Focused R&D efforts for advanced line of treatment to spell growth in Lyme Disease Diagnostics Market, says report | Abbott Laboratories, Bio-Rad, Global Lyme Diagnostics, Oxford Immunotec, Canon Life Sciences

Researchmoz.us has announced the addition of a report, titled “Global Lyme Disease Diagnostics Market Size, Status, and Forecast 2021-2027”. The research report presents holistic overview of the global Lyme disease diagnostics market. It highlights key factors responsible for shaping the market dynamics during the forecast period of 2016 to 2027. The report provides vital information regarding various segments in global Lyme disease diagnostics market. These include segments by product type, by application, by company, by country, and by region. Segmental analysis of global Lyme disease diagnostics market can assist stakeholders and industry players in making informed business decisions. The study also shares insights regarding the market size, share, performance, and revenue of these segments in global Lyme disease diagnostics market.

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The research report on global Lyme disease diagnostics market presents crucial information regarding key trends and recent developments in the industry. It also sheds light on plethora of micro- and macro- economic factors influencing the growth trajectory of the market. The study features information regarding key drivers and restraints that have the potential to change the landscape of global Lyme disease diagnostics market.

Lyme disease is a communicable disease caused by infection of the bacterial species called ‘borrelia’. Symptoms of this disease include fatigue, fever, skin rashes, and depression. Early diagnosis of Lyme disease enables treatment of the patient by using antibiotics. However, the bacteria can affect patient’s joints, central nervous system, and cardiovascular systems if the treatment is not initiated in the early stages of the disease. In some cases, Lyme disease can also claim a patient’s life if it is not detected in early stages. Segments in global Lyme disease diagnostics market based on application are hospitals and clinics.

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Increasing number of government initiatives to technologically advance the healthcare facilities are expected to boost the global Lyme disease diagnostics market in coming years. Other motivators for the growth in the market include ground-breaking research and development activities to assist in early detection of the Lyme disease and rising prevalence of Lyme disease. However, lack of awareness regarding Lyme disease and inefficiency of diagnostic tests to detect variations of the disease are some of the major restraints for the growth of global Lyme disease diagnostics market. Segments in global Lyme disease diagnostics market based on the product type include serological tests, lymphocytic transformation tests, nucleic acid tests, urine antigen tests, and immunofluorescent straining tests.

The study shares insights regarding key regions and leading countries in global Lyme disease diagnostics market. It provides stakeholders with lucrative opportunities for investments in specific regions. The research report assesses regional Lyme disease diagnostics market based on prevalent end-use industries, policy and legal frameworks, and demographic information regarding target consumer population. Key regions covered in the study on global Lyme disease diagnostics market include North America (Canada and US), Europe (Russia, UK, Germany, France, Italy, Nordic countries, and rest of the Europe), Asia Pacific (South Korea, Australia, Japan, India, China, Southeast Asia, and Rest of Asia), Latin America (Brazil, Mexico, and rest of the Latin America), and Middle East and Africa (UAE, Saudi Arabia, Turkey, and rest of the Middle East and Africa). Increasing pervasiveness of common tick-borne infections and rising government investments to develop novel strategies for prevention and treatment of Lyme disease are key drivers for the growth of North American Lyme disease diagnostics market.

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The study presents an analysis of the competitive landscape of the global Lyme disease diagnostics market. It highlights key incumbent players in the market as well as their key competitors. The report provides information regarding company profile, product portfolio, main business information, production capacity, and regional prominence of major players in global Lyme disease diagnostics market. The study also sheds light on sales, profit margin, and revenue of major players in global Lyme disease diagnostics market. Some of the major players assessed in the study on global Lyme disease diagnostics market are Abbott Laboratories, Bio-Rad, Global Lyme Diagnostics, Oxford Immunotec, Canon Life Sciences, Graphene Frontiers, and Trinity Biotech.

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