Antivenom Vaccines Market– Current Trends, Opportunities & Challenges by 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Antivenom Vaccines" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Snakebite envenoming is a catastrophic global health issue that kills and incapacitates millions of people annually. It has been declared a global public health emergency. Empirical data suggests that an accurate information on the burden of snakebite is unavailable and this has resulted in epidemiological knowledge gap in this field. Research findings from more than 100 countries spread across 21 geographical regions have brought to light that at least 421,000 envenomings and 20,000 snakebite deaths occur each year globally. However, the expected toll could be as high as 1,841,000 envenomings and 94,000 deaths due to snakebite globally. The highest burden of snakebites is witnessed in regions such as South Asia, South East Asia, sub-Saharan Africa, and Latin America.
Snakebite ranks low on international public health agendas as there is limited information on morbidity and mortality due to snakebite. This low priority has adversely impacted the snakebite management and in drafting out snakebite management related strategies; major fallouts of which are lack of antivenom regulation, poor access to antivenom vaccines, and untrained health workers for snakebite management. Over and above this, inconsistent demand for antivenom products, irregularities associated with manufacturers receiving payment, inappropriate clinical use of antivenom products, dearth of animals required for raising antisera, and high cost of maintaining livestock for antivenom production are some pivotal factors that have significantly deterred increased output of antivenom vaccines from manufacturers.
Despite such unfavorable business environment, antivenom manufacturers are taking positive strides toward full implementation of international guidelines and are incessantly trying to improve quality control procedures. Collaborative efforts of the Global Snakebite Initiative Limited (GSI), an internationally active non-profit organization, and Health Action International (HAI), an international NGO, to address the neglected global tragedy of snakebite envenoming are likely to entice focused attention from the global health community and donors.
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The recent landmark decision by the World Health Organization (WHO) in June 2017 to adopt snakebite envenoming as a ‘category A’ neglected tropical disease (NTD) is expected to ignite the development and implementation of the long-awaited global strategy for control and eradication of snakebite envenoming. The WHO’s decision was based on the recommendation from its Strategic and Technical Advisory Group (STAG) for NTDs.
Antivenom vaccines are considered the only cure for venomous bites and stings. Various reptile bites that require an antivenom vaccine include snakes, scorpions, spiders, and others. The global antivenom vaccines market comprehensively analyzes the dynamics and competitive landscape prevailing in the market. The global market for antivenom vaccines has been analyzed from three different perspectives: type of antivenom, type of reptile, and type of venom.
In terms of type of antivenom, the market has been further sub-divided into monovalent antivenom and polyvalent antivenom. In terms of type of reptile, the market has been further classified into snakes, scorpions, spiders, and others. On the basis of type of venom, the market has been further segmented into cardiotoxic, hemotoxic, neurotoxic, cytotoxic, proteolysis, myotoxic, and others.
Geographically, the report on the antivenom vaccines market provides granular insights on North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Players operating in the global market are Alomone Labs, Ltd., Medtoxin Venom Laboratories, Micropaharm Limited, Wyeth Pharmaceuticals Limited, Haffkine Bio-Pharmaceutical Corporation Limited, Bharat Serums and Vaccines Limited, Protherics PLC, Sigma Aldrich, Institute of Immunology, and Butantan Institute.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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