Harrisburg, NC -- (SBWIRE) -- 10/30/2020 -- Global Nanorobotics Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.

This Nanorobotics Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

- Nanobots are injected into the patient to perform diagnosis or treatment on a cellular level, and the diagnosis or treatments involve the nanoscale, molecular, or atomic level. Treatments with nanorobots may include alterations in the structure and composition at the molecular or submolecular level. The various areas of applications of nanorobots leverage the unique properties of materials and devices in the nanoscale dimensions.
- In 2019, dozens of startups looked to get in on this emerging new field. One of those is Pumeram, which is based in Prague and has already raised EUR 11.5 million to develop rocket, spheroid, and even screw-shaped nanobots that will help treat diseases ranging from skin and oral ailments to fertility problems. The startups cancer-killing nanobots have already been successfully tested on mice.

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The prominent players in the Global Nanorobotics Market:

Ginkgo Bioworks Inc, Imina Technologies SA, Oxford Instruments, EV Group, Thermo Fisher Scientific Inc., Zymergen Inc. and Others.

- June 2019 - EV Group launched a fully integrated track system that combines cleaning, resist coating, and baking pre-processing steps with the company's proprietary SmartNIL wafer-level nanoimprint lithography process in a single platform for wafers up to 300 millimeters in diameter. It supports the production of a variety of devices and applications, including optical devices for augmented/virtual reality (AR/VR) headsets, 3D sensors, bio-medical devices, nanophotonics, and plasmonics.

Key Market Trends: -

Drug Delivery Application is Expected to Witness Significant Growth Rate

- Nanobots are an emerging field, showing great potential as a form of drug delivery. The ability to target difficult-to-reach areas of the body while carrying medicinal compounds is highly sought after as a biomedical application. Although there are still advances to be made in the field, previous research indicates that they will be vital in combatting hard-to-treat diseases. A significant challenge for most researchers, however, is ensuring that their concepts will be successful on the nanoscale.
- In the last few years, research into engineered nanobots that can navigate through the body to deliver drugs with precision has intensified. In December 2019, Researchers from IIT Guwahati had come up with nanobots synthesized from tea extracts, named teabots, which can serve as biocompatible drug-delivery agents.
- In September 2019, Michigan State University scientists invented a new way to monitor chemotherapy concentrations, where they created a process based around magnetic particle imaging that employs superparamagnetic nanoparticles as the contrast agent and the sole signal source to control drug release in the body at the site of the tumor. Nanobots are used to target harder-to-reach portions of cancerous tumors, which will be a potential increase in the chances of successful chemotherapy as well.
- In 2019, DNA nanorobots were developed, which consists of a track and a walker system to reach the target location and contained a self-assembly system consisting of DNA strands with the ability to produce a functional molecule. All the concepts and designs proposed by the researchers for nanorobots in the drug delivery application are successful and promising. Yet, improvements are needed before being deployed on a larger scale.

North America is Expected to Hold a Major Share

- North America is expected to hold a major market share over the forecast period. One of the driving factors for the regions growth is the considerable growth in the backing of nanorobotics from the Defense Advanced Research Projects Agency (DARPA) and the National Science Foundation (NSF). The growth of adoption in nanotechnology, coupled with high expenditure on healthcare, is expected to create a positive impact on the market in the region.
- The United States has one of the highest costs of healthcare in the world. In 2018, the United States spent about USD 3.6 trillion on healthcare, which averages to about USD 11,000 per person. The Centers for Medicare and Medicaid Services (CMS) project that by 2028, such costs will climb to USD 6.2 trillion, or about USD 18,000 per person, and will represent about 20 percent of GDP. As most of the applications of nanorobotics are related to health care, the region is expected to witness the increase in the adoption of the technology in such related applications.
- However, the most direct impact the coronavirus pandemic will have on U.S. health care spending is through testing and treatment of COVID-19. The University of Washington Institute for Health Metrics and Evaluation (IHME) model suggests the outbreak is reaching its peak in the U.S. and is bound to put a severe strain on the government in terms of spending to tackle the virus. Although researchers are contemplating the idea of using nanoparticles to combat the virus, the idea is still in a nascent stage, and the research activities of nanorobotics backed by the government may witness significant delays.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Nanorobotics Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Nanorobotics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Browse in-depth and report summary TOC on "Nanorobotics Market":

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Finally, the Nanorobotics market report offers a complete and detailed study of Global Nanorobotics market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter's five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

Note: - All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.