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Antivenoms Market is expected to register a CAGR of 4.4% during the forecast period 2018 to 2023| Major Vendors - PFIZER INC, BIOCLON INSTITUTE, CSL LIMITED, BTG PLC, MERCK AND CO., SIGMA ALDRICH, amongst others

04-04-2019 02:48 PM CET | Health & Medicine

Press release from: Market Prognosis

Market Analysis:

North America to Dominate the Market
North America contributes a major share in antivenom market due to the establishment of snake poison control centers, increase in antivenom products and rise in clinical trial conducting firms for antivenom products and established healthcare facilities in that region.

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Snake bite is a neglected public health issue in many tropical and subtropical countries. About 5 million snake bites occur each year, resulting in up to 2.5 million envenoming’s (poisoning from snake bites), at least 100 000 deaths and around three times as many amputations and other permanent disabilities. But due to the involvement of international health organizations for producing safe and effective antivenoms people are aware about such antivenoms drugs.
Additionally, recent advancement in pharmaceuticals is also fuelling the global antivenom market. Antivenom production is difficult and expensive, lack of regulatory capacity for the control of antivenoms in countries, and weak health systems and lack of data are acting restraints the Global Antivenom market.

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Market Segments:
Antivenoms Market is segmented by:
1. ANIMALS: SNAKES, SCORPION, SPIDERS, OTHERS
2. TYPE: POLYVALENT HETEROLOGOUS ANTIVENOMS, MONOVALENT HETEROLOGOUS ANTIVENOMS, HOMOLOGOUS ANTIVENOMS, SMALL MOLECULE ANTI-TOXINS
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• September 2017: BTGs CroFab (crotalidae polyvalent immune fab (ovine)), a drug is approved in the US for the treatment of the North American Crotalid snakebites.
• May 2017: Snakebite911, an app that contain educational information on snakes and snakes bite first aid support which is developed by BTG plc.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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