Market Size of Molecular Robotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 18.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Molecular Robotics Market Analysis
The molecular robotics market is expected to witness a CAGR of 18% over the forecast period.
After the outbreak of COVID-19, all markets were significantly affected due to supply chain disruptions. However, research and development were increased to find potential treatments for the COVID-19 infection. The demand for research and development in molecular robotics has increased because it can enable fast and smart treatment options by changing molecules. Many research studies have been conducted to find better patient care and treatment options. In an article published in the British Medical Journal in August 2021, it was mentioned that researchers developed a robotic nucleic acid extraction method for high-throughput detection of SARS-CoV-2 RNA in saliva samples. More research and studies have also been done to find a cure for COVID-19. These research and studies have created a demand for molecular robots and have had a positive impact on the market under review. However, currently, the market is growing at a stable pace owing to rising research and development activities, and it is expected to witness a similar trend over the coming years.
The high prevalence of chronic diseases such as cancer and other rare diseases and increased use in drug development are the major driving factors for the molecular robotics market. For instance, according to the Breast Cancer Factsheet Now 2021, around 55,000 women and 370 men in the United Kingdom are diagnosed with breast cancer every year. This figure is expected to climb to 1.2 million by 2030. This rising incidence of cancer leads to increased demand for advanced technology. As molecular robots can read, edit, and alter DNA and RNA, which can create new structures to find a cure for cancer-like diseases, the demand for these molecular robots is increasing, which is expected to lead to the growth of the market during the forecast period.
As research and development have been on the rise lately, laboratory automation is becoming a need to maintain a smooth workflow. Molecular robots are designed using advanced technologies to minimize the pressure of learning new software and other equipment, helping scientists increase the overall efficiency of their laboratories and accelerate next-generation research. In July 2022, Researchers created new DNA motors that can sense and process chemical information, allowing them to respond quickly and mimic some fundamental properties of living cells. With new research producing the first DNA-based motors that combine computational power with the ability to burn fuel and move in an intentional direction, the inspiration for miniature molecular robots is rising exponentially. This is expected to gain demand and boost the growth of the studied market during the forecast period.
However, the high cost of development and design of these molecular robots is expected to restrain the growth of the market over the studied forecast period.
Molecular Robotics Industry Segmentation
As per the scope of the report, molecular robots are designed and capitalized using advanced technologies to automate scientific workflow easily while minimizing the hassle of learning new software and equipment. These molecular robots are also suited for a wide variety of research fields, including synthetic biology, drug discovery, and biotechnology.
The Molecular Robotics Market is Segmented by Product Type (Software and Consumables, and Devices), Application (Drug Discovery, Genetic Research, and Other Applications), End User (Research Laboratories and Pharma and Biotech Companies), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size in value terms in USD for all the abovementioned segments.
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Software and Consumables | |
Devices |
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Drug Discovery | |
Genetic Research | |
Others |
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Research Laboratories | |
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Molecular Robotics Market Size Summary
The molecular robotics market is poised for significant growth, driven by advancements in research and development, particularly in the pharmaceutical sector. The demand for molecular robotics has surged due to its potential in enabling rapid and intelligent treatment options by manipulating molecules, a capability that has proven invaluable in the wake of the COVID-19 pandemic. This technology is increasingly being utilized in drug discovery and the treatment of chronic diseases, such as cancer, where it can read, edit, and alter DNA and RNA to develop new therapeutic structures. The rising incidence of chronic and rare diseases has further fueled the need for advanced molecular robotics, as these robots offer sophisticated drug delivery and diagnostic capabilities. Despite the high costs associated with their development, the market is expected to continue its upward trajectory, supported by ongoing research and the integration of molecular robotics into laboratory automation and drug discovery processes.
North America is anticipated to lead the molecular robotics market, bolstered by its advanced robotics technologies and robust pharmaceutical research initiatives. The region's growing prevalence of chronic diseases, particularly cancer, has spurred collaborative efforts among research institutes to explore innovative treatment options, including the use of molecular robots. The presence of major market players and active participation from academic institutions in drug research further contribute to the market's expansion in North America. Companies like Danaher Corporation, Bruker, and Thermo Fisher Scientific are at the forefront, focusing on technological advancements to capture a larger market share. The competitive landscape is marked by significant investments in AI-driven drug discovery and automation, as exemplified by Insilico Medicine's launch of its Intelligent Robotics Lab, which aims to enhance the efficiency and success rate of drug development.
Molecular Robotics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing R&D Investment and Advancements in Robotics Technology
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1.2.2 Increased Use in Drug Development for Rare Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Moecular Robots Designing and Production
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD Million)
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2.1 By Product Type
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2.1.1 Software and Consumables
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2.1.2 Devices
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2.2 By Application
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2.2.1 Drug Discovery
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2.2.2 Genetic Research
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2.2.3 Others
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2.3 By End-User
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2.3.1 Research Laboratories
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2.3.2 Pharma and Biotech Companies
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Molecular Robotics Market Size FAQs
What is the current Global Molecular Robotics Market size?
The Global Molecular Robotics Market is projected to register a CAGR of 18% during the forecast period (2024-2029)
Who are the key players in Global Molecular Robotics Market?
Bruker, Danaher Corporation (Medical Devices, LLC.), PerkinElmer, Qiagen and Thermo Fisher Scientific are the major companies operating in the Global Molecular Robotics Market.