Market Size of Nanorobotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nanorobotics Market Analysis
The nanorobotics market registered a CAGR of 10% during the forcasted period (2021-2026). Nanorobotics refers to nanotechnology that involves engineering, designing, and building of nanorobots. Nanorobots are devices ranging in size from 1 to 100 nanometers that are composed of nanoscale or molecular components.
- 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 startup's cancer-killing nanobots have already been successfully tested on mice.
- The tech giant, Google, partnered with the big pharma giant GlaxoSmithKline to form its nanobot powerhouse shows the significance of nanorobotics in the future. Eligo, a startup founded in France, raised USD 27.4 million till mid-2019 to put protein-based nanobots in the bowels and is now focused on moving different clinical programs into humans.
- In 2020, researchers around the world are developing skilled nanobots that can perform a wide range of surgeries on humans. They will be programmed and guided with external magnetic fields. Nanobots can perform eye surgeries with needles, clear blocked arteries by drilling a corkscrew through arterial blockages and collect biopsies.
- Since the coronavirus outbreak began in late 2019, researchers are racing to learn more about SARS-CoV-2, which is a strain from a family of viruses known as coronavirus for their crown-like shape. Various researchers are proposing the idea of using nanoparticles that are a similar size to the virus behind COVID-19 that could attach to SARS-CoV-2 viruses, disrupting their structure with a combination of infrared light treatment and this expected to boost the market if the practice succeeds.
