According to Business Market Insights’ research, the Europe Surgical Robots Market was valued at US$ 2,267.95 million in 2022 and is expected to reach US$ 5,059.11 million by 2028, registering an annual growth rate of 14.3% from 2022 to 2028. Rising number of surgical procedures and increasing number of product launches and approvals
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The List of Companies
Intuitive Surgical
Smith+Nephew
Johnson & Johnson Services, Inc.
Stryker
Zimmer Biomet
Medtronic
Siemens Healthineers AG
Asensus Surgical, Inc.
Renishaw plc
Expansion and Innovation Driving Growth in the European Surgical Robots Market (2022–2028)
The European surgical robots market is experiencing significant growth, driven by continuous innovation and the expansion of key market players. Companies are launching advanced robotic systems to enhance their geographic reach and cater to an increasing customer base.
In October 2020, CMR Surgical introduced its Versius Surgical Robotic System at Argenteuil Hospital, a prominent public health center near Paris, France. This launch followed a competitive tender process, with Versius being selected as a preferred robotic system for minimal access surgery (MAS) by Resah, one of the largest public procurement centers in healthcare. Resah collaborates with over 700 public and private nonprofit hospitals and social care institutions.
The CORI System, another breakthrough in robotic surgery, employs surgeon-controlled robotics and features a modular design, allowing scalability across orthopedic services. Additionally, a company specializing in surgical robotics plans to manufacture 100 units of the multi-arm ‘Mantra’ robotic system in 2021. To support this expansion, it has invested approximately ₹300 crores and is set to invest another ₹1,000 crores to boost production capabilities.
According to a study by CMR Surgical, around 6,000–6,500 robotic surgical systems have been installed in the past two decades. This number is expected to rise significantly during the forecast period, fueled by ongoing advancements in medical device technology. These factors collectively contribute to the expansion of the surgical robots market in Europe.
Market Overview
The European surgical robots market is segmented into Germany, the UK, France, Italy, Spain, and other countries in the region. Growth in this sector is primarily driven by the increasing number of surgical procedures, largely due to the region’s aging population. The elderly are at higher risk of conditions such as prostate cancer, cardiovascular diseases, and orthopedic disorders, which has led to increased demand for robotic-assisted surgery.
Europe is at the forefront of robotic surgery advancements, particularly in lung cancer treatments. Germany, in particular, is seeing a surge in robotic surgeries within the orthopedic sector, further boosting market expansion.
Strategic Insights for the European Surgical Robots Market
A data-driven approach provides valuable strategic insights into the European surgical robots industry, analyzing current trends, major players, and regional distinctions. These insights help businesses identify untapped market segments and develop unique value propositions to gain a competitive advantage.
By leveraging data analytics, industry players—including investors and manufacturers—can anticipate market shifts and position themselves for long-term success. A forward-looking perspective enables stakeholders to make informed decisions that enhance profitability and drive business growth in this evolving market.
Regional Insights for the European Surgical Robots Market
Understanding the regional dynamics of the European surgical robots market is crucial for business success. Factors such as consumer preferences, economic conditions, and regulatory requirements vary across different countries, necessitating tailored market strategies.
Companies can expand their reach by identifying underserved regions and adapting their products to meet local demands. A clear focus on market-specific needs allows for optimized resource allocation, targeted marketing, and stronger competitive positioning. Ultimately, businesses that align their strategies with regional distinctions can achieve sustainable growth and capitalize on emerging opportunities in the European surgical robots market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights