According to the report Global Optogenetics Market, published by Market Data Forecast, the global market is projected to reach USD 37.73 million by 2021, at a CAGR of 15.80% from 2016 to 2021.
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.
Optogenetics is the emerging field of biotechnology. Extensive research on optogenetics is being conducted in the areas of cardiology, behavioral science, neuroscience and ophthalmology. The opportunities for development in optogenetics tools and neuroscience are driving the growth for global optogenetics market.
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Global Optogenetics Market: Drivers & Restraints
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.
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Global Optogenetics Market: Segmentation
By Sensor Type
- Genetically Encoded Calcium Indicators
- pH Sensors
- Neurotransmitter Release
- Voltage-Sensitive Fluorescent Proteins
- Retinal Disease Treatment
- Behavioral Tracking
By Light Equipment
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Global Optogenetics Market: Overview
Neuroscience and optogenetic research activities are being conducted on a large-scale in the North American region. Optogenetics in North America is expected to follow the general biotechnology market trends in the region. Europe comes second in terms of region-wise revenue. Asia-Pacific, Latin America and Middle East and Africa regions are still in the adoption phase of this technology.
To provide country level analysis of the market with respect to the current market size and future prospective. To provide country level analysis of the market for segment by sensor type, by technique, by application and its sub-segments. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global optogenetics market.
Global Optogenetics Market: Region-wise Outlook
The market is geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America and predominantly United States is the largest market for optogenetics in the world. However, among these regions, Asia-Pacific is expected to be the fastest growing regional market. Large-scale CRO activities being done in the region which support the growth of Asia-Pacific market.
Key Questions Answered
- What is the current and future Global Optogenetics Market outlook in global? What trends are affecting the global market?
- What is the competitive landscape and market share of major players in the Global Optogenetics space globally?
- Which geographical region will lead the global Optogenetics market by the end of the forecast period?
- What are the key, high growth markets that Global Optogenetics manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Global Optogenetics currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Global Optogenetics?
- What are the challenges and barriers that have hindered widespread adoption of Global Optogenetics?
Global Optogenetics Market: Key Players
Some of 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.
Reasons to buy Global Optogenetics Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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