Lyophilized Antivenins Market Scope
Snake venom antiserum lyophilized is a refined and concentrated preparation of serum globulins for intravenous administration, which contains immunoglobulin fragments from horses, which were obtained from the plasma of healthy horses and which are hyperimmunized against the toxins of the above-mentioned snake species. Antivenom, also known as antivenin, poison antiserum, and antivenom immunoglobulin, is a specific treatment for poisoning. It is made up of antibodies and is used to treat certain toxic bites and stings. Antidotes are only recommended if there is significant toxicity or a high risk of toxicity. The specific antidote needed will depend on the species involved. It is given by injection. Antidotes are purified from animal serum by a variety of methods and may contain other serum proteins that can act as immunogens. Some people may have an immediate hypersensitivity reaction (anaphylaxis) or a delayed hypersensitivity reaction (serum sickness) to the antidote. Therefore, the antidote should be used with caution. However rare, severe hypersensitivity reactions that include anaphylaxis to antivenin are very much possible.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Vins Bioproducts Limited (India), Premium Serums (India) and Merck & Co (United States) |
CAGR | 4.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Lyophilized Antivenins market throughout the predicted period.
Vins Bioproducts Limited (India), Premium Serums (India) and Merck & Co (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lyophilized Antivenins market by Type , by Application (Hospital and Medical Center) and Region with country level break-up.
On the basis of geography, the market of Lyophilized Antivenins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2021, Merck known as MSD outside the United States and Canada, today announced the successful completion of the acquisition of Acceleron Pharma Inc.
In December 2023 , Merck, a leading science and technology company, today launched its AIDDISON™ drug discovery software, the first software-as-a-service platform that bridges the gap between virtual molecule design and real-world manufacturability through SynthiaTM retrosynthesis software application programing interface (API) integration.
Influencing Trend:
The Rise in Government and Non-Profit Organizations in These Regions on Various Research for the Treatment Therapeutics
Market Growth Drivers:
The Prevalence of Venomous Bites and Stings and Increasing Awareness on Anti-Venoms Available
Challenges:
The Lack of Awareness
Restraints:
Production Is Difficult and Expensive
Opportunities:
Technological Advancements and Rising Awareness Due To the Involvement of International Health Organizations
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Lyophilized Antivenins, Suppliers and Distributors of Lyophilized Antivenins, Venture Capitalists and Private Equity Firms and End-Use Industry