(PharmaNewsWire.Com, January 04, 2017 ) According to the report Asia-pacific Anti-venom Market, published by Market Data Forecast, the global market is projected to reach USD 1,493.2 million by 2021, at a CAGR of 6.12% from 2016 to 2021.
Anti-venom is the biological product that detoxifies poisoning of venomous bites. Anti-venom is prepared from the milking venom of animals such as snakes, spiders, scorpions, and other venomous animals. It is estimated that, approximately 100,000 people die worldwide with snake bites annually. To overcome poisonous effects after venomous bites, Anti-venom products are developed including vaccines and hyper immune sera.
Inclining government initiations to promote the growth of high quality anti-venom products, presence of highest number of snake bite victims and estimated pipeline products launch are the chief driving factors of the Anti-Venom market. In addition to this evolution of deaths from venomous animals bites and increasing research to develop advanced anti-venom products are further stimulating the growth of global Anti-venom Market. However, withdrawal of anti-venom products, insufficient funding to develop the anti-venom products to meet demand, high cost of the products, regulatory complexities, and high costs of maintaining livestock for anti-venom production are restraining the growth of global Anti-venom Market.
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 Bio products Limited (India), BTG Plc (U.K.), Incepta Vaccine Ltd. (Bangladesh), and Bharat Serum and Vaccines Limited (BSV) (India) are acting as the major competitors for the market.
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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