Global Optogenetics Market To Reach Worth USD57.2 Mn By 2022: Promising Growth In The Field Of Neuroscience And Gene Therapy Expected
According to the latest report published by Credence Research, Inc. “Optogenetics Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the optogenetics market was valued at USD17.2 Mn in 2015, and is expected to reach USD57.2 Mn by 2022, expanding at a CAGR of 18.6% from 2016 to 2022.
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Optogenetics refers to introduction of light responsive genes in tissue and cells and such related techniques for studying and controlling physiological responses of nerves and tissues. Optogenetics is being rapidly adopted in neuroscience research and phenomenal process had been made in development of optogenetic sensors and effectorsto understand biological signaling in organisms at molecular level.
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A critical barrier to progress in the field of optogenetics deployment is lack of availability of genetic reagents that can be conveniently used for probing biological process and associated high costs. The optogenetics market can be subdivided into sensors, actuators/effectors, and targeting techniques. Sensors are used for monitoring neural circuits and actuators are used for directly manipulating neural circuits.
The discovery of green fluorescent protein (GFP) in 1962 had revolutionized the field of scientific research, where the latest GFP techniques form a part of optogenetics. Multi-component devices that use multiplegenes have been used for creating light-sensitive action potential and can be considered as optogenetic. Additionally, explosive interest has been witnessed in the field of single-component optogenetic actuators.
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Optogenetics is a rapidly growing field with approximately 1000 laboratories worldwide engaged in optogenetic research. Over the past 5 years, abundant amount of research and new discoveries in this field have been produced, both in areas of latest optogenetic methods and neural circuitry research. Evolution of optogenetic actuators/effectors have augmented our ability to manipulate neural circuits and optogenetic sensors have enhanced our ability to study such circuits, thus enhancing our capabilities in the field of neuroscience. It will be further exciting to witness further development in optogenetics and consequently the movement of neural research.
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