Nano Robots Market Size, Share & Industry Analysis, By Type (Nanomanipulator, Bio-nanorobotics, Others), By Application (Nanomedicine, Biomedical , Others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
According to some research scientists, nanorobots are likely to be streaming into the human body in the near future, intending to protect us from getting sick, deliver drugs to treat diseases, etc. Cancer detection and treatment are anticipated to be one of the opportunities, but nanorobots are beneficial for many more applications in the future of medicines. The launch of nanobots for multiple applications will help leverage the market potential and reduce the need for invasive procedures. Therefore, an increase in the R&D spending by companies to launch exemplary nanobots for the healthcare industry is anticipated to boost the global market growth during the forecast period.
The primary factor driving the global nanorobots market is the increasing R&D activities by the companies operating in the field with an aim to launch novel nanobots in the market. Additionally, the growing demand for personalized and regenerative medicines is also expected to drive the need for nanorobots experiments, thus driving the product demand.
However, heavy manufacturing and maintenance costs associated with nanorobots' development are expected to restrict the market growth during the forecast period. Also, regulations and technical challenges imposed during the R&D are likely to pose a greater risk for the companies.
Key Market Driver -
Extensive R&D to develop novel products to boost the growth of the market
Key Market Restraint -
High manufacturing cost associated with the nanotechnology to hinder market growth
Market Segmentation:
By type, the global nanorobots market is segmented into nano manipulators, bio-nanorobotics, and others. Based on application, the global market is classified as nanomedicine, biomedical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players Covered:
The major companies in the global nanorobots market report include Thermo Fischer Scientific Inc., Bruker, JEOL Ltd, ZYMERGEN INC., EV Group, Ginkgo Bioworks, Imina Technologies SA, Nanonics Imaging Ltd., and other prominent players.
Key Insights
- Snapshot of Guidelines/ Regulations Imposed on Nanorobotics
- COVID-19 Impact on the Global Nanorobots Market
- Overview of R&D Investments
- Start-ups in Nanotechnology/Nanorobotics
- Key Industry Developments – Mergers, Acquisitions, and Partnerships, etc.
Regional Analysis:
The global nanorobots market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global market in 2020, owing to the launch of new products in the region and rigorous R&D activities by companies to launch nanorobots for medicinal applications. Europe secured the second leading position in the global market due to the increasing efforts among the European companies to develop nanorobots for cancer treatment applications contributing to the region's growth. Additionally, Asia Pacific is anticipated to have a higher CAGR during the forecast period due to higher investments in pharmaceutical R&D coupled with demand for personalized/ regenerative medicines in the region. For instance, Muse Nanobots, founded by IIT Madras, India, in August 2020, developed nanotech-coating textiles with an aim to eradicate coronavirus within 5 minutes of contact. Moreover, a growing patient pool coupled with unmet medical needs is likely to foster the growth of nanotechnology in the Asia Pacific region. However, the rest of the world is anticipated to experience slower growth due to the lesser awareness and finance by public/private organizations to conduct studies based on nanotechnology.
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Segmentation
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Nanorobots Industry Developments
- In March 2021, Palms-based Bionaut labs focusing on developing nanorobots to deliver drugs for brain disease treatment received $20 million funding from investors Khosla Ventures and Upfront Ventures.
- In February 2021, TESCAN announced the launch of nanomanipulator for applications performed in TESCAN scanning electron microscope and FIB-SEM instruments.
- Ongoing
- 2023
- 2019-2022
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