Nanorobotics Market Size to Reach USD 14.03 Billion in 2028 Growing at a CAGR of 10.9%, according to Emergen Research

Emergen Research has published its latest report titled “Nanorobotics Market Size, Share, Trends, By Type (Nanomanipulator, Bio-Nanorobotics, Magnetically Guided, Bacteria-Based), By Application (Nanomedicine, Biomedical, Mechanical, Others), and By Region Forecast to 2028”

According to Emergen Research, the global nanorobotics market size was USD 6.12 billion in 2020 and is expected to reach USD 14.03 billion in 2028 and register a revenue CAGR of 10.9% during the forecast period, 2021-2028.  

Market Dynamics:

The widespread application of nanorobotics in tissue engineering, cellular assistance in inflammatory responses, dental surgery, and other fields of healthcare industry contribute to market revenue growth. Nanobots act as small surgeons, repairing or replacing damaged cells or intracellular structures entirely. Further, they have the ability to multiply themselves in order to rectify a genetic defect or to replace DNA molecules in order to eradicate sickness.

Furthermore, growing interest in nanotechnology, increasing application areas of microscopes, and advancements in edge computing and deep learning, are other factors expected to drive nanorobotics market revenue growth over the forecast period. Nanotechnology has the potential to improve contrast and distribution in in vivo imaging to improve diagnosis and to determine the delivery and metabolism of drugs. This helps in research and clinical trials on drug development procedures for the enhanced and effective therapy.

However, nano robots or nanotechnology concept are entirely depended on computer database and internet. This raises the concerns regarding security, privacy and cyber-attacks including ransomware. In addition, rising complexities with miniaturization and lack of skilled professionals are some factors that can negatively impact market revenue growth.  

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COVID-19 Impact Analysis  

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Nanomanipulator Segment Revenue to Expand at a Rapid CAGR:

Nanomanipulator segment is expected to register a rapid revenue CAGR during the forecast period attributed to large scale applications in the biological and physical sciences used to ad is used to determine the characteristics of polymers, living cells, carbon nanotubes, and microchips..  Nanomanipulator system comprises of an optical scanning device (can magnify pictures up to approximately 1,000,000 times), a computer interface (provide large, 3-D visual display), and a physical manipulator (offers variable force and motion control).

Nanomedicine Segment to Register Significant Revenue Growth:

Nanomedicine segment is expected to register significant revenue growth over the forecast period due to its growing application of nanomaterials in drug delivery systems, increasing government investments in medical research activities, and advancements in the biodegradable nanoparticles. Nanomedicine refers to the application of nanomaterials and nanotechnology for diagnosis, treatment and prevention of chronic diseases.

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share in the global market over the forecast period due to rising number of clinical trials for the development of nanaorobotics in US, presence of advanced healthcare infrastructure, and rising governmental healthcare expenditure. In addition, escalation in research and development activities associated with nanorobots, rapid expansion of IoT technologies such as AI (Artificial Intelligence) and ML (Machine Learning) and growing demand of nanorobotics from National Science Foundation (NSF) in the countries in the region drive market growth.

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Major Companies in the Market Include:

  • Bruker
  • Oxford Instruments
  • Toronto Nano Instrumentation
  • JEOL Ltd.
  • Imina Technologies
  • Klocke Nanotechnik
  • Thermo-Fisher Scientific Inc.
  • Ginkgo Bioworks
  • Agilent Technologies
  • Park Systems

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)
      1. Scanning Electron Microscope (SEM)
      2. Transmission Electron Microscope (TEM)
    • Scanning Probe Microscope (SPM)
      1. Atomic Force Microscopes (AFM)
      2. Scanning Tunneling Microscope (STM)
  • Bio-Nanorobotics
  • Magnetically Guided
  • Bacteria-Based

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Nanomedicine
  • Biomedical
  • Mechanical
  • Others (Space and Oil & Gas)

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Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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