APAC Optogenetics Market Size & Growth (2019 - 2024)
The size of the Optogenetics Market in APAC was worth USD 3.65 billion in 2019 and estimated to reach USD 8.07 billion by the end of 2024 with a CAGR of 17.20%.
Optogenetics is an emerging medical technique that 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 of the global optogenetics market.
Asia-Pacific 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 the growth of technology like LEDs, ytterbium-based lasers, ultrafast laser tools 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 the adoption of new technology by the healthcare industry. Also, since the technology is in the nascent stage, the market is yet to develop properly.
This research report has been segmented & sub-segmented into the following categories:
Regionally, Asia-Pacific, Latin America and the Middle East and Africa regions are still in the adoption phase of this technology. 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 supports the growth of the Asia-Pacific market.
Notable companies in the APAC Optogenetics Market profiled in this report are Coherent Inc., Noldus, Thorlabs Inc. Cobalt Inc., Scientifica, Bruker, Laserglow technologies, Regenxbio Inc., Gensight, Addgene, UPenn Vector Core and Jackson Laboratories.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Sensor Type
5.1.1 Genetically Encoded Calcium Indicators
5.1.2 pH Sensors
5.1.3 Neurotransmitter Release
5.1.4 Voltage-Sensitive Fluorescent Proteins
5.2 By Technique
5.2.1 Archaerhodopsin
5.2.2 Channelrhodopsin
5.2.3 Halorhodopsin
5.3 By Application
5.3.1 Retinal Disease Treatment
5.3.2 Cardioversion
5.3.3 Neuroscience
5.3.4 Behavioral Tracking
5.3.5 Pacing
5.4 By Light Equipment
5.4.1 Lasers
5.4.2 LEDs
5.4.3 Others
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Coherent Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Noldus
8.3 Thorlabs Inc.
8.4 Cobalt Inc.
8.5 Scientifica
8.6 Bruker
8.7 Laserglow Technologies
8.8 Regenxbio Inc.
8.9 Gensight
8.10 Addgene
8.11 UPenn Vector Core
8.12 Jackson Laboratories
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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