0

Lyme Disease Treatment Market Expected to Reach $1.6 Billion by 2031—Allied Market Research

 
2022
Lyme Disease Treatment Market

Report Code : A31430

quote Owing to rapid increase in the prevalence of Lyme disease among people globally, the Lyme disease industry is estimated to show the significant growth which will, in turn, boost the demand for Lyme disease treatment methods during the forecast period. quote

Vitika Verma - Manager
Life Sciences at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Lyme Disease Treatment Market," The Lyme disease treatment market was valued at $737.50 million in 2021, and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031. The rising frequency of Lyme disease in humans and animals necessitates appropriate treatment. The increasing public knowledge of tick-borne infections and veterinary care adds to the expansion of the Lyme disease treatment market.

Rising R&D efforts are likely to result in more effective Lyme disease therapy. However, the increasing quantity of generic medications for the treatment is impeding the Lyme disease treatment market growth. Nonetheless, fast advancements in Lyme disease research and diagnostics are expected to lead to the development of novel treatments. Furthermore, increased government efforts in raising awareness regarding animal care and the dangers of Lyme disease are expected to fuel the global Lyme disease treatment market throughout the forecast period 

Lyme disease has drug side effects that restrain market expansion. Some people may experience minor side effects that are readily managed, whilst others who are allergic to a certain prescription may experience severe negative effects. Some of the adverse effects of Lyme disease therapy include swelling of the face, breathing, lips, or throat due to allergic responses, terrible taste in the mouth, nausea, vomiting, vaginal yeast infection, and others. During the first 24 hours of antibiotic medication, some people may experience a greater fever, redder rashes, or more discomfort. This is not an allergic reaction, but rather a consequence of the bacteria dying quickly.

As the number of Lyme disease cases increases throughout the world, healthcare experts and researchers are working hard to produce a vaccine that will protect individuals against infected ticks. For example, a doctor from UMASS Medical School in the U.S. has been working on producing a medicine, pre-exposure prophylaxis, for Lyme disease cure, according to a news article published on Popular Scientific, a global science weekly, on March 2021. The medication has the ability to provide antibodies against Lyme disease in individuals. This Lyme disease medication is now in phase one clinical trials and is scheduled to hit the market in 2023. Additionally, the analysis of oral antibiotics industry and its impact on Lyme disease treatment methods is analyzed in this report. These factors are anticipated to boost the Lyme disease treatment market size in the upcoming years.

The global Lyme disease treatment market share is segmented based on treatment type, administration route, distribution channel, and region. By treatment type, it is classified into medication and tick removal. By administration route, it is classified into oral, injectable, and topical. By distribution channel, it is classified into hospital pharmacies, retail pharmacies, and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the Lyme disease treatment market 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.

Impact of COVID-19 on the Global Lyme Disease Treatment Industry

  • The COVID-19 pandemic had a negative impact on the growth of treatment methods for the global Lyme disease industry. The pandemic has altered healthcare professionals' attention to preventing viral propagation and treating COVID-19 patients.
  • People suffering from Lyme disease are hesitant to visit hospitals due to fear of contracting COVID-19. All of these problems are severely hampering the global lyme disease treatment market trends and expansion.
  • The current goal of governments and health ministries of various countries is to adopt immediate actions to reduce the number of persons infected with Lyme disease. While treating this communicable disease is critical, a pandemic might have long-term consequences for persons with noncommunicable disorders.

Key Findings of the Study

  • Based on treatment type, the medication sub-segment emerged as the global leader in 2021 and the tick removal sub-segment is anticipated to be the second fastest growing sub-segment during the forecast period
  • Based on the administration route, the oral sub-segment emerged as the global leader in 2021 and the injectable sub-segment is predicted to show the fastest growth in the upcoming years
  • Based on distribution channel, the hospital pharmacies sub-segment emerged as the global leader in 2021 and the online sub-segment is predicted to show the fastest growth in the upcoming years
  • Based on region, the North America market registered the highest market share in 2021 and is projected to maintain the position during the forecast period

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote 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 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Lyme Disease Treatment Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers