Lyme Disease Diagnostics Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Lyme Disease Diagnostics Market
Lyme Disease Diagnostics Market

The spreading red rash known as erythema migrans that appears about a week after a tick bite is the most typical sign of infection. Lyme disease is diagnosed using a variety of diagnostic procedures, including a serological test, PCR analysis, immunofluorescence analysis, lymphocyte transformation analysis, urine antigen analysis, and others. The rise in incidence and prevalence of Lyme disease, as well as the spike in financing from governmental agencies and major corporations for the development of Lyme disease diagnostic kits, can be attributed to the growth of the global market for Lyme disease diagnostics.

In 2020, North America dominated the global market for Lyme disease diagnostics, and it is predicted that this trend will persist over the coming years. The market in the region is driven by the presence of important market participants, high healthcare spending, and early product availability. Additionally, the U.S. has a sizable patient population, and the number of companies offering diagnostic services for Lyme disease is rising. During the projection period, Europe is anticipated to be the second-largest market for Lyme disease diagnostics.

Due to the rise in Lyme disease cases, the Lyme Disease Diagnostics Market is anticipated to grow quickly throughout the forecast period. With over 400,000 new cases reported year, Lyme disease is a highly prevalent vector-borne illness both in the United States and around the world. There aren't many tests on the market that can correctly detect Lyme disease. Additionally, the likelihood of its prevalence among the world's population is increased by the pathogenic bacteria's frequent mutations and genotypic variances.

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