Snake Antivenom Market 2023-2030

The global snake antivenom market size was valued at USD 294.8 million in 2021. The market is projected to grow from USD 312.9 million in 2022 to USD 526.0 million by 2029, exhibiting a CAGR of 7.7% during the forecast period.

This information is presented by Fortune Business Insights, in its report titled, “Snake Antivenom Market, 2022-2029.”

COVID-19 Impacts:

Supply Chain Disruptions and Halt in Hospital Admissions Hindered Market Growth

Increased wait time before seeking treatment and delays in hospital admission due to imposition of stringent lockdowns and social distancing norms to curb the spread of the pandemic hampered market augmentation. Moreover, supply chain disruptions and diversion of healthcare budgets, beds, equipment and professionals towards dealing with the ongoing pandemic also impacted market trends negatively.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:

Segments:

Polyvalent Heterologous Segment to Lead Owing to its Convenience

Based on type, the market is divided into polyvalent heterologous and monovalent heterologous. Among these, the polyvalent heterologous segment captured the largest market share due to its preference over monovalent antivenom. Polyvalent antivenom has the ability to neutralize the venomous bite of several snake species and is thus preferred as it helps in cases when the species can’t be identified.

Hospitals Segment to Grow Backed by Increasing Hospital Admissions

As per application, the market is bifurcated into hospitals and clinics. Hospitals segment captured majority of the market due to rising number of hospital admissions. Hospitals provide facilities such as focused treatment, personalized care, and others which will also propel this segment.

Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Comments

Post a Comment

Popular posts from this blog

Autoinjectors Industry Size 2024-2030

  The global " Autoinjectors Market Size 2024 ” Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The Autoinjectors Market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Get a sample PDF of the report at -  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/108507 The global autoinjectors market size was USD 102.51 billion in 2022. The market is projected to grow from USD 111.16 billion in 2023 to USD 233.69 billion by 2030, exhibiting a CAGR of 11.2% during the forecast period. Autoinjectors Market Competitive Analysis: The Autoinjectors Market report examines competitive sc...
Read more

Veterinary Diagnostics Market Growth in United States

  The global veterinary diagnostics market size is projected to reach USD 9.5 billion by 2026, exhibiting a CAGR of 10.0% during the forecast period. Rising prevalence of zoonotic diseases such as swine flu and rabies is the main factor driving the growth of this market. Zoonotic diseases are those which humans contract from animals, birds or insects. They pose grave danger not only to the person infected, but also to other people who might come in close contact with him or her, laying the groundwork for an epidemic. A study published by the Centers for Disease Control and Prevention (CDC) states that 75% of emerging infectious diseases affecting humans are zoonotic in origin. This was already witnessed during the recent Ebola outbreak and rapid spread of swine flu a few years earlier. Preventing the birth of such diseases is crucial for public health as they also cause huge economic losses. According to the WHO, zoonotic epidemics between 1997 and 2009 led to a loss of about USD 8...
Read more

Inflammatory Bowel Disease Treatment Industry Is Booming Worldwide by 2030

 The " Inflammatory Bowel Disease Treatment Market  Size 2024” forecasted to 2030 research provides accurate economic, global, and country-level predictions and analyses. It offers a comprehensive perspective on the competitive market landscape, along with an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. Additionally, the Inflammatory Bowel Disease Treatment Market report examines the current state of the industry, predicted future growth, technological advancements, investment prospects, market economics, and financial data. Competitive Analysis: The Inflammatory Bowel Disease Treatment Market report scrutinizes the competitive scenario by analyzing key players in the market. It includes company profiling of leading market players with Porter's five forces analysis and Value Chain analysis. Furthermore, the report discusses strategies employed by companies for expanding their business through mergers, acquisitions, and...
Read more