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Omega 3 Prescription Drugs Market Analysis 2023-2032: International Expansion, Future Growth, Global Trends And Major Players | Abbott Laboratories, Amarin Pharmaceuticals Ireland Ltd., GSK PLC., Natrapharm Inc., Viatris Inc
Omega 3 Prescription Drugs Market
The Business Research Company's Omega 3 Prescription Drugs Global Market Report 2023 identifies Rising cases of cardiovascular diseases (CVDs) as the major driver for the Omega 3 Prescription Drugs Market's growth in the forecast period. Increased blood triglyceride levels (a fatty-like substance) are linked to a higher risk of cardiovascular disorders, and omega-3 supplements aid in regulating and lowering triglyceride levels. For instance, according to the 2021 World Health Organization (WHO) report, an estimated 17.9 million people died from CVDs, accounting for 32% of global deaths. The causes of 85% of these fatalities were heart attacks and strokes. Therefore, rising cases of cardiovascular diseases (CVDs) drive the growth of the omega-3 prescription drug market.
The global omega 3 prescription drugs market size is expected to grow from $1.37 billion in 2022 to $1.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.74%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the omega 3 prescription drugs market is expected to reach $2.09 billion in 2027 at a CAGR of 8.84%.
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Major competitors in the omega 3 prescription drugs market are Abbott Laboratories, Amarin Pharmaceuticals Ireland Ltd., GSK PLC., Natrapharm Inc., Viatris Inc., Grupo Ferrer International SA, Camber Pharmaceuticals Inc., Dr. Reddy's Laboratories Ltd., Zydus Group, Hikma Pharmaceuticals PLC, KD Pharma Group, and Woodward Pharma Services.
A key trend in the Omega 3 Prescription Drugs Market includes New product innovations. Major companies operating in the manufacturing of omega-3 drugs are focused on developing new product innovations to strengthen their position in the market. For instance, in October 2022, the European Commission gave the green light to plant-based omega-3 products from DSM for fish and animal substitutes throughout the EU. DSM claims that the product enhances plant-based foods' nutritional profile and enables the development of fish products based on animals that will be similar to current fish products. This omega 3 supplement can be used to enhance the nutritional content of goods without having an adverse effect on the marine ecosystem.
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The Omega 3 Prescription Drugs Market is segmented -
By Drug Type: Vascepa, Lovaza, Other Type
By Application Type: Hypertriglyceridemia, Other Application Type
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Omega 3 Prescription Drugs Market.
The Business Research Company's "Global Omega 3 Prescription Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Omega 3 Prescription Drugs Market Include:
1. Executive Summary
2. Omega 3 Prescription Drugs Market Characteristics
3. Omega 3 Prescription Drugs Market Trends And Strategies
4. Omega 3 Prescription Drugs Market - Macro Economic Scenario
5. Omega 3 Prescription Drugs Market Size And Growth
……
26. Africa Omega 3 Prescription Drugs Market
27. Omega 3 Prescription Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Omega 3 Prescription Drugs Market
29. Omega 3 Prescription Drugs Market Future Outlook and Potential Analysis
30. Appendix
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