Report ID: SQMIG35A2385
Report ID:
SQMIG35A2385 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
148 |
Figures:
76
Nanorobots Market size was valued at USD 8.3 Billion in 2023 and is poised to grow from USD 9.22 Billion in 2024 to USD 14.1 Billion by 2032, growing at a CAGR of 11.10% during the forecast period (2025-2032).
Nanorobotics is used in the treatment of cancer, improving healthcare efficiency and effectiveness, and monitoring the pharmacokinetics of diseases. Nanorobotics is also employed in the upkeep and construction of complex systems. The medical company's extensive and growing use of nanorobotics is expected to contribute significantly to market revenue in the coming years.
Other considerations include increasing government funding and support for molecular robot improvements, a growing emphasis on regenerative medicine and nanotechnology, as well as strategic collaborations between hospitals and urgent care facilities that are accelerating the implementation of nanorobotics. However, a significant factor that is currently impeding the market's revenue growth to some level is the high cost of nanorobotics in medical applications.
To reduce human error in the healthcare industry, difficult activities are being performed by nanorobots. New studies on DNA nanotechnology promotes the widespread use of nanorobots in medical applications. Market actors are being drawn to nanotechnology by long-term advantages that nanobots offer.
US Nanorobots Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35A2385