Canada SGLT2 Inhibitor Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3144

  • Format: PPT, PDF

Canada SGLT2 Inhibitor Therapeutics Market: Segmented by Drug Type (Invokana(Canagliflozin), Jardiance(Empagliflozin), Farxiga/Forxiga(Dapagliflozin), Suglat(Ipragliflozin))- Growth, Trends, and Forecasts (2019 – 2028)

SKU: 3144 Categories: ,

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.

1. Canada SGLT2 Inhibitor Therapeutics Market Overview………………………………
A. Market Size
2. Market Driving and Restraining Factors………………………………….………….
A. Driving Factors
I. Increase in the incidence of diabetes
II. The rise in the geriatric population
B. Restraining Factors
I. The cost for SGLT2 inhibitors is very high
3. Major Diseases…………………………………………………………………………..
A. Type 2 Diabetes
B. Type-1 Diabetes
4. SGLT2 Inhibitor Therapeutics Market Segmentation…………………………………
A. By Drug Type
I. Invokana (Canagliflozin)
II. Jardiance (Empagliflozin)
III. Farxiga/Forxiga (Dapagliflozin)
IV. Suglat (Ipragliflozin)
5. SGLT2 Inhibitor Major Market Share………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Janssen Pharmaceuticals. – Company overview, Product & Services, Strategies & Financials
B. Eli Lilly- Company overview, Product & Services, Strategies & Financials
C. AstraZeneca Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of SGLT2 Inhibitor Therapeutics Market market
B. Future Opportunities
10. Conclusion

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.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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