OPTOGENETICS MARKET ANALYSIS

Regional Analysis

On the basis of region, optogenetics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold the dominant position in the optogenetics market, owing to the rising demand for light therapy treatment for chronic pain in the region. For instance, According to Montreal Neurological Institute, the light treatment therapy has the ability to control virtually any type of neuron in the brain with pulses of light, thus making it precise both, in terms of timing and type of cells affected. Thus, optogenetics has proved to have a much more targeted approach to chronic pain relief than the conventional methods, which cannot be localized with the same precision as a beam of light. Furthermore, Asia Pacific is expected to hold a major market share in the global optogenetics market during the forecast period, primarily attributed to increasing adoption of optogenetic techniques and ultrafast laser tools by several neuroscience labs.