Global Antivenom Market Outlook - Demand, Growth Analysis, Size And Trends 2023-2032 | Pfizer Inc., CSL Limited, Merck KGaA, Incepta Pharmaceuticals Limited, Bharat Serums and Vaccines Limited

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Antivenom Global Market Report 2023 identifies growing incidence of snake bites as the major driver for the Antivenom market's growth in the forecast period. nake bites are injuries that can lead to a potentially fatal disease caused by toxins in a venomous snake's bite. Antivenom is a specialized treatment that, when taken early and in an adequate therapeutic dose, can potentially prevent or reverse most of the symptoms of snakebite envenoming. 

The global antivenom market size is expected to grow from $1.66 billion in 2022 to $1.80 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The antivenom market size is expected to reach $2.37 billion in 2027 at a CAGR of 7.1%.

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Major competitors in the Antivenom market are Pfizer Inc., CSL Limited, Merck KGaA, Incepta Pharmaceuticals Limited, Bharat Serums and Vaccines Limited.

A key trend in the Antivenom market includes Product innovations. Companies operating in the antivenom market are developing innovative products to sustain their position in the market. For instance, in April 2021, Rare Disease Therapeutics, Inc., a US-based pharmaceutical company, launched Antivenom ANAVIP®, a new expanded FDA-approved indication. This medication is licensed to treat pit viper bites in adults and children, including rattlesnakes, copperheads, and cottonmouth/water moccasins. It was created with a lengthy half-life to lessen the possibility of re-emergent venom effects (such as platelet drop, longer bleeding times, and other abnormal blood coagulation tests), which commonly necessitated additional doses of a shorter-acting antivenom.

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The Antivenom market is segmented -

1. By Type: Monovalent, Polyvalent, Other Types
2. By Animal: Snakes, Scorpions, Spiders, Other Animals
3. By Mode of Action: Cytotoxic, Neurotoxic, Haemotoxic, Cardiotoxic, Myotoxic, Other Modes Of Action
4. By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Antivenom market.

The Business Research Company's "Global Antivenom Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Antivenom Market Include:

1. Executive Summary
2. Antivenom Market Characteristics
3. Antivenom Market Trends And Strategies
4. Antivenom Market - Macro Economic Scenario
5. Antivenom Market Size And Growth
……
26. Africa Antivenom Market
27. Antivenom Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antivenom Market
29. Antivenom Market Future Outlook and Potential Analysis
30. Appendix

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