North America Antivenom Market Opportunities and Strategic Focus Report 2016 to 2021

North America Antivenom Market is expected to reach USD 542.4 million by 2021 from USD 427.6 million in 2016, growing at a CAGR of 4.87% during the forecast period 2016-2021. Antivenom is described as the biological product that detoxifies poisoning of venomous bites. Antivenom is prepared from the milking venom of animals such as snakes, spiders, scorpions, and other venomous animals. Venomous bites result in certain clinical conditions such as secretion of excessive saliva, muscle weakness, breathing problems, and other difficulties that may lead to death also. It is estimated that, approximately 3000- 8000 people are recorded with snake bites annually in North America. To overcome poisonous effects after venomous bites manufacturers developed number of Antivenom products including vaccines and hyperimmune sera.

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Establishment new snake poison control centres, increasing antivenom products approval, growing research to support the development of effective antivenom products, rising number of clinical trial centres to conduct antivenom products study, increasing fear among people about snake bites, and presence of well-established medical care are driving the growth of North America Antivenom Market. However, stringent regulatory pathways and cost pertaining to manufacturing of antivenom products are expected to restrain the growth of North America Antivenom Market.

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North America Antivenom market is broadly categorized into type and animal. On the basis of type, North America Antivenom market is segmented into Vaccines and Hyperimmune Sera (Homologous & Heterologous). Based on animal the market is segmented into Snakes, Scorpions, Spiders, and Others. On the basis of geography, the North America Antivenom market is segmented into United States and Canada.

Key market players in the Antivenom market include Instituto Bioclon, S.A. de C.V. (Mexico), Pfizer AG (Switzerland), CSL Limited (Australia), F. Hoffmann-La Roche Ltd. (Switzerland), Merck & Co., Inc. (U.S.), Rare Disease Therapeutics, Inc. (U.S.), Vins Bioproducts Limited (India), BTG Plc (U.K.), Incepta Vaccine Ltd. (Bangladesh), and Bharat Serum and Vaccines Limited (BSV) (India).

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