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(Medical-NewsWire.com, September 25, 2017 ) Asia-Pacific Antivenom Market is expected to reach USD 325.7 million by 2021 from USD 215.7 million in 2016, growing at a CAGR of 8.59% during the forecast period 2016-2021. Antivenom 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. It is estimated that, approximately 40,000-80,000 people die in Asia (Majorly from India) with snake bites annually. To overcome poisonous effects after venomous bites the manufacturers developed number of Antivenom products including vaccines and hyperimmune sera.
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Rising demand for antivenom products, growing number of snake bite cases as compared to developed regions, development of effective antivenom products against more number of snake species, and increasing number of manufacturers to focus on antivenom products in the Asia region (especially in India) are driving the growth of Asia-Pacific Antivenom Market. However, dearth of antivenom products, high cost of the products, existence of new regulations, requirement of training to medical staffs, and presence of underdeveloped medical infrastructure are restraining the growth of the Asia-Pacific Antivenom Market.
Asia-Pacific Market for Antivenom is broadly categorized into type and animal. On the basis of type, Asia-Pacific Antivenom market is segmented into Vaccines and Hyperimmune Sera (Homologous & Heterologous). Based on animal the market is segmented into Snakes, Scorpions, Spiders, and Others.
Geographically, Asia-Pacific Antivenom market is segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is the fastest growing region with a CAGR of 8.59% during the forecast period 2016-2021.
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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).
Market Segmentation
1) Type
Introduction
Vaccines
Hyperimmune Sera
o Homologous
o Heterologous
Growth Analysis, By type
Attractiveness Analysis, By Type
Market Share Analysis, By Type
2) Animal
Introduction
Snakes
Scorpions
Spiders
Others
Y-o-Y Growth Analysis, By Animal
Market Attractiveness Analysis, By Animal
Market Share Analysis, By Animal
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Reasons to buy Asia-Pacific Antivenom Market Research Report:
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, color 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 Porters 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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