The Optogenetics Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Optogenetics Market is estimated to be USD 18.12 million in 2016 and predicted to rise to USD 37.73 million by 2021 with a CAGR of 15.8%. The market is segmented based on the type of sensors, techniques, application and light equipment. Sensor types are segmented into Genetically Encoded Calcium Indicators, pH Sensors, Neurotransmitter Release, Voltage-Sensitive Fluorescent Proteins. The techniques segment contains Archaerhodopsin, Channelrhodopsin and Halorhodopsin. Application segment is further segmented into Retinal Disease Treatment, Cardioversion, Neuroscience, Behavioral Tracking and Pacing. Light equipment segment is sub-segmented into Lasers, LEDs and others. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Optogenetics Market has shown promising signs lately. 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. This market is driven by primarily by the growing use of these tools in the field of neuroscience and behavioral science. The market is restrained 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.
As of now, North America and in particular, United States is the largest market for optogenetics in the world. 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. However, among these regions, Asia-Pacific is expected to be the fastest growing regional market.
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.
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