North America Sodium-Dependent Glucose Co-Transporter 2 (Sglt2) Market Size (2024 - 2029)

North America SGLT2 Market Analysis

The North America Sodium-Dependent Glucose Co-Transporter 2 Market size is estimated at USD 7.39 billion in 2024, and is expected to reach USD 10.99 billion by 2029, growing at a CAGR of 8.67% during the forecast period (2024-2029).

COVID-19 significantly exacerbate Diabetes risks because the virus binds to pancreatic cells that produce insulin and could exert a toxic effect on them. In fact, they point out, studies of the earlier SARS-CoV-1 virus found that many infected patients had increased blood sugar. Drugmakers are rushing to advance potential treatments for the fast-spreading virus outbreak that has infected more people globally and so far, many were killed by the respiratory illness, according to a Reuters tally. SGLT2 inhibitors drug maker, AstraZeneca said 'it is committed to finding new solutions to fight COVID-19 by investigating the application of new and existing medicines.'

An FDA-approved group of prescription drugs known as SGLT2 inhibitors is used in combination with diet and exercise to decrease blood sugar levels in persons with type 2 diabetes. SGLT2 inhibitors include canagliflozin, dapagliflozin, and empagliflozin as medications. They can be found as one-ingredient formulations or in mixtures with other diabetic medications like metformin. By encouraging the kidneys to eliminate sugar from the body through the urine, SGLT2 inhibitors reduce blood sugar levels. The FDA has not authorized SGLT2 inhibitors for use in individuals with type 1 diabetes because their safety and effectiveness in these patients have not been shown.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.

North America SGLT2 Industry Segmentation

A class of antihyperglycemic medications known as sodium-glucose co-transporter-2 (SGLT-2) inhibitors works by inhibiting the SGLT-2 proteins found in the renal proximal convoluted tubules. It works by preventing filtered glucose from being reabsorbed into the tubular lumen. North America's sodium-dependent glucose cotransporter 2 market witnessed USD 7.1 billion in the current year and is anticipated to register a CAGR of over 10% during the forecast period. The North American Sodium-dependent Glucose Cotransporter 2 Market is segmented by drugs (Invokana, Jardiance, and Farxiga/Forxiga) and geography (United States, Canada, and rest of North America). The report offers the value (in USD) and volume (in units) for the above segments. We will provide a segment-wise breakdown (value and volume) for all the countries covered under the Table of Contents.