Press release
Anti-Venom Market Will Touch A New Level In Upcoming Year – Key Players Involved In The Research
The global anti-venom market report by TMR expects to be valued at a US$2.9 bn by the end of 2025 registering a CAGR of 6.8% during the forecast period from 2017 to 2025. In 2016, the market was valued at US$1.6 bn. In terms of anti-venom type, polyvalent is dominated with largest share in 2016. In 2017, the Middle East and Africa (MEA) dominated the market with revenue of around US$0.7 bn.
Increasing Prevalence of Venomous Bites to Boost Demand for Anti-Venom Treatment
Biotechnology and healthcare industry is witnessing a significant demand from developing economies globally. The key factor driving the growth of anti-venom market is the demand for anti-venom treatment being the only authorized treatment for snake bite with no option for alternative treatment. Violation of forest lands for agricultural and housing purposes has enabled human to be in close in poisonous insects and animals, thus increasing prevalence of venomous bites. High prevalence of scorpion bites, snake bites, and other animal or insect bites such as fish stings are other factors supporting growth of anti-venom market.
Continuous research and development (R&D) to provide advanced drugs and standard treatment for poisonous insect bite has boosted the development of the anti-venom market. Rising demand for anti-venoms in developing countries has encouraged key players to be present in the countries including India and Africa to offer anti-venom products at affordable price. This is another factor supporting growth of the global anti-venoms market over forecast period.
Increased in Individual Per Capita Incomes to Offer Lucrative Opportunity for Growth
However, high cost of anti-venom owing to high production cost in some regions and lack in availability of essential anti-venom stock is hampering growth of anti-venom market. Nevertheless, the developing economic conditions globally is creating a huge opportunity for the expansion of the anti-venom market. This has increased in individual per capita incomes is bound to increase spending capacity on health care. Especially in the developing countries of Asia Pacific and Middle East, growing population coupled with per capita income are important factor that are boosting growth of the market.
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This information is comprised in the new report by TMR, titled “Anti-Venom Market – (Anti-Venom Type – Monovalent and Polyvalent; Product Type – Snake Anti-Venom, Scorpion Anti-Venom, and Spider Anti-Venom; Distribution Channel – (Hospitals, Clinics and Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
The anti-venom market is segmented as follows:
By Type:
Monovalent
Polyvalent
By Product Type:
Snake Anti-Venom
Scorpion Anti-Venom
Spider Anti-Venom
By Distribution Channel:
Hospitals
Clinics
Ambulatory Surgical Centers
By Region:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
South Africa
Saudi Arabia
Rest of MEA
Important queries related to the keyword market addressed in the report:
What is the projected value of the keyword market in 2029?
In which region is the concentration of tier 1 companies the highest?
How have the evolving regulatory policies influenced the growth of the keyword market?
How are market players expanding their footprint in the global keyword market?
Which end-use is expected to dominate the keyword market in terms of share and demand?
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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