The global Nanorobotics market size is expected to reach USD 14.03 Billion in 2028 and register a CAGR of 10.9% over the forecast period, according to the latest report by Emergen Research. Nanorobotics market revenue growth is driven by key factors such as rapid innovations in nanorobotics technology and increasing application of the technology in treatment of neurological cardiovascular, oncological, infectious, orthopedic diseases, and others.
Furthermore, increasing adoption of medical equipment and more advanced technologies such as Machine Learning (ML) and Artificial Intelligence (AI) is driving growth of the global nanorobotics market, and the trend is expected to continue going ahead. Upsurge in demand for miniaturized devices along with rapid rate of automation across various sectors are other factors fueling market revenue growth. Advancements in features of nanorobotics will further drive market growth. However, increase in complexities with miniaturization is a key factor hampering revenue growth of the market currently.
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Some Key Highlights from the Report
In March 2021, Bionaut Labs, which is a company that is developing nanorobots to deliver drugs for treatment of brain diseases, announced that it had received a funding of USD 20 million led by Khosla Ventures and Upfront Ventures. The funds will be used to guide Bionaut Labs through clinical and preclinical development of its nanorobot technology.
Magnetically guided nanorobotics segment revenue is expected to register a significantly rapid rate during the forecast period. This can be attributed to increasing demand for delicate applications as magnetically guided nanorobots provide high degree of maneuverability in complex procedures. Nanorobotics is employed to carry and deliver live cells to targeted areas in the body, which further expected to advance, and this is expected to continue to drive revenue growth of this segment over the forecast period.
Nanomedicine segment accounted for largest revenue share in 2020 due to its commercialization in the healthcare industry on large scale for drug delivery, in vitro diagnostics, in vivo imaging, biomaterial, drug therapy, and active implants.
North America accounted for largest revenue share in 2020 due to high spending on healthcare and increased investment in research development of nanotechnology. Another contributing factor is increased demand for nanorobotics from the National Science Foundation (NSF) and the Defense Advanced Research Projects Agency (DARPA). Various clinical trials and pipeline projects in the U.S. for development of nanorobotics in various areas are also fueling market revenue growth.
Major players in the market include Bruker, Oxford Instruments, Toronto Nano Instrumentation, JEOL Ltd., Imina Technologies, Klocke Nanotechnik, Thermo-Fisher Scientific Inc., Ginkgo Bioworks, Agilent Technologies, and Park Systems.
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Key Questions Answered in the Report:
What is the growth rate of the Nanorobotics market? What is the anticipated market valuation of Nanorobotics industry by 2027?
What are the key growth driving and restraining factors of the Nanorobotics market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Nanorobotics industry over the forecast period?
Which region is expected to show significant growth in the coming years?
For the purpose of this report, Emergen Research has segmented the global nanorobotics market based on type, application, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Nanomanipulator
- Electron Microscope (EM)
- Scanning Electron Microscope (SEM)
- Transmission Electron Microscope (TEM)
- Scanning Probe Microscope (SPM)
- Atomic Force Microscopes (AFM)
- Scanning Tunneling Microscope (STM)
- Electron Microscope (EM)
- Bio-Nanorobotics
- Magnetically Guided
- Bacteria-Based
Application Outlook (Revenue, USD Billion; 2018–2028)
- Nanomedicine
- Biomedical
- Mechanical
- Others (Space and Oil Gas)
Unfolding the prime factors prompting growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Nanorobotics market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Nanorobotics Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Nanorobotics market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Read More: https://www.emergenresearch.com/industry-report/nanorobotics-market
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