Global Antidotes Market

Global Antidotes Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of XX% during forecast period.
Global Antidotes Market Overview:

An antidote is a special pharmacological or toxicological drug designed to favorably alter the toxic effects of a poison. Antidotes act by altering the chemical nature of the toxin or by interfering with toxin binding to biological sites.
Global Antidotes Market Dynamics:

Rising incidences of snake bites and drug overdose globally drives the market growth.

The prevalence of snake bites and side effects associated with it primarily drives the market. WHO states that every year around 4.5–5.4 million people are bitten by snakes, that 1.8–2.7 million of them develop clinical illness (envenoming) after snakebite, and that the death toll could range from 81,000 to 138,000. Such cases mainly occur in poorly dwelled countries with limited access to healthcare facilities. This is the prime factor driving the antidotes market growth. Also, the rise in the prevalence of drug overdose drives the demand for antidotes. The most common drug overdose is paracetamol poisoning which may result in hepatic damage and failure.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.
Global Antidotes Market Segment Analysis:

The global Antidotes Market is segmented on the basis of Type, Application and Route of Administration.
Based on Type, chemical antidotes are the most prominently used drugs.They interact specifically with the toxicant and neutralize it. Chemical Antidotes act by forming a complex or by metabolic conversion. Naloxone Hydrochloride is the most commonly used chemical antidote for opioid overdose.

Based on Application, the heavy metal poisoning segment holds a prominent share. Increased usage of herbal medicines containing heavy metals and rising water contamination are the major driving factors for the segment growth. Heavy metal poisoning has a severe impact on an individual’s health. Anemia and miscarriages or early labor are the leading causes of heavy metal poisoning. Chemical antidotes are used for chelation as an important part of treatment. Globally, anemia affects 1.62 billion people (95% CI: 1.50–1.74 billion), which corresponds to 24.8% of the population. Hence, these factors contribute to the segment growth.

Global Antidotes Market by Application

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Global Antidotes Market Regional Insights:

Global Antidotes Market Regional
North America is dominating the global market, followed by Europe.

North America is anticipated to witness lucrative growth throughout the forecast period, owing to the high prevalence of anemia and going research and development activities. Sufficient production of anti-venoms and better knowledge of clinical features of envenoming and other factors like increased healthcare expenditure and better medical facilities drive the market growth in the region.
APAC is considered to be the fastest growing region during forecast period.

The APAC market is expected to grow at a rapid pace owing to an increase in the prevalence of medical conditions associated with antidotes such as nerve agent poisoning, methotrexate rescue, methanol poisoning, mercury poisoning, lead poisoning, and gold poisoning. High population density and extensive agricultural activities also expected to boost the demand for the antidote in the region.

The report also helps in understanding Global Antidotes Market dynamics, structure by analyzing the market segments and project the Global Antidotes Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Antidotes Market make the report investor’s guide.

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Global Antidotes Market
Global Antidotes Market, by Region:

• North America
• Europe
• South America
• MEA
• APAC
Key players operating in global Antidotes Market:

• Pfizer Inc.
• Hikma Pharmaceuticals PLC
• Dr. Reddy’s Laboratories Ltd
• Aurobindo Pharma
• Endo International Inc.
• Mylan N.V.
• Akorn Incorparated
• Alvogen
• Fresenius Kabi AG
• Zydus Cadila
• Daiichi Sanko Inc.
• Nichi-Iko Pharmaceutical Co., Ltd
• ADAPT Pharma, Inc.
• Baxter International, Inc.
• Meridian Medical Technologies, Inc.
• Novartis AG
• Spectrum Pharmaceuticals, Inc.

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