Lyme Disease Diagnostics Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2028

25-Oct-2021 | Zion Market Research

Global Lyme Disease Diagnostics Devices Market: Overview

In terms of revenue, the global Lyme Disease Diagnostics Devices Market accounted for USD 2,156 Million in 2020 and is expected to reach USD 3,677 Million by 2028, growing at a CAGR of 6.5% from 2021 to 2028.

Lyme disease is a bacterial infection caused by species borrelia burgdorferi. It commonly spreads in the individuals via infected ticks bite. Lyme disease affected patients have symptoms such as nausea, weakness, depression, and rashes of the skin. If the disease is detected early on, then antibiotics can be used to treat it. When the condition remains untreated, then it affects the joints, heart, and central nervous system, and can lead to death. Across the Northern Hemisphere, Lyme disease is the most common disease transmitted by ticks. This is reported to harm 300,000 people per year in the United States and 65,000 individuals per year in Europe. Outbreaks are quite common in spring and summer

Global Lyme Disease Diagnostics Devices Market: Growth Factors

Vector-borne diseases are illnesses caused by pathogens and parasites in human inhabitants. Every year more than one billion people are infected and more than one million people die from vector-borne diseases. They can be infected by bacteria, parasites or viruses. One sixth of the illness and disability suffered worldwide is due to vector-borne diseases, with more than half the world’s population currently estimated to be at risk of these diseases. The poorest segments of society and least-developed countries are most affected. Lyme disease is also caused due to tick borne infectious agents. The current burden of Lyme disease is estimated at 7.9 cases per 100 000 people in the USA, according to the United States Centers for Disease Control and Prevention. The disease has been reported in several European countries. It is now the most common tick-borne disease in the Northern Hemisphere regions.

Global Lyme Disease Diagnostics Devices Market Size

Thus, increasing number of cases of tick-borne infectious diseases is boosting Lyme disease diagnostics market.

Global Lyme Disease Diagnostics Devices Market: Segmentation

Based on product type Lyme disease diagnostic devices market is segmented into Serological Test, Urine Antigen Tests, Lymphocytic Transformation Test, Immunofluorescent Staining and Nucleic acid Test. Serological Test is anticipated to dominate the segment for Lyme disease diagnostic devices market in near future over the forecast period.  Urine Antigen Tests is expected to hold second position to dominate the product segment for Lyme disease diagnostic devices market followed by Lymphocytic Transformation Test, Immunofluorescent Staining. Nucleic acid Test is expected to hold the least share of the segment for Lyme disease diagnostic devices market.

Global Lyme Disease Diagnostics Devices Market: Regional Analysis

North America is anticipated to hold a significant market share in the global lyme disease diagnostic market over the forecast period. The number of tick borne diseases is increasing tremendously. Thus, owing to rising number of base population it is anticipated to drive the market in near future over the forecast period. Moreover, government is taking several initiatives, many private organizations are investing their money in diagnosing the disease in this region. For instance, according to Centers for Disease Control and Prevention (CDC), around 300000 people were diagnosed with Lyme disease every year in North America. Also, presence of well-established healthcare infrastructure in this region and increasing healthcare expenditure can be the factors which can boom the market growth in near future over the before cat period.

Asia Pacific region is anticipated to have fastest CAGR for the lyme disease diagnostic market. The population in Asia pacific region is increasing tremendously. Thus, owing to the large base pf population the lyme disease diagnostic market is anticipated to grow with fastest rate in near future over the forecast period.

Browse the full Lyme Disease Diagnostics Devices Market Product type (Serological Test, Urine Antigen Tests, Lymphocytic Transformation Test, Immunofluorescent Staining and Nucleic acid Test), End user (hospitals, public/private laboratories, and physician’s office) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2021-2028.” Report at https://www.zionmarketresearch.com/report/lyme-disease-diagnostics-market

Global Lyme Disease Diagnostics Devices Market: Competitive Players

Abbott, F. Hoffmann-La Roche Ltd Bio-Rad Laboratories, Inc., Graphene Frontiers, Oxford Immunotec Global PLC, T2 Biosystems, Inc.,Thermo Fisher Scientific, Inc., Quidel Corporation are the key players in the global Lyme Disease Diagnostics Devices Market.

Global Lyme Disease Diagnostics Devices Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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