Anti Venom Market 2021 Industry Outlook And Regional Analysis 2026



Anti Venom:

Anti-venom (also known as antivenin or anti-venene) is a biological treatment for poisonous bites and stings. The only way to get rid of a nasty bite is to use specialist anti-venoms. Snakes, scorpions, and spiders are among the reptile bites that require the anti-venom vaccine. Anti-venom for snakes are the most commonly used anti-venoms.


Market Growth:

The Anti Venom Market was worth USD 969.38 million in 2020, and it is expected to grow to USD 1585.01 million in 2026, with a CAGR of about 8.54 per cent over the forecast period.


Increased government initiatives to promote the development of high-quality anti-venom products, an increase in the number of snakebites victims, recent FDA approvals of anti-venom products, and expanded research in developing high-quality and advanced anti-venom products are driving the global anti-venom market growth.


The high cost of anti-venom due to high production costs and the scarcity of vital anti-venom stock worldwide is a big worry for the anti-venom market's growth. Furthermore, snake bites are considered one of the most neglected tropical diseases. As a result, efforts have been made on a national and international level to enhance anti-venom manufacturing to fill the supply gap for anti-venom demand.


Polyvalent heterologous anti-venom, monovalent heterologous anti-venom, homologous anti-venom, and small molecule anti-toxins are the different types of anti-venom divided based on type.


Regional Analysis:

In 2018, North America dominated the worldwide Anti venom Market, and it is expected to continue to do so over the forecast period (2020-2027). This is owing to the region's abundant snake population, an increase in snakebites, FDA approvals, and government initiatives to manufacture high-quality anti-venoms.


North America (NA), Europe, Asia Pacific (APAC), Latin America (LA), and the Middle East and Africa (MEA) are the five primary areas in which the worldwide Anti venom Market is split (MEA). Because of very dangerous snakes in many countries such as India, South Africa, Nigeria, and others, the Middle East and Africa dominate the worldwide anti-venom industry, followed by the Asia Pacific.


In the Antivenom Market. India and South Africa had large market shares. However, according to WHO, India enjoys a dominating position in the Asia Pacific anti-venom industry, accounting for over half of all annual snake bites worldwide, luring anti-venom manufacturers to the region.


Key Players:

CSL, Merck, BTG, Pfizer, Haffkine Bio-Pharmaceutical, Rare Disease Therapeutics, Flynn Pharma, Vins Bioproducts, Bharat Serums and Vaccines are the major key players in the Anti venom Market.

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