DUBLIN--(BUSINESS WIRE)--Mar 11, 2019--The "Nanorobotics Market by Type (Nanomanipulator (Electron Microscope and Scanning Probe Microscope), Bio-Nanorobotics, Magnetically Guided, Bacteria-Based), Application (Nanomedicine, Biomedical, Mechanical), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
1.1 Objectives of the Study
1.3 Study Scope
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
5.2 Market Dynamics
184.108.40.206 Increasing Government Support and Level of Investment in Nanorobotics
220.127.116.11 Growing Advancements in Molecular Robots
18.104.22.168 Rising Focus on Nanotechnology and Regenerative Medicine
22.214.171.124 Implementation of Excise Tax and Heavy Custom Duty on Nanorobotics in Medical Field
126.96.36.199 Growth Opportunities in Emerging Markets
188.8.131.52 Increasing Application Areas of Microscopes
184.108.40.206 Integration of Microscopy With Spectroscopy
220.127.116.11 Commercialization of Nanorobotics Systems
5.3 Value Chain Analysis
6 Nanorobotics Market, By Type
6.4 Magnetically Guided
7 Nanorobotics Market, By Application
8 Nanorobotics Market, By Region
9 Competitive Landscape
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
10.2 Key Players
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
10.3.3 Park Systems
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
For more information about this report visit https://www.researchandmarkets.com/research/tqs2bl/worldwide?w=4
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SOURCE: Research and Markets
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PUB: 03/11/2019 10:31 AM/DISC: 03/11/2019 10:31 AM