Nanobots Market USD 100 Billion Size by Top 10 Players at 21% of CAGR | Digital Revolution, Business Demand And Trends | Forecasts by 2023

Nanobots Market USD 100 Billion Size by Top 10 Players at 21% of CAGR | Digital Revolution, Business Demand And Trends | Forecasts by 2023

“Nanobots Market”
The Nanobots Market valuation is anticipated to touch USD 100 Bn. by 2023, as per a new report by Market Research Future (MRFR). It is expected to expand in size at a CAGR close to 21% from 2017 to 2023 (forecast period). Global Nanobots Market Information, By Type (Microbivore Nanorobots, Respirocyte Nanorobots, Clottocyte Nanorobots, Cellular Repair Nanorobots), By Application (Nano Medicine, Biomedical, Mechanical, Others) – Forecast To 2023

Nanobots are capitalizing on the growing nanotechnology to minimize human errors. Its prominence in the healthcare sector has been noteworthy, with many reputed hospitals adopting it for diagnosis and treatment.

Developments in nanotechnology coupled with demand for minimally invasive procedures are expected to drive market growth over the forecast period. Nanobots possess potential in the medical sector for destroying cancerous cells at the genetic level. Rising support for nanomedicine by various nations and the increasing geriatric population are factors which can augur market demand. Utilization of nanobots in theranostics can be beneficial for the market in the near future. Increase in miniaturization and demand for automation across various sectors are anticipated to fuel market growth. Training of new personnel to use nanobots can restrain market growth in the coming years.

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Nanomotors are miniature engines designed to ensure the efficiency of nanorobots. According to an article in Advanced Materials, nanomotors are available in various shapes, with the corkscrew nanomotor used to traverse between living cells without causing any damages. Fabrication of these devices using silica have shown a marginal success rate with further experimentation required for commoditization.

Nanobots Market – Key Players

Some of the key players in this market are:

  • Xidex Corp. (Texas)
  • Zymergen Inc. (U.S)
  • Synthace Limited (U.K)
  • Ginkgo Bioworks (U.S)
  • Advanced Diamond Technologies (U.S)
  • Advanced Nano Products Co Limited (South Korea)

Nanobots Market – Segmentation

The Global Nanobots Market, in MRFRs report is segmented on the basis of application, type, and region. Based on application, the market is segmented to include mechanical, biomedical, nanomedicine, and other applications. Nanomedicine is one of the most common applications of nanobots and the segment accounts for close to 60% of the market share.

By type, the market is divided into cellular repair nanorobots, microbivore nanorobots, clottocyte nanorobots, respirocyte nanorobots, bacteria powered robots, and nanoswimmers.

Global division of the market has been done and the global nanobots market is represented by North America, Europe, Asia-Pacific, and the Middle East & Africa.

Nanobots Market – Regional Analysis

The Americas dominate the global nanobots market owing to the presence of large number of companies in countries like United States. Increasing prevalence of various types of acute and chronic diseases also propel the need of the development of the novel and effective diagnostic methodologies and treatment methods. Continuous development in the advanced robotics research has also impacted on the growth of the nanobots market.  Europe accounts for the second largest market for the nanobots, which is followed by Asia Pacific.

European region has captured a significant share in the Global Nanobots Market owing to the large patient pool and developing healthcare infrastructure, and increased government support for the research and development in the heathcare sector. Asia Pacific is the fastest growing market owing to the huge population base, increasing prevalence of cardiovascular diseases, increased carncer cases, rapidly developing economies and presence of huge opportunity for the growth of the market. The Middle East & Africa has the least market share due to the presence of the poor economies in Africa region.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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