Nanorobotics Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4227
Nanorobotics Market size is slated to gain significantly in the next 6-7 years driven by increasing demand for robotics technology in the healthcare sector for detecting diseases such as cancer, diabetes, etc. The technology is served as a miniature surgeon that can be used to unblock blood vessels in hard to reach areas, repair damaged cells or entirely replace the intracellular structure in a human body. Governments and universities across the globe are making heavy investments for the development of robotics technology, contributing to the nanorobotics market growth. Space scientists are developing nanoelectromechanical systems to use nanorobots in space application to collect various data in the solar system, study the environment, and gather useful information on the planet’s surface. The demand for nanorobotics technology is increasing in industrial applications due to their smaller size to replace large machinery and the ability to perform tasks in critical areas.
The increasing commercialization in the healthcare industry for drug delivery, in vivo imaging, in vitro diagnosis, drug therapy, and active implants is expected to increase the utilization of this technology over the forecast timeline. However, the major factor hampering the nanorobotics market growth is the high manufacturing cost associated with these robots. Nanorobots are difficult to interface, design, and customize due to their smaller size. The challenge of manufacturing nanorobots may lead to the development of new methodologies in computation, fabrication, and sensing technologies. Electrical nanorobots are vulnerable to electric interference from external sources, such as electric field, EMP pulses, Radio Frequency (RF), and stray fields from other electrical devices, posing a challenge to the nanorobotics market growth.
Nanomanipulators is a nanorobotics technology and microscopic viewing system that is used for working with objects on an extremely small scale. This system consists of an optical scanning device, physical manipulator, and a computer interface. Nanomanipulators are equipped with a scanning probe microscope that magnify images up to approximately one million times. Nanomanipulators have a wide range of applications in biological and physical sciences. These devices are used to evaluate the characteristics of living cells, metal particles, carbon nanotubes, disease pathogens, and microchips. Additionally, nanomanipulation technology is increasingly used for the construction of components for quantum and molecular computers, semiconductor preparation, and microbiological system preparation.
The use of nanorobotics technology may improve biomedical intervention with minimally invasive surgeries and help patients to monitor body functions constantly. These technologies are also used in biomedical applications to improve treatment efficiency through the precise diagnosis of possible causes of serious diseases. Nanorobots are also used to cure cancer through a precise chemical dosage administration and to process specific chemical reactions in the human body as ancillary devices for infectious organs. Due to their nanoscale features, nanorobots can be easily injected in the human body to target the exact location of damaged cells.
The Europe nanorobotics market is anticipated to grow at a higher rate over the forecast timeline. The market growth can be majorly attributed to the rising government expenditure in the healthcare sector and increasing geriatric population in the UK, Germany, and France. The growing private and public sector funding for the development of robotics technologies in Germany is driving the industry demand. The utilization of nanorobotics technology is increasing in European industries for the development of robots with nanoscale components. The market is also witnessing significant growth in the region due to the rising awareness regarding the use of nanorobotics technology for surgical care and treatment of patients.
The major players operating in the nanorobotics market are Bruker Corporation, JEOL, Ltd., EV Group, Toronto Nano Instrumentation, Thermo Fisher Scientific, Oxford Instrument Asylum Research, Kliendiek Nanotechnik, Ginkgo Bioworks, Imina Technologies, and Novascan Technologies. Several companies are adopting business expansion strategies such as strategic partnerships, collaborations, and mergers & acquisition. For instance, in July 2018, Bruker Corporation announced the acquisition of JPK Instruments, a global provider of microscopy instruments for cellular and biomolecular imaging. The acquisition will help Bruker Corporation to expand its life-science microscopy product portfolio with nanotechnology expertise of JPK. These companies are also developing advanced products to offer reliable performance to customers. For instance, in March 2017, Oxford Instruments launched its new SurfRider HQ-Series Atomic Force Microscopy probes. The system is available in model-specific nanomechanical image mode.
The nanorobotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025 for the following segments:
- Magnetically guided
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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