Antivenom Market - By Type: Monovalent Antivenom, Polyvalent Antivenom; By Species: Snake, Scorpion, Spider, Others; By Mode of Action: Passive Immunization, Active Immunization; By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
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
4 | Market Challenges
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
By Source Animal
By Distribution Channel
By Region
7 | Technology and Innovation
8 | Regulatory Environment
9 | Strategic Outlook
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