Lyme Disease Diagnostic Devices Market Forecasts to 2028 – Global Analysis By Diagnostic Test, Diagnostic Technology Type, End User (Clinical Research Institute, Hospitals, Pharmaceutical Industries, and others) and By Geography
According to Stratistics MRC, the Global Lyme Disease Diagnostic Devices Market is accounted for $840.29 million in 2020 and is expected to reach $1,613.86 million by 2028 growing at a CAGR of 8.5% during the forecast period. Upsurge in incidence of Lyme disease, growing policy attention on improving health care services, and the advent of new diagnostic tests for Lyme disease are driving the market growth. However, lack of knowledge of the disease and ineffectiveness in Lyme disease research are hampering the growth of the market.
Lyme disease is a vector-borne illness which is spread by infected ticks. It is not easy to diagnose for many reasons, such as inflammation, dizziness, fatigue, joint or body pains, headaches that are quite common with other diseases, including circular red rash termed as erythema migrants (EM), which doesn’t appear commonly. Hence, it is important to have the advanced diagnostic tool to discover potential targets of Lyme disease instantaneously. There is a substantial need to design rapid, point-of-care tests to determine whether patients are infected with ‘Borrelia burgdorferi’, the bacterium that causes Lyme disease, as early active assessment is imperative to detect to make prompt treatment.
Based on the end user, the hospitals segment is going to have lucrative growth during the forecast period. Hospitals are well-equipped to handle patient flow and employ latest diagnostic and treatment techniques. These factors are primarily responsible for the greater market share of hospitals. By geography, North America is going to have high growth during the forecast period owing to high incidence of Lyme disease and existence of state-of-the-art healthcare infrastructure.
Some of the key players profiled in the Lyme Disease Diagnostic Devices Market include Abbott Laboratories, Affymetrix Inc., Alere Inc (ALR), Baxter International Inc., Bio-Rad Laboratories, Boulder Diagnostics, Canon U.S. Life Sciences, Covance Inc., Fresenius Medical Care AG and Co., GlaxoSmithKline Pharmaceuticals Ltd., Graphene Frontiers, Immunetics Inc., Roche Diagnostics International Ltd., Siemens AG and T2 Biosystems.
Estimated Market Size in 2020:
USD 840.29 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,613.86 million
Tables, Graphs& Figures
Diagnostic Test, Diagnostic Technologies Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Diagnostic Tests Covered:
• Serological Test
• Dark Field Microscopy
• Immunofluorescent Staining
• Lymphocytic Transformation Test
• Nucleic Acid Amplification
• Polymerase Chain Reaction (PCR) Analysis
• Urine Antigen Tests
Diagnostic Technologies Types Covered:
• Brain Magnetic Resonance Imaging (MRI)
• Flow Cytometry
• Gel Microdroplets
• Molecular Diagnostics
• Monoclonal Antibodies
• Spinal Tap
End Users Covered:
• Clinical Research Institute
• Pathology Labs
• Pharmaceutical Industries
• Physician’s Office
• Public/Private Laboratories
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Lyme Disease Diagnostic Devices Market is majorly driven by upsurge in incidence of Lyme disease, growing policy attention on improving health care services, and the advent of new diagnostic tests for Lyme disease.
The brain magnetic resonance imaging (MRI) segment is growing at a highest CAGR owing to the diagnosis of Lyme Neuroborreliosis (LNB) in brainstem and medulla owing to numerous case reports elaborate that LNB has a huge spectrum of imaging entities in patients.
North America dominated with a significant market share due to the factors such as mounting Lyme disease cases, which also has a constellation of symptoms, have been challenging to diagnose.
Europe market is growing at a highest CAGR owing to rising Lyme disease cases, and a great need to design rapid point-of-care technologies to determine the Lyme infection.
Key players in Lyme Disease Diagnostic Devices Market include Abbott Laboratories, Affymetrix Inc., Alere Inc (ALR), Baxter International Inc., Bio-Rad Laboratories, Boulder Diagnostics, Canon U.S. Life Sciences, Covance Inc., Fresenius Medical Care AG and Co., GlaxoSmithKline Pharmaceuticals Ltd., Graphene Frontiers, Immunetics Inc., Roche Diagnostics International Ltd., Siemens AG and T2 Biosystems.
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