Optogenetics Market Global Industry Perspective, Comprehensive Analysis and Forecast 2030
Optogenetics Market Overview
On the flip side, high cost related to technology, lack of awareness concerning these tools and techniques across the developing nations, and reluctance from healthcare professionals to implement this new technology can restrain the market growth of optogenetics market.
Optogenetics is a technique that enables scientists to control the brain. It is done by controlling the signaling of individual neurons. It uses light to modulate molecular events in a targeted and narrowed down manner in living cells or organisms. It depends on the practice of genetically-encoded proteins that change shape under the presence of light in order to alter cell behavior. The technique combines methods from genetics and optics to monitor neurons. The available optogenetics products in the market are actuators, light instruments used, and sensors. The usage and application of optogenetics is primarily seen in the European and American region. The awareness about this technique is far less in other regions of the world that are less developed as compared to the former mentioned regions.
According to the latest in-depth market analysis of the global Optogenetics Market, the market is projected to grow at a massive scale with a CAGR of 5.5% during the forecasted period. The expected market reach stands at around USD 50 Million by the end of the review period. Optogenetics has evolved over the years and are now used successfully for studying numerous phenomena in neuroscience and is used to enhance the capabilities that lies in the field of neuroscience. Rising usage of this tool in the field of behavioral science and neuroscience, and fast-paced technological advancements like LEDs, ultrafast laser tools, ytterbium-based lasers, and others have contributed to the growth of the market. Add to these, the increasing number of labs on a global scale that have adopted this advanced technology for research purposes is adding further value to the market.
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Optogenetics Market Regional Analysis
The global geographical market for optogenetics includes the Americas, Asia-Pacific, Europe, and Middle East and Africa.
The market is dominated by American and the European region, wherein advancement in technology and research is contributing to the region’s dominance. In Americas, the availability of funds for R&D purposes is stimulating the product’s growth in this region. Additionally, the market is poised for rapid growth due to the available technologies for cell modifications and other processes in cell biology. The vast pool of researched institutes and academic centers drive the market growth of optogenetics. The Middle East and Africa region as well as the Asia Pacific region hold the least market share for optogenetics due to lack of development and awareness.
Optogenetics Market Segmentation
The global Optogenetic market is segmented in terms of application and product type.
By product type, the market includes actuators, light instruments used, and sensors. The light equipment market is further narrowed down into LEDs and lasers. As for the actuators, they are further segmented into Archaerhodopsin, Channelrhodopsin, and Halorhodopsin. The sensors are segmented into Cameleon, Chloride (clomeleon), Aequorin, membrane gated (mermaid) and GCaMP.
By application, the market narrows down into behavioral tracking, hearing problem treatment, neuroscience, retinal disease treatment, cardiovascular ailments, and pacing.
Competitive Landscape
The global Optogenetics market comprises of various prominent players that includes Addgene, UPenn Vector Core, Laserglow technologies, Scientifica, Regenxbio Inc., Cobalt International Energy, Inc., Jackson Laboratories., Thorlabs Inc., Coherent Inc., and others.
On January 2019, Researchers at the University of Arizona have gone on to develop an advanced optogenetics device which can help stimulate more than one area of the brain all at once and the intensity the emitted light can be controlled. The wireless and battery-free device can pave the way towards creating various neurological disorders and control chronic pain.
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