The nanorobotics market is expected to reach USD 8.3 billion by 2023 from USD 4.9 billion in 2018, at a CAGR of 11.1%.

This growth can be attributed to the increasing government support and level of investment in nanorobotics, growing advancements in molecular robots, and rising focus on nanotechnology and regenerative medicine. However, implementation of excise tax and heavy customs duty on nanorobotics in the medical field restrict the growth of the nanorobotics market.

Nanomanipulator is expected to hold largest share of the overall nanorobotics market, by type, during the forecast period

Nanomanipulator is expected to hold a larger share of the overall nanorobotics market in 2018. In nanorobotics, nanomanipulators are mainly used to manipulate the atoms and molecules and were among the first nanorobotic systems to be commercially available. Nanomanipulators presents more capabilities similar to those in industrial manipulators and is expected to be highly used for nanomedicine applications.

Market for mechanical application to grow at highest CAGR during forecast period

The market for mechanical applications is expected to grow at the highest CAGR during 2018-2023. Mechanical nanorobotics system, an advanced step of nanotechnology, is flexible enough to be manipulated in various ways. Also, mechanical nanorobots can be built on any type of nanorobotics systems, such as bio-nanorobotics, magnetically guided, and bacteria-based. The market for other applications is expected to grow at the second-highest CAGR during the forecast period.

Americas to be largest shareholder in 2018, whereas Europe is expected to register highest CAGR during forecast period

The Americas is expected to account a major share of the overall nanorobotics market in 2018. The growth in this market is mainly driven by the favorable government scenario for nanorobotics research and focus on nanotechnology and regenerative medicine. Also, the large share of this region can also be attributed to the highly developed healthcare system and the presence of a large number of nanorobotics players.

The market in Europe is expected to grow at the highest CAGR during the forecast period. The high growth of the market in this region can be attributed to the increasing aging population and rising governmental healthcare expenditure in Europe. Also, Europe was among the earliest regions to recognize the potential of nanorobotics; therefore, a high level of public and private funding contribute to the high growth of nanorobotics in Europe.

Players in the nanorobotics market include Ginkgo Bioworks (US), Imina Technologies (Switzerland), Thermo Fisher Scientific (US), Klocke Nanotechnik (Germany), Oxford Instruments (UK), Kleindiek Nanotechnik (Germany), Bruker (US), JEOL (Japan), Toronto Nano Instrumentation (Canada), EV Group (Austria), Xidex (US), Synthace (Germany), Park Systems (South Korea), Smaract (Germany), Nanonics Imaging (Israel), Novascan Technologies (US), Angstrom Advanced (US), Hummingbird Scientific (US), NT-MDT Spectrum Instruments (SI) (Russia), and WITec (Germany).

Factors such as growth opportunities in emerging markets, increasing application areas of microscopes, integration of microscopy with spectroscopy are expected to generate opportunities for the nanorobotics market players.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Study Scope

1.4 Currency

1.5 Limitations

1.6 Market Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Market Ranking Estimation

2.4 Market Breakdown and Data Triangulation

2.5 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Nanorobotics Market

4.2 Nanorobotics Market, By Type

4.3 Nanorobotics Market in Europe, By Application and By Country

4.4 Nanorobotics Market, By Region

4.5 Country-Wise Analysis of Nanorobotics Market

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Government Support and Level of Investment in Nanorobotics

5.2.1.2 Growing Advancements in Molecular Robots

5.2.1.3 Rising Focus on Nanotechnology and Regenerative Medicine

5.2.2 Restraint

5.2.2.1 Implementation of Excise Tax and Heavy Custom Duty on Nanorobotics in Medical Field

5.2.3 Opportunities

5.2.3.1 Growth Opportunities in Emerging Markets

5.2.3.2 Increasing Application Areas of Microscopes

5.2.3.3 Integration of Microscopy With Spectroscopy

5.2.4 Challenges

5.2.4.1 Commercialization of Nanorobotics Systems

5.3 Value Chain Analysis

6 Nanorobotics Market, By Type

6.1 Introduction

6.2 Nanomanipulator

6.3 Bio-Nanorobotics

6.4 Magnetically Guided

6.5 Bacteria-Based

7 Nanorobotics Market, By Application

7.1 Introduction

7.2 Nanomedicine

7.3 Biomedical

7.4 Mechanical

7.5 Others

8 Nanorobotics Market, By Region

8.1 Introduction

8.2 Americas

8.3 Europe

8.4 APAC

8.5 RoW

9 Competitive Landscape

9.1 Overview

9.2 Market Ranking Analysis

9.3 Competitive Leadership Mapping

9.4 Business Strategy Excellence (For 25 Companies)

9.5 Strength of Product Portfolio (For 25 Companies)

9.6 Competitive Scenario

10 Company Profiles

10.1 Introduction

10.2 Key Players

10.2.1 Bruker

10.2.2 JEOL

10.2.3 Thermo Fisher Scientific

10.2.4 Ginkgo Bioworks

10.2.5 Oxford Instruments

10.2.6 EV Group

10.2.7 Imina Technologies

10.2.8 Toronto Nano Instrumentation

10.2.9 Klocke Nanotechnik

10.2.10 Kleindiek Nanotechnik

10.3 Other Key Players

10.3.1 Xidex

10.3.2 Synthace

10.3.3 Park Systems

10.3.4 Smaract

10.3.5 Nanonics Imaging

10.4 Key Innovators

10.4.1 Novascan Technologies

10.4.2 Angstrom Advanced

10.4.3 Hummingbird Scientific

10.4.4 NT-MDT Spectrum Instruments

10.4.5 Witec

For more information about this report visit https://www.researchandmarkets.com/research/tqs2bl/worldwide?w=4

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Nanotechnology

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NANOTECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/11/2019 10:31 AM/DISC: 03/11/2019 10:31 AM

Copyright Business Wire 2019.