Optogenetics Market Latest Trends, Size Evaluation, Global Share, Technology Focus On Key Drivers and Future Growth to 2023

September 19 21:22 2019
Optogenetics Market Latest Trends, Size Evaluation, Global Share, Technology Focus On Key Drivers and Future Growth to 2023

Optogenetic Market
Global Optogenetic Market Professional Insights 2019 by product type (light instruments, actuators, sensors), by application (retinal diseases treatment, hearing problems treatment, neuroscience, and others), – Forecast to 2023

According to the Market Research Future latest in-depth market analysis of the Global Optogenetics Market expected to reach stands at around USD 50 Million by the end of the review period.

Optogenetics Market Overview

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.

Optogenetics is a technique that enables scientists to control the brain. It is done by controlling the signaling of individual neurons. 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 awareness about this technique is far less in other regions of the world that are less developed as compared to the former mentioned regions.

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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.

Competitive Landscape

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.

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.

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.

Intended Audience 

  • Biotechnology Companies
  • Chemical Companies
  • Lens manufacturing companies
  • Biosuppliers Companies
  • Electrical instruments making companies
  • R & D laboratories
  • Suppliers and Distributors of the medical devices

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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.

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