The snake antivenom market 2023 refers to the industry involved in the production, distribution, and sales of antivenom, which is a type of medication used to treat snakebite envenomation. Snakebites can be life-threatening, and antivenom is the primary treatment to counteract the toxic effects of snake venom.

Market Growth: The snake antivenom market has witnessed significant growth over the years due to the prevalence of venomous snakes in various regions and the need for effective treatment options. However, it is important to note that the market can vary in different geographic areas depending on the local snake species and the level of snakebite incidents.

Regional Variations: The demand for snake antivenom is higher in regions where venomous snakes are more common, such as parts of Africa, Asia, and Latin America. Countries like India, Nigeria, and Brazil have a particularly high burden of snakebite cases, leading to a greater demand for antivenom products.

The demand for innovative products is increasing due to the rising global cases of snake envenoming, making snakebites the most neglected health problem in tropical and subtropical regions, according to the World Health Organization (WHO). Each year, an estimated 2.7 million snake envenoming cases are reported worldwide, resulting in 81,000 to 138,000 deaths. The distribution of snakebite encounters varies significantly, with Asia alone accounting for approximately 1.7 million cases annually, while Latin America and Africa also experience a high number of incidents.

Antivenom, the only effective treatment for snake envenoming, is listed as an essential medicine by the WHO and is integral to primary healthcare. Several governmental and non-governmental organizations have undertaken projects and initiatives to raise awareness about snakebite treatment, aiming to reduce mortality rates. The WHO launched a strategy in May 2019 to prevent and control snakebite envenoming, with the goal of decreasing disabilities and deaths from snakebites by 2030. These initiatives have played a crucial role in increasing awareness and improving accessibility in low- and middle-income countries.