OPTOGENETICS ACTUATORS AND SENSORS MARKET ANALYSIS

Regional Analysis

optogenetics actuators and sensors market - Regional Insights

On the basis of geography, optogenetics actuators and sensors market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be the dominant region in the optogenetics actuators and sensors market. Most of the optogenetics related research is ongoing in the U.S., which is why it serves as a conducive environment for growth of the market. There is strong government funding to carry research and development in this field as optogenetics has potential to better understand pathophysiology in chronic neural disease such as Alzheimer’s disease and Parkinson’s disease, which has high prevalence rate in the U.S. National Institute of Mental Health of the National Institutes of Health (NIH) in 2016, awarded grant of US$ 1.4 million to Max Planck Florida Institute for Neuroscience and NYU Langone Medical Center for research in optogenetics. Companies such as GenSight Biologics have its optogenetics research platform GS030 in preclinical stage.