Global Lyme Disease Diagnostics Market Overview:
Lyme disease is a tick-borne infectious disease caused by Borrelia burgdorferi. Common symptoms of the Lyme disease are flu-like symptoms, rashes, bulls-eye pattern, weakness in the limbs, and joint pain. Rise in a number of patients with Lyme disease driving the demand for Lyme disease diagnostic market. For instance, according to the Centers for Disease Control and Prevention (CDC) every year, approximately 30,000 cases of Lyme disease are reported in the United States. Further, increasing investment in healthcare infrastructure in developing countries expected to drive the demand for Lyme disease diagnostic market over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emphasizing on the Technological Advancement in the Lyme disease Diagnostic Tests
Market Growth Drivers:
Increasing Prevalence of Lyme Disease and Growing Healthcare Infrastructure Globally
Challenges:
Inability to Identify the Initial Symptoms of Lyme Disease
Restraints:
High Initial Investment for Laboratory Setup of Lyme Disease Diagnosis and Lack of Awareness Regarding Lyme Disease In Emerging Economies
Opportunities:
Increasing Demand from Developing Economies and Rising Awareness about Early Diagnosis and Treatment
Competitive Landscape:
The market of Lyme Disease Diagnostics is expected to grow with rising incidence of lyme disease. Increasing prevalence cases and healthcare infrastructure driving the demand for the market. Several companies are operating in the market to provide Lyme Disease Diagnostics with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Some of the key players profiled in the report are Abbott Laboratories (United States), T2 Biosystems (United States), Canon Life Sciences (United States), Bio-Rad Laboratories (United States), Alere Inc. (United States), Roche Diagnostics International Ltd. (Switzerland), Graphene Frontiers (United States), Covance Inc. (United States), GlaxoSmithKline Pharmaceuticals Ltd. (India), Boulder Diagnostics (United States) and Thermo Fisher Scientific (United States). Additionally, following companies can also be profiled that are part of our coverage like Baxter International Inc. (United States), Fresenius Medical Care AG & Co. (Germany) and Oxford Immunotec (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Lyme Disease Diagnostics market by 2030. Considering Market by Diagnostic Technology, the sub-segment i.e. Serological Test [ELISA, Western Blot] will boost the Lyme Disease Diagnostics market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Lyme Disease Diagnostics market.
Latest Market Insights:
In September 2021, Roche acquires TIB Molbiol . This acquisition expands Roche's portfolio of molecular diagnostics solutions, including polymerase chain reaction (PCR) tests, which are currently used for Lyme disease diagnosis.
In November 2019 , IGeneX, a leading tick-borne disease testing lab based in California, has launch the availability of the new Broad Coverage Ab (BCA) Assays for Lyme disease and Tick-Borne Relapsing Fever (TBRF).
"The Centers for Disease Control and Prevention (CDC) has developed a national Lyme disease risk map in which CDC identified areas of the United States as minimal or no risk, low risk, moderate risk, or high risk for predicted Lyme disease. "
What Can be Explored with the Lyme Disease Diagnostics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Lyme Disease Diagnostics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Lyme Disease Diagnostics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lyme Disease Diagnostics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lyme Disease Diagnostics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Lyme Disease Drug Manufacturers, Healthcare Association, Potential Investors, Government Organization, Market Research Firms, Research Associations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.