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Nanorobotics Systems - Market Drivers and Forecast from TechnavioTechnavio analysts forecast the global nanorobotics systems market to grow at a CAGR of over 6% during the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161202005017/en/ 
Technavio publishes a new market research report on the global nanorobotics systems market from 2016-2020. (Graphic: Business Wire) The research study covers the present scenario and growth prospects of the global nanorobotics systems market for 2016-2020. To calculate the market size, the report considers the total revenue generated from the sale of nanorobotics systems for the development of nanorobots.
Currently, the US is leading the global nanorobotics systems market. The Americas generate the highest demand for nanorobotics systems, mainly from universities and research centers in the US and Canada. In EMEA, the UK is driving the market with more than 21 universities in the country facilitating research programs on nanotechnology with major emphasis on healthcare applications like drug delivery. This technology is capable of changing the future of cancer treatment and minimize invasive surgical procedures. Request a sample report: http://www.technavio.com/request-a-sample?report=54712 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio analysts highlight the following four factors that are contributing to the growth of the global nanorobotics systems market:
Increased level of investment in nanotechnology "Nanotechnology involves working with materials of sizes 1-100 nanometers. Improvements in nanotechnology require working at atomic and molecular levels for which electron microscopes are required. Governments and technology firms are investing significantly in the development of nanotechnology because of wide applications of nanotechnology in areas like medicine, electronics, biomaterials, and microfabrication", says Navin Rajendra, one of the lead analysts at Technavio for embedded systems research. Breakthrough technologies like nanorobotics is always backed by constant funding from governments and corporates. Development and improvement on these technologies not only require creative minds with a scientific temperament, but also the lab equipment and materials to support the research. The investments that come in are used to procure necessary lab equipment like nanomanipulators, nanolithography systems, and nanomaterial management systems to observe the behavior of the materials at the nano-scale. Development of technologies for medical use The wide scale adoption of nanorobots is fueled by its wide array of applications. Universities like Chonnam National University (South Korea) have been consistently providing monetizable breakthroughs in microrobotics. In 2001, the university's R&D center, Robot Research Initiative (RRI), developed the first colonoscopy robot. In 2010, RRI developed the world's first intravascular microrobot used for the treatment of blood vessel-related diseases. In March 2015, they developed an active endoscope. The university also signed a contract for USD 8.27 million with Woo Young Medical, a medical device manufacturer, for the transfer of technology. Universities like this play a major role in coming up with innovative technologies that address key issues of the medical field. Breakthrough in nanorobotics technology with first trial on humans Researches at Wyss Institute, Harvard, have created nanobots that can be used to cure leukemia. These nanorobots will also help in screening abnormal or mutated cells at early stages, before they express themselves as cancer cells. The research team at Wyss have already carried out tests on animals and the nanobots performed exceedingly well with zero collateral damage.
Promotion of entrepreneurship "One of the main drivers for the development of the microrobots and nanorobots is the university and government support to promote entrepreneurship. Such initiatives provide students and researchers ample opportunity to grow and take the initiative to a different level for the development of the technology", says Navin. Universities like Stanford, Carnegie Mellon, and Harvard have incubation centers where numerous entrepreneurs have started research, and eventually businesses. Chonnam National University, South Korea, has established its own company Gwangju Technology Holding to commercialize the technologies developed by its students, researchers, and faculty. Browse Related Reports
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20161202005017/en/ |
