Press release
Global Antivenom Market Set to Double by 2031 Amid WHO Campaigns and Technological Innovations
"Antivenoms are no longer viewed as reactive emergency products-they are strategic components of rural public health infrastructure," said Dr. Naomi Bediako, senior global health analyst at CVMI. "What was once a fragmented market is now seeing global alignment through multilateral procurement and innovation hubs."
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Key Numbers:
• 2024 Market Value: USD 1.32 billion
• 2031 Market Value: USD 2.51 billion
• Seven-Year CAGR: 9.6 percent
• Polyvalent Antivenoms Share (2024): 64%
• Asia-Pacific Market Share: 42%
Market Drivers:
• High rural bite incidence in Asia, Africa, and Latin America
• Donor procurement programs led by WHO and UNICEF
• Next-generation freeze-dried and recombinant formats
• Rising government investment in emergency biologics
Company Highlights:
• Instituto Clodomiro Picado scaled freeze-dried lines to meet Latin American surge.
• VINS Bioproducts initiated trials for polyvalent recombinant formulations.
• Bharat Serums won African Union multi-country tender.
• MicroPharm received EU innovation funding for venom-neutralizing monoclonals.
Regional Insights:
• Asia-Pacific: Most cases and highest absolute demand for polyvalent formats.
• Africa: WHO procurement accelerates access; Sub-Saharan zone prioritized.
• Latin America: Brazil and Costa Rica dominate local production.
• North America & Europe: Innovation and orphan-drug approval zones.
For more insights, visit https://clearviewmarketinsights.com/
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About Clearview Market Insights
Clearview Market Insights is a global provider of healthcare and biologics market intelligence. We deliver actionable insights through real-world data, in-depth research, and a commitment to health equity and market transparency.
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