SODIUM-DEPENDENT GLUCOSE CO-TRANSPORTER 2 (SGLT 2) MARKET Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is segmented into Drug (Invokana, Jardiance, Farxiga/Forxiga, and Suglat) and Geography. The report offers the value (in USD million) and volume (in Units million) for the above segments.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Size

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Summary
Study Period: 2018- 2028
Fastest Growing Market: Middle East and North Africa
Largest Market: North America
CAGR: > 10 %

Major Players

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Analysis

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market size was valued at USD 9,447.59 million in 2022, and is expected to reach USD 15,936.26 million by 2028, growing at a CAGR of 8.68% during the forecast period (2023-2028).

The Sodium-Dependent Glucose Cotransporter 2 market benefited from the COVID-19 pandemic. People with diabetes have a weakened immune system, which is exacerbated by COVID-19. Diabetes patients are more likely than non-diabetics to have significant problems. Diabetic medicine makers took care during COVID-19 to ensure that pharmaceuticals were delivered to diabetes patients with the assistance of local governments. "Since the start of COVID-19, our commitment to patients, our employees, and the communities where we operate has remained unchanged," NovoNordisk stated on their website. "We continue to supply our medicines and devices to people living with diabetes and other serious chronic diseases, safeguard the health of our employees, and take actions to support doctors and nurses as they work to defeat COVID-19."

SGLT-2 inhibitors, commonly known as gliflozins, are a kind of medication used to treat type 2 diabetes by lowering high blood glucose levels. SGLT-2 inhibitors have an important role in the management of cardiovascular risk factors such as blood pressure, glycemia, weight, cardiac function, and antiinflammatory action. Diabetic medications have been proposed as prospective treatments for diabetic people infected with SARS-CoV-2 during the COVID-19 epidemic. Technological advancements have increased over the period leading to several modifications either in the SGLT-2 inhibitors or the formulations being developed.

Therefore, due to increased prevalence and the aforementioned factors, the studied market is anticipated to witness growth over the analysis period.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Industry Segmentation

A family of glucose transporters is known as sodium-dependent glucose co-transporters (also known as sodium-glucose linked transporters or SGLT2). Only the proximal renal tubules express it, which is responsible for 90% of glucose reabsorption from tubular fluid. Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Witnessed USD 9.4 billion in the current year and is anticipated to register a CAGR of over 10% during the forecast period. Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is segmented into drugs (Invokana, Jardiance, Farxiga/Forxiga, and Suglat) and Geography. The report offers the value (in USD million) and volume (in Units million) for the above segments. We will provide a segment-wise breakdown (Value and Volume) for all the countries covered under the Table of Contents.

Drug
Sodium - Glucose Co-transport -2 (SGLT-2) Inhibitor
Invokana (Canagliflozin)
Jardiance (Empagliflozin)
Farxiga/Forxiga (Dapagliflozin)
Suglat (Ipragliflozin)
Geography
North America
United States
Canada
Rest of North America
Europe
France
Germany
Italy
Spain
United Kingdom
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Asia-Pacific
Japan
South Korea
China
India
Australia
Vietnam
Malaysia
Indonesia
Philippines
Thailand
Rest of Asia-Pacific
Middle-East and Africa
Saudi Arabia
Iran
Egypt
Oman
South Africa
Rest of Middle-East and Africa

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Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Trends

Jardiance is Leading the SGLT2 Market.

Jardiance, released globally in 2014, is a once-daily oral medication used to control blood glucose levels in people with Type 2 diabetes. Jardince is gaining sales compared to Invokana, with patients preferring this drug as it has a lower risk of cardiovascular diseases when compared to other SGLT2 drugs by helping the kidneys remove glucose from the bloodstream. Jardiance accounted for more than 30% of the sales in the global SGLT2 class of drugs in the current year. Jardiance is a prescription medicine used to lower blood sugar, diet, and exercise in adults with Type 2 diabetes. It reduces the risk of cardiovascular death in adults with Type 2 diabetes who also have known cardiovascular disease. Jardiance also reduces the risk of cardiovascular death and hospitalization for heart failure in adults with heart failure, when the heart cannot pump enough blood to the rest of the body. It is not for people with Type 1 diabetes. Jardiance is a prescription drug used to lower blood sugar in individuals with Type 2 diabetes and to lessen the risk of cardiovascular death in adults with Type 2 diabetes who have known cardiovascular disease. It is also used in conjunction with diet and exercise. Heart attacks, strokes, and other cardiac disorders are all examples of cardiovascular illness. Jardiance has also been shown to lower A1C in persons with Type 2 diabetes who do not have cardiovascular disease (CV disease), diet, and exercise. Jardiance may aid some people in losing weight even though it wasn't designed to do so. In a study using Jardiance alone, the average weight loss at the 10 and 25 mg doses was 2.5% and 2.8%, respectively. Jardiance also assisted some individuals in slightly lowering systolic blood pressure, which is the highest number in the blood pressure reading, when used alone or in combination with metformin, even though it was not intended to do so.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market, Volume CAGR (in%), By Drug, 2023-2028

65% of the Market Share is Occupied by North America.

North America accounts for the highest Type 2 diabetic population. The growing global Type, 2 diabetes population promotes the growth of SGLT2 drugs. Prices are comparatively high in this region. Jardiance holds 50% of the market share in the US SGLT2 market. The American Diabetes Association Standards of Care has recommended empagliflozin (the active pharmaceutical ingredient in Jardiance) as the only diabetic drug that reduces the risk of cardiovascular death in adults with Type 2 diabetes. In the United States, the prevalence of diabetes has increased dramatically during the last two decades, driven by the increased prevalence of obesity and lifestyle changes. Diabetes ranks among the fast-growing chronic diseases in the United States. About 1.75 million US citizens are diagnosed with diabetes every year. The country also has the highest obese population, a prominent cause of Type 2 diabetes.

In addition to diet and exercise, SGLT2 inhibitors, a class of FDA-approved prescription medications, are used to lower blood sugar levels in people with Type 2 diabetes. Canagliflozin, dapagliflozin, and empagliflozin are examples of drugs that are SGLT2 inhibitors. Single-ingredient formulations and combinations with other diabetes drugs, such as metformin, are available. SGLT2 inhibitors lower blood sugar levels by stimulating the kidneys to remove sugar from the body through urine. Because it has not been established that SGLT2 inhibitors are safe and effective in patients with Type 1 diabetes, the FDA has not approved their use in this population. Most pharmaceutical companies view the United States as a premium market since they can charge more for their products than in other nations while still seeing high sales. Pharmaceutical businesses that sell pharmaceuticals benefit from the insurance program in the nation, which reimburses consumers for over 50% of the cost of prescription drugs. Due to the increased prevalence of obesity in the country, the United States is expected to lead the market throughout the forecast period.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market, Growth Rate By Region, 2023-2028

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Industry Overview

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is highly consolidated, with a few significant manufacturers having a global market presence. The companies strengthen their market presence by getting approval in new forms.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Leaders

  1. Janssen Pharmaceuticals

  2. Eli Lilly

  3. Bristol Myers Squibb

  4. AstraZeneca Pharmaceuticals

  5. Astellas

*Disclaimer: Major Players sorted in no particular order

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Concentration

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market News

  • April 2022: Nippon Boehringer Ingelheim’s SGLT-2 inhibitor Jardiance (empagliflozin) obtained a label update from PMDA in Japan, allowing its use in patients with chronic heart failure with preserved ejection fraction (HFpEF) in addition to those with heart failure with reduced ejection fraction (HFrEF).
  • February 2021: AstraZeneca’s Forxiga (dapagliflozin) was approved in China to reduce the risk of cardiovascular (CV) death and hospitalization for heart failure (hHF) in adults with heart failure (NYHA class II-IV) with reduced ejection fraction (HFrEF).

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Drug

      1. 5.1.1 Sodium - Glucose Co-transport -2 (SGLT-2) Inhibitor

        1. 5.1.1.1 Invokana (Canagliflozin)

        2. 5.1.1.2 Jardiance (Empagliflozin)

        3. 5.1.1.3 Farxiga/Forxiga (Dapagliflozin)

        4. 5.1.1.4 Suglat (Ipragliflozin)

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 France

        2. 5.2.2.2 Germany

        3. 5.2.2.3 Italy

        4. 5.2.2.4 Spain

        5. 5.2.2.5 United Kingdom

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Latin America

        1. 5.2.3.1 Mexico

        2. 5.2.3.2 Brazil

        3. 5.2.3.3 Rest of Latin America

      4. 5.2.4 Asia-Pacific

        1. 5.2.4.1 Japan

        2. 5.2.4.2 South Korea

        3. 5.2.4.3 China

        4. 5.2.4.4 India

        5. 5.2.4.5 Australia

        6. 5.2.4.6 Vietnam

        7. 5.2.4.7 Malaysia

        8. 5.2.4.8 Indonesia

        9. 5.2.4.9 Philippines

        10. 5.2.4.10 Thailand

        11. 5.2.4.11 Rest of Asia-Pacific

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 Iran

        3. 5.2.5.3 Egypt

        4. 5.2.5.4 Oman

        5. 5.2.5.5 South Africa

        6. 5.2.5.6 Rest of Middle-East and Africa

  6. 6. MARKET INDICATORS

    1. 6.1 Type-1 Diabetes Population

    2. 6.2 Type-2 Diabetes Population

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 COMPANY PROFILES

      1. 7.1.1 Eli Lilly

      2. 7.1.2 Janssen Pharmaceuticals

      3. 7.1.3 Bristol Myers Squibb

      4. 7.1.4 Boehringer Ingelheim

      5. 7.1.5 AstraZeneca

      6. 7.1.6 Astellas

    2. *List Not Exhaustive
    3. 7.2 MARKET SHARE ANALYSIS

      1. 7.2.1 Eli Lilly

      2. 7.2.2 Janssen Pharmaceuticals

      3. 7.2.3 Astellas

      4. 7.2.4 Boehringer Ingelheim

      5. 7.2.5 AstraZeneca

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
*We will provide a segment-wise breakdown (Value and Volume) for all the countries covered under the Table of Contents. **Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market Research FAQs

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is studied from 2018 - 2028.

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is growing at a CAGR of >10% over the next 5 years.

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is valued at 9 Billion USD in 2018.

The Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market is valued at 14 Billion USD in 2028.

Middle East and North Africa is growing at the highest CAGR over 2021 - 2026.

North America holds highest share in 2022.

Janssen Pharmaceuticals, Eli Lilly, Bristol Myers Squibb, AstraZeneca Pharmaceuticals, Astellas are the major companies operating in Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Market.

Sodium-dependent Glucose Co-transporter 2 (SGLT 2) Industry Report

Statistics for the 2023 Sodium-dependent Glucose Co-transporter 2 (SGLT 2) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sodium-dependent Glucose Co-transporter 2 (SGLT 2) analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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