Press release
Omega-3 Prescription Drug Market Growth Tied To Cardiovascular Disease Surge: An Emerging Driver Transforming The Omega 3 Prescription Drugs Market Landscape
Omega 3 Prescription Drugs Market Size
What Is the Omega 3 Prescription Drugs Market Size and Projected Growth Rate?
The market size of omega 3 prescription drugs has seen robust growth recently. It's projected to rise from $1.61 billion in 2024 to $1.76 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.5%. The significant growth during the historical period is credited to escalating health awareness, ongoing clinical research, an increased focus on cardiovascular health, medical suggestions, and management of chronic diseases.
The market size of omega 3 prescription drugs is predicted to witness swift expansion in the coming years, reaching $2.61 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. The anticipated growth during the forecast period can be credited to the broadening indications, transforming consumer tastes, dedicated health solutions, personalized treatments, and growth in clinical evidence. Dominant trends during the forecast period encompass personalized health solutions, enlarged health conditions, innovative formula development, the popularity of health s, along with health applications and wearable devices.
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What Are the Major Segments in the Omega 3 Prescription Drugs Market?
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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What Are The Driving Omega 3 Prescription Drugs Market Evolution?
The surge in cardiovascular diseases (CVDs) is anticipated to bolster the development of the omega-3 prescription drug market. A higher risk of cardiovascular disorders is related to increased levels of blood triglycerides (a substance similar to fat), and omega-3 s play a crucial role in managing and reducing these triglyceride levels. For example, a 2022 report from the World Health Organization (WHO) stated that cardiovascular diseases (CVDs) continue to be the primary reason for global deaths, accounting for approximately 20.5 million deaths, which comprises nearly one-third of all worldwide fatalities. This demonstrates an uptick from the previously estimated 121 million deaths associated with CVDs. Consequently, the escalation in the incidence of cardiovascular diseases (CVDs) stimulates the expansion of the omega-3 prescription drug market.
Which Firms Dominate The Omega 3 Prescription Drugs Market Segments?
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.
What Trends Are Driving Growth in The Omega 3 Prescription Drugs Market?
The creation of innovative new products is a significant trend that is becoming increasingly popular in the omega-3 prescription drug market. Many prominent companies involved in the production of omega-3 medications are concentrating their efforts on introducing fresh product innovations, with the aim of solidifying their market standing. For instance, in October 2022, DSM received approval from the European Commission to distribute plant-based omega-3 products intended as substitutes for fish and animal products throughout the EU. DSM asserts that this product improves the nutritional profile of plant-based foods, facilitates the production of fish products derived from animals, and mirrors existing fish products. This omega 3 has the potential to boost the nutritional value of products, without negatively impacting the marine environment.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Omega 3 Prescription Drugs Market?
2. What is the CAGR expected in the Omega 3 Prescription Drugs Market?
3. What Are the Key Innovations Transforming the Omega 3 Prescription Drugs Industry?
4. Which Region Is Leading the Omega 3 Prescription Drugs Market?
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