The global Nanorobotics Market is estimated to be valued at US$ 6.82 Bn in 2023 and is expected to exhibit a CAGR of 15.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nanorobotics deals with designing and building nanoscale machines and robotics devices. Nanorobots can perform surgeries and other procedures at the molecular level with greater precision compared to traditional larger-scale robots. They have applications in areas such as biomedical sciences and nanoassemblers.
Market key trends:
The demand for nanorobotics is increasing primarily due to their growing applications in nanomedicine and biomedical sciences. Nanorobots can be useful for early detection of cancer and other chronic diseases at the molecular level. They are being researched for targeted drug delivery applications to treat cancer and other medical conditions. Nanosurgery using nanorobots allows for precise operations at the molecular scale within living cells and tissues. This is expected to revolutionize modern medicine and help improve health outcomes. Development of newer biomimetic nanorobots inspired by biological systems is another key trend expected to propel the nanorobotics market over the forecast period.
Segment Analysis
The global nanrorobotics market is segmented into instruments, software, services, and applications. The instruments sub-segment dominated the market in 2022, owing to increasing utilization of microscopes and other tools in nanorobotics research and development. The instruments sub-segment is further categorized into scanning electron microscopes (SEMs), transmission electron microscopes (TEMs), scanning probe microscopes (SPMs), and others. Among these, SPMs held the largest market share as they help obtain high-resolution images of nanoscale objects and atomic structures.
Key Takeaways
The Global Nanorobotics Market Size is expected to witness high growth, exhibiting CAGR of 15.6% over the forecast period, due to increasing demand for lab-on-a-chip devices and miniature medicine.
Regional analysis
North America dominated the global market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to heavy investments by government agencies and private organizations in nanorobotics research. Additionally, the presence of major players in the US is also driving the North American market. Asia Pacific is expected to witness the fastest growth rate during the forecast period supported by rising R&D spending by countries like China, Japan, and South Korea.
Key players
Key players operating in the nanrorobotics market are Thermo Fisher Scientific Inc., Ginkgo Bioworks, Bruker Corporation, JEOL Ltd., Agilent Technologies, Oxford Instruments plc, Zymergen Inc., Bio-Rad Laboratories, Inc., Nanosurf AG, Klocke Nanotechnik GmbH, Toronto Nano Instrumentation, Park Systems Corp., WITec Wissenschaftliche Instrumente und Technologie GmbH, Nanonics Imaging Ltd., A.P.E. Research Srl. Thermo Fisher Scientific dominates the market owing to its robust product portfolio of microscopes and other nanotechnology tools.
Read More: https://www.ukwebwire.com/nanorobotics-market-size-share-and-growth-forecast-2023-2023/
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