“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”
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.
Nanorobotics is a fascinating new field in medicine that concentrates on targeted drug delivery using nanoscale molecular components like DNA. These nanobots carry a payload with the cancer drug and can identify specific types of cancer cells among billions of healthy cells using biomarkers. The nanobots then unravel on contact with the target cancer cells and release the drug within, thus destroying the mutated cells.
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.
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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
- Development of technologies for medical use
- Breakthrough in nanorobotics technology with first trial on humans
- Promotion of entrepreneurship
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.
|Such developments can revolutionize medicine by reducing the need for major invasive surgeries and bring new growth opportunities for nanorobotics systems when the technology is commercialized.|
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.
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