Press release
Global Omega 3 Prescription Drugs Market Projected to Surpass $2.61 Billion by 2029 with 10.3% Annual Growth
Omega 3 Prescription Drugs
The surging number of cardiovascular diseases (CVDs) is projected to bolster the upward trend of the omega-3 prescription drug market. Elevated levels of blood triglycerides, a fat-like substance, are associated with an elevated risk of cardiovascular issues, and omega-3 supplements play a vital role in regulating and decreasing these levels. As an illustration, the World Health Organization's (WHO) 2022 report discloses that CVDs persist as the leading cause of global deaths, accounting for nearly 20.5 million fatalities, which comprises almost a third of all deaths globally. This is a notable surge compared to the prior estimate of 121 million deaths related to CVDs. Therefore, the escalating prevalence of CVDs propels the expansion of the omega-3 prescription drug market.
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What is the future CAGR of the omega 3 prescription drugs market, and how will it impact industry expansion?
In recent times, the market size of omega 3 prescription drugs has seen significant growth. The market is projected to expand from a worth of $1.61 billion in 2024 to $1.76 billion in 2025, witnessing a compound annual growth rate (CAGR) of 9.5%. The growth observed in the historic period can be linked to increased health consciousness, clinical research findings, focus on cardiovascular health, doctors' recommendations, and management of chronic diseases.
The market size for omega 3 prescription drugs is anticipated to expand quickly in the forthcoming years, poised to reach $2.61 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. The anticipated growth over this forecast period is due to a number of factors such as increasing indications, shifting consumer preferences, custom healthcare solutions, individualized medicine, and growth in clinical evidence. The period under review is expected to witness trends such as tailored health solutions, broadened health conditions, creative formulations, the rise in health supplement appeal, and the growing popularity of health apps and wearables.
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What trends are poised to drive the future success of the omega 3 prescription drugs market?
There has been an upward trend in the omega-3 prescription drug market due to novel product developments. Major participants in the omega-3 drug manufacturing sector are focusing on creating fresh innovations to solidify their market standing. For example, in October 2022, DSM was given approval by the European Commission to introduce their plant-based omega-3 products as fish and animal substitutes throughout Europe. DSM asserts that these products not only improve the nutritional value of plant-based foods, but also pave the way for the creation of animal-based fish products similar to existing fish products. This omega-3 supplement offers a way to boost the nutritional value of commodities without negatively impacting the marine ecosystem.
Which primary segments of the omega 3 prescription drugs market are driving growth and industry transformations?
The omega 3 prescription drugs market covered in this report is segmented -
1) By Drug Type: Vascepa, Lovaza, Other Type
2) By Application Type: Hypertriglyceridemia, Other Application Type
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
Subsegments:
1) By Vascepa: Pure EPA (Eicosapentaenoic Acid) Formulation, Indications For Cardiovascular Risk Reduction
2) By Lovaza: Combination Of EPA And DHA (Docosahexaenoic Acid), Indications For Hypertriglyceridemia Management
3) By Other Types: Epanova (Omega-3 Carboxylic Acids), Omega-3 Formulations In Clinical Trials, Other Prescription Omega-3 Products
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Which geographical regions are pioneering growth in the omega 3 prescription drugs market?
North America was the largest region in the omega 3 prescription drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the omega 3 prescription drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the omega 3 prescription drugs market landscape?
Major companies operating in the omega 3 prescription drugs market include Ionis Pharmaceuticals, Sarepta Therapeutics, Alnylam Pharmaceuticals, Wave Life Sciences, Dyno Therapeutics, BioNTech SE, Moderna Therapeutics, Silence Therapeutics, Arrowhead Pharmaceuticals, ProQR Therapeutics, Regulus Therapeutics, Stoke Therapeutics, Editas Medicine, Beam Therapeutics, Miragen Therapeutics, Biogen Inc., Pfizer Inc., GlaxoSmithKline plc, Arbutus Biopharma, Sanofi S.A., Benitec Biopharma, CRISPR Therapeutics, Dicerna Pharmaceuticals, Translate Bio, PepGen Inc., Sirnaomics Inc., Sterna Biologicals, Genevant Sciences, Genzyme Corporation.
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What Is Covered In The Omega 3 Prescription Drugs Global Market Report?
•Market Size Forecast: Examine the omega 3 prescription drugs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the omega 3 prescription drugs market for a structured understanding.
•Key Players Overview: Analyze major players in the omega 3 prescription drugs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the omega 3 prescription drugs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the omega 3 prescription drugs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the omega 3 prescription drugs market.
•Industry Challenges: Identify potential risks and obstacles affecting the omega 3 prescription drugs market.
•Competitive Landscape: Review strategic developments in the omega 3 prescription drugs market, including expansions, agreements, and new product launches.
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