Global Antivenom Market Growth 2023-2029

Global Antivenom Market Growth 2023-2029

Antivenom, also known as antivenin, venom antiserum and antivenom immunoglobulin, is a medication made from antibodies which is used to treat certain venomous bites and stings. They are only recommended if there is significant toxicity or a high risk of toxicity. The specific antivenom needed depends on the species involved. It is given by injection.

LPI (LP Information)' newest research report, the “Antivenom Industry Forecast” looks at past sales and reviews total world Antivenom sales in 2022, providing a comprehensive analysis by region and market sector of projected Antivenom sales for 2023 through 2029. With Antivenom sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Antivenom industry.

This Insight Report provides a comprehensive analysis of the global Antivenom landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Antivenom portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Antivenom market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Antivenom and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Antivenom.

The global Antivenom market size is projected to grow from US$ 938.3 million in 2022 to US$ 1264.8 million in 2029; it is expected to grow at a CAGR of 1264.8 from 2023 to 2029.

CSL is the world leading manufacturer in global Anti-Venom market with the market share of 27%, in terms of revenue, followed by Merck, BTG, Pfizer, Haffkine Bio-Pharmaceutical, Rare Disease Therapeutics, Flynn Pharma, Vins Bioproducts, Bharat Serums and Vaccines, Serum Biotech and MicroPharm. These 11 companies accounted for 68% of the revenue market share in 2019. Asia-Pacific, Middle East and Africa are the largest consumption regions, occupied about 77% of market share, in terms of volume. The application of Anti-Venom in hospital and clinics take the main global shares. The polyvalent Anti-Venom takes more global revenue shares compared to the Monovalent Anti-Venom, which accounts for 67% in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Antivenom market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Polyvalent antivenom

Monovalent antivenom

Segmentation by application

Non-profit Institutions

Hospitals and Clinic

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CSL

Merck

BTG

Pfizer

Haffkine Bio-Pharmaceutical

Rare Disease Therapeutics

Flynn Pharma

Vins Bioproducts

Bharat Serums and Vaccines

Serum Biotech

MicroPharm

Key Questions Addressed in this Report

What is the 10-year outlook for the global Antivenom market?

What factors are driving Antivenom market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Antivenom market opportunities vary by end market size?

How does Antivenom break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.