Increase in government initiatives to develop antivenoms and incidents of the venomous bites in undeveloped regions are fuelling the growth of antivenom market over the forecast period. In addition, rise in deaths due to venomous bites and technological advancements in the development of antivenom creates significant opportunities for the antivenom manufacturers. However, complexity in regulatory procedures, insufficient funding in development of antivenom, and high cost of the product are hindering growth of antivenom market.

A sample of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/global-artificial-disc-market/#ulp-4H8Z4LpNMLEuOnnx

Antivenom market segmented based on product type, animal, and distribution channel

Based on product type, global antivenom market has been segmented into
Monovalent
Polyvalent

On the basis of animal, global antivenom market is segmented into
Snake
Scorpions
Spiders
Others

On the basis of distribution channel, global antivenom market is segmented into
Hospital Pharmacies
Retail Pharmacies
Others

To view TOC of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/global-artificial-disc-market/#ulp-c654SbFYO64MsOhu

Growing demand of antivenom worldwide, especially in Africa and Asia-Pacific region owing to more number of venomous bite incidents. According to World Health Organization (WHO), about 5 Mn snake bites occur each year, resulting 2.5 Mn envenomings (poisoning because of snake bites), minimum 100,000 deaths and around three times as many amputations and other permanent disabilities. Withdrawal of antivenoms like Fav-Afrique by Pfizer further grew demand for the market. Market players are also actively involving in R&D to develop antivenoms and to enhance their market position. In addition, many market players and institutions are actively involved in the development of new antivenoms. For instance, Equine F (ab’) 2 in antivenin is being developed by Instituto Bioclon S.A (clinical trials phase 2) for treatment of poisoning by scorpion sting. Based on the aforementioned factors antivenom market is expected to grow with significant CAGR rate during the forecast period.

Need more information about this report @
https://www.precisionbusinessinsights.com/market-reports/global-artificial-disc-market/#ulp-14mlyhjMGhVjZqa3

Geographically antivenom market segmented into following regions viz. North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa. North America contributes a major share in antivenom market due to the establishment of snake poison control centres, increase in antivenom products approval, rise in number of antivenom clinical trial conducting firms and presence of established health care facilities. Asia Pacific anti venom market is expected to have lucrative market growth owing to increase in number of snake bite cases as compared to developed regions. Furthermore, development of antivenom products for several species of snakes, rising demand for antivenom products, and increase in a number of local antivenom manufacturers such as Bharath Serum, Vaccines Limited and Vins Bioproducts focusing on antivenom products in the Asia region. In the case of the Middle East and Africa region, South Africa expected to have significant growth opportunity due to the highest number of snake bites in the country. Many of the global players are expected to expand their business to African market during the forecast period.

Get access to full summary @
https://www.precisionbusinessinsights.com/market-reports/global-antivenom-market/

Some of the players in Antivenom Market are Vins Bioproducts Limited (India), Bharat Serum and Vaccines Limited (India), CSL Limited (Victoria), Rare Disease Therapeutics, Inc. (U.S.), F. Hoffmann-La Roche AG (Switzerland), Instituto Bioclon, S.A. de C.V.(Mexico), Incepta Vaccine Ltd. (Bangladesh), BTG Plc (U.K), Merck & Co., Inc. (U.S), and Pfizer Inc. (U.S.), to name a few

"About Precision Business Insights

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

Precision Business Insights mission is to provide high-quality market research reports and generate key insights to our clients. PBI’s approachable strategies are to help clients to make key decisions for business growth.

Precision Business Insights vision is to become most valued partner to fortune 500 companies by providing agile, accurate, and actionable market insights

Precision Business Insights,

Kemp House,

152 – 160 City Road,

London EC1V 2NX

Email: [email protected]

Toll Free(US): +1-866-598-1553
Website @ https://www.precisionbusinessinsights.com
"