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global Lyme Disease Treatment Market Growth Accelerated by Increasing Prevalence of Lyme Disease

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global Lyme Disease Treatment Market Growth Accelerated by Increasing Prevalence of Lyme Disease

Lyme disease, also known as Lyme borreliosis, is a tick-borne illness caused by Borrelia burgdorferi bacteria. The infection often begins with a bull's-eye shaped skin rash and can cause fatigue, chills, fever, headache, muscular pain, joint pain, and swollen lymph nodes in later stages if left untreated. Antibiotics such as doxycycline, amoxicillin or cefuroxime axetil are generally prescribed as treatment for Lyme disease.

The global Lyme Disease Treatment Market is estimated to be valued at US$ 1.56 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing prevalence of Lyme disease across the globe has emerged as a key driver for the growth of the Lyme disease treatment market. As per statistics, around 476,000 Americans are diagnosed with Lyme disease each year. Moreover, the tick-borne illness affects around 65,000 people annually in Europe. The rising awareness regarding the disease and its treatment options has resulted in increased diagnosis and management of Lyme disease, thus fueling the demand for antibiotics and other treatment methods. Aggressive marketing strategies by pharmaceutical companies have also propelled the sales of Lyme disease treatment drugs over the recent past.

Segment Analysis

The global Lyme disease treatment market is segmented based on treatment type, route of administration and distribution channel. Among treatment type, the antibiotic treatment segment dominates the market and is expected to continue its dominance during the forecast period. Antibiotic treatment is the first line of defense against Lyme disease and is very effective if administered early during the infection.

Key Takeaways

Global Lyme Disease Treatment Market Demand is estimated to be valued at US$ 1.56 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030.

Regional analysis: North America is expected to hold the largest share of the global Lyme disease treatment market during the forecast period. Rising incidence of lyme disease in the region coupled with increasing awareness regarding its early diagnosis and treatment is a major factor driving the market.

Key players: Key players operating in the Lyme disease treatment market are Pfizer Inc., GlaxoSmithKline plc., Merck & Co. Inc., ALLERGAN, Novartis AG, Mallinckrodt, Sun Pharmaceutical Industries Ltd., Zydus Cadila, Lupin, and Mayne Pharma. Pfizer Inc. currently dominates the market with its doxycycline drug being the first line treatment for Lyme disease.

GlaxoSmithKline plc, in collaboration with Pfizer, is developing a five-valent vaccine (VLA15) for preventing infections caused by Borrelia bacteria which cause Lyme disease. The vaccine is currently in phase 3 clinical trial and if approved, can strengthen GlaxoSmithKline's position in the market.

Merck & Co. Inc. is planning to expand its pipeline of drugs to treat later stage Lyme disease which has potential to drive future growth. Additionally, several small pharmaceutical companies are actively researching newer treatment options which are expected to provide more competition in the market during forecast period.


Get More Insights on this Topic- https://www.rapidwebwire.com/lyme-disease-treatment-market-size-demand-and-forecast-analysis/ 



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Roger 2024-02-20
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While most cases of Lyme disease can be treated successfully with antibiotics if caught early, accurate diagnosis remains a challenge. This article will explore the difficulties involved in diagnosing Lyme disease as well as new diagnostic methods that may help improve identification and treatment outcomes Lyme disease diagnostics. Understanding Persistent or Post-Treatment Lyme DiseaseA controversial subject is whether Lyme disease symptoms can persist or recur after recommended antibiotic treatment in some patients. Role of Coinfectionsticks capable of transmitting Lyme disease bacteria are often infected with multiple pathogens. Overall, significant advancement is still needed to overcome obstacles in Lyme disease diagnosis.
Lyme Disease Drug Market World’s Leading Business In 2019-Know Your Competitors Sun Pharmaceutical Industries Ltd, Pfizer Inc, Boehringer Ingelheim International GmbH, G&W Laboratories, Inc.Till 2026
ethan ethan 2021-02-19
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Lyme disease drug market is a serious infection caused by Borrelia burgdorferi of bacterial spices spirochete.

The infections enter through the infected ticks that host in human body and travel via bloodstream and causes wide range of symptoms depending upon the stages.

The patient may experience fever, rash, arthritis, fatigue, headache and swollen lymph nodes.

Rise in prevalence cases of lyme infected patients, widespread of domestic pets lover and increasing demands of available treatment are the drivers of market growth.According to the patient data published in Centers for Disease Control and Prevention in Dec 2019, it is identified that there were 42,743 patients affected with Lyme disease in 2017 which was a 17.0 % increase from 2016.

Advances in antibiotics medication, vulnerable population of lyme disease and increasing need of launching novel therapies create significant rise in market growth.lyme disease drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026.

Increase in prevalence cases of lyme disease and accelerating demand for novel therapies may increase the market size.This Genital Warts Treatment Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.

Lyme Disease Treatment Integrating Eastern And Western Medicine For Optimal Results
Rahul Kumar Yadav 2023-07-04
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While Western medicine primarily focuses on antibiotic treatment, integrating Eastern medicine principles can provide a comprehensive and holistic approach to optimize patient outcomes. Herbal medicine, acupuncture, and dietary modifications can all play vital roles in the holistic Lyme Disease Treatment. By integrating Eastern and Western medicine, patients can benefit from the strengths of both approaches. This synergistic approach not only enhances the effectiveness of Lyme Disease Treatment but also minimizes side effects and promotes overall well-being. By working together, healthcare professionals can leverage the strengths of both Eastern and Western medicine to provide a comprehensive and personalized approach to treatment.
Lyme disease Paid Blood/Plasma Donation Program | Access Clinical
access clinical 2020-01-29
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Access Clinical If you are a Lyme disease patient participate in our paid blood, plasma donation program.

For more info on Lyme Disease Blood donation Call us @ 800-510-4003

Understanding Post-Treatment Lyme Disease Syndrome
Trillium Health Solutions 2022-02-24
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A patient with Lyme disease generally recovers from the symptoms within 2-4 weeks by consuming oral antibiotics prescribed by the physician. This medical condition is known as Post Treatment Lyme Disease Syndrome (PTLDS) or Post Lyme Disease Syndrome. But if they experience these symptoms for a long period even after completing the course of the oral antibiotic, this condition is called Post-Treatment Lyme Disease Syndrome. Another common theory says that the post Lyme disease symptoms are not related to Lyme disease. Treatments for Post-Treatment Lyme Disease SyndromeFirst, physicians conduct a couple of blood tests, including ELISA (enzyme-linked immunosorbent assay) and the Western blot test to check the count of antibodies in your body to the Lyme disease bacteria.