Press release
Surging Growth in Global Optogenetics Market: Key Players, Driving Factors and Accelerating Trends
Optogenetics Market Size
What Is The Projected Market Size Of The Global Optogenetics Market And Its Growth Rate?
The optogenetics market has witnessed a rapid growth in recent years. Here are some key market size projections:
• The market size is expected to grow from $35.91 billion in 2024 to $41.16 billion in 2025, indicating a CAGR of 14.6%.
• The historic period growth can be credited to the rise in neurological disorders, increased funding in life sciences, drug discovery and development, and advancements in neurophotonics.
• The market size is anticipated to reach $71.95 billion in 2029, growing at a CAGR of 15.0%.
• The forecast period growth will be driven by clinical trials, therapeutic applications, expansion into non-neuronal cells, and the development of novel light-sensitive proteins.
What Is Driving The Growth In The Optogenetics Market?
Rising incidences of Parkinson's disease and epilepsy are driving growth in the optogenetics market. Parkinson's is a degenerative brain condition that causes motor symptoms, cognitive decline, and other health issues. Epilepsy results in seizures. Optogenetic therapy uses light-responsive proteins to treat Parkinson's, which are produced using gene therapy to activate or deactivate when exposed to specific light types. This leads to normalization of brain function in Parkinson's patients. In December 2022, The Parkinson's Foundation reported an annual increase in Parkinson's diagnoses to nearly 90,000, from previously estimated 60,000. Moreover, the number of people living with PD in the U.S. is expected to rise to 1.2 million by 2030 from 930,000 in 2020. This rise in Parkinson's and epilepsy cases is driving the growth of the optogenetics market.
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Who Are the Key Players Driving Optogenetics Market Growth?
Major companies operating in the optogenetics market include:
• Elliot Scientific Ltd.
• Shanghai Laser & Optics Century Co. Ltd.
• GenSight Biologics
• Danaher Corporation
• Coherent Inc.
• Thorlabs Inc.
• Prizmatix Ltd.
• Bruker Corporation
• Judges Scientific Plc.
• Merck KGaA
• The Jackson Laboratory
• Noldus Information Technology BV
• Applied Genetic Technologies Corporation
• Circuit Therapeutics Inc.
What Are The Key Trends In The Optogenetics Market?
Key trends in the optogenetics market include:
• Advancements in optogenetic tools and technologies.
• Collaborations with pharmaceutical companies.
• Optogenetics in drug discovery and development.
• Expansion into non-neural cell types.
• Integration with other imaging technologies.
What Are The Segments Of The Global Optogenetics Market?
The optogenetics market is segmented into:
1) Product: Lasers, Actuators, Sensors
2) Application: Neuroscience, Behavioral Tracking, Retinal Disease Treatment, Other Applications
3) End User: Hospitals And Clinics, Diagnostics Centers, Research Centers, Other End Users
Which Region Leads The Optogenetics Market?
North America was the largest region in the optogenetics market in 2024. The regions covered in the optogenetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Optogenetics Market Global Market Report?
- Market Size Analysis: Analyze the Optogenetics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various sub-segments within the Optogenetics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Optogenetics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Optogenetics Market.
- Competitive Developments: Analyze competitive developments such as expansions, agreements, new product launches in the market.
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