Rising nanorobots demand for drug delivery is augmenting growth in overall nanorobotics in medicine market
Growing application of nanomanipulator to manipulate atoms and molecules propelling overall market
North America emerged as most lucrative market in 2021 due to rising research and development activities in nanorobotics in countries such as U.S. and Canada
Wilmington, Delaware, United States, Transparency Market Research Inc. - The last decade has witnessed a surge in number of patients suffering from different diseases such as cardiovascular and chronic disorders, and as a result, focus on medication to treat these disorders has risen significantly. Nanorobots have emerged as key component of drug delivery and are also been deployed in accurate intracellular surgeries, as well.
The global nanorobotics in medicine market is expected to advance at CAGR of 10.3% during the forecast period between 2022 and 2031.
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Growth strategies such as new product launches could help leading nanorobotics in medicine market gain an edge over other players and generate new revenue streams.
Tescan Orsay Holding, in February 2021, announced the launch of new nanomanipulator which has been deployed in different temperatures.
Key Findings of Nanorobotics in Medicine Market Study
Growing Nanorobots Demand for Drug Delivery Fueling Growth in Nanorobotics in Medicine Market: Nanorobots have been deployed in drug delivery where they release therapeutic payload after entering a specific part of the human body. Targeted drug delivery is used to release enzymes, drugs, antigens, and vaccines to treat patients suffering from diseases such as cancer and diabetes. Increasing nanorobots’ demand in drug delivery is triggering the growth in overall nanorobotics in medicine market
Rising Nanomanipulator Demand to Manipulate Atoms and Molecules could Augment Growth in Global Market: Nanomanipulator product segment is anticipated to make the largest contribution, in terms of revenue, to overall nanorobotics in medicine market, during the forecast period. Nanomanipulator is more efficient than industrial manipulators and have been deployed in the manipulation of atoms and other molecules in nanorobot medicines. Nanomanipulators have also been used in production of transmission electron microscopy probes, microbiological systems as well as microelectromechanical systems.
Increasing Demand for Nanomedicines to Detect Different Diseases could Propel Overall Market: Nanomedicine application segment is projected to emerge as largest revenue contributor to overall nanorobotics in medicine market during the forecast period between 2022 and 2031. Nanomedicine is anticipated to assist in early identification of different diseases, during the forecast period. Some of the applications in nanomedicine include drug delivery, diagnostic and imaging tools, development of vaccines, and antibacterial products.
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Nanorobotics in Medicine Market: Key Drivers
Growing adoption of nanorobots in pharmacokinetics is one of the ley driving factors of global nanorobotics in medicine market
Increasing investments in research and development undertakings to produce nanomedicines is projected to trigger the growth in overall nanorobotics in medicine market during the forecast period between 2022 and 2031
Nanorobotics in Medicine Market: Regional Market Insights
Globally, North America emerged as the dominant region in nanorobotics in medicine market in 2021. Increasing funding for research and development activities in nanorobotics in countries such as the U.S and Canada was a key factor in North America emerging as the dominant region. The region is anticipated to remain the leader in global market, during the forecast period.
Europe is projected to witness substantial growth in overall market, during the forecast period. Growing investments in healthcare industry and increasing number of research laboratories in countries such as the U.K and Germany are expected to help nanorobotics in medicine market grow in Europe
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Nanorobotics in Medicine Market: Key Players
Competition landscape in global nanorobotics in medicine market is fragmented due to prominent presence of well-established market players.
Few leading players in nanorobotics in medicine market include Thermo Fisher Scientific, Inc., Bruker Corporation, Nanonics Imaging Ltd., Klocke Nanotechnik GmbH, Oxford Instruments PLC, and Hitachi.
The global nanorobotics in medicine market is segmented as follows:
Product Type
Nanomanipulator
Electron Microscopy
Scanning Probe Microscopy
Bio-nanorobotics
Magnetically Guided
Bacteria-based
Application
Nanomedicine
Biomedical
Drug Delivery
Medical Imaging
Others
End-user
Pharmaceutical Industry
Research Institutes
Hospitals
Others
Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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