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(Medical-NewsWire.com, December 12, 2016 ) Antivenom can be described as the biological product that detoxifies poison from venomous bites. Theses venomous bites result in a number of clinical conditions such as secretion of excessive saliva, breathing problems, muscle weakness and other difficulties that may lead to even death in some cases.
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It is that estimated that, around 100,000 people die each year worldwide with snake bites. Public organizations in the most effected regions like Sub-African and Asia-Pacific regions are demanding to consider the snake bites as one of the neglected disease by WHO.
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Growing government initiatives to promote the development of high quality antivenom products, increasing number of number of snake bite victims (especially from Asia & Africa regions), and estimated products launch are some of the key driving factors for the growth of global Antivenom Market. In addition, increasing number of deaths from venomous animals bites and growing research to develop advanced antivenom products are further stimulating the growth of global Antivenom Market.
However, withdrawal of antivenom products from the market by players like Sanofi, insufficient funding to develop the antivenom products to meet demand is a major restraint for the market growth. high cost of the products, regulatory complexities, and high costs of maintaining livestock for antivenom production are some of the other factors hampering the growth of global Antivenom Market.
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The Antivenoms Market is segmented as following:
Based on Application:
Homologous Hyperimmune Sera
Heterologous Hyperimmune Sera
Monovalent
Polyvalent
Based on Product Type:
Snakes
Scorpions
Spiders
Others
Geographical Segmentation:
North America Antivenoms Market
Europe Antivenoms Market
Asia-Pacific Antivenoms Market
Latin America Antivenoms Market
Middle East and Africa Antivenoms Market
Some of the key market players operating in the Antivenoms market include Instituto Bioclon, S.A. de C.V. (Mexico), CSL Limited (Australia), Pfizer AG (Switzerland), Merck & Co., Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Rare Disease Therapeutics, Inc. (U.S.), Vins Bioproducts Limited (India), Incepta Vaccine Ltd. (Bangladesh), BTG Plc (U.K.), and Bharat Serum and Vaccines Limited (BSV) (India).
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The Antivenoms market study offers the following deliverables:
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 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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