South Korea Sodium Glucose Co-Transporter 2 (SGLT2) Inhibitor Market Analysis

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  • Type: Common Disease Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4923

  • Format: PPT, PDF

South Korea Sodium Glucose Co-Transporter 2 (SGLT 2) Inhibitor Market: Segmented By Drug Class (Canagliflozin, Empagliflozin, Dapagliflozin, Ipragliflozin and Others) – Growth, Trends and Forecasts (2019 – 2028)

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Report Overview

The South Korea sodium glucose co-transporter 2 (SGLT 2) inhibitor market size stood at around USD 90.18 million in 2019 and is projected to reach xx million by 2028, exhibiting a CAGR of around xx% during the forecast period.

SGLT2 inhibitors are a class of medications used to treat type 2 diabetes. They are also called sodium-glucose transport protein 2 inhibitors or gliflozins. SGLT2 inhibitors prevent the reabsorption of glucose from blood that is filtered through kidneys, therefore facilitating glucose excretion in the urine. This helps reduce blood sugar levels. In 2019, the domestic SGLT-2 inhibitor market has grown by about 40%. SGLT-2 inhibitors are expanding their indications in the area of ​​heart failure treatment, and growth is expected to continue due to the high possibility of expanding benefits with DPP-4 inhibitors in the domestic diabetes treatment area.

Market Drivers

The size of the SGLT-2 inhibitor market is growing because of its multi-faceted benefits. It is used not only for heart and kidney effects, but also for weight loss, leading domestic and international guidelines recommend SGLT-2 inhibitors over other oral diabetes treatments, and heart failure confirmed through cardiovascular studies.

The SGLT2 market has a high potential for growth, due to the increasing number of diabetic patients and their need for drugs that help reduce high blood glucose levels, despite being on a medication regimen, such as metformin and insulin. SGLT2 serves this specific purpose.

 

1. South Korea Sodium Glucose Co-Transporter 2 (SGLT 2) Inhibitor Market Overview……
A. Market Size
2. Market Growth Drivers…………………………………………………………….
A. Increase in Prevalence of Type 2 Diabetes
B. Multifaceted Use of SGLT-2 Inhibitor
3. Epidemiology of Type 2 Diabetes………………………………..
A. Prevalence
B. Incidence
4. Sodium Glucose Co-Transporter 2 (SGLT 2) Inhibitor Market Segmentation……………
A. Drug Class
I. Canagliflozin
II. Empagliflozin
III. Dapagliflozin
IV. Ipragliflozin
V. Others
5. Sodium Glucose Co-Transporter 2 (SGLT 2) Inhibitor Products 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. AstraZeneca Company Overview, Product & Services, Strategies & Financials
B. Boehringer Ingelheim Company Overview, Product & Services, Strategies & Financials
C. Daewoong Pharmaceuticals 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 Sodium Glucose Co-Transporter-2(SGLT 2) Inhibitor Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

On the basis of drug class, the market is segmented into canagliflozin, empagliflozin, dapagliflozin, ipragliflozin and others. AstraZeneca’s Forxiga (dapagliflozin) maintained the first position with sales of USD 28.08 million and the growth rate of 13.3% in 2019. On the other hand, Boehringer Ingelheim’s Jardiance (empagliflozin) showed a growth rate of 37.3% and recorded a prescription record of USD 26.09 million.

 

Top Players

Competition among pharmaceutical companies to secure the diabetes treatment market is very fierce. The development of diabetes treatment drugs by domestic pharmaceutical companies is focused SGLT-2 inhibitor series. Some of the major players in the market are Daewoong Pharmaceuticals, AstraZeneca, Boehringer Ingelheim, LG Chem, Dong A-ST, Daewon Pharmaceuticals, Aju Pharm, Astella Pharma and others.

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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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

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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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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