Global Antivenom Vaccines Market: Overview

The global market for antivenom vaccines has been studied from the view of past and present development trends. Future growth prospects of the market and its key segments, based on a vast set of assumptions, market analysis strategies, and expert opinions, are also covered in the report for the period between 2017 and 2025. Considered a healthcare emergency, snakebite envenoming has been receiving an increased rate of attention from a number of medicine companies and healthcare agencies in the recent years. The trend is expected to have positive implications on the overall development of the global antivenom market in the next few years as well.

This report explores in vast details a variety of factors that could have a notable influence on the overall development of the market over the said period. Factors such as drivers, challenges, regulations, trends, opportunities across segments and regions, and the competitive landscape of the market. The report also covers a thorough market attractiveness analysis for all key segments of the market so as to present a clear overview of the intensity of competition across different segments. Detailed data pertaining to these aspects could help readers gain information regarding the most promising strategic decisions that companies can make to flourish in the market.

The report can act as a thorough guide for companies, stakeholders, and intermediaries associated with the production and commercialization of antivenom vaccines in the global market as well as new companies planning to enter this market. An overview of the overall competitive dynamics of the market is also included in the report, along with the business profiles of some of the key companies operating in the market.

Snakebite envenoming is a catastrophic global health issue that kills and incapacitates millions of people annually. It has been declared a global public health emergency. Empirical data suggests that an accurate information on the burden of snakebite is unavailable and this has resulted in epidemiological knowledge gap in this field. Research findings from more than 100 countries spread across 21 geographical regions have brought to light that at least 421,000 envenomings and 20,000 snakebite deaths occur each year globally. However, the expected toll could be as high as 1,841,000 envenomings and 94,000 deaths due to snakebite globally. The highest burden of snakebites is witnessed in regions such as South Asia, South East Asia, sub-Saharan Africa, and Latin America.

Snakebite ranks low on international public health agendas as there is limited information on morbidity and mortality due to snakebite. This low priority has adversely impacted the snakebite management and in drafting out snakebite management related strategies; major fallouts of which are lack of antivenom regulation, poor access to antivenom vaccines, and untrained health workers for snakebite management. Over and above this, inconsistent demand for antivenom products, irregularities associated with manufacturers receiving payment, inappropriate clinical use of antivenom products, dearth of animals required for raising antisera, and high cost of maintaining livestock for antivenom production are some pivotal factors that have significantly deterred increased output of antivenom vaccines from manufacturers.

Despite such unfavorable business environment, antivenom manufacturers are taking positive strides toward full implementation of international guidelines and are incessantly trying to improve quality control procedures. Collaborative efforts of the Global Snakebite Initiative Limited (GSI), an internationally active non-profit organization, and Health Action International (HAI), an international NGO, to address the neglected global tragedy of snakebite envenoming are likely to entice focused attention from the global health community and donors.

The recent landmark decision by the World Health Organization (WHO) in June 2017 to adopt snakebite envenoming as a ‘category A’ neglected tropical disease (NTD) is expected to ignite the development and implementation of the long-awaited global strategy for control and eradication of snakebite envenoming. The WHO’s decision was based on the recommendation from its Strategic and Technical Advisory Group (STAG) for NTDs.

Antivenom vaccines are considered the only cure for venomous bites and stings. Various reptile bites that require an antivenom vaccine include snakes, scorpions, spiders, and others. The global antivenom vaccines market comprehensively analyzes the dynamics and competitive landscape prevailing in the market. The global market for antivenom vaccines has been analyzed from three different perspectives: type of antivenom, type of reptile, and type of venom.

In terms of type of antivenom, the market has been further sub-divided into monovalent antivenom and polyvalent antivenom. In terms of type of reptile, the market has been further classified into snakes, scorpions, spiders, and others. On the basis of type of venom, the market has been further segmented into cardiotoxic, hemotoxic, neurotoxic, cytotoxic, proteolysis, myotoxic, and others.

Geographically, the report on the antivenom vaccines market provides granular insights on North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Players operating in the global market are Alomone Labs, Ltd., Medtoxin Venom Laboratories, Micropaharm Limited, Wyeth Pharmaceuticals Limited, Haffkine Bio-Pharmaceutical Corporation Limited, Bharat Serums and Vaccines Limited, Protherics PLC, Sigma Aldrich, Institute of Immunology, and Butantan Institute.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Antivenom Vaccines Market

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