Japan Borrelia Burgdorferi Test Kit Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.1 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The Global Borrelia Burgdorferi Test Kit Market Is Experiencing Significant Growth, Driven By The Increasing Prevalence Of Lyme Disease And Advancements In Diagnostic Technologies. In 2023, The Market Was Valued At Approximately Usd 11.18 Billion And Is Projected To Reach Around Usd 25.05 Billion By 2033, Growing At A Compound Annual Growth Rate (Cagr) Of 8.4% From 2024 To 2033.
Several Factors Contribute To This Expansion. The Rising Incidence Of Lyme Disease, Particularly In North America And Europe, Has Heightened The Demand For Accurate And Efficient Diagnostic Tools. According To The Centers For Disease Control And Prevention (Cdc), Nearly 500,000 Cases Of Lyme Disease Are Diagnosed Annually In The U.S. Alone. This Surge Underscores The Necessity For Reliable Testing Solutions To Facilitate Early Detection And Treatment.
Technological Advancements Have Also Played A Pivotal Role In Market Growth. Innovations Such As Interferon-Gamma Release Assays (Igra) And Enhanced Serological Tests Have Improved The Accuracy And Speed Of Lyme Disease Detection. The Serological Test Segment, Which Includes Enzyme-Linked Immunosorbent Assay (Elisa) And Western Blot Tests, Dominated The Market With A Revenue Share Of 53.87% In 2023. These Tests Are Favored For Their Affordability And Widespread Availability, Making Them Essential Tools In Both Hospital And Laboratory Settings.
Geographically, Europe Held The Largest Market Share In 2023, Accounting For 48.29% Of The Global Revenue. This Dominance Is Attributed To The High Number Of Reported Cases And The Availability Of Approved Tests Within The Region. North America Is Anticipated To Grow Steadily, Driven By Increasing Awareness, Technological Advancements, And A Rising Number Of Lyme Disease Cases.
In Terms Of Sample Types, Blood Samples Are Predominantly Used For Lyme Disease Testing, Comprising 62.49% Of The Market Share In 2023. The Ease Of Collection And The Reliability Of Blood-Based Tests Contribute To Their Extensive Use. Hospitals Remain The Primary End-Users, Holding A 58.44% Share, Due To Their Advanced Diagnostic Capabilities And The Critical Role They Play In Patient Care.
The Competitive Landscape Features Key Players Such As Biomérieux Sa, Bio-Rad Laboratories, Thermo Fisher Scientific Inc., And Qiagen N.V. These Companies Are Actively Engaged In Research And Development To Introduce Innovative Testing Solutions And Expand Their Market Presence. For Instance, In June 2024, Valneva Se Announced The Publication Of Phase 2 Trials For Its Lyme Disease Vaccine Candidate, Vla15, Which Showed Promising Results In Targeting Multiple Borrelia Serotypes.
Despite The Positive Outlook, Challenges Persist. The Complexity Of Lyme Disease Diagnosis, Due To Its Varied Symptoms And Stages, Necessitates Continuous Advancements In Testing Methodologies. Additionally, The Need For Increased Awareness And Education Among Healthcare Professionals And The Public Remains Critical To Ensure Timely Diagnosis And Treatment.
In Conclusion, The Borrelia Burgdorferi Test Kit Market Is Poised For Substantial Growth In The Coming Years. The Convergence Of Rising Disease Prevalence, Technological Innovation, And Strategic Industry Initiatives Is Set To Drive The Market Forward, Enhancing The Capabilities Of Healthcare Systems Worldwide In Combating Lyme Disease.
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Serion Diagnostics
Medline
Igenex
GeneProof
Thermo Fisher Scientific
Everlywell
Cortez Diagnostics
Pyramid
Abcam
LetsGetChecked
Fujirebio
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Borrelia Burgdorferi Test Kit Market
Medical
Scientific Research
Others
Based on Types the Market is categorized into Below types that held the largest Borrelia Burgdorferi Test Kit market share In 2023.
Borrelia Burgdorferi Test Kit for Diagnostics
Borrelia Burgdorferi Test Kit for Research
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Borrelia Burgdorferi Test Kit Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Borrelia Burgdorferi Test Kit Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Borrelia Burgdorferi Test Kit Market, By Type
6. Global Borrelia Burgdorferi Test Kit Market, By Application
7. Global Borrelia Burgdorferi Test Kit Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Borrelia Burgdorferi Test Kit Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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