Canagliflozin Market Research Report: Share, Growth, Trends and Forecast By 2032

Global canagliflozin market size was valued at USD 2.75 billion in 2024 and is projected to reach USD 4.35 billion by 2032, with a CAGR of 6.10% during the forecast period of 2025 to 2032.

Business Apr 15, 2025 27 Add to Reading List

Canagliflozin Market Research Report: Share, Growth, Trends and Forecast By 2032

The Canagliflozin Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2032. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

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Which are the top companies operating in the Canagliflozin Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Canagliflozin Market report provides the information of the Top Companies in Canagliflozin Market in the market their business strategy, financial situation etc.

Johnson & Johnson Services, Inc. (U.S.), Boehringer Ingelheim International GmbH (Germany), AstraZeneca PLC (U.K.), Merck & Co., Inc. (U.S.), Novartis AG (Switzerland), Eli Lilly and Company (U.S.), Sanofi S.A. (France), Pfizer Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), AbbVie Inc. (U.S.), Gilead Sciences, Inc. (U.S.), GSK plc (U.K.), F. Hoffmann-La Roche AG (Switzerland), Viatris Inc. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Lupin Limited (India), Dr. Reddy's Laboratories Ltd. (India), Sandoz International GmbH (Germany), Hikma Pharmaceuticals PLC (U.K.), and Sun Pharmaceutical Industries Ltd. (India)

Report Scope and Market Segmentation

Which are the driving factors of the Canagliflozin Market?

The driving factors of the Canagliflozin Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Canagliflozin Market - Competitive and Segmentation Analysis:

**Segments**

- Based on drug class, the global canagliflozin market is segmented into SGLT-2 inhibitors, DPP-4 inhibitors, GLP-1 agonists, and others. Among these, SGLT-2 inhibitors are expected to dominate the market during the forecast period due to their efficacy in managing type 2 diabetes by inhibiting glucose reabsorption in the kidneys.
- By application, the market is classified into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is anticipated to hold a significant market share as canagliflozin is often prescribed in hospital settings for the management of diabetes.
- On the basis of end-user, the market is categorized into hospitals, specialty clinics, and others. Hospitals are projected to be the key end-users of canagliflozin owing to the high patient footfall and the availability of advanced healthcare infrastructure.

**Market Players**

- Johnson & Johnson Services, Inc.
- AstraZeneca
- Merck & Co., Inc.
- Boehringer Ingelheim International GmbH
- Eli Lilly and Company
- Pfizer Inc.
- Sanofi
- Bristol-Myers Squibb Company
- Novo Nordisk A/S
- Takeda Pharmaceutical Company Limited

The global canagliflozin market is set to witness substantial growth in the coming years, driven by factors such as the rising prevalence of diabetes, increasing geriatric population, and growing adoption of canagliflozin due to its effectiveness in managing blood sugar levels. The market players mentioned above are actively involved in strategic initiatives such as product launches, collaborations, and acquisitions to strengthen their market position and expand their product portfolio. Additionally, technological advancements in the field of diabetes management and the development of innovative formulations are expected to further drive market growth. Overall, the global canagliflozin market presents lucrative opportunities for players operating in the pharmaceutical industry.

https://www.databridThe global canagliflozin market is poised for significant growth over the forecast period, driven by several key factors shaping the pharmaceutical landscape. One of the primary drivers propelling market expansion is the increasing prevalence of diabetes worldwide. With diabetes emerging as a major global health concern, the demand for effective treatment options such as canagliflozin is on the rise. Moreover, the growing geriatric population, particularly in developed regions, is contributing to the escalating need for advanced diabetes management solutions, further fueling market growth.

Furthermore, canagliflozin's effectiveness in managing blood sugar levels and its role in improving outcomes for individuals with type 2 diabetes is a major factor boosting its adoption. As a member of the SGLT-2 inhibitor class, canagliflozin stands out for its mechanism of action, which involves inhibiting glucose reabsorption in the kidneys. This mechanism not only helps in lowering blood sugar levels but also offers additional benefits such as weight loss and cardiovascular risk reduction, making it a preferred choice among healthcare professionals and patients alike.

The segmentation of the canagliflozin market based on drug class reveals that SGLT-2 inhibitors are expected to dominate the market landscape. Given their proven efficacy in managing type 2 diabetes, these inhibitors are witnessing increased utilization in clinical settings. Additionally, the market segmentation by application highlights the importance of hospital pharmacies in the distribution and administration of canagliflozin, especially in managing acute diabetes cases within hospital settings.

In terms of end-users, hospitals are expected to emerge as key consumers of canagliflozin due to their high patient footfall and access to advanced healthcare infrastructure. Specialty clinics and other healthcare facilities also play a crucial role in driving market demand for canagliflozin, catering to specific patient needs and contributing to overall market growth.

The competitive landscape of the global canagliflozin market features prominent players such as Johnson & Johnson Services, Inc.,The global canagliflozin market is experiencing significant growth driven by various factors and trends within the pharmaceutical industry. One of the primary growth drivers is the increasing prevalence of diabetes worldwide, leading to a higher demand for effective treatment options like canagliflozin. As a result, market players are focusing on strategic initiatives such as product launches and collaborations to capitalize on this growing demand and strengthen their market position. The rising geriatric population, particularly in developed regions, is also contributing to the market expansion as advanced diabetes management solutions are increasingly sought after.

Canagliflozin's efficacy in managing blood sugar levels and improving outcomes for individuals with type 2 diabetes is a key factor influencing its adoption and preference among healthcare professionals and patients. As an SGLT-2 inhibitor, canagliflozin offers benefits beyond glucose control such as weight loss and cardiovascular risk reduction, making it a preferred choice in diabetes management. The dominance of SGLT-2 inhibitors in the market segment further solidifies canagliflozin's position as a key player in the global pharmaceutical landscape.

The segmentation of the canagliflozin market by application highlights the significant role of hospital pharmacies in the distribution and administration of the drug, particularly in acute diabetes management within hospital settings. This segment is expected to continue holding a significant market share due to the prevalent use of canagliflozin in hospital settings for diabetes management purposes. Additionally, end-users such as hospitals, specialty

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Key Benefits for Industry Participants and Stakeholders: –

Industry drivers, trends, restraints, and opportunities are covered in the study.
Neutral perspective on the Canagliflozin Market scenario
Recent industry growth and new developments
Competitive landscape and strategies of key companies
The Historical, current, and estimated Canagliflozin Market size in terms of value and size
In-depth, comprehensive analysis and forecasting of the Canagliflozin Market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2032) of the following regions are covered in Chapters

The countries covered in the Canagliflozin Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Detailed TOC of Canagliflozin Market Insights and Forecast to 2032

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Canagliflozin Market Landscape

Part 05: Pipeline Analysis

Part 06: Canagliflozin Market Sizing

Part 07: Five Forces Analysis

Part 08: Canagliflozin Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Canagliflozin Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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