optogenetics-market
Published

APR 2018

Optogenetics Market - Segmented by Light Equipment, Actuators, Sensors, Application, and Geography - Growth, Trends, and Forecast (2018 — 2023)

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The global optogenetics market is expected to register a CAGR of 16% during the forecast period of 2018–2023.The field of optogenetics pertains to a range of optical techniques to elicit a physiological response in targeted biological systems, in the absence of pharmacology and electric stimulation. This technology utilizes light-sensitive proteins, which are capable of transducing light into biological processes, such as enzyme activation, induction of secondary messengers and electrical currents in cells, and targets their expression in cells, which lack such intrinsic photosensitivity.

Potential Diagnostic Tool in the Field of Neuroscience

Optogenetics has transformed neuroscience in the past 10 years, by allowing researchers to turn specific neurons ‘on’ and ‘off’ in experimental animals. By flipping these neural switches, it has provided clues about which brain pathways are involved in diseases like depression, obsessive-compulsive disorders, Parkinson’s disease, and others. Researchers are now moving forward with concrete plans to treat neurological diseases by developing collaborations with pharmaceutical companies to help them use optogenetics in animal research, to develop novel drug targets for human diseases. Improvement and technological advancements in toolsets such as neural connectivity, cell phenotyping tools, neural recording and imaging tools, have further enhanced and helped the growth of the optogenetics market in neuroscience.

The other factors, such as rapid growth of advanced technology like ultrafast microscopy laser tools and ytterbium-based lasers, and the increasing use of multimodal imaging are driving the optogenetics market.

High Cost of Technology

The global optogenetics market is highly restrained by the cost of technology. The technological advances in the field of laser devices and LEDs are sporadically increasing the cost of accessory devices, and hence, the overall cost of technology. Actuators and sensors are also in the stage of development with new and more technically efficient ones being developed by many labs, which might further contribute to the cost of technology. Although there are thousands of labs working on optogenetics tools and accessories, there are only few hundred labs worldwide that are working on the technology in total. The low number of labs and universities working on optogenetics is primarily due to the initial investment required to establish an optogenetic setup. For economically constrained countries, the feasibility to adopt optogenetics still seems farfetched because of the nascent nature of the technology due to which it has not entered clinical trials. The optogenetics market being nascent, there are only a few professionals that hold the expertise to handle and operate the technology. Thus, the cost of the personnel will also influence the global market of optogenetics as a whole. These high costs are hindering the optogenetics market. Also, the lack of awareness and reluctance in the adoption of new technology are hindering the market.

United States Leads the Market in North America

The United States optogenetics market held the largest share in 2017 in North America due to the presence of high-quality healthcare system and modern medical technology. Additionally, the presence of prominent players in the region is likely to contribute towards the growth of the optogenetics market.

                                                 

The Key Developments

November 2017 - Control of Optogenetic Neurons with Coherent Light Pulses (ultrafast pulses of light can trigger neurons to fire, and could someday help patients with light-sensitive circadian or mood problems).

The major players include Coherent Inc., Thorlabs Inc., Cobalt Inc., Scientifica, Laserglow Technologies, Shanghai Laser & Optics Century Co., Ltd., Upenn Vector Core, Regenxbio Inc., and Addgene, among others.

Reasons to Purchase the Report

  • Follow the current and future optogenetics market in the developed and emerging markets.
  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).

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