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SGLT2 Inhibitors Treatment Market Segmentation by Application (Glucose Dissipation, Blood Transfusion, Infusion, and Others); and by End-User (Hospitals, Clinics, Diagnostic Center, and Others) – Global Demand Analysis & Opportunity Outlook 2031

Buy Now Report ID: 3972 | Published Date: Feb 02, 2023

Global SGLT2 Inhibitors Treatment Market Regional Synopsis

On the basis of geographical analysis, the global SGLT2 inhibitors treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing cases of diabetes amongst the population, along with rapid improvement in the public healthcare facilities. Moreover, the various government initiatives to curb the prevalence of diabetes, is estimated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the very high prevalence of diabetes in the region. As per the data by the U.S. center for disease control and prevention (CDC), 7.3 million people, which is 11.3% of the total US population, suffer from diabetes.

SGLT2 Inhibitors Treatment Market Share Image

The global SGLT2 inhibitors treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook


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SGLT2 Inhibitors Treatment Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the global SGLT2 inhibitors treatment market includes the following segments:

By Application

  • Glucose Dissipation
  • Blood Transfusion
  • Infusion
  • Others

By End-User

  • Hospitals
  • Clinics
  • Diagnostic Centre
  • Others

Growth Drivers

  • Increasing Prevalence of Diabetes Globally
  • Growing Medical R&D Activities

Challenges

  • Competition from Existing Diabetes Treatment Drugs
  • Lack of Awareness in Middle- and Low-income Regions


Healthcare Expenditure per Capita Graph
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Top Featured Companies Dominating the Market

top-features-companies
    • Novartis International AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Boehringer Ingelheim GmbH
    • Janssen Pharmaceutical
    • GRUPO TECNIMEDE
    • Unichem Laboratories Ltd.
    • Edifício Bluepharma
    • AstraZeneca Pharmaceuticals LP
    • Eli Lilly and Company
    • The Merck Group
    • Pfizer Inc.

In-the-news

In The News

  • August 30, 2021: Danaher Corporation announced the acquisition of Aldevron, to expand Danaher's life sciences segment.

  • June 14, 2021: Novartis AG announced its collaboration with Hewlett Packard Enterprise to expand its distribution globally.


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the SGLT2 inhibitors treatment market?

Ans: The increasing incidences of diabetes mellitus is estimated to boost the market growth.

2) What would be the CAGR of SGLT2 inhibitors treatment market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2031.

3) What are the challenges affecting the SGLT2 inhibitors treatment market growth?

Ans: High competition from diabetes drugs and treatment methods is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of SGLT2 inhibitors treatment market in future?

Ans: The North America region is anticipated to provide more business opportunities over the forecast period owing to the high prevalence of diabetes in the region.

5) Who are the major players dominating the SGLT2 inhibitors treatment market?

Ans: The major players in the market are Boehringer Ingelheim GmbH, Janssen Pharmaceutical, GRUPO TECNIMEDE, Unichem Laboratories Ltd, Edifício Bluepharma, AstraZeneca Pharmaceuticals LP, Eli Lilly and Company, The Merck Group, and Pfizer Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the SGLT2 inhibitors treatment market?

Ans: The market is segmented by application, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the SGLT2 inhibitors treatment market?

Ans: The hospitals segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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