Europe Surgical Robots Market, By Product Type (Instruments, Robotic Systems, Accessories and Services), Brands (DA Vinci Surgical System, Cyber Knife, Renaissance, Artas, ROSA, Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy, Others), End-Users (Clinic, Hospital, Ambulatory Care Centers, Others) – Industry Trends and Forecast to 2030.
Europe Surgical Robots Market Analysis and Size
Surgical robots are useful for minimally invasive surgery because they allow for precise manipulation of surgical instruments beyond the capabilities of humans in a small operating space. Major market players are developing a micro manipulator for minimally invasive neurosurgery using this approach. Two micro grasping manipulators, a rigid neuroendoscope, a suction tube, and a perfusion tube comprise the micro manipulator.
Data Bridge Market Research analyses that the Europe surgical robots market which was USD 5.5 billion in 2022, is expected to reach USD 19.31 billion by 2030, at a CAGR of 17% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Europe Surgical Robots Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Instruments, Robotic Systems, Accessories and Services), Brands (DA Vinci Surgical System, Cyber Knife, Renaissance, Artas, ROSA, Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy, Others), End-Users (Clinic, Hospital, Ambulatory Care Centers, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Market Opportunities
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Market Definition
Surgical robots are computer-controlled devices that are used to perform minimally invasive (MI) and laparoscopic procedures. The robotic arm's tip is equipped with a high-definition 3-D camera that accurately represents the body's components. They can perform difficult surgeries by replicating the physician's hand movements with miniature surgical devices that can fit through small incisions. Compared to traditional operations, these robots provide a faster recovery time, less post-operative discomfort, and a lower risk of infection and scarring. Surgical robotics has recently been widely used in minimally invasive surgeries. Robotic-assisted surgery is at the cutting edge of precision in the realm of surgery, undergoing a remarkable transformation as a result of phenomenal recent advances in the devices. Robot assisted surgeries are now widely performed through tiny incisions in a variety of applications including urology, gynaecology, orthopaedics, and general surgery.
Surgical Robots Market Dynamics
Drivers
- Increase in regulatory approvals for surgical robots
One of the key factors driving market growth is the surge in regulatory approvals for surgical robots. For instance, Intuitive Surgical Inc's Ion robotic surgical system received 510(k) FDA clearance in 2019. Furthermore, the increasing adoption of assisted surgeries such as hysterectomies, the growing number of robotic systems for surgical interventions, and manufacturers' consistent investments and R&D activities in automated robotic systems are key factors supporting market growth.
- Increased rate for osteoarthritis
According to the Agency for Healthcare Research and Quality, over 4,50,000 hip replacement surgeries are performed annually in the United States. According to AIHW statistics, osteoarthritis's total knee replacement rate increased by approximately 38% between 2005-2006 and 2017-2018. Furthermore, the rising prevalence of bone degenerative diseases and the increasing number of hip and knee replacement surgeries as a result of arthritis and osteoporosis are drive the market growth.
Opportunities
- Growing usage of automated robotic instruments
The increasing use of automated robotic instruments in brain surgeries is also expected to drive the segment. According to an article published in Robotics Industries Association (RIA), robotic assistance and 5G technology were used to perform brain surgery in 2019. Such activities represent the potential growth of neurosurgery and are expected to drive market growth.
Restraints/Challenges
- Lack of skilled professionals
The lack of skilled professionals and the high costs associated with robotic systems will hamper the market growth. Growing concerns about safety and integration issues will complicate the Europe surgical robots market. Furthermore, complications associated with automated robotic surgery, such as possible inadvertent cuts, large blood loss, tears, burns, punctures, or other organ injuries, and the high cost of the instruments, may impede their adoption.
This Europe surgical robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Europe surgical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Surgical Robots Market
Growing demand for automated surgical instruments with high accuracy and low human effort is expected to accelerate market growth over the forecast years. The adoption of automated instruments has been increasing. This could be because of the COVID-19 pandemic, which made people more aware of the dangers of life-threatening viral infections and the risk of contamination.
Recent Developments
- In February 2021, Medtronic acquired Digital Surgery, a privately held surgical AI company specializing in digital education, data analytics, and training. Medtronic hopes to strengthen its robot-assisted surgical platform and expand its robotic system portfolio by acquiring Hugo, a new robot.
Europe Surgical Robots Market Scope
The Europe surgical robots market is segmented on the basis of product type, brands, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Instruments
- Robotic Systems
- Accessories and Services
Brands
- DA Vinci Surgical System
- Cyber Knife
- Renaissance
- Artas
- ROSA
- Others
Application
- General Surgery
- Urological
- Gynaecological
- Gastrointestinal
- Radical Prostatectomy
- Cardiothoracic Surgery
- Colorectal Surgery
- Radiotherapy
- Others
End-Users
- Clinic
- Hospital
- Ambulatory Care Centers
- Others
Surgical Robots Market Regional Analysis/Insights
The Europe surgical robots market is analyzed and market size insights and trends are provided by country, product type, brands, application and end-users as referenced above.
The countries covered in the Europe surgical robots market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany dominates the Europe surgical robots market due to increasing next-generation healthcare facilities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The Europe surgical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe surgical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe surgical robots market. The data is available for historic period 2011-2021.
Competitive Landscape and Surgical Robots Market Share Analysis
The Europe surgical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Europe surgical robots market.
Some of the major players operating in the Europe surgical robots market are:
- Intuitive Surgical Inc (U.S.)
- Stryker (U.S.)
- Medrobotics Corporation (U.S)
- Johnson & Johnson Private Limited (U.S.)
- Globus medical (U.S.)
- NuVasive Inc. (U.S.)
- Smith + Nephew (U.K.)
- Titan Medical Inc (Canada)
- TransEnterix Inc (U.S.)
- University of Pittsburgh Medical Center (U.S.)
- Mazor Robotics (Israel)
- Auris Health Inc. (U.S.)
- Corindus Inc. (U.S.)
- Renishaw plc (U.K.)
- Medineering GmbH (Germany)
- Medtronic (Ireland)
- Renishaw plc. (U.K.)
- Preceyes BV (Netherlands)
- MicroSure (Netherlands)
- avateramedical GmbH (Germany)
- Siemens (Germany)
Research Methodology: Europe Surgical Robots Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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