Global Molecular Robots Market to Grow with a CAGR of 18.5% During 2031-2036; Market to Expand on Account of Surge in Use of These Robots in the Development of Drugs
Kenneth Research published a report titled “Molecular Robots Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global molecular robots market in terms of market segmentation by application, end-user, 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 grow with a CAGR of 18.5% over the forecast period, i.e., 2031 – 2036. The market is segmented by application into drug discovery & delivery, genetic research, and others, out of which, the drug discovery & delivery segment is anticipated to garner the largest revenue of USD 1130.0 Million by the end of 2036, by growing from an estimated revenue of USD 488.0 Million in the year 2031.
The global molecular robots market is estimated to garner a revenue of USD 1880.2 Million by the end of 2036, up from a projected revenue of USD 806.0 Million in the year 2031. Increasing advancements in the field of healthcare, along with the rising support of the government to promote research and advancements in medical science, and the rise in the number of drug development projects around the globe are some of the major factors anticipated to drive the market growth in the coming years.
Geographically, the global molecular robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is expected to garner the largest revenue of USD 802.8 Million by the end of 2036. Moreover, the market in the region is anticipated to grow from a revenue of USD 348.6 Million in the year 2031.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing R&D Investment to Drive Market Growth
The gross domestic expenditure on R&D (GERD) as a percentage of GDP around the globe, according to the statistics by the United Nations Educational, Scientific and Cultural Organization (UNESCO) Institute for Statistics, increased from 1.66% in the year 2013 to 1.73% in the year 2018.
One of the major factors anticipated to drive the growth of molecular robots market is the growing investments for research and developments. Both public and private organizations are increasingly investing in the field of medical sciences, backed by the growing prevalence of diseases worldwide. With the development of such advanced medical tools, the scope for development of advanced drugs in the future is projected to grow significantly. Such factors are therefore anticipated to drive the growth of the market.
However, the high designing and development cost of molecular robots is expected to operate as key restraint to the growth of global molecular robots market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global molecular robots market which includes company profiling of 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. 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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