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(Medical-NewsWire.com, June 19, 2017 ) According to the report Middle East and Africa Anti-venom Market, published by Market Data Forecast, this market is projected to reach USD 129.3 million by 2021, at a CAGR of 6.27% from 2016 to 2021.
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Anti-venom is the product which is used in treating venomous bites. The anti-venom is extracted from the animals such as snakes, spiders, scorpions, and other harmful animals. The process of making the antidote involves milking the venom, cooling and labelling, choosing an animal for immunization, immunizing and purifying. The product is used either in the form of dried powder or in the liquid form. Approximately about 35000-55000 people are prone to snakebites annually in Africa.
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Increasing number of poisonous animals bite cases, raise in the requirement for anti-venom products, issuing of new Pan-African valence anti venom products using modern proteomic & anti venom tools or techniques, and presence of anti-venom financing systems are driving the development of the Middle-East & Africa Anti venom Market. However, death of anti toxic products, higher manufacturing costs, decline in anti venom production, and limited acceptance of anti venom products are enhancing the emergence of Middle-East & Africa Anti venom Market.
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By Hyperimmune sera
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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).
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Scope of the Anti-Venom Market Study:
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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