Market Snapshot:
Antivenom is defined as the medication which is made from antibodies and it is mainly used to treat venomous bites and stings. It is also known as venom antiserum, antivenin, and antivenom immunoglobulin. In the last few years, the number of snake’s bites cases has been increased. For instance, in April 2019, according to an article published by the World Health Organization, each year more than 4.5 to 5.4 million are bitten by a snake. Hence, the increasing number of cases of snake bites across the world and raising awareness of snake bites treatment.
Highlights from Anti-Venom Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2024 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Players profiled in the report are Allison Medical, Inc. (United States), Artsana S.p.a. (Italy), B. Braun Melsungen AG (Germany), Becton, Dickinson, and Company (United States), Boston Scientific Corporation (United States), Hamilton Company (United States), Hill-Rom, Inc. (United States), Hu-Friedy Mfg. Co., LLC (United States), Johnson & Johnson Services, Inc. (United States), Medline Industries, Inc. (United States) and Medtronic plc ( Ireland). Additionally, other players that are part of this comprehensive study are Novo Nordisk A/s (Denmark), Owen Mumford, Ltd. (United Kingdom), Roboz Surgical Instrument Co (United States), Smiths Medical, Inc. (United States) and Stryker Corporation (United States.
Geographic Breakdown and Segment Analysis
The Global Anti-Venom market presents a comprehensive analysis of the Anti-Venom market by product type (Snake Anti-Venom, Scorpion Anti-Venom, Spider Anti-Venom and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Anti-Venom industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Anti-Venom market
Analyst at AMA have segmented the market study of Global Anti-Venom market by Type, Application and Region.
Influencing Trend:
Rising Government Initiative in order to promote the High Quality antivenom treatment
Market Growth Drivers:
Increasing Cases of Snake Bites, and Scorpion Bites and Rising Awareness about Antivenoms and Enhancing Regulatory Framework
Challenges:
Major Concern of High Cost of Anti-Venom Owing to High Production Cost in Some Regions and Problem Related to Lack in Availability of Essential Anti-Venom Stock
Restraints:
Issue Regarding Poor Healthcare System in Low and Middle-Income Countries
Opportunities:
Growing Demand from the Emerging market such as China, India, Brazil, among others
Market Developments Activities:
In March 2, 2021, B. Braun Avitum AG, medical devices and pharmaceutical products manufacturers and service provider partnered with CytoSorbents Corporation, a critical care immunotherapy provider to launch the global co-marketing agreement to promote the use of CytoSorb® with B. Braun's latest OMNI® continuous blood purification platform and OMNIset® Plus bloodline set. This partnerdhip helped company to expand its presence in anti-venom market
In December 2018, the Bengal Chemicals & Pharmaceuticals Ltd (India) company has introduced snake anti-venom maker. Hence, this launch will affect the growth of the market in the future.
The market is highly fragmented with several major players such as Allison Medical, Inc. (United States), Artsana S.p.a. (Italy), B. Braun Melsungen AG (Germany), among others
Key Target Audience
Pharmaceutical Companies, Research and Development (R&D) Companies, Diagnostic Laboratories, Government Research Institutes and Academic Institutes and Universities