Global Optogenetics Market Is Estimated To Witness Growth Owing To Increasing Prevalence Of Chronic Diseases And Growing Patient Population

Optogenetics Market
Optogenetics Market

Overview:

Optogenetics is a way of controlling brain cells with light. It is a combination of genetics and optical technologies that allows scientists to switch specific neurons on or off precisely and selectively. It is a powerful tool for studying neuronal activity in living animals and it can be used to understand certain neurological diseases.

It has the potential to be useful in the treatment of vision loss, deafness, and pain in humans. These genes are incorporated into the cell membranes of neurons and allow the cells to be turned on or off with light. These tools can be used to control neuronal activity in the context of a wide variety of questions, ranging from understanding the mechanisms that regulate fear to exploring how dopamine-making neurons may give rise to feelings of reward and pleasure.

Market Dynamics:

Growing acquisition by key players is estimated to augment growth of the global Optogenetics Market over the forecast period. For instance, Arctos Medical was acquired by Novartis in September 2021. This acquisition will enhance their optogenetics portfolio and also bring in new treatments for patients suffering from serious vision loss. Moreover, lack of awareness regarding optogenetics is anticipated to restrain growth of the global optogenetics for market over the forecast period.

Impact of COVID-19:

The pandemic had a significant impact on many sectors of the society. The pandemic had a major impact on the manufacturing of several items as several units were halted. This was due to shortage of raw materials and skilled manpower. The pandemic also had a huge impact on the healthcare system of many countries.

Several nations were facing challenges in treating COVID-19 patients as there was a shortage of drugs, medical equipment and skilled professionals. During the pandemic many research activities and clinical trials were also stopped, owing to strict government restrictions and many other research activities were being conducted for developing vaccines and drugs against COVID-19. This hampered the growth of the global optogenetics for market.

Key Takeaways:

The global Optogenetics Market is expected to witness high growth, exhibiting CAGR of 17.35%  over the forecast period, due to growing expansion by key players.

For instance, TSE Systems and NeuroLux, declared their partnership in September 2021, that will help in changing the in vivo animal science. North America is anticipated to witness significant growth in the global optogenetics for market over the forecast period, owing to growing prevalence of chronic diseases and rising product launches.

Major players operating in the global Optogenetics Market are Thorlabs Inc., Hubner Group, Shanghai Laser & Optics Century Co. Ltd, Coherent Inc., Noldus Information Technology, Gensight Biologics, Prizmatix, Laserglow Technologies, Judges Scientific plc, Elliot Scientific Limited, Addgene, Merck KGaA, Danaher, and Bruker.

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