Report Overview:
Global Nanorobotics Market expected to reach $14.2 billion by 2026, at a CAGR of over 14.7% during the forecast period. Growing demand for miniaturization of devices coupled with increasing government support and level of investment in nanorobotics will further boost growth in the global nanorobotics market.
Nano Robotics is the technology of creating machines or robots close to the microscopic scale of a nanometer (10−9 meters). Nanorobotics refers to nanotechnology – an engineering discipline for designing and building nanorobots. These devices range from 0.1-10 micrometers and are made up of nanoscale or molecular components. Nanorobotics is widely used in nanomedicine owning to its healthcare characteristics. These nanobots carry a load with the drug, and they are capable of identifying specific categories of cancer cells among billions of healthy cells by using biomarkers. Therefore, with continuous technology advancements and increasing R&D expenditure is expected to fuel growth in the global nanorobotics market.
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The report covers all the major trends and drivers playing a vital role in the growth of the Nanorobotics market. The global Nanorobotics market has been segmented based on geography, type, and application.
Market Dynamics
The global Nanorobotics market growth is driven by an increase in government support and level of investment in nanorobotics, growing advancements in molecular robots, and an increasing focus on nanotechnology and regenerative medicine. Also, integration of microscopy with spectroscopy and growth opportunities in emerging markets such as China and India is expected to further drive the market over the forecast period (2019-2026).
Moreover, the increased demand for miniaturization coupled with high demand for automation across sectors plays a vital role in the growth of the global nanorobotics market. Developed countries such as the U.S., Japan, and the U.K. hold the majority share in this market. This is due to factors such as advancement in technology, availability of high-end infrastructure, and high capital disbursement into the development of new and developed nanorobotics systems.
However, high manufacturing cost and initial capital expenditure might increase restraint market’s growth.
Key Segmentation:
Global Nanorobotics Market By Type:
• Nanomanipulator
• Bio-Nanorobotics
• Magnetically guided
• Bacteria-based
In 2018, the Nanomanipulator held the majority share in the market.
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Competitive Landscape
Global Nanorobotics Market is moderately concentrated with the presence of few global and regional players in the market. Intense rivalry among top players in the market has started fierce competition at various levels such as M&A strategies, new and innovative product launches, and spending on research and development.
For instance, In 2017, Oxford Instruments Asylum Research introduced its new SurfRider “HQ-Series” of high quality, budget-priced AFM probes, which are also available in a model suitable for nanomechanical image mode.
Some major players in the market are Bruker, JEOL, Thermo Fisher Scientific, Ginkgo Bioworks, and Oxford Instruments. Other prominent players in the market include EV Group, Imina Technologies, Toronto Nano Instrumentation, Klocke Nanotechnik, Kliendiek Nanotechnik, and among others.
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