Lyme Disease Treatment Market Scope
Lyme disease is the most common vector-borne disease in the United States. Lyme disease is caused by the bacterium Borrelia burgdorferi and rarely, Borrelia mayonii. It is transmitted to humans through the bite of infected blacklegged ticks. Typical symptoms include fever, headache, fatigue, and a characteristic skin rash and other. Lyme disease can be treated successfully with a few weeks of antibiotics. Steps to prevent Lyme disease include using insect repellent, removing ticks promptly, applying pesticides, and reducing tick habitat.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | GlaxoSmithKline plc (United Kingdom), Pfizer, Inc. (United States), Novartis AG (Switzerland), Almirall, LLC (United States), Mayne Pharma (United States), Galderma Laboratories, L.P. (United States), Lupin Pharmaceuticals, Inc. (United States) and Chartwell Pharmaceuticals (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Lyme Disease Treatment market throughout the predicted period.
GlaxoSmithKline plc (United Kingdom), Pfizer, Inc. (United States), Novartis AG (Switzerland), Almirall, LLC (United States), Mayne Pharma (United States), Galderma Laboratories, L.P. (United States), Lupin Pharmaceuticals, Inc. (United States) and Chartwell Pharmaceuticals (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sun Pharmaceutical Industries Ltd (India) and Amneal Pharmaceuticals LLC. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lyme Disease Treatment market by Type , by Application (Humans and Animals) and Region with country level break-up.
On the basis of geography, the market of Lyme Disease Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In December 2022, Pfizer announced the beginning of a Phase III clinical trial to confirm the efficacy and safety of a new vaccine that could protect children and adults against Lyme disease. The Lyme vaccine, VLA15, was developed by Valneva in collaboration with Pfizer.
Influencing Trend:
High Investments in Healthcare R&D
Market Growth Drivers:
Rising prevalence of lyme disease and Rising geriatric population
Challenges:
Fierce competitive pressure and High cost of treatment
Restraints:
Lack of awareness about the disease and Technical complexities related to diagnostic test
Opportunities:
High governmental healthcare expenditure and Surging insurance penetration
Key Target Audience
Lyme Disease Treatment Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others