Research Nester published a report titled “SGLT2 Inhibitors Treatment Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global SGLT2 inhibitors treatment market in terms of market segmentation by application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global SGLT2 inhibitors treatment market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of end-user into hospitals, clinics, diagnostic center, and others, out of which, the hospitals segment is anticipated to hold a substantial share over the forecast period, owing to the increasing patient pool in hospitals, along with the high popularity of hospitals amongst patients.
The global SGLT2 inhibitors treatment market is estimated to grow on the back of growing incidences of diabetes across the globe. According to the report by the World Health Organization (WHO), 422 million people worldwide suffer from diabetes, in countries of all income levels, and around 1.6 million deaths are directly attributed to it each year. Furthermore, the high awareness regarding health and wellness amongst people, and increasing R&D investments in the medical sector are also expected to propel the market growth.
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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 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 suffer from diabetes. Moreover, the high healthcare expenditure in the region is further estimated to boost the market growth. As per the data by the World Bank, 16.415% of the total GDP of the North America region was spend on healthcare.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Demand for Advanced Treatment for Diabetes to Boost the Market Growth
The globally rising prevalence of lifestyle diseases, such as, diabetes, and increasing health awareness amongst people is bound to increase the demand for new and efficient treatment methods. This is estimated to boost the demand for SGLT2 inhibitors across the globe. Moreover, increasing technological advancement in the healthcare sector is estimated to boost the market growth.
However, the high competition from already existing diabetes drugs and treatment methods is expected to operate as key restraint to the growth of global SGLT2 inhibitors treatment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global SGLT2 inhibitors treatment market which includes company profiling of Boehringer Ingelheim GmbH, Janssen Pharmaceutical, GRUPO TECNIMEDE, Unichem Laboratories Ltd, Edifício Bluepharma, AstraZeneca Pharmaceuticals LP, Novartis International AG, Eli Lilly and Company, The Merck Group, and Pfizer Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global SGLT2 inhibitors treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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