Molecular Robots Market Segmentation by Application (Drug Discovery & Delivery, Genetic Research, and Others); and by End-User (Pharmaceutical, Research Institutes, and Others)-Global Demand Analysis & Opportunity Outlook 2031-2036

Global Molecular Robots Market Highlights Over 2031 - 2036

The global molecular robots market is estimated to garner a revenue of USD 1880.2 Million by the end of 2036 by growing at a CAGR of 18.5% over the forecast period, i.e., 2031 – 2036. Moreover, in the year 2031, the market is expected to register a revenue of USD 806.0 Million. The growth of the market can be attributed to the growing advancements in the field of healthcare, along with the increasing adoption of robotic technology in medical sciences as well as drug development. One of the major concerns that remain with the pharmaceutical manufacturers is medication error, which majorly includes dispensing error. According to the statistics by the International Federation of Robotics (IFR), the total cost of medication error is recorded to be USD 42 Billion around the globe. Molecular robots, which are a type of nano robots, are capable of building other molecules. Besides this, each individual robot is also capable of making changes to a single molecule. The growing demand for nano robots, and the increasing nano robots industry, which is anticipated to garner a revenue of USD 15991.6 Million by the end of 2030, up from a revenue of USD 5511.1 Million in the year 2020, is also anticipated to create numerous opportunities for the market growth in the coming years. The concept of molecular robots has been recently created by a team from the University of Manchester, England, and is at a very nascent stage at the moment.

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The growth of the market can also be attributed to the increasing government support and investments in robotics technology, followed by the growing number of drug development projects worldwide, backed by the increasing prevalence of different types of diseases. Moreover, increasing investments for research and development around the globe is also expected to create numerous opportunities for market growth in the years to come. According to the statistics by the United Nations Educational, Scientific and Cultural Organization (UNESCO) Institute for Statistics, the gross domestic expenditure on R&D (GERD) as a percentage of GDP around the globe increased from 1.66% in the year 2013 to 1.73% in the year 2018.

Global Molecular Robots Market Regional Synopsis

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 North America is expected to garner the largest revenue of USD 802.8 Million by the end of 2036, up from an estimated revenue of USD 348.6 Million in the year 2031. The growth of the market can primarily be attributed to the growing R&D expenditure in the pharmaceutical industry as well as for the increasing support of the government of the nations in the region to promote advancements in the field of medical science. According to the statistics by the Congressional Budget Office of the Government of the United States, in the year 2019, the pharmaceutical industry devoted USD 83 Billion to R&D expenditures, which is about 10 times more than what was spent in the year 1980. Moreover, the Food and Drug Administration (FDA), between the years 2010 and 2019, approved 38 new drugs per year, and also registered a peak of 59 new drug approvals in the year 2018. Additionally, the growing demand for nano robots in the region, and the expanding nano robots market in North America, which is anticipated to garner a revenue of USD 6916.4 Million by the end of 2030, up from a revenue of USD 2469.0 Million in the year 2020, are also expected to contribute to the market growth for molecular robots in the region. On the other hand, the molecular robots market in the Asia Pacific, is projected to grow with the highest CAGR of 19.3% during the forecast period.

Growth Drivers and Challenges Impacting the Growth of the Global Molecular Robots Market

Growth Drivers

• Increasing Use of Molecular Robots in Drug Development

• Growing Support of the Government for R&D in Healthcare

Challenges

• High Designing and Development Cost of Molecular Robots

Global Molecular Robots Market Segmentation Synopsis

The global molecular robots market is segmented by application into drug discovery & delivery, genetic research, and others. Out of these, the drug discovery & delivery segment is anticipated to garner the largest revenue of USD 1130.0 Million by the end of 2036, up from an expected revenue of USD 488.0 Million in the year 2031. The market is also segmented on the basis of end-user into pharmaceutical, research institutions, and others. Out of these, the pharmaceutical segment is projected to garner the largest revenue of USD 1017.2 Million by the end of 2036, up from an estimated revenue of USD 438.9 Million in the year 2031.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global molecular robots market that are included in our report are Zymergen Inc., Imina Technologies SA, Ginkgo Bioworks, JEOL Ltd., Nanorobotics Ltd., Klocke Nanotechnik GmbH, and others. Besides this, some of the research organizations which are working towards the development of molecular robots are The President and Fellows of Harvard College (Harvard University), New Energy and Industrial Technology Development Organization (NEDO), Tokyo Institute of Technology, The University of Manchester, Hokkaido University, Tohoku University, Kansai University, Molecular Robotics, and others.

Latest Developments in the Global Molecular Robots Market:

• January 2021: Imina Technologies SA announced that it has launched a new control unit, Motion Controller MC410/20, which improves nanoprobes positioning resolution and versatility of NANO and MICRO product lines.

• November 2021: Harvard University’s Wyss Institute for Biologically Inspired Engineering, along with University of Vermont, and Tufts University, announced that a team of researchers that were known to build the first living robot, Xenobot, have now discovered an entirely new form of biological reproduction of this living robot. This new discovery promises numerous opportunities for the development of regenerative medicines.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

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• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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