Nanorobotics is an emerging technology that is focused on programming, controlling, and designing nano-scale robots. Nanorobots can perform different tasks with components near the scale of a nanometer. These robots are further capable of identifying various categories of cancer and play important roles in the treatment or protection against disease-causing microorganisms in humans. Furthermore, nanorobots can be used for pharmacokinetics, diabetes monitoring, biomedical instrumentations, and surgical procedures. When nanorobots come in contact with the target cells in the body, they can disentangle the therapeutic drugs.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
With COVID-19 the supply chain of raw materials required to manufacture nanorobots has been disrupted in many countries. In addition, the market growth of nanorobots is declining, as manufacturers of these devices have slowed down their production due to the pandemic. Therefore, COVID 19 is expected to have a significant impact on the nanorobots market.
Top Impacting Factors
Advancements in the field of nanotechnology and increased funding in the research and development of nanorobots by major players are contributing to the growth of the nanorobots market.
The rising support of governments from many developed nations to manufacture regenerative medicines through nanotechnology is one of the key factors that have led to the growth of the market.
The key potentials of nanorobots are their application in drug delivery and the ability to reach different body parts carrying medicinal components, which help in targeted therapy of patients suffering from chronic illnesses such as cancer.
Nanorobots further find applications as microscopes and spectroscopes, which can be applied while manufacturing pharmaceuticals. Thus, all these factors collectively notably contribute toward the growth of the nanorobots market.
However, high manufacturing cost associated with building nanorobots is one of the factors that is predicted to impede the growth of the global nanorobots market.
Key Market Trends
The nano manipulators segment is predicted to hold a major market share during the forecast period, due to their applications in physics and chemistry fields where they help in the development of nano manipulator systems for research.
North America dominates the nanorobots market owing to high government investment in the field of nanotechnology to enable nanorobots to serve various applications such as drug delivery, drug therapy, and in vivo imaging.
The European nanorobots market has the second largest market share, owing to rising investments by private and public investors in the healthcare industry. The presence of research laboratories in many nations of Europe such as Germany, France, and the UK is further expected to contribute to market growth during the forecast period. This is attributed to the fact that nanorobots could help carry out research with minimum errors.
In addition, Asia-Pacific is expected to register high growth rate in the nanorobots market, due to the rapid development in the nanotechnology sector and the presence of research & development opportunities in the developing economies markets such as India and China.
Key Benefits of the Report
- This study presents the analytical depiction of the nanorobots industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Nanorobots Report
- Which are the leading players active in the nanorobots market?
- How is each segment of the market expected to grow during the forecast period?
- What are the adoption trends for the nanorobots market in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps in the market?
- What are the impacts of COVID-19 on the industry?
- What are nanorobots?
- What are the current and predicted trends of the market?
Nanorobots Market, by Product Type Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By End User |
|
 By Region |
|
 Key Market Players | JEOL, Ginkgo Bioworks, Xidex, Thermo Fisher Scientific Inc., Synthace Limited, Zymergen, Oxford Instruments, Bruker, Imina Technologies SA., KleindiekNanotechnik GmbH |
Loading Table Of Content...
