Lyme Disease Vaccine Market is valued at USD 26.7 Million in 2021 and expected to reach USD 135.9 Million by 2028 with a CAGR of 26.2% over the forecast period.
Lyme Disease Vaccine Market Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028, Increasing prevalence of Lyme disease infections, and growing clinical trials of new vaccines are major factors anticipated to drive the growth of the Global Lyme Disease Market.
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Scope of Global Lyme Disease Vaccine Market Report:
The Lyme disease, also known as Lyme borreliosis, is a vector-borne disease caused by the Borrelia bacterium, which is spread by ticks in the genus. Infected blacklegged ticks when bite to humans the disease is transmitted to humans. Lyme-causing bacteria can gradually travel from the tick’s gut to its salivary glands and then transmit the bacteria to the site of the bite. The symptoms of the disease include fatigue, fever, headache and skin rash. If left untreated, it can spread to heart, nervous system and joints and can be lethal. The vaccine for Lyme disease is under pipeline. Mostly endemic areas people has acquire Lyme disease. Lyme disease vaccination is the best way to protect against the mounting threat of tick-borne diseases.
The Covid-19 pandemic has shown A significant impact on global lyme diseases vaccine market. The Covid-19 outbreak caused stressful situation amongst healthcare industry as WHO declared it pandemic. The vaccine development against covid-19 was the most essential thing during initial stage during pandemic. The bacterial vaccines such as DNA vaccines and clinical trials of various DNA vaccines for Covid-19 are carried out which has been positively impacted the global Lyme disease vaccine market.
The global Lyme disease vaccine market is segmented into on the basis of type, application and region & country level. On the basis of type, the global Lyme disease vaccine market is classified into inactivated vaccine and attenuated vaccine. Based upon application, the global Lyme disease vaccine market is divided into hospital, scientific research and others.
Global Lyme Disease Vaccine Market Segmentation:
- Inactivated Vaccine
- Attenuated Vaccine
- Scientific Research
The regions covered in global lyme diseases Vaccine market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global lyme diseases vaccine market is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Key Players of Global Lyme Disease Vaccine Market:
Some of the key players for global Lyme disease vaccine market are:
- Sanofi Pasteur SA
- Hualan Biological Engineering
- Janssen Pharmaceuticals
- Bharat Biotech International
- Serum Institute of India Pvt
News: Yale Researchers Developed mRNA-Based Lyme Disease Vaccine
On December 17th, 2021; Yale University researchers developed a completely exceptional vaccine that in guinea pigs presents safety against infection by the bacterium that causes Lyme disease and should also battle other tick-borne diseases. As an alternative of triggering an immune reaction against a precise pathogen, the innovative vaccine prompts a quick response inside the skin to components of tick saliva, preventive the quantity of time that ticks require to feed on and contaminate the host. The vaccine is delivered by the similar mRNA technology that has proved so helpful against Covid-19.
Newly Developed Vaccine Could Prevent Lyme Disease
On March 2nd, 2021; University of Massachusetts School of medicine had developed a new vaccine that could avoid Lyme disease in humans. The vaccination against the tick-borne disease received federal approval previous year and is now a part of an early clinical test. Work on the vaccine is being spearheaded by Dr. Mark Klempner, a associate of the school’s biologics program who has been performing on a Lyme cure for a decade. The vaccine is being tested on 66 patients in Nebraska, Lincoln, and could be accessible to the public in the spring of 2023.
Increasing Prevalence of Lyme Disease Infections, and Growing Clinical Trials of New Vaccines are Driving the Growth of the Global Lyme Disease Market
North America is Expected to Dominate the Global Lyme Disease Vaccine Market
North America is expected to dominate the global Lyme disease vaccine market due to the increasing prevalence of Lyme disease, research and development in vaccines and highly developed healthcare infrastructure in this region.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
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