Optogenetics Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4172
Optogenetics Market size is projected to experience significant growth from 2019 to 2025.
Optogenetics is the biological practice in neuroscience used for monitoring the cells with the help of light. It is majorly used to control and monitor the activities of neurons in living cells. Optogenetics market is estimated to witness considerable growth over the forecast timeframe owing to increasing adoption rate optogenetics technology in the field of behavioral and neuroscience. Moreover, increasing technological advancements in optogenetics coupled with growth in ultrafast laser tool technology will augment market growth.
Multimodal imaging such as, computed tomography (CT), positron emission tomography (PET) and magnetic resonance imaging (MRI) plays a crucial role in precisely identifying the unhealthy tissues. Hence, increasing use of such technologies will propel market growth across the projected time period. Additionally, development in genetic engineering research and growth in number of research laboratories adopting optogenetics technology will further augment market growth.
However, the excessive cost of optogenetics technology is a major growth hindering factor. Moreover, dearth of skilled professionals for optogenetic research along with lack of awareness about the optogenetics in various developing as well as developed economies of the world will act as major growth restraining factors.
Light instruments segment is expected to witness considerable growth over the forecast timeframe. Light instruments include, Light-emitting Diode (LEDs) and lasers. LEDs are found to surpass lasers in several aspects such as, they are more reliable, smaller in size, easier to control as well as, cost effective in nature. Effective LED therapies are used in treating neurological and cutaneous diseases. Hence, the aforementioned reasons will increase demand for lights instruments thus, augmenting market growth.
Neuroscience segment is expected to hold major chunk of revenue over the projected years. High growth is attributed to the factors such as, various advancements in neuroscience and increasing prevalence of neurological diseases. Additionally, rising government initiatives supporting various research and development activities will further boost market growth. For instance, in 2014, a private-public funded project aimed at better understanding of the human brain called The BRAIN initiative have been proposed. Hence, such initiatives will assist the market to deliver positive growth.
U.S. is expected to witness substantial growth over the forecast period owing to increase in use of optogenetic devices primarily in research and academic labs. Also, rise in prevalence of neuronal disorders such as, epilepsy, brain tumors and Parkinson's disease will further boost regional growth. As per Center for Disease Control and Prevention (CDC), in 2015, 3.4 million people in the U.S. are diagnosed with epilepsy, which is expected to drive the growth of optogenetic market. Additionally, it is rapidly being used in various research and academic labs across the U.S.
China is expected to witness significant growth in the optogenetics market during the analysis period. Technological advancements and increasing adoption of optogenetic technologies for the treatment of various neurological conditions will augment optogenetics market growth in China. Furthermore, increasing prevalence of neurological disorders is another major growth augmenting factor.
Some of the key industry players include Cobolt Inc., Addgene, Gensight Biologics, Coherent Inc., Laserglow Technologies, Scientifica, Shanghai Laser & Optics Century Co. Ltd, Noldus Information Technology, and Thorlabs Inc. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launches to expand their business product portfolio.
Optogenetics Market by Product, 2014-2025 (USD Million)
- Light instruments
- Light-emitting Diode (LED)
- Calcium (Aequorin, Cameleon, and Other Calcium Sensors)
- Chloride (Clomeleon)
- Membrane-gated (Mermaid)
Optogenetics Market by Application, 2014-2025 (USD Million)
- Behavioral tracking
- Retinal disease treatment
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Cobolt Inc.
- Coherent Inc.
- Gensight Biologics
- Laserglow Technologies
- Noldus Information Technology
- Shanghai Laser & Optics Century Co. Ltd
- Thorlabs Inc.
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