Snake envenomation is a major neglected tropical disease and remains a serious threat in many countries at the present day. The impoverished rural populations are vulnerable to snakebite envenoming which eventually strengthens the cycle of poverty. The highly diversified components of snake venoms are primarily responsible for severe clinical manifestations in the victim. The only available treatment is the use of animal-derived broad-spectrum polyvalent antivenoms having a very low level of case-specific antibodies. A significant number of drawbacks of this antivenom are possessing a key challenge in snakebite treatments. The recent advancements into the toxin-specific monoclonal antibodies proved to be promising for future envenoming treatments, although its use is still in a naïve stage since it also holds some limitations in neutralizing the complex snake venoms. In the emerging fields of molecular biology along with transcriptomic and proteomic analysis protocols, the snake venom constituents have been well characterized and this holds another promising approach to using DNA immunization for next-generation therapeutics. This strategy is more compatible with the human immune system and exerts the least adverse effects. In this review, the comparative analysis of present polyvalent antivenom and future therapeutic protocols has been discussed.