Global Optogenetics Market to Reach US$ 158.7 Billion by 2032, Impelled by Increasing Prevalence of Neurological Disorders

September 26, 2022 | Healthcare

According to the latest report by IMARC Group, titled "Optogenetics Market Report by Light Equipment Type (Light-emitting Diode (LED), Laser), Application (Neuroscience, Behavioral Tracking, Retinal Disease Treatment, and Others), End User (Hospitals, Clinics, Diagnostic, Research, and Others), and Region 2024-2032," the global optogenetics market reached a value of US$ 44.8 Billion in 2023. Optogenetics is a biological technique that uses a combination of light and genetic engineering to control the cells of the brain. It has become prevalent and is now used in brain research laboratories worldwide. Optogenetics is a neuromodulator method that uses a combination of optics and genetics techniques to control individual neurons' activities in living tissue, even within freely-moving animals. There have been rapid advances in optogenetics, including the advent of wireless microchips, that might aid in providing a suitable treatment option for depression and Parkinson's.

Global Optogenetics Market Trends:

The global market is primarily driven by the increasing prevalence of neurological disorders. In line with this, rapid technological advances in the healthcare sector are creating a positive outlook for the market. Furthermore, extensive research and development (R&D) in the field of optogenetics are positively influencing the market. Apart from this, continual improvements and technical developments in toolsets, such as neural connectivity, neural recording, imaging tools, and cell phenotyping tools, are catalyzing the demand for optogenetics in neuroscience. Moreover, a strong focus on testing novel therapies for cardiac abnormalities is propelling the market. Besides this, the rising geriatric population with vision-related disorders is strengthening the market. Additionally, the growing number of people affected by addiction, mood disorders, depression, and anxiety is providing a boost to the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 158.7 Billion by 2032, exhibiting a CAGR of 14.8% during 2024-2032. 

Market Summary:

  • On the basis of the light equipment type, the market has been segmented into light-emitting diode (LED) and laser.
  • Based on the application, the market has been categorized into neuroscience, behavioral tracking, retinal disease treatment, and others.
  • On the basis of the end user, the market has been classified into hospitals, clinics, diagnostic, research, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Addgene, Coherent Inc., Elliot Scientific Limited, GenSight Biologics S.A., HÜBNER GmbH & Co KG, Judges Scientific plc, Laserglow Technologies, Noldus Information Technology, Regenxbio Inc., Shanghai Laser & Optics Century Co. Ltd, The Jackson Laboratory and Thorlabs Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Light Equipment Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Addgene, Coherent Inc., Elliot Scientific Limited, GenSight Biologics S.A., HÜBNER GmbH & Co KG, Judges Scientific plc, Laserglow Technologies, Noldus Information Technology, Regenxbio Inc., Shanghai Laser & Optics Century Co. Ltd, The Jackson Laboratory and Thorlabs Inc.
Customization Scope 10% Free Customization
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Global Optogenetics Market to Reach US$ 158.7 Billion by 2032, Impelled by Increasing Prevalence of Neurological Disorders
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