inhibitors are used in diabetes treatment to lower blood glucose levels by preventing glucose reabsorption in the kidneys, leading to its excretion in urine. They also offer cardiovascular and renal benefits, making them a valuable option for managing diabetes and its complications.
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Which Segments Play a Key Role in Understanding the Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market?
The sodium glucose cotransporter 2 (SGLT2) inhibitors market covered in this report is segmented –
1) By Type: Invokana, Jardiance, Farxiga Or Forxiga, Suglat
2) By Route Of Administration: Oral Route, Other Route Of Administration
3) By End User: Hospitals, Homecare Settings, Clinics
What Trends Are Emerging as Game-Changers in the Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market?
Major companies in the sodium glucose cotransporter 2 (SGLT2) inhibitor market are concentrating on developing dual inhibitor therapeutic solutions to improve patient outcomes and manage blood sugar levels. Dual inhibitor therapeutic solutions refer to treatments that target two different sodium-glucose cotransporters (SGLT1 and SGLT2) to enhance efficacy in managing conditions such as heart failure and diabetes. For instance, in May 2023, Lexicon Pharmaceuticals Inc., a US-based biopharmaceutical firm, received approval from the Food and Drug Administration (FDA) for sotagliflozin, a treatment for heart failure. This first-in-class dual inhibitor of sodium-glucose cotransporters 1 and 2 is a once-daily tablet designed to decrease cardiovascular death, heart failure hospitalizations, and urgent heart failure visits in adults with heart failure, type 2 diabetes, chronic kidney disease, and other cardiovascular risk factors. Its benefits include reduced renal glucose and sodium reabsorption, leading to preload and afterload reduction and decreased sympathetic activity.
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Which Regions Are Setting the Pace for Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Growth?
North America was the largest region in the sodium glucose cotransporter 2 (SGLT2) inhibitors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sodium glucose cotransporter 2 (SGLT2) inhibitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the sodium glucose cotransporter 2 (sglt2) inhibitors market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Include
1. Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Executive Summary
2. Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Segments
3. Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Size And Template Market Growth Rate
4. Key Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Trends
5. Major Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Drivers
……
25. Key Mergers And Acquisitions In The Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market
26. Top Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Companies
27. Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market Opportunities And Strategies
28. Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors Market, Conclusions And Recommendations
29. Appendix
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