VANCOUVER, B.C., July, 22, 2021
VANCOUVER, B.C., July, 22, 2021 /PRNewswire/ -- The global nanorobotics market size is expected to reach USD 14.03 Billion in 2028 and register a CAGR of 10.9% over the forecast period, according to the latest report by Reports and Data. Nanorobotics is used to treat illness and injuries that require immediate care, and increasing investment in urgent care and rapid increase in the global geriatric population are some key factors driving market revenue growth.
Nanorobotics is used in disease monitoring, pharmacokinetics, for improving efficiency and effectiveness of healthcare, and targeting drug delivery in cancer therapeutics. Nanorobotics is also used for maintaining and assembling sophisticated systems. Extensive application of nanorobotics in the medical sector is also driving market revenue growth. Nanorobots serve as antiviral or antibodies agents in patients suffering from disease or with compromised immunity. The technology is also being used in cancer detection and treatment as well as in gene therapy. Use of nanorobotics in dentistry procedures and as ancillary devices in different chemical reactions and for monitoring and controlling glucose levels in diabetic persons.
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Advancements in molecular robots and rising focus on regenerative medicine and nanotechnology are resulting in nanorobots being increasingly used to perform complex tasks to reduce human error in the healthcare sector. Latest studies in DNA nanotechnology support large-scale utility of nanorobots in healthcare applications. Long-term returns derived from nanobots is encouraging market players to enter into long-term partnerships and to invest in further research and development in nanotechnology.
However, increasing complexities with miniaturization is hampering market revenue growth. High cost of manufacturing is also restraining growth of the market to some extent. Development and further reduction in size of nanorobotics is complex and requires highly skilled professionals. Usage of the technology also requires certain level of skills. Research is currently underway to make the technology more widely accessible in other fields and to increase its efficiency.
Some Key Highlights From the Report
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For the purpose of this report, Emergen Research has segmented the global nanorobotics market based on type, application, and region:
a. Electron Microscope (EM)
b. Scanning Probe Microscope (SPM)
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i. Rest of Europe
d. South Korea
e. Rest of APAC
b. Rest of LATAM
a. Saudi Arabia
d. Rest Of MEA
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