According to FutureWise analysis the market for anti-venom in 2023 is US$ 0.65 billion, and is expected to reach US$ 1.32 billion by 2031 at a CAGR of 9.1%.
Anti-venom, also called antivenin, is an antibody therapy that disables the toxins within a specific venom if injected quickly into a patient after a venoums bite. Anti-venoms are purified antibodies targeting venoms or venom components. These antibodies are derived from animals that have been exposed to injected venoms. Venom is sourced from various animals in different ways. Snakes and funnel web spiders, for instance, undergo a milking process to extract their venom. Stonefish, redback spiders, and box jellyfish, on the other hand, have their anti-venoms made through dissection to obtain the venom. This may be a hazardous process. Small doses of venom or its components are injected into the creature, and the dose gradually increases as the animal builds up a tolerance to the venom.
Anti-venoms are classified into two types: monovalent and polyvalent anti-venom. Monovalent anti-venoms have a lower volume of specific antibodies that may reduce reactions but require accurate snake identification to be used. Monovalent anti-venoms are produced via the immunization of large animals, e.g., horses, with one venom, after which the horse serum can neutralize the homologous venom with minimal or no cross-neutralization against other venoms. Polyvalent anti-venoms are larger in volume and may have a higher reaction rate. They are produced via immunization with several snake venoms, and the serum can neutralize all the venoms used in its production.
FutureWise Market Research has published a report that provides an insightful analysis anti-venom market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, anti-venom market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.