The global Optogenetics Actuators and Sensors market size is expected to be worth around US$ 784.73 million by 2030, according to a new report by Vision Research Reports.
The global Optogenetics Actuators and Sensors market size was valued at US$ 704.74 million in 2020 and is anticipated to grow at a CAGR of 1.93% during forecast period 2021 to 2030.
Growth Factors
Advancements in optogenetics have been on a rise. The technique allows imaging and visualizing different regions of the brain and functions responsible for memory, emotion, and attention. This helps prevent the development of inherited neurological and psychiatric disorders. Currently, various ultrathin and flexible microchips are employed as injectable devices that put nerves under wireless control.
In many countries, governments provide funds to research institutions as well as individual researchers for introducing novel technologies in neuroscience and ophthalmology, which is expected to drive the market in the coming years. Key initiatives undertaken by international organizations such as the World Health Organization (WHO) and the National Institute of Health (NIH) in the field of mental health in various regions have fueled the growth of optogenetics.
Recently, researchers at Massachusetts Institute of Technology (MIT) developed novel fibers that mimic the flexibility of brain tissue and are able to deliver chemical, electrical, and optical signals back and forth into the brain. These small fibers can be retained in the brain for a longer period and are also able to build better brain-computer interfaces.
Report Highlights
Sensors are likely to emerge as the fastest-growing segment in this market. Major investments by industrial entities for advancements in genetically encoded calcium indicators,voltage-sensitive fluorescent proteins, and pH sensors are anticipated to boost segment growth. Researchers have developed voltage-sensitive fluorescent proteins-based sensors that provide vital voltage reports.
In addition, various ongoing studies are being conducted to develop fast fluorescent protein voltage sensors. Scientists are developing such sensors by optimizing Foster Resonance Energy Transfer (FRET) interactions, which can be helpful in monitoring in vivo neuronal activities. These studies are funded by private and public organizations and are expected to boost segment growth in the coming years.
Gensight Biologics announced that it has completed the enrollment of the RESCUE phase III study of GS010 for the treatment of Leber Hereditary Optic Neuropathy (LHON) in order to offer patients sustainable functional visual recovery. The company is developing a lead product candidate-GS010-along with an external wearable medical device for stimulation of transduced cells.
Circuit Therapeutics, Inc. announced its collaboration with H. Lundbeck A/S, a global pharmaceutical company that specializes in psychiatric and neurological disorders. This collaboration is expected to enhance and extend the understanding of neural circuits and is anticipated to boost the development of novel drugs to treat psychiatric disorders. To achieve their objectives, both companies are using Circuit’s proprietary optogenetics technology platform.
Furthermore, companies are developing and launching optogenetic tools and screening systems for behavioral testing of rodent models in studies pertaining to neuroscience. These products are further used to develop novel and potential therapeutics for neurological problems such as autism spectrum disorder.
Retinal disorders account for the largest share in the optogenetics actuators & sensors market. An increase in the incidence of retinitis pigmentosa, glaucoma, and diabetes-related retinal diseases is a major factor driving the segment. According to data presented by the National Institute of Health (NIH), at present, more than 2.7 million people in the U.S. have glaucoma and the number is expected to reach 4.2 million by 2030. Currently, more than 7.7 million people aged 40 and older have diabetic retinopathy, which is expected to reach 11 million by 2030.
Rise in incidence of neurological and mental disorders such as Parkinson’s disease, depression, and schizophrenia is driving the neurological disorders segment. The NIH encourages various studies and programs on neurological disorders and psychiatric well-being in order to reduce the burden of brain disorders globally. In addition, various organizations are focusing on investments, developments, and fellowship grants to support initiatives in this field.
Scientists from Gladstone Institutes have recently discovered a brain circuit to treat Parkinson’s disease, which helps control walking and identify new targets. Scientists utilize optogenetics to stimulate “go” and “stop” pathways responsible for triggering locomotion while recording neural activities in brains. The study revealed that the specific set of neurons in the brainstem is essential and adequate to initiate movements.
North America dominated the global market, with the U.S. at the forefront. Local presence of market players, continuous R&D, technological advancements, and well-established healthcare framework in the region are some of the factors attributed to the dominance of this region.
Moreover, funding from public and private entities is a major factor driving the market in North America. Recently, the National Institute of Neurological Disorders & Strokes (NINDS), which is a part of NIH, invested around USD 107 million for research pertaining to Parkinson’s disease. The organization is also initiating a number of programs including Parkinson’s Disease Biomarkers Programs (PDBP), research, and discovery-oriented initiative to reduce the burden of neurodegenerative and mental disorders in the region.
Key Players
Elliot Scientific Ltd.; Gensight Biologics; Thorlabs, Inc.; Addgene; The Jackson Laboratory; Coherent, Inc.; Bruker; Scientifica (Judges Scientific Plc Company); Noldus Information Technology; Prizmatix; Danaher; Merck KGaA; Shanghai Laser & Optics Century Co., Ltd. (SLOC); AGTC; and Circuit Therapeutics, Inc.
Market Segmentation
Product Outlook
Actuators
Channelrhodopsin
Halorhodopsin
Archaerhodopsin
Sensors
Genetically Encoded Calcium Indicators
Voltage-Sensitive Fluorescent Proteins
pH Sensors
Disease Type Outlook
Retinal Disorders
Parkinson’s Disease
Anxiety & Depression
Autism
Schizophrenia
Others
Regional Outlook
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
Japan
China
Latin America
Brazil
The Middle East and Africa (MEA)
South Africa
The Optogenetics Actuators and Sensors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Optogenetics Actuators and Sensors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Optogenetics Actuators and Sensors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Optogenetics Actuators and Sensors market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Optogenetics Actuators and Sensors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Optogenetics Actuators and Sensors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Optogenetics Actuators and Sensors by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Optogenetics Actuators and Sensors market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Optogenetics Actuators and Sensors market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Optogenetics Actuators and Sensors market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Optogenetics Actuators and Sensors industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Optogenetics Actuators and Sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Optogenetics Actuators and Sensors market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Optogenetics Actuators and Sensors market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Optogenetics Actuators and Sensors market. These factors have benefited the growth of the global market for Optogenetics Actuators and Sensors. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Optogenetics Actuators and Sensors. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Optogenetics Actuators and Sensors are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers