(PharmaNewsWire.Com, January 16, 2017 ) According to the report Global Antivenom Market, published by Market Data Forecast, the global market is projected to reach USD 1493.2 million by 2021, at a CAGR of 6.12% from 2016 to 2021.
Anti-venom is the organic product that detoxifies poisoning of fatal bites and stings. It is prepared from the milking venom of toxic animals such as snakes, spiders, scorpions, and other poisonous animals. Anti-venom is also known as “venom antiserum” and “anti-venom immunoglobulin. It is evaluated that, approximately 100,000 people die worldwide with snake bites annually. To vanquish poisonous effects after venomous bites, Anti-venom products are emerged including vaccines and hyper immune sera.
The prime factors that are compelling the expansion of the market are increase in the government initiations to promote the progress of high quality anti-venom products, existence of highest number of snake bite victims and appraise pipeline products launch. Additionally, advancement of deaths from venomous animal’s bites and inclining research to merge advanced anti-venom products is further stimulating the growth of Anti-venom Market. The key restraints of Anti-venom market are withdrawal of anti-venom products, insufficient funding to enlarge the anti-venom products to meet demand, high cost of the products, regulatory entanglements, and high costs of maintaining livestock for anti-venom.
The key competitors in the Anti-Venom market are 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).
• Global, 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 Porter’s 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
Checkout other related studies in the Pharmaceuticals Segment:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
