[113 Pages Report]
The overall nanorobotics market is expected to grow from USD 4.9
billion in 2018 to USD 8.3 billion by 2023, at a CAGR of 11.1%.
The growth of the nanorobotics market
is driven by various 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.
Growth opportunities in emerging markets, increasing application areas
of microscopes, and integration of microscopy with spectroscopy are
expected to provide huge growth opportunities to players in the
nanorobotics market.
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“Nanomanipulator type to hold largest share of nanorobotics market, by type, during forecast period”
Nanomanipulators
are the first nanorobotics systems that are capable of nanopositioning.
Nanomanipulators were first used in physics and chemistry fields as
robotics are involved in the nanomanipulation for the development of
several nanomanipulation systems. These systems were observed to present
more capabilities similar to those in the industrial manipulators. In
nanorobotics, nanomanipulators are mainly used to manipulate atoms and
molecules and were among the first nanorobotic systems to be
commercially available.
“Large level of commercialization in healthcare sector to drive market growth for nanomedicine in nanorobotics market”
Nanorobotics
is widely used in nanomedicine owning to its healthcare
characteristics. Nanomedicine accounted for the largest share of the
overall nanorobotics market, by application, in 2017. 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.
“Nanorobotics market in Europe to grow at significant rate during forecast period”
The
nanorobotics market in Europe is expected to grow at the highest CAGR
during the forecast period. The high growth of the market in this region
can be attributed to the increasing aging population and rising
governmental healthcare expenditure in Europe. Also, Europe was among
the earliest regions to recognize the potential of nanorobotics;
therefore, a high level of public and private funding contribute to the
high growth of nanorobotics in Europe. The market in Europe is closely
followed by APAC, in terms of CAGR and expected to grow at the
second-highest rate in the overall nanorobotics market, by region.
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Key market players
The
nanorobotics market is currently dominated by Bruker (US), JEOL
(Japan), Thermo Fisher Scientific (US), Ginkgo Bioworks (US), Oxford
Instruments (UK), EV Group (Austria), Imina Technologies (Switzerland),
Toronto Nano Instrumentation (Canada), Klocke Nanotechnik (Germany), and
Kliendiek Nanotechnik (Germany). Other players operating in the
nanorobotics market are 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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