Press release
Anti-Venom Global Demand Raised by Increase Opportunities in Healthcare Market Size, Share, and Global Briefing on Risk Factors and Diagnosis Analysis, 2023
Anti-Venom Market
Market Scenario
Delirium is a neurological (nervous system) condition and is a serious disturbance in mental abilities that causes mental confusion and emotional disruption. Delirium can be caused due to various factors such as older age, exposure to certain medications, alcohol abuse, surgery or other medical procedures, factors such as exposure to toxic or infectious agents, physical trauma, diet, and behavioral and occupational factors.
The Global Delirium Market is expected to grow at a CAGR of 6% during the forecast period.
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Segmentation
The global anti-venom market has been segmented on the basis of type, species, mode of action, products, and end-users.
By mode of type, the global anti-venom market has been segmented into monovalent heterologous antivenom, polyvalent heterologous antivenom, small molecule anti-toxins, and homologous antivenom.
By type of species, the global anti-venom market has been segmented into scorpions, snakes, spiders, and others.
By mode of action, the global anti-venom market has been segmented into neurotoxic, cytotoxic, cardiotoxic, haemotoxic, myotoxic, and others.
By mode of product type, the global anti-venom market has been segmented into scorpion anti-venom, snake anti-venom, spider anti-venom, and others.
By mode of end-users, the global anti-venom market has been segmented into clinics, hospitals, ambulatory surgical centers, and others.
Key Players
The prominent players operating the global anti-venom market are Stryker Corporation, Boston Scientific Corporation, Smiths Medical, Allison Medical Inc., Owen Mumford Ltd., Ypsomed Holding AG, Terumo Corporation, Hamilton Company, Medline Industries Inc., UltiMed Inc., Artsana S.p.a., Hu-Friedy Mfg. Co. LLC, Thermo Fisher Scientific, Dickinson and Company, Roboz Surgical Instrument, B. Braun Melsungen AG, Hill-Rom, Medtronic plc, Novo Nordisk A/s, Johnson & Johnson Services Inc, Becton, and others.
Regional Analysis:
Geographically, the anti-venom market spans across regions namely, Europe, America, Asia Pacific, and the Rest-of-the-World (RoW).
Among these, the American region is considered to dominate the anti-venom market and is estimated to retain its dominance in the coming years. The factors influencing the market growth are the accelerating prevalence of scorpion bites and snake bites coupled with increasing expenditure on healthcare.
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The European region is presumed to occupy the second position owing to the financial support by the government towards R&D activities coupled with the reimbursement scenario in this region. As per data suggested by the Eurostat, it has been noticed that among the EU member states, Germany was predicted to record the highest value of healthcare expenditure followed by France and the U.K.
The Asia Pacific region is predicted to expand at the fastest growth rate due to the presence of a huge patient population coupled with the augmenting advances in the pharmaceutical sectors in this region. As per the Indian Brand Equity Foundation, the generics market in 2016 stood at USD 26.1 billion. According to the World Health Organization, approximately 2.8 million people are bitten by snakes, and around 46 900 people die from snakebite each year.
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