Nanobots Market (By Type: Nanomanipulators, Bio-Nanorobotics, Magnetically Guided, Nanobots/Nanorobots, Others; By Application: Biomedical, Nanomedicine, Others; By Type of Manufacturing: Biochips, Nubots, Bacteria-based Nanobots, 3D Printing, Other Types; By End User)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030
The global Nanobots market size was estimated at USD 5.3 billion in 2021 and is expected to surpass around USD 21.45 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 16.8% during the forecast period 2022 to 2030.
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.
Report Scope of the Nanobots Market
Market Size in 2022
USD 6.19 Billion
Market Size by 2030
USD 21.45 Billion
Growth Rate from 2022 to 2030
CAGR of 16.8%
2022 to 2030
Type, Type, Type of Manufacturing, End User, Geography
Oxford Instruments (UK), Thermo Fisher Scientific (US), Bruker Corporation (US), JEOL Ltd (Japan), Agilent Technologies, Inc. (US), EV Group (EVG) (Germany), Park Systems. (South Korea), AIXTRON (Germany), NT-MDT SI (US), Cavendish Kinetics, Inc. (US), Nanonics Imaging Ltd. (Israel), Angstrom Advanced Inc. (US), WITec Wissenschaftliche Instrumente und Technologie GmbH (Germany), ZYMERGEN INC. (US), Ginkgo Bioworks (US), Synthace (UK), Imina Technologies SA (Switzerland, Kleindiek Nanotechnik GmbH (Germany)
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.
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.
During the projected period, the European nanobots market is predicted to develop at the fastest CAGR. The strong growth of this region's market can be due to Europe's aging population and rising governmental healthcare spending. Furthermore, because Europe was one of the first areas to grasp the promise of nanorobotics, a high level of public and private investment contributes to the rapid expansion of nanorobotics in Europe. In terms of CAGR, the European market is closely followed by APAC, which is predicted to develop at the second-fastest rate in the total market.
Over the projection period, North America is likely to have a significant market share. The significant increase in support for nanorobotics from the Defense Advanced Research Projects Agency (DARPA) and the National Science Foundation is one of the driving causes for the region's growth (NSF). The growing usage of nanotechnology, along with high healthcare expenditure, is predicted to have a favorable influence on the region's market. Due to the fast expansion of the industry, technological innovation, and the existence of many chances in the regional market, Asia Pacific is expected to hold substantial shares from 2022 to 2030. The rest of the globe market is expected to expand the slowest due to limited resources and treatment facilities; hence, delayed technological advancement may hinder the expansion of the nanobots/nanorobots sector in this region.
Some of the prominent players in the Nanobots Market include:
- Oxford Instruments (UK)
- Thermo Fisher Scientific (US)
- Bruker Corporation (US)
- JEOL Ltd (Japan)
- Agilent Technologies, Inc. (US)
- EV Group (EVG) (Germany)
- Park Systems. (South Korea)
- AIXTRON (Germany)
- NT-MDT SI (US)
- Cavendish Kinetics, Inc. (US)
- Nanonics Imaging Ltd. (Israel)
- Angstrom Advanced Inc. (US)
- WITec Wissenschaftliche Instrumente und Technologie GmbH (Germany)
- ZYMERGEN INC. (US)
- Ginkgo Bioworks (US)
- Synthace (UK)
- Imina Technologies SA (Switzerland
- Kleindiek Nanotechnik GmbH (Germany)
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Nanobots market
- Magnetically Guided Nanobots/Nanorobots
By Type of Manufacturing
- Bacteria-based Nanobots
- 3D Printing
- Other Types
By End User
- Diagnostic Centers
- Research Laboratories
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Nanobots industry analysis from 2022 to 2030 to identify the prevailing Nanobots industry opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global Nanobots industry segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Nanobots industry trends, key players, market segments, application areas, and market growth strategies.