Market Dynamics:
Growing advances in nanotechnology and nanorobotics are expected to be a major driver for the market growth over the forecast period. Development of new nanorobots with advanced features for applications like targeted drug delivery, cell repair, disease treatment etc. are propelling the market growth. In addition, heavy investment by governments and private organizations in R&D of nanorobotics is also fueling the nanorobotics market growth. For instance, in 2016 National Science Foundation funded USD 7 million for advancing nanorobotics research. However, high R&D costs associated with development of nanorobots and issues regarding its toxicity and safety may hinder the market growth.

Key Takeaways:

The Global Nanorobotics Market Size is expected to witness high growth, exhibiting a CAGR of 15.6% over the forecast period, due to increasing demand for minimally invasive surgeries and nanoscale manufacturing. Rising investment in the development of renewable energy sources at nanoscale is further driving the market growth.

Read More: https://newsinsights123.blogspot.com/2023/12/nanosurgery-is-fastest-growing-segment.html