Lyme Disease Treatment Market By Treatment (Medication, Tick Removal), By Administration Route (Oral, Injectable, Topical), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Lyme disease treatment market is envisioned to garner $1,636.6 million by 2031, growing from $737.5 million in 2021 at a CAGR of 8.4% from 2022 to 2031.
Chronic Lyme disease is the most frequent kind of tick-borne or vector-borne disease. Lyme disease, also known as Lyme borreliosis, is caused by the bite of a tick infected with the bacteria Borrelia burgdorferi. Early Lyme disease symptoms include circular rashes around the place of the tick bite, fever, nausea, and headache. If Lyme disease is not discovered early, the chronic Lyme disease infection may spread to other organs such as joints and muscles. Many oral treatments for Lyme disease are available in the market, including doxycycline, amoxicillin, and cefuroxime.
Lyme disease is sometimes misunderstood in people as a typical rash or a seasonal allergy because patients with Lyme disease exhibit similar symptoms such as fever and body aching. This aspect is anticipated to stymie the expansion of the Lyme disease treatment market in the approaching years. In addition, a lack of public understanding regarding the prevalence and symptoms of Lyme disease is expected to hamper the market growth.
Antibiotics have been determined to be the most effective therapy for Lyme disease. Patients in the early stages of Lyme disease recover quickly and completely with antibiotics such as doxycycline, amoxicillin, and cefuroxime axetil. Intravenous ceftriaxone may be administered to patients suffering from certain neurological or cardiac illnesses. Patients who have had persistent Lyme disease symptoms for more than 6 months can recover in a few weeks with oral antibiotic therapy.
The coronavirus pandemic has break off all medical and healthcare sectors to the diagnosis and treatment of COVID-19 patients. This has had an influence on various sectors of health and therapy, including the Lyme disease treatment industry. Outpatient visits to healthcare providers have been limited due to a patient's fear about contamination. Indicative patients may be thought to have COVID-19 until negative test results are obtained, implying that examinations for other therapies may be postponed, perhaps leading to poor consequences. Individuals with Lyme disease symptoms were urged to postpone their testing while the coronavirus spread over the world. People were urged to be quarantined since screening for alternative reasons of the patient's symptoms other than COVID-19 was frequently delayed, causing delayed treatments and consequences.
The key players profiled in this report include GSK plc., Pfizer, Inc., Novartis AG, Mayne Pharma Group Limited, Sun Pharmaceutical Industries Ltd., Lupin Pharmaceuticals, Inc., Orion Corporation, Perrigo Company plc., ChartwellPharma, and Almirall, LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lyme disease treatment market analysis from 2021 to 2031 to identify the prevailing lyme disease treatment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lyme disease treatment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lyme disease treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Administration Route
Oral
Injectable
Topical
By Treatment
Medication
Tick Removal
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Singapore
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Galaxo SmithKline Plc
Pfizer, Inc.
Novartis AG
Mayne Pharma
Sun Pharmaceuticals Industries, Inc
Lupin Pharmaceuticals, Inc.
Orion Corporation
Perrigo Company plc
Chartwell Pharmaceuticals
Almirall, LLC
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