Anti-venom Market Expected to Expand (US$ 1,644.9 Million) Steady 2023-2028 | Bharat Serums and Vaccines Limited (BSV), Boehringer Ingelheim International GmbH

 IMARC Group has recently released a new research study titled "Anti-venom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global anti-venom market size reached US$ 1,096.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,644.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

Anti-venom, also known as antivenin or venom antiserum, are specialized antibodies that can counteract the harmful effects of snake venom, including muscle damage, blood clotting, nervous system complications, and severe allergic reactions. It is also effective against bites from scorpions, spiders, jellyfish, and stonefish. It is generally obtained from different animals using various methods, such as milking or dissection. Since it can prevent and reverse envenoming effects and help minimize mortality and morbidity, anti-venom finds extensive applications in treating patients based on their examination, medical history, pathology, and clinical and geographic factors across the globe. 


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Anti-Venom Market Trends and Drivers:

The global anti-venom market is primarily driven by rising incidences of snakebites, especially in rural areas. Moreover, the escalating demand for anti-venoms by agricultural workers and hunters due to the increased risk of occupational injury as they are safe, effective, and affordable is positively influencing the market growth. 

Additionally, the introduction of snake venom detection kits that can quickly detect and identify snake venom in samples from bite sites, urine, plasma, blood, or other tissues and body fluids has catalyzed the market growth. Furthermore, the rising risk of bites from nocturnal and highly venomous snakes among individuals in tropical regions owing to open-plan housing and sleeping on the floor has augmented the product demand. 

Other factors, including growing awareness about snake bite treatment, a surge in cases of venomous bites, and the development of advanced anti-venoms, are also anticipated to create a positive market outlook.

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Global Anti-Venom Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Bharat Serums and Vaccines Limited (BSV), Boehringer Ingelheim International GmbH, Boston Scientific Corporation, CSL Limited, Haffkine Bio-Pharmaceutical Corporation Limited, Incepta Pharmaceuticals Limited, Merck & Co. Inc., Merck KGaA, MicroPharm Limited, Pfizer Inc. and Rare Disease Therapeutics Inc.

The report has segmented the market on the basis of region, species, anti-venom type, mode of action and end user.

Breakup by Species:

• Snake

• Scorpion

• Spider

• Others

 Breakup by Anti-venom Type:

• Polyvalent Anti-venom

• Monovalent Anti-venom

Breakup by Mode of Action:

• Cytotoxic

• Neurotoxic

• Haemotoxic

• Cardiotoxic

• Myotoxic

• Others

 Breakup by End User:

• Hospitals

• Clinics

• Ambulatory Surgical Centers

 Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023- 2028)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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