(PharmaNewsWire.Com, January 11, 2017 ) According to the report Latin America Anti-Venom Market, published by Market Data Forecast, the Europe market is projected to reach USD 153.9 million by 2021, at a CAGR of 6.15% from 2016 to 2021.
Anti-venom is the antidote product which helps from the toxic bites. Venomous bites leads to some clinical conditions such as secretion of excessive saliva, muscle weakness, breathing problems, and other difficulties that it may also lead to death. The anti-venom is taken from poisonous animals such as snakes, spiders, scorpions, and other harmful animals.
Once it is approved by the authorities, the purified anti-venom will be dried into powder or concentrated into liquid form which is used to treat venomous bite patients.
Emerging number of affordable anti venom products, government initiations are increasing towards the advancement of efficient anti venom products, increasing number snake bite cases as compared to emerged regions are driving the expansion of Latin America Anti venom Market. Nevertheless, Inadequate funding from public & private organizations, cost of the products are high, and the approach of products are expected to be limited for the enlargement of Latin America Market.
The key competitors in the Anti-Venom market are Instituto Bioclon, S.A. de C.V. (Mexico), Pfizer AG (Switzerland), CSL Limited (Australia), F. Hoffmann-La Roche Ltd. (Switzerland), Merck & Co., Inc. (U.S.), Rare Disease Therapeutics, Inc. (U.S.), Vins Bio products Limited (India), BTG Plc (U.K.), Incepta Vaccine Ltd. (Bangladesh), and Bharat Serum and Vaccines Limited (BSV) (India).
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