North America Optogenetics Market was worth $ 8.70 million in 2016 and estimated to reach $ 17.80 million by the end of 2021 with a CAGR of 15.4 %. Optogenetics is an emerging medical technique which allows genetically defined populaces of neurons to be controlled using light, which allows the study of the characteristics of normal and abnormal brain function. The market growth for this technique is rapidly increasing as it can be applied to develop new methods to treat various illnesses such as neurological disorders, hearing impairment and retinal diseases.
Extensive research on optogenetics is being conducted in the areas of cardiology, behavioral science, neuroscience and ophthalmology. Optogenetics is an emerging field of biotechnology. The development of improved gene editing techniques will boost optogenetics and make it more proper for clinical applications. The opportunities for development in optogenetics tools and neuroscience are driving the growth for global optogenetics market.
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North America Optogenetics market is growing at a rapid pace. This market is driven by primarily by the growing use of these tools in the field of neuroscience and behavioral science. Factors such as growth of technology like LEDs, ytterbium-based lasers, ultrafast laser tools and others, and the increasing number of labs worldwide have resulted in the extensive adoption and application of this technique. The market is held back by factors such as expensive technology, lack of awareness of these tools in developing countries and reluctance in adoption of a new technology by the healthcare industry. Also, since the technology is in the nascent stage, the market is yet to develop properly.
The key players in the optogenetics market are Coherent Inc., Noldus, Thorlabs Inc. Cobalt Inc., Scientifica, Bruker, Laserglow technologies, Regenxbio Inc., Gensight, Addgene, UPenn Vector Core and Jackson Laboratories.
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