Report Code : CVMI2603252601525 | Published Date : March 30, 2025
1 | Market Overview
The global antivenom market is vital to public health systems in regions where snakebites, scorpion stings, and spider bites are common medical emergencies. Antivenoms—also known as antivenins—are biological products derived from animal plasma and serve as life-saving treatments against venom toxicity. The market is primarily driven by unmet clinical needs, particularly in rural and tropical regions across Asia, Africa, and Latin America. Despite its critical status, the sector suffers from inconsistent funding, fragmented production systems, and limited commercial incentives, which are currently being addressed through international health collaborations, government tenders, and WHO-led procurement programs.
2 | Market Size and Forecast
Year |
Market Value (USD billion) |
Notes |
2019 |
0.95 |
Baseline from public procurement and manufacturer disclosures |
2024 |
1.32 |
Five-year CAGR: 6.8% |
2031 |
2.51 |
Seven-year CAGR: 9.6% |
Rising snakebite mortality in underserved areas, donor support, and a resurgence of interest in rare-disease biologics are key contributors to growth. WHO's target of halving snakebite deaths by 2030 has catalyzed demand forecasts and prequalification efforts.
3 | Primary Market Drivers
- High incidence of venomous bites in rural tropical zones.
- WHO and UNICEF procurement channels reducing market volatility.
- Government tenders and public-private partnerships for universal health coverage.
- Inclusion of snakebite envenoming in WHO's list of neglected tropical diseases (NTDs).
- Advances in venom profiling and recombinant antivenom development.
4 | Market Challenges
- High production costs due to plasma sourcing and purification complexity.
- Short shelf life and cold-chain requirements.
- Low commercial incentives due to lack of private-sector profitability.
- Poor rural healthcare access delays treatment.
- Risk of hypersensitivity and anaphylaxis from current formulations.
5 | Competitive Landscape
Company |
Est. 2024 Share |
Strengths |
Recent Strategic Move |
Instituto Clodomiro Picado |
14% |
Regional leader in Latin America |
Expanded freeze-dried production line in Costa Rica |
Bharat Serums and Vaccines |
12% |
Major supplier to South Asia and Africa |
Secured multi-year African Union tender |
VINS Bioproducts |
11% |
Strong presence in India and Southeast Asia |
Launched polyvalent recombinant antivenom candidate |
MicroPharm |
9% |
Niche European developer of monoclonal antivenoms |
Received EU grant for scorpion antivenom R&D |
Instituto Butantan |
8% |
Leading Brazilian supplier with government support |
Increased exports to Sub-Saharan Africa |
6 | Detailed Market Segmentation
By Type
- Polyvalent Antivenoms: 64%
- Monovalent Antivenoms: XX%
- Recombinant/Next-Gen Antivenoms: XX%
By Source Animal
- Equine (horse-derived): majority
- Ovine (sheep-derived)
- Other laboratory-based (recombinant or hybridoma)
By Distribution Channel
- Government Hospitals
- Humanitarian Aid/NGOs
- Private Hospitals & Pharmacies
By Region
- Asia-Pacific – 42%
- Africa – 28%
- Latin America – XX%
- Middle East & North Africa – XX%
- North America and Europe – Niche R&D and export hubs
7 | Technology and Innovation
- Recombinant DNA technologies reducing dependency on animal plasma.
- Freeze-dried (lyophilized) formats enhancing shelf life.
- Nanobody-based antivenoms under development for enhanced specificity.
- AI-assisted venom classification and antivenom matching.
- Adjuvant stabilization to reduce allergic reactions and storage needs.
8 | Regulatory Environment
- WHO prequalification program is expanding for quality-assured supply.
- EMA and FDA grant orphan drug designations to new formulations.
- African CDC and Indian health ministries launching centralized procurement.
- Global Snakebite Initiative driving harmonized clinical trial protocols.
9 | Strategic Outlook
- Manufacturers should invest in regional cold-chain infrastructure and local partnerships.
- Governments and donors must prioritize predictable procurement funding.
- Innovation efforts should focus on recombinant and hypersensitivity-free formats.
- Regional training for healthcare professionals is essential to ensure timely administration.
Reasons To Buy

Scope

Key Players
- CSL Limited
- Pfizer
- Merck & Co.
- Bharat Serums and Vaccines
- VINS Bioproducts
- Rare Disease Therapeutics
- Instituto Bioclon
- MicroPharm Limited
- Incepta Pharmaceuticals Ltd.
- Instituto Butantan
Global Antivenom Market Report
- 1. Global Antivenom Market Research Report
- 1.1 Study Objectives
- 1.2 Global Antivenom Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Antivenom Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Type
- 2.1.2 By Species
- 2.1.3 By Mode of Action
- 2.1.4 By Distribution Channel
- 2.1.5 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Type, By Species, By Mode of Action, By Distribution Channel, By Country
- 3.3. Opportunities – By Type, By Species, By Mode of Action, By Distribution Channel, By Country
- 3.4. Trends – By Type, By Species, By Mode of Action, By Distribution Channel, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Antivenom Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Monovalent Antivenom
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Polyvalent Antivenom
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Snake
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Scorpion
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Spider
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Others
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Passive Immunization
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Active Immunization
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Hospital Pharmacies
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Retail Pharmacies
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Online Pharmacies
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 North America
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Europe
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Asia-Pacific
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.4 Latin America
- 9.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.5 Middle East & Africa
- 9.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.6 Global Antivenom Market - Opportunity Analysis Index, By Type, By Species, By Mode of Action, By Distribution Channel, and Region, 2024 - 2031
- 10.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Monovalent Antivenom
- 10.1.2 Polyvalent Antivenom
- 10.2.1 Snake
- 10.2.2 Scorpion
- 10.2.3 Spider
- 10.2.4 Others
- 10.3.1 Passive Immunization
- 10.3.2 Active Immunization
- 10.4.1 Hospital Pharmacies
- 10.4.2 Retail Pharmacies
- 10.4.3 Online Pharmacies
- 10.5.1 United States
- 10.5.2 Canada
10.7 Regional Trends Analysis
10.8 North America Global Antivenom Market Research Report - Company Profiles- 10.8.1 Company 1 (United States)
- 10.8.2 Company 2 (Canada)
- 10.8.3 Company 3 (Canada)
- 11.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Monovalent Antivenom
- 11.1.2 Polyvalent Antivenom
- 11.2.1 Snake
- 11.2.2 Scorpion
- 11.2.3 Spider
- 11.2.4 Others
- 11.3.1 Passive Immunization
- 11.3.2 Active Immunization
- 11.4.1 Hospital Pharmacies
- 11.4.2 Retail Pharmacies
- 11.4.3 Online Pharmacies
- 11.5.1 Germany
- 11.5.2 United Kingdom
- 11.5.3 France
- 11.5.4 Spain
- 11.5.5 Italy
- 11.5.6 Russia
- 11.5.7 Netherlands
- 11.5.8 Poland
- 11.5.9 Rest of Europe
11.7 Regional Trends Analysis
11.8 Europe Global Antivenom Market Research Report - Company Profiles- 11.8.1 Company 1 (Germany)
- 11.8.2 Company 2 (United Kingdom)
- 11.8.3 Company 3 (United Kingdom)
- 12.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Monovalent Antivenom
- 12.1.2 Polyvalent Antivenom
- 12.2.1 Snake
- 12.2.2 Scorpion
- 12.2.3 Spider
- 12.2.4 Others
- 12.3.1 Passive Immunization
- 12.3.2 Active Immunization
- 12.4.1 Hospital Pharmacies
- 12.4.2 Retail Pharmacies
- 12.4.3 Online Pharmacies
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 South Korea
- 12.5.5 Australia & NZ
- 12.5.6 ASEAN
- 12.5.7 Rest of Asia-Pacific
12.7 Regional Trends Analysis
12.8 Asia-Pacific Global Antivenom Market Research Report - Company Profiles- 12.8.1 Company 1 (China)
- 12.8.2 Company 2 (Japan)
- 12.8.3 Company 3 (Japan)
- 13.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Monovalent Antivenom
- 13.1.2 Polyvalent Antivenom
- 13.2.1 Snake
- 13.2.2 Scorpion
- 13.2.3 Spider
- 13.2.4 Others
- 13.3.1 Passive Immunization
- 13.3.2 Active Immunization
- 13.4.1 Hospital Pharmacies
- 13.4.2 Retail Pharmacies
- 13.4.3 Online Pharmacies
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Argentina
- 13.5.4 Peru
- 13.5.5 Colombia
- 13.5.6 Rest of Latin America
13.7 Regional Trends Analysis
13.8 Latin America Global Antivenom Market Research Report - Company Profiles- 13.8.1 Company 1 (Brazil)
- 13.8.2 Company 2 (Mexico)
- 13.8.3 Company 3 (Mexico)
- 14.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Monovalent Antivenom
- 14.1.2 Polyvalent Antivenom
- 14.2.1 Snake
- 14.2.2 Scorpion
- 14.2.3 Spider
- 14.2.4 Others
- 14.3.1 Passive Immunization
- 14.3.2 Active Immunization
- 14.4.1 Hospital Pharmacies
- 14.4.2 Retail Pharmacies
- 14.4.3 Online Pharmacies
- 14.5.1 Saudi Arabia
- 14.5.2 UAE
- 14.5.3 South Africa
- 14.5.4 Egypt
- 14.5.5 Israel
- 14.5.6 Rest of Middle East and Africa
14.7 Regional Trends Analysis
14.8 Middle East & Africa Global Antivenom Market Research Report - Company Profiles- 14.8.1 Company 1 (Saudi Arabia)
- 14.8.2 Company 2 (UAE)
- 14.8.3 Company 3 (UAE)
- 15.1 Strategic Dashboard of Top Market Players
15.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 15.2.1 CSL Limited
- 15.2.2 Pfizer
- 15.2.3 Merck & Co.
- 15.2.4 Bharat Serums and Vaccines
- 15.2.5 VINS Bioproducts
- 15.2.6 Rare Disease Therapeutics
- 15.2.7 Instituto Bioclon
17. Principal Presumptions and Acronyms