|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 8.1 Billion||USD 17.1 Billion||11.3%||2022|
The global nanorobotics market size was evaluated at $8.1 billion in 2022 and is slated to hit $17.1 billion by the end of 2030 with a CAGR of nearly 11.3% between 2023 and 2030.
Nanorobotics is an interdisciplinary domain integrating principles of nanotechnology, material science, and robotics for manufacturing robots at the nanoscale. Moreover, the use of nanorobots can result in innovations in the medicine, energy production, and manufacturing sectors. Launching of nanorobots can provide impetus to scientific explorations and deeper insights into understanding of nanoscale world. It is a cutting-edge domain involving the production and control of tiny robots at the nanoscale level. For the record, nanorobots are also referred to as nanobots and are made from carbon nanotubes, DNA, and proteins.
Highlight on innovations in nanotechnology and regenerative medicine will drive the global market trends
Supportive government guidelines and a rise in the allocation of funds for developing nanorobots will steer the expansion of the nanorobotics market across the globe. Furthermore, innovations in molecular robots and a growing focus on regenerative medicine and nanotechnology will spearhead the expansion of the market across the globe. The rise in the commercial activities witnessed in the healthcare sector will embellish the growth of the market across the globe.
Large-scale use of nanotechnology in industrial automation, medicine, precision farming activities, pharmaceuticals, and environmental remediation will steer the expansion of the market globally. Apart from this, an increase in the use of nanotechnology in various chronic disorders such as diabetes will prompt the expansion of the global market size in the years ahead. New product launches are likely to make notable contributions towards the growth of the global market in the upcoming years. For instance, in 2019, DNA robots were manufactured by researchers. Reportedly, these products encompassed a track & walker system for reaching the target site.
High production costs of nanorobots can put brakes on the global industry expansion over 2023-2030
The rise in the cost of production of nanorobots makes it difficult for small-scale firms and healthcare institutes to purchase them. This can reduce its sales and restrict the growth of the global nanorobotics industry. Apart from this, improper laws governing the use of nanorobots in the healthcare sector will further impede global industry expansion.
A surge in the cases of chronic disorders will open new growth avenues for the global market by 2030
The rise in the occurrence of chronic diseases and the need for proficient drug formulation will create new growth opportunities for the global nanorobotics market in the years ahead. An increase in the research activities for finding new modes of diagnosing cancer at its initial stage to increase the probability of curability is likely to enhance the use of nanorobots in healthcare research. This, in turn, will pave the way for the immense expansion of the market across the globe.
Growing concerns related to maintaining confidentiality of patient healthcare data can prove to be a huge challenge in the expansion of the industry across the globe
Issues such as copyright violations, patient privacy, and misuse of new medical technology can prove to be a big challenge for the global nanorobotics industry expansion.
The global nanorobotics market is sectored into type, application, and region.
In type terms, the global nanorobotics market is segregated into nanomanipulator, bacteria-based, bio-nanorobotics, and magnetically guided segments. Furthermore, the nanomanipulator segment, which accumulated nearly 45% of the global market revenue share in 2022, is predicted to register the highest CAGR in the forecasting years. The growth of the segment in the forecasting timeline can be owing to the ability of the product in nanopositioning. Apart from this, these products find application in physics and chemistry domains and can handle atoms and molecules effectively.
Based on the application, the global nanorobotics industry is sectored into mechanical, nanomedicine, and biomedical segments. Moreover, the nanomedicine segment, which garnered a huge share of the global industry in 2022, is anticipated to lead the global industry over the projected timeframe. The segmental growth over the assessment timeline can be subject to a surge in the demand for nanorobotics in nanomedicine with commercialization of in vivo imaging, drug delivery, active implants, drug treatment, biomaterial, and in vitro diagnostics in the healthcare sector.
|Report Attributes||Report Details|
|Report Name||Nanorobotics Market|
|Market Size in 2022||USD 8.1 Billion|
|Market Forecast in 2030||USD 17.1 Billion|
|Growth Rate||CAGR of 11.3%|
|Number of Pages||209|
|Key Companies Covered||Bruker Corporation, Thermo Fisher Scientific Corporation, Park Systems, Imina Technologies, JEOL, Oxford Instruments, Toronto Nano Instrumentation, Xidex, Nanonics Imaging, Synthcare, Kleindiek Nanotechnik, Ginkgo Bioworks., and others.|
|Segments Covered||By Type, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Asia-Pacific is anticipated to maintain its global market leadership position over the expected timeline
Asia-Pacific, which contributed about 57% of the global nanorobotics market revenue in 2022, will be a leading region over the projected timespan. Furthermore, the regional market growth can be credited to the rise in the highlight of various governments in the region on enhancing oral disease treatment. Moreover, the rise in healthcare spending in countries such as India and China will augment the regional market expansion. Furthermore, robot-assisted dentistry helps in repairing oral lesions through the use of nanorobots. Moreover, the use of nanorobots in dental care will promulgate the global market demand in the upcoming years.
The European nanorobotics industry is set to register the fastest CAGR in the next couple of years owing to a rise in the aging population prone to suffer from chronic diseases. Apart from this, an increase in healthcare spending in European countries will spur the growth of the industry in the continent. Rise in the private as well as public funding will drive the industry trends in Europe. Moreover, the presence of key players in Europe will further contribute substantially to the expansion of the industry in the continent.
The global nanorobotics market profiles key players such as:
Nanorobotics is an interdisciplinary domain integrating principles of nanotechnology, material science, and robotics for manufacturing robots at the nanoscale.
The global nanorobotics market growth can be owing to the rise in the commercial activities witnessed in the healthcare sector.
According to a study, the global nanorobotics industry size was $8.1 billion in 2022 and is projected to reach $17.1 billion by the end of 2030.
The global nanorobotics market is anticipated to record a CAGR of nearly 11.3% from 2023 to 2030.
The European nanorobotics industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the aging population prone to suffer from chronic diseases. Apart from this, an increase in healthcare spending in European countries will spur the growth of the industry in the continent.
The global nanorobotics market is led by players such as Bruker Corporation, Thermo Fisher Scientific Corporation, Park Systems, Imina Technologies, JEOL, Oxford Instruments, Toronto Nano Instrumentation, Xidex, Nanonics Imaging, Synthcare, Kleindiek Nanotechnik, and Ginkgo Bioworks.
The nanorobotics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.