According to
the new market research report on the "Nanorobotics
Market by Type (Nanomanipulator (Electron Microscope and Scanning Probe Microscope),
Bio-Nanorobotics, Magnetically Guided, and Bacteria-Based), Application
(Nanomedicine, Biomedical, and Mechanical), and Geography - Global Forecast to
2023", published by MarketsandMarkets™, the Nanorobotics Market is
estimated to grow from USD 4.9 billion in 2018 to USD 8.3 billion by 2023, at a CAGR of 11.1%. The market
is mainly driven by factors such as increasing government support and level of
investment in nanorobotics, growing advancements in molecular robots, and
rising focus on nanotechnology and regenerative medicine.
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Market for magnetically guided nanorobotics to grow at highest
CAGR during forecast period
The
nanorobotics market for magnetically guided type is expected to grow at the
highest CAGR during the forecast period. This is attributed to the ease of use
of magnetically guided nanorobotics systems as compared with other nanorobotics
types. Globally, several companies and research institutes have developed
magnetic manipulation system that uses electromagnetic coils to wirelessly guide
nanorobots in several nanorobotics applications. The market for
bio-nanorobotics is expected to grow at the second-highest CAGR during the
forecast period.
Browse in-depth TOC on "Nanorobotics Market"
33 – Tables
31 – Figures
113 – Pages
Nanomedicine application to hold largest share of nanorobotics
market during forecast period
Nanorobotics
is widely used in nanomedicine owning to its healthcare characteristics.
Nanomedicine is expected to hold the largest share throughout the forecast
period of the overall nanorobotics market, by application. The large share of
this application attributes to the large level of commercialization in the
healthcare sector for drug delivery, biomaterial, in vivo imaging, in vitro
diagnostic, active implants, and drug therapy. The market for biomedical
applications accounted for the second-largest share of the overall nanorobotics
market, by application, in 2017.
Americas to remain major consumer of nanorobotics during forecast
period
The Americas
is expected to be a major consumer for nanorobotics solutions during the
forecast period. The growth in this market is mainly driven by the favorable
government scenario for nanorobotics research and focus on nanotechnology and
regenerative medicine. Also, the large share of this region can also be
attributed to the highly developed healthcare system and the presence of a
large number of nanorobotics players.
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The report
profiles the most promising players in the market. The market is highly dynamic
because of the presence of a significant number of big and small players
operating in it. Key players in the market are Ginkgo Bioworks (US), Imina Technologies
(Switzerland), Thermo Fisher Scientific (US),
Klocke Nanotechnik (Germany), Oxford Instruments
(UK), Kliendiek Nanotechnik (Germany), Bruker
(US), JEOL (Japan), Toronto Nano Instrumentation
(Canada), EV Group (Austria),
Xidex (US), Synthace (Germany), Park Systems (South Korea), Smaract (Germany),
Nanonics Imaging (Israel), Novascan Technologies
(US), Angstrom Advanced (US), Hummingbird Scientific (US), NT-MDT Spectrum
Instruments (SI) (Russia), and WITec (Germany).
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