Molecular Robots Market Analysis

The global molecular robotics market is segmented by application into drug discovery, genetic research, and others, out of which, the drug discovery segment is anticipated to hold the major share in the market during the forecast period on account of escalating prevalence of rare diseases and increasing demand for novel treatment methods. Moreover, increasing investment in research by pharmaceutical companies, is estimated to boost the growth of the segment. On the basis of end-user industry, the market is segmented into chemical, pharmaceutical, and others, out of which the pharmaceutical segment is projected to garner significant revenue, owing to the growing R&D activities, funded by major pharmaceutical companies, for the development of better drugs. For instance, in the U.S., the investment in drug development for diseases, such as, Alzheimer’s disease, cancer, and heart stroke, amounted to over USD 180 billion, in 2018.

Our in-depth analysis of the global market includes the following segments