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Global Injectable Microscopic Robots Market is Expected to Gain Traction for Targeted Drug Delivery and Tumor Removal – A Report by Absolute Markets Insights

Published On 24 Sep 2021 07:53 AM


Absolute Markets Insights (AMI) reports a robust forecast for the injectable microscopic robots market during the forecast period. In its newly released report, AMI anticipates the market will grow at CAGR of 19.89% over the forecast period (2024 – 2033)

COVID-19 Pandemic is Expected to Have a Positive Impact

The COVID-19 pandemic has caused serious disruptions in the healthcare and pharmaceutical sector around the globe. Companies are increasingly exploring treatment options for various illnesses. Issues related to comorbidities has also been reported in patients that have suffered from coronavirus. The rise in investment in both diagnosis and treatment methods is expected to positively impact the global injectable microscopic robots market. Injectable robots are capable of delivering various drugs at the desired location with minimal interference, and this in turn leads to a more efficient therapeutic process. In patients with COVID-19 complication, or any other complication, injectable robots can be used for surgical treatments as it expected to have a higher precision as compared to traditional surgical treatment methods. Therefore, the pandemic is expected to help in the growth of the global injectable microscopic robots market in the coming years, predominantly driven by its ability to provide targeted care to the patients.

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Injectable Microscopic Robots that can Remove Cancer Tumours will Become Popular in the Coming Years

There has been a significant rise in the number of cancer patients in recent years. According to the U.S. Department of Health and Human Services projection for the year 2040, the total number of cancer cases every year will be around 29.5 million, and will claim around 16.4 million lives. Cancer related tumour removal is a dangerous and complicated process which requires utmost focus and concentration. In many cases, tumours can't be operated as they are in complicated locations, and can't be reached through human intervention. This is where the role of manually controllable microscopic robots becomes prominent. These robots can be injected to the tumour location, and operations can be performed with human assistance. Furthermore, the same robots can be used for the delivery of drugs to cancer hotspots, and cancerous cells alone can be targeted, thereby limiting the collateral damage on the human body which occurs as a consequence of cancer treatment. Therefore, the growth in the number of cancer cases around the globe, coupled with the rising demand for targeted tumour removal and drug delivery, is expected to help in the growth of the injectable microscopic robots market for cancer-related applications.

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North America is Expected to Emerge as a Prominent Region in the Global Injectable Microscopic Robots Market

Absolute Markets Insights reported that North America will emerge as a major revenue generator for the market participants in the coming years. This will be fuelled by the growth in the number of cancer-related tumour cases in countries like the U.S. and Canada, coupled with the increase in investment from both private entities and public healthcare bodies ( or research institutions) towards the development of controllable microscopic robots for healthcare applications. Bionaut Labs, for instance, is a start-up that aims to commercialize remote-controlled microscopic medical robots in the near future. The company received US$ 20 Mn in funding from venture capitalists for the commercialization of their product. The clinical trials for the micro-robot which can be inserted into the skull or spine is expected to begin by 2023. Therefore, the advancement in manufacturing technology in North America is promoting more companies to venture in the field of injectable microscopic robotics, which in turn will lead to the growth in revenue in the North America injectable microscopic robots market in the coming years.

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Global Injectable Microscopic Robots Market:

By Type

  • Bacteria-based
  • Magnetically Guided
  • Probe-based

By Application

  • Medical Surgery
  • Drug Delivery
  • Tumour Removal
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

For More Information Click@ https://www.absolutemarketsinsights.com/reports/Global-Injectable-Microscopic-Robots-Market-2021---2029-913

Contact Us:

Company: Absolute Markets Insights
Email id: [email protected] 
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
The Work Lab,Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/


Press Release Provided By: Absolute Markets Insights