Latin America Antivenom Market by Type [Vaccines and Hyperimmune Sera (Homologous & Heterologous)] and by Animal (Snakes, Scorpions, Spiders, and Others) - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
According to the report Latin America Antivenom, published by Market Data Forecast, the global market is projected to reach USD 160.6 million by 2021, at a CAGR of 7.42% from 2016 to 2021.
Latin America Antivenom Market 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.
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To overcome poisonous effects after venomous bites the manufacturers developed number of Antivenom products including vaccines and hyperimmune sera. This has been due to a combination of factors, including Inadequate investment by governments and non-government organisations, High manufacturing costs and inefficient production processes, Inconsistent quality standards; and Inappropriate clinical application.
Latin America Antivenom Market: Drivers & Restraints
Growing number of low cost antivenom products, increasing government initiations towards the development of effective antivenom products, rising number snake bite cases as compared to developed regions are driving the growth Latin America Antivenom Market. However, insufficient funding from public & private organizations, high cost of the products, and limited accessibility of products are expected to limit the growth of Latin America Market.
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Latin America Antivenom Market: Segmentation
- Hyperimmune Sera
- Y-o-Y Growth Analysis, By type
- Market Attractiveness Analysis, By Type
- Market Share Analysis, By Type
- Y-o-Y Growth Analysis, By Animal
- Market Attractiveness Analysis, By Animal
- Market Share Analysis, By Animal
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Latin America Antivenom Market: Overview
As discussed earlier, Snake bite is a neglected public health issue in many tropical and subtropical countries. About 5 million snake bites occur each year, resulting in up to 2.5 million envenoming’s (poisoning from snake bites), at least 100 000 deaths and around three times as many amputations and other permanent disabilities.
Recent studies of pharmacokinetics of envenoming permitted improved understanding of immunotherapy. Improved purification of the antivenom by using immunoglobulin fragments has led to increased tolerance and efficiency of antivenoms.
The immunisation procedures and purification and use of IgG fragments for use in antivenoms development can be improved further using modern technology.
Latin America Antivenom Market: Region-wise Outlook
Geographically, Latin America Antivenom market is analysed under various countries namely Brazil, Argentina, and Mexico.
Key Questions Answered
- What is the current and future Antivenom market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the Antivenom space in Latin America?
- What are the key, high growth markets that Antivenom manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Antivenom currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Antivenom?
- What are the challenges and barriers that have hindered widespread adoption of Antivenom?
Latin America Antivenom Market: Key Players
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).
Reasons to access Latin America Antivenom Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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