According to a recent study published by the Market Research Future analysts, the global nanobots market is growing at a rapid rate; mainly due to the continuous developments in the robotics, emergence of the advanced robotics as a tool in the healthcare.
Nanobots are used in various fields for different tasks to be performed thus reducing human errors. The implementation of this of this technology in healthcare is increasing from last few years. Technological advancement in healthcare has boundless opportunities helping patients to get treated with less harmful and reliable technology and advanced healthcare equipments. Applications of these nano and micro-machines are nearly endless. Some of the most exciting opportunities for the nanobots market are its use in the cancer treatment with the purpose of identifying and destroying cancer cells more accurately and effectively. Use of nanobots as targeted drug delivery mechanisms for disease control and prevention. Creating nanoparticles that gather in certain tissues and then scanning the body with a magnetic resonance imaging (MRI) could help highlight problems such as diabetes. Nanobots can be used to develop new sensing devices to monitor and measure the world around us. According to experts, nanobots are believed to have such tremendous potential, that nanobots will allow us to connect our biological nervous system to the cloud by the end of next decade.
On the other hand, there are some obstacles in this market such as high cost of the development, regulatory measures for the use of the nanobots in integration with the medical devices. All these factors may hinder the growth of the nanobots market to an extent.
The Global Market of Nanobots is expected to reach US$ 100 billion in 2023 from US$ 74 billion in 2016 with a CAGR of approximately 21% during the forecast period 2017-2023.
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Global Nanobots Market – Competitive Analysis
The global market consist of players such as Xidex Corp. (Texas), Zymergen Inc. (U.S), Synthace Limited (U.K), Ginkgo Bioworks (U.S). Other players are: Advanced Diamond Technologies (U.S), and Advanced Nano Products Co Limited (South Korea). These are some of the prominent players at the forefront of competition in the global nanobots market.
The market for nanobots is emerging market with rapid growth owing to the number of companies operating in this market. There are number of companies involved in the development of the products, including the devices, sensors, and accessories for the various types of nanobots.
Nanobots Market is rapidly growing market with various companies that are involved in the manufacturing of different types of nanorobots such as These companies have adapted the strategies of the acquisitions, and launching of the new products in order to strive in this very big and competitive market.
Xidex Corp. is a Texas based company manufacturing nanodevices. Nanobot is a nano manipulator by Xidex mainly applied in scanning electron microscope. Xidex products nanomanipulator solutions to nonscientists. Naonobot is used for sample preparation.
Zymergen Inc. is a U.S based company providing solutions in biology, automation and computation. Zymergen involves integration of biology with machine learning. Automation involves manufacturing of robots to test thousands of strains of bacteria. Computation involves the use of integrated data collection system in which the instruments and sensors feed data into the software management system directly from the labs.
Synthace Limited has a product named Antha which is an operating system for computing in labs. The technology is used to run biological experimentation and manufacturing processes reprogram as well as reprogram robots in very less span of time. Synthace was awarded as Technology Pioneer by World Economic Forum in June 2016.
Global Nanobots Market – Regional Analysis
The Americas dominate the global nanobots market owing to the presence of large number of companies in countries like United States. Increasing prevalence of various types of acute and chronic diseases also propel the need of the development of the novel and effective diagnostic methodologies and treatment methods. Continuous development in the advanced robotics research has also impacted on the growth of the nanobots market. Europe accounts for the second largest market for the nanobots, which is followed by Asia Pacific. European region has captured a significant share in the global nanobots market owing to the large patient pool and developing healthcare infrastructure, and increased government support for the research and development in the heathcare sector. Asia Pacific is the fastest growing market owing to the huge population base, increasing prevalence of cardiovascular diseases, increased carncer cases, rapidly developing economies and presence of huge opportunity for the growth of the market. The Middle East & Africa has the least market share due to the presence of the poor economies in Africa region.
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