Optogenetics Market is growing with high growth rate of CAGR 16% by 2023 | Top Players : COHERENT INC., THORLABS INC., COBALT INC., SCIENTIFICA, LASERGLOW TECHNOLOGIES, SHANGHAI LASER & OPTICS CENTURY CO., LTD., UPENN VECTOR CORE, amongst others

Market Analysis:

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.

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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. 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. But the global optogenetics market is highly restrained by the cost of technology.

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Market Segments:
Optogenetics Market is segmented by:
1. Light Equipment: Laser, Light Emitting Diode (LED)
2. Actuators: Channelrhodopsin, Halorhodopsin, Archaerhodopsin
3. Sensors: Calcium (Aequorin, Cameleon, Others), Chloride (Clomeleon), Membrane Gated (Mermaid)
4. Application: Neuroscience, Behavioral Tracking, Retinal Disease Treatment, Cardioversion and Pacing, Correction of Hearing Impairment
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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).

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