Europe Surgical Robots Market Assessment, Future Scope and Potential of Industry by 2028

The surgical robots market in Europe is expected to grow from US$ 2,267.95 million in 2022 to US$ 5,059.11 million by 2028; it is estimated to grow at a CAGR of 14.3% from 2022 to 2028. 

The Europe Surgical Robots Market is experiencing significant growth, fueled by the strategic initiatives of key players. These companies are actively expanding their product portfolios and geographical reach to meet the increasing demand for minimally invasive surgery (MAS). A prime example is CMR Surgical's successful launch of its innovative Versius Surgical Robotic System at Argenteuil Hospital in France in October 2020. This achievement followed a competitive tender win, positioning Versius as the preferred surgical robotic system for MAS within Resah, a major healthcare purchasing center collaborating with over 700 public and non-profit healthcare facilities.

Another notable player, Stryker, is focusing on orthopedic applications with its CORI System. This surgeon-controlled robotic platform boasts a modular design, allowing for scalability across various orthopedic procedures. Furthermore, an Indian company is demonstrating its ambition by planning to manufacture 100 units of its novel multi-arm 'Mantra' surgical robotic system in 2021, backed by significant investments exceeding ₹1,300 crores to boost production capabilities.

The impact of these developments is underscored by a CMR Surgical study indicating that approximately 6,000–6,500 robotic surgical systems have been installed over the past two decades. This number is projected to increase substantially during the forecast period, driven by continuous advancements and innovations within the medical device industry. Consequently, all these factors are expected to contribute positively to the expansion of the surgical robots market in the coming years.

Europe Surgical Robots Market Overview

The Europe Surgical Robots Market encompasses Germany, the UK, France, Italy, Spain, and the rest of Europe. The market's growth in this region is primarily attributed to the rising number of surgical procedures, a consequence of the increasing geriatric population. This demographic is more susceptible to conditions such as prostate cancer, cardiovascular diseases, and orthopedic issues, thereby escalating the demand for surgical robotic interventions. Moreover, Europe is at the forefront of robotic surgery development, particularly in the area of lung cancer surgeries. The growing adoption of robotic surgery in orthopedics is a significant driver of market growth, especially in Germany.

Europe Surgical Robots Strategic Insights

Strategic insights for the Europe Surgical Robots Market offer a data-driven analysis of the industry's current state, including prevailing trends, key market participants, and specific regional characteristics. These insights provide actionable recommendations that empower stakeholders to differentiate themselves in the competitive landscape. By identifying untapped market segments and developing unique value propositions based on data analytics, companies can gain a competitive edge. Furthermore, these insights enable industry players, including investors and manufacturers, to anticipate market shifts and position themselves for sustained success in this dynamic region. Ultimately, well-informed strategic decisions, guided by these insights, are crucial for driving profitability and achieving business objectives within the Europe Surgical Robots Market.

Europe Surgical Robots Market Regional Insights

The geographic scope of the Europe Surgical Robots Market defines the specific areas where businesses operate and compete. A deep understanding of local nuances is essential for tailoring effective market strategies. These distinctions include varying consumer preferences (such as demand for specific medical device features), diverse economic conditions across countries, and differing regulatory frameworks. By recognizing and adapting to these local demands, businesses can expand their market reach into previously underserved areas. A focused market approach allows for more efficient allocation of resources, targeted marketing campaigns, and improved positioning against local competitors, ultimately fostering growth within these specific European markets.

Europe Surgical Robots Market Segments Covered

Europe Surgical Robots Market By Component

• Instruments & Accessories
• Robotic Systems
• Services

Europe Surgical Robots Market By Application

• Urological Surgery
• Orthopedic Surgery
• General Surgery
• Gynecological Surgery
• Cardiothoracic Surgery
• Neurosurgery

Europe Surgical Robots Market By End User

• Hospitals
• Ambulatory Surgical Centers

Europe Surgical Robots Market Regions and Countries Covered

Europe

• UK
• Germany
• France
• Russia
• Italy
• Rest of Europe

Europe Surgical Robots Market leaders and key company profiles

• Intuitive Surgical
• Smith+Nephew
• Johnson & Johnson Services, Inc.
• Stryker
• Zimmer Biomet
• Medtronic
• Siemens Healthineers AG
• Asensus Surgical, Inc.
• Renishaw plc

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights