Lyme Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034

Lyme Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034

Report Format: PDF+Excel | Report ID: SR112024A7128
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Market Overview:

The 7 major Lyme disease markets reached a value of US$ 594.1 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 1,181.7 Million by 2034, exhibiting a growth rate (CAGR) of 6.45% during 2024-2034.

Report Attribute
Key Statistics
Base Year  2023
Forecast Years  2024-2034
Historical Years 
2018-2023
Market Size in 2023
US$ 594.1 Million
Market Forecast in 2034
US$ 1,181.7 Million
Market Growth Rate 2024-2034
6.45%


The Lyme disease market has been comprehensively analyzed in IMARC's new report titled "Lyme Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Lyme disease is a vector-borne illness caused by a bacteria called Borrelia burgdorferi. This condition is transmitted to humans by the bites of infected ticks of the species Ixodes. The disease is usually characterized by an expanding, non-painful red rash, named erythema migrans, which develops at the site of the tick bite after around a week. The common symptoms associated with the ailment include rash, fever, headache, extreme tiredness, swollen lymph nodes, etc. In severe cases, patients may also experience joint pain, impaired ability to move one or both sides of the face, neck stiffness, headaches, memory difficulty, or heart palpitations. The diagnosis of this disorder typically involves a combination of an objective physical examination, a review of the patient's medical history for possible exposure to infected ticks, and laboratory investigations. A blood antibody test using enzyme-linked immunosorbent assay (ELISA) and western blot is primarily performed to diagnose Lyme disease. The healthcare provider may also recommend polymerase chain reaction (PCR) tests to detect the presence of bacterial genetic material in the body.

Lyme Disease Market

The rising cases of tick-borne diseases owing to the increasing tick exposure through outside activities, such as gardening, hunting, hiking, etc., are primarily driving the Lyme disease market. Additionally, the widespread adoption of antibiotics and nonsteroidal anti-inflammatory drugs to help relieve pain and reduce inflammation associated with the ailment is further propelling the market growth. Moreover, the emerging popularity of advanced diagnostic tests, including T-Detect Lyme, which identifies an immune response by activated T-cells against bacteria to provide early disease diagnosis, is acting as another significant growth-inducing factor. Apart from this, the rising usage of non-pharmaceutical interventions, such as cognitive behavioral therapy and acupuncture, to help improve functional disability and cope with the psychological effects of the condition is also augmenting the market growth. Furthermore, the escalating demand for mesenchymal stem cell therapy owing to its potent immunomodulatory and anti-inflammatory properties, which can reduce the severity of underlying symptoms and promote tissue repair, is creating a positive outlook for the market. Besides this, the increasing utilization of immunomodulatory therapies, including low-dose naltrexone and immune-modulating peptides, to regulate the immune system and enhance its ability to fight the infection is expected to drive the Lyme disease market during the forecast period.

IMARC Group's new report provides an exhaustive analysis of the Lyme disease market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for Lyme disease and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the Lyme disease market in any manner.

Time Period of the Study

  • Base Year: 2023
  • Historical Period: 2018-2023
  • Market Forecast: 2024-2034


Countries Covered

  • United States
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Japan
     

Analysis Covered Across Each Country

  • Historical, current, and future epidemiology scenario
  • Historical, current, and future performance of the Lyme disease market
  • Historical, current, and future performance of various therapeutic categories in the market
  • Sales of various drugs across the Lyme disease market
  • Reimbursement scenario in the market
  • In-market and pipeline drugs

Competitive Landscape:

This report also provides a detailed analysis of the current Lyme disease marketed drugs and late-stage pipeline drugs.

In-Market Drugs

  • Drug Overview
  • Mechanism of Action
  • Regulatory Status
  • Clinical Trial Results
  • Drug Uptake and Market Performance
     

Late-Stage Pipeline Drugs

  • Drug Overview
  • Mechanism of Action
  • Regulatory Status
  • Clinical Trial Results
  • Drug Uptake and Market Performance
     
Drugs Company Name
Ceftin (cefuroxime axetil)  
VLA 15 Pfizer
CT38 Cortene


*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.

Key Questions Answered in this Report:

Market Insights

  • How has the Lyme disease market performed so far and how will it perform in the coming years?
  • What are the markets shares of various therapeutic segments in 2023 and how are they expected to perform till 2034?
  • What was the country-wise size of the Lyme disease market across the seven major markets in 2023 and what will it look like in 2034?
  • What is the growth rate of the Lyme disease market across the seven major markets and what will be the expected growth over the next ten years?
  • What are the key unmet needs in the market?
     

Epidemiology Insights

  • What is the number of prevalent cases (2018-2034) of Lyme disease across the seven major markets?
  • What is the number of prevalent cases (2018-2034) of Lyme disease by age across the seven major markets?
  • What is the number of prevalent cases (2018-2034) of Lyme disease by gender across the seven major markets?
  • How many patients are diagnosed (2018-2034) with Lyme disease across the seven major markets?
  • What is the size of the Lyme disease patient pool (2018-2023) across the seven major markets?
  • What would be the forecasted patient pool (2024-2034) across the seven major markets?
  • What are the key factors driving the epidemiological trend of Lyme disease?
  • What will be the growth rate of patients across the seven major markets?
     

Lyme Disease: Current Treatment Scenario, Marketed Drugs and Emerging Therapies

  • What are the current marketed drugs and what are their market performance?
  • What are the key pipeline drugs and how are they expected to perform in the coming years?
  • How safe are the current marketed drugs and what are their efficacies?
  • How safe are the late-stage pipeline drugs and what are their efficacies?
  • What are the current treatment guidelines for Lyme disease drugs across the seven major markets?
  • Who are the key companies in the market and what are their market shares?
  • What are the key mergers and acquisitions, licensing activities, collaborations, etc. related to the Lyme disease market?
  • What are the key regulatory events related to the Lyme disease market?
  • What is the structure of clinical trial landscape by status related to the Lyme disease market?
  • What is the structure of clinical trial landscape by phase related to the Lyme disease market?
  • What is the structure of clinical trial landscape by route of administration related to the Lyme disease market?

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Lyme Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034
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