Research Nester published a report titled “Molecular Robots Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global molecular robots market in terms of market segmentation by technology, application, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global molecular robots market is anticipated to garner a substantial CAGR over the forecast period, i.e., 2021–2030. The market is segmented on the basis of application into drug discovery, genetic research, and others, out of which, the drug discovery segment is foreseen to hold a major share during the forecast period, owing to the demand for new treatment solutions for rare diseases. By end-user industry, the market is segmented into chemical, pharmaceutical, and others, out of which the pharmaceutical segment is expected to hold a notable share in the market during the forecast period owing to the increasing investment by the pharmaceutical companies in research and development of new drugs.
The global molecular robots market is estimated to grow on the back of increasing demand for new treatment and drugs for rare diseases, including Alzheimer’s disease, sickle cell diseases, and cancer. Growing applications for molecular robots in studying complex chemical reaction and genetics, is also estimated to drive the market growth. Moreover, advances in the robotics and automation technology, is estimated to boost the market growth.
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Regionally, the global molecular robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is estimated to gain the largest share owing to the presence of advanced technology, along with high investment for development of innovative technology. U.S., invested over USD 180 billion in drug development for diseases, such as, Alzheimer’s disease, cancer, and heart stroke, in 2018. Moreover, the increasing healthcare expenditure and R&D activities, is further expected to boost the market growth. As per the data by the World Health Organization (WHO), 16.416 % of the GDP of North America was spent on the healthcare sector in 2018. The market in the Asia Pacific region is projected to witness notable CAGR over the forecast period owing to the increasing technological development in automation and robotics, growing healthcare and medical research industry, along with economic development in the region.
Increasing Demand for New Treatment Solutions for Genetic Diseases to boost the Market Growth
Various genetic diseases, such as Downes syndrome, sickle cell diseases, FAB, DiGeorge syndrome, among others, have no known cure. Additionally, the exact cause of these diseases is also unknown, which had increased the opportunity for research and development in this direction. Use of molecular robots is beneficial is studying genetic mutation at the molecular level. This is estimated to significantly boost the market growth.
However, high cost of production of these robots is expected to operate as key restraint to the growth of global molecular robots market over the forecast period.
This report covers the research and development made by various research teams of major universities, including Harvard University, in the global molecular robots market. The production of molecular robots has not attained a commercial level due to the very high cost of production. However, various key players of nanorobotics, including players, such as Nanorobotics Ltd., Molecular Robotics, and others, along with players working with artificial intelligence technologies are expected to enter the molecular robotics market in the upcoming years. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global molecular robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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