Global Anti-Venom Market to Reach USD 2,059.7 Million by 2033, Propelled by Rising Incidences of Snakebites

November 12, 2024 | Healthcare

The latest report by IMARC Group, titled “Anti-Venom Market Report by Species (Snake, Scorpion, Spider, and Others), Anti-venom Type (Polyvalent Anti-venom, Monovalent Anti-venom), Mode of Action (Cytotoxic, Neurotoxic, Haemotoxic, Cardiotoxic, Myotoxic, and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers), and Region 2025-2033,” finds that the global anti-venom market reached a value of USD 1,240.1 Million in 2024. Anti-venom, also known as antivenin, or venom antiserum, are antibodies that are used to stop snake venom from causing severe allergic reactions, blood clotting, muscle injury, or nervous system problems. It also treats scorpion, spider, jellyfish, and stone fish bites. It is obtained from various animals using different methods, such as milking or dissection. As anti-venoms can prevent or reverse the envenoming effects and help minimize mortality and morbidity, they are widely used to treat patients depending on their history, examination, geographic, clinical, and pathologic factors.

Global Anti-Venom Market Trends:

The market is primarily driven by the rising incidences of snakebites, especially in rural areas. Another major growth-inducing factor is open-plan housing and the practice of sleeping on the floor, that can expose people to highly venomous snakes. This can cause serious health problems, including kidney failure, severe paralysis that prevents breathing, bleeding disorders that can lead to fatal hemorrhage, and severe local tissue destruction that can cause permanent disability. Besides this, the introduction of snake venom detection kits for in vitro detection and immunological identification of snake venom in samples from bite sites, urine, plasma, blood, or other tissues and body fluids is propelling the market growth. Moreover, the rising awareness among the masses regarding snakebite treatment and the development of advanced anti-venoms are also creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 2,059.7 Million by 2033, exhibiting a CAGR of 5.8% during 2025-2033.

Market Summary:

Based on species, the market has been segmented into snake, scorpion, spider, and others.
On the basis of the anti-venom type, the market has been bifurcated into polyvalent and monovalent anti-venom.
Based on the mode of action, the market has been categorized into cytotoxic, neurotoxic, haemotoxic, cardiotoxic, myotoxic, and others.
On the basis of the end user, the market has been classified into hospitals, clinics, and ambulatory surgical centers.
Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Bharat Serums and Vaccines Limited (BSV), Boehringer Ingelheim International GmbH, Boston Scientific Corporation, CSL Limited, Haffkine Bio-Pharmaceutical Corporation Limited, Incepta Pharmaceuticals Limited, Merck & Co. Inc., Merck KGaA, MicroPharm Limited, Pfizer Inc. and Rare Disease Therapeutics Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Species, Anti-venom Type, Mode of Action, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Bharat Serums and Vaccines Limited (BSV), Boehringer Ingelheim International GmbH, Boston Scientific Corporation, CSL Limited, Haffkine Bio-Pharmaceutical Corporation Limited, Incepta Pharmaceuticals Limited, Merck & Co. Inc., Merck KGaA, MicroPharm Limited, Pfizer Inc. and Rare Disease Therapeutics Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Anti-Venom Market to Reach USD 2,059.7 Million by 2033, Propelled by Rising Incidences of Snakebites

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