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The Europe Surgical Robots Market 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.
Expansion and Innovative Product Launches Fueling Surgical Robots Market Growth in Europe (2022–2028)
Key players in the Europe surgical robots market are strategically focused on expanding their geographical reach and enhancing their capabilities through the launch of innovative products to serve a broader customer base. A notable example is CMR Surgical's October 2020 launch of its Versius Surgical Robotic System at Argenteuil Hospital near Paris, France. This followed their successful bid to become a preferred supplier of minimal access surgery (MAS) robotic systems for Resah, a major public healthcare purchasing center collaborating with over 700 public and non-profit healthcare facilities.
Similarly, other companies are actively innovating. The CORI System, utilizing surgeon-controlled robotics and a modular design, allows for scalability across orthopedic procedures. Furthermore, a company is reportedly planning to produce 100 units of its novel multi-arm ‘Mantra’ surgical robot in 2021, having already invested approximately ₹300 crores and with plans for an additional ₹1,000 crores investment to boost production. A CMR Surgical study indicates that roughly 6,000–6,500 robotic surgical systems have been installed in the past two decades, with this number expected to significantly increase during the forecast period due to ongoing advancements and innovations within the medical device industry. These combined factors are projected to drive substantial growth in the Europe Surgical Robots Market throughout the forecast period.
Europe Surgical Robots Market Overview:
The Europe surgical robots market is segmented geographically into Germany, the UK, France, Italy, Spain, and the rest of Europe. The market's growth in this region is primarily driven by an increase in surgical procedures, which is linked to the growing geriatric population. This demographic is more susceptible to conditions like prostate cancer, cardiovascular diseases, and orthopedic issues, consequently increasing the demand for surgical robots. Moreover, Europe is at the forefront of robotic surgery development, particularly in lung cancer procedures. The expanding application of robotic surgeries in orthopedics is a significant growth driver specifically within the German market.
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
Europe Surgical Robots: Strategic Insights
Strategic insights for the Europe surgical robots market offer data-driven analysis of the industry's landscape, encompassing current trends, key market participants, and regional specificities. These insights provide actionable recommendations to help stakeholders differentiate themselves by identifying underserved market segments or developing unique value propositions. By leveraging data analytics, these insights enable industry players, including investors and manufacturers, to anticipate market shifts. Adopting a future-oriented perspective is crucial for stakeholders to prepare for market changes and position themselves for sustained success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that foster profitability and achieve their business objectives within the Europe surgical robots market.
Europe Surgical Robots: Regional Insights
The geographic scope of the Europe Surgical Robots market defines the specific areas where businesses operate and compete. Understanding local nuances is critical for tailoring effective market strategies. These nuances include diverse consumer preferences (such as variations in demand for specific medical device features), differing economic conditions across countries, and varying regulatory environments. By recognizing underserved areas or adapting product offerings to meet local demands, businesses can expand their market reach. A focused market approach allows for more efficient resource allocation, targeted marketing campaigns, and improved competitive positioning against local players, ultimately driving growth within these specific European markets.
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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