Lyme Disease Diagnostic Devices Market

Lyme Disease Diagnostic Devices Market Size, Share, Growth Analysis, By Product Type(Serological Test, Urine Antigen Tests), By End User(Hospitals, Public/Private Laboratories), By Geography(North America, U.S.) - Industry Forecast 2024-2031


Report ID: UCMIG35A2885 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Lyme Disease Diagnostic Devices Market Insights

Market Overview:

In 2019, the global Lyme disease diagnostic devices market exhibited significant growth, with a valuation exceeding USD 2.03 billion. This critical sector, essential for the early and accurate detection of Lyme disease, is poised for substantial expansion in the years to come. Projections suggest that by 2027, the market is expected to reach an estimated USD 3.87 billion, driven by an impressive compound annual growth rate (CAGR) of 7.2% anticipated during the forecast period from 2020 to 2027. The driving factors behind this growth include the rising incidence of Lyme disease worldwide, driven by factors such as climate change and increased outdoor activities. Additionally, advancements in diagnostic technologies and increased awareness of the disease are contributing to the market's expansion. As Lyme disease remains a significant public health concern, the Lyme disease diagnostic devices market plays a pivotal role in enabling early diagnosis, effective treatment, and better patient outcomes.

Lyme Disease Diagnostic Devices Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
To get more reports on the above market click here to
Get Free Sample

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The market for Lyme Disease Diagnostic Devices was estimated to be valued at US$ XX Mn in 2021.

The Lyme Disease Diagnostic Devices Market is estimated to grow at a CAGR of XX% by 2028.

The Lyme Disease Diagnostic Devices Market is segmented on the basis of Product Type, End User, Geography.

Based on region, the Lyme Disease Diagnostic Devices Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Lyme Disease Diagnostic Devices Market are , Bio-Rad Laboratories, Inc. , Thermo Fisher Scientific, Inc. , Boulder Diagnostics , T2 Biosystems, Inc. , Abbott , Oxford Immunotec PLC , Quidel Corporation , Affymetrix Inc. , Hoffmann-La Roche Ltd , Graphene Frontiers.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Lyme Disease Diagnostic Devices Market

Product ID: UCMIG35A2885

$5,300
BUY NOW GET FREE SAMPLE