Global Nanorobotics Market – Industry Trends and Forecast to 2029

Global Nanorobotics Market, By Product Type (Nanomanipulators, Bio-nanorobotics, Magnetically Guided Nanobots/Nanorobots, Others), Application (Biomedical, Nanomedicine, Others), End User (Hospitals, Diagnostic Centers, Research Laboratories, Others) – Industry Trends and Forecast to 2029

Nanorobotics Market Analysis and Size

Over the forecast period, the nanorobotics markets are projected to gain significant traction. The earliest nanorobotics systems with nano positioning capabilities are called nanomanipulators. As robotics is involved in the nanomanipulation for the creation of numerous nanomanipulation systems, nanomanipulators were initially utilized in the physics and chemistry sectors. It was found that these systems had greater capabilities comparable to those of industrial manipulators. Nanomanipulators, among the first nanorobotics systems to be commercially available, are primarily employed in nanorobotics to manipulate atoms and molecules. As a result, it is anticipated that over the projected period there would be a large increase in demand for nanorobotics.

Global nanorobotics market was valued at USD 5489.20 million in 2021 and is expected to reach USD 12650.07 million by 2029, registering a CAGR of 11.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.

Nanorobotics Market Scope and Segmentation

Market Definition

The science of creating machines or robots at the nanoscale is known as nanorobotics. These molecularly exact nanoscale robots can precisely control and construct objects. Since drugs may be precisely targeted to the right locations using nanotechnology, increasing their effectiveness and lowering the likelihood of side effects, medical nano-bots are widely employed in a variety of applications, such as drug delivery.

Nanorobotics Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Surging Usage across Healthcare Sector

The use of nanorobots in cancer detection and treatment as well as gene therapy is widespread. They serve as auxiliary devices for processing various chemical reactions in the affected organs and are also used in a variety of dental operations. Nanorobots are also used to monitor and regulate blood glucose levels in diabetic patients. Repairing harmed tissues and unclogging arteries impacted by plaque are two additional medicinal uses of nanorobots that are bolstering the market expansion for nanorobotics. As a result, the need for nanorobotics in the healthcare industry is anticipated to rise over the forecast period.

• Increased Advancements in Nanorobotics

A crucial trend that is becoming increasingly popular in the nanorobotics industry is technological advancement. The main players in the nanorobotics market are concentrating on incorporating cutting-edge technical developments into their nanorobotics solutions and bolstering their market share. For instance, in August 2020, JEOL Ltd., a manufacturer and developer of electron microscopes and other scientific equipment with headquarters in Japan, introduced the JSM-IT700HR, a new scanning electron microscope (SEM) with an integrated Schotty field emission electron gun. In laboratories, this cutting-edge machinery is able to perform observations and studies on tiny materials.

Furthermore, the rise in the advancements in molecular robots along with the high usage across various industries further increases the demand for the market. The increasing application areas of microscopes and the growth in the government support and level of investment in nanorobotics will further boost the market growth over the forecast period.

Opportunities

• Advancements and Development

The advancements in the field of nanotechnology is estimated to generate lucrative opportunities for the market. Moreover, the growth in funding in the research and development of nanorobots by major players are also estimated to offer growth prospects to the market over the forecast period.

Restraints/Challenges

• High Costs

One of the barriers to market expansion is the high manufacturing cost associated with building nanorobots. The high cost associated with manufacturing and the production of nanorobots further increases the overall cost of nanorobotics, hindering market growth.

• Commercialization Of Nanorobotics

The commercialization of nanorobotics systems severely affected the growth of the market for nanorobotics. This factor is projected to pose as a challenge for the nanorobotics market over the forecast period.

This nanorobotics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nanorobotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Nanorobotics Market

The coronavirus outbreak is projected to hugely impact the nanorobotics market. Governments worldwide are collaborating with pharmaceutical and biotech businesses to combat the COVID-19 outbreak, from fostering the creation of vaccinations to preparing for issues with the distribution of medical supplies. About 155 compounds and 115 vaccine candidates are now in the R&D pipeline. Additionally, the demand for regularly used medications like hydroxychloroquine has dramatically increased due to the need to treat COVID-19. Given the severe shortage of these medications in many industrialized nations, the extremely high demand for these medications has created enormous potential for producers of COVID-19 management medications. As a result, the demand for COVID-19 vaccines and medications to treat the disease will likely lead to significant growth in the pharmaceutical and biotechnology industries in the coming years. The supply chain for the basic materials needed to make nanorobots has been disrupted worldwide by COVID-19. Additionally, as producers of these devices have slowed down their production as a result of the epidemic, the market growth of nanorobots is dropping. As a result, the market for nanorobots is anticipated to be significantly affected by COVID 19.

Recent Developments

• In August 2020, a new scanning electron microscope (SEM), the JSM-IT700HR, has been introduced by JEOL Ltd., a producer and developer of electron microscopes and other scientific instruments based in Japan. This SEM is outfitted with an in-lens Schotty field emission electron gun. In laboratories, this cutting-edge machinery is able to perform observations and studies on tiny materials.
• In September 2021, for its research and development efforts, Newcastle University and the Center for Cancer have formed a strategic agreement with Nanovery, a UK-based firm that is developing nanorobots for the quick and simple detection of cancer and other disorders. The business is concentrating on using both sides' people and technological resources through this cooperation to create cutting-edge technology.

Global Nanorobotics Market Scope

The nanorobotics market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Nanomanipulators
• Bio-nanorobotics
• Magnetically Guided Nanobots/Nanorobots
• Others

Application

• Biomedical
• Nanomedicine
• Others

End User

• Hospitals
• Diagnostic Centers
• Research Laboratories
• Others

Nanorobotics Market Regional Analysis/Insights

The nanorobotics market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.

The countries covered in the nanorobotics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the nanorobotics market because of the rise in the adoption of Nano-robotics technology within the region during the forecast period of 2022 to 2029. Also, the presence of sophisticated healthcare infrastructure will further boost the growth of the Nano-robots market in the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in the attention of the manufacturers within the region. Moreover, the rising governmental healthcare expenditure will also boost the regional market’s growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Nanorobotics Market Share Analysis

The nanorobotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nanorobotics market.

Some of the major players operating in the nanorobotics market are

• Ginkgo Bioworks (U.S.)
• Synthace (U.K.)
• Imina Technologies SA (Switzerland)
• Oxford Instruments (U.K.)
• Thermo Fisher Scientific (U.S.)
• Bruker Corporation (U.S.)
• JEOL Ltd (Japan)
• Agilent Technologies, Inc. (U.S.)
• EV Group (EVG) (Germany)
• Park Systems. (South Korea)
• AIXTRON (Germany)
• NT-MDT SI (U.S.)
• Cavendish Kinetics, Inc. (U.S.)
• Nanonics Imaging Ltd. (Israel)
• Angstrom Advanced Inc. (U.S.)
• WITec Wissenschaftliche Instrumente und Technologie GmbH (Germany)
• ZYMERGEN INC. (U.S.)
• Kleindiek Nanotechnik GmbH (Germany)