Optogenetics Market Overview, Trends, Demand and Supply, Forecasts to 2023
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
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, expected market reach stands at around USD 50 Million by the end of the review
period.
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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
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
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.
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.
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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
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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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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Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
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