EUROPE SURGICAL ROBOTICS MARKET FORECAST 2024-2032
SCOPE OF THE REPORT
Europe Surgical Robotics Market by Product & Service (Robotic Systems, Instruments & Accessories, Services) Market by Application (Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Applications) Market by End-user (Hospitals, Ambulatory Surgery Centers, Other End-users) by Geography
REPORTS » HEALTHCARE » SURGICAL DEVICES » EUROPE SURGICAL ROBOTICS MARKET FORECAST 2024-2032
MARKET OVERVIEW
The Europe surgical robotics market is set to record a CAGR of 9.12% during the forecast period, 2024-2032, and is projected to garner a revenue of $6559.83 million by 2032.
The ongoing evolution of robotic technologies, marked by heightened precision, improved imaging capabilities, and downsizing, is fueling the widespread embrace of surgical robotics throughout Europe. These technological strides empower the performance of increasingly intricate and less invasive procedures.
The Europe surgical robotics market growth assessment includes the analysis of Italy, France, Germany, the United Kingdom, Spain, and Rest of Europe. The United Kingdom has solidified its position as a pivotal center for healthcare technological advancements, particularly evident in the flourishing surgical robotics market. This sector’s remarkable expansion in recent years is a testament to the nation’s dedication to pushing the boundaries of medical practices.
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In the United Kingdom, the surgical robotics market boasts a dynamic technological environment, constantly evolving to redefine healthcare delivery. Advanced robotic systems incorporating artificial intelligence, machine learning algorithms, and cutting-edge sensors are reshaping conventional surgical methods. These innovations not only enhance surgical precision but also offer real-time feedback to surgeons, ultimately leading to better patient outcomes.
Spain’s surgical robotics sector is charting a course amidst an environment defined by innovation and a steadfast dedication to regulatory standards, highlighting the country’s drive to enhance healthcare via technological strides. Noteworthy expansion characterizes the market, driven by a convergence of elements that underscore Spain’s deliberate efforts to mold the trajectory of surgical interventions.
A key driver of growth for Spain’s surgical robotics industry is the growing focus on telehealth and remote surgical capacities. The desire for robotic-assisted procedures enabling surgeons to operate remotely has surged in importance.
The Europe surgical robotics market segmentation includes end-user, application, and product & service. The product & service segment includes services, instruments & accessories, and robotic systems.
Robotic systems encompass a spectrum of technologies designed to interact intelligently with their surroundings, including humans, through the integration of diverse sensors, actuators, and interfaces. These systems exhibit diverse physical forms, ranging from mobile robots to humanoid counterparts and surgical platforms.
The introduction of the da Vinci surgical system marked a significant milestone in various surgical disciplines. Subsequently, numerous other robotic systems, such as the Bitrack System prototype developed by Rob Surgical Systems S.L. in Barcelona, Spain, have emerged, undergoing clinical validation for the European market.
Among these innovations is the NAVIO Surgical System, which employs robotic-assisted technology tailored specifically for total knee replacement procedures. Unlike traditional approaches reliant on preoperative CT scans, the NAVIO System dynamically maps bone structures during surgery, generating a real-time 3D model.
Some of the prominent companies in the Europe surgical robotics market include Globus Medical Inc, CMR Surgical Ltd, Stryker Corporation, Accuray Incorporated, etc.
CMR Surgical Ltd functions as a standalone medical device firm, specializing in the creation of universal robotic systems tailored for minimal access surgery. Their flagship product, Versius, represents a cutting-edge robotic solution adept at fulfilling the intricate demands of laparoscopic procedures, seamlessly integrating into established surgical protocols. Notably, Versius’ design, inspired by biological mechanisms, facilitates surgeons’ work, minimizing both physical and cognitive strain. Based in Cambridge, Cambridgeshire, UK, CMR Surgical operates from its headquarters.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2024-2032 |
Base Year | 2023 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) |
Segments Analyzed | End-User, Application, and Product & Service |
Countries Analyzed | Italy, France, Germany, the United Kingdom, Spain, and Rest of Europe |
Companies Analyzed | Ethicon, Zimmer Biomet Holdings Inc, Smith & Nephew, Stryker Corporation, Accuray Incorporated, CMR Surgical Ltd., Globus Medical Inc, Intuitive Surgical Inc, Medtronic PLC, Medrobotics Corporation, Stereotaxis Inc, Asensus Surgical Inc, Titan Medical Inc, Synaptive Medical Inc, Think Surgical Inc |
TABLE OF CONTENTS
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- IMPACT OF COVID-19 ON SURGICAL ROBOTICS MARKET
- MAJOR MARKET FINDINGS
- SIGNIFICANT TRANSFORMATION DUE TO AUTOMATED MICROSURGERY
- TECHNOLOGICAL ADVANCEMENTS IN MINIMALLY INVASIVE SURGERIES
- ROBOTIC TELESURGERY IS BECOMING FEASIBLE
MARKET DYNAMICS
- KEY DRIVERS
- SURGING ELDERLY POPULATION
- INTEGRATION OF AI-ML IN ROBOTIC SURGERY SYSTEMS
- DEPLOYMENT OF ROBOTICS IN HEALTHCARE
- KEY RESTRAINTS
- POTENTIAL HAZARDS ASSOCIATED WITH ROBOTIC SURGERY
- HIGH INSTALLATION COSTS OF ROBOTIC SURGERY SYSTEMS
- LACK OF TRAINED PROFESSIONALS
- KEY DRIVERS
KEY ANALYTICS
- KEY MARKET TRENDS
- APPLICATIONS OF ARTIFICIAL INTELLIGENCE (AI)
- BIG DATA USE AUGMENTS THE DECISION-MAKING CAPABILITIES
- MINIATURE ROBOTS ENHANCE ACCURACY AND REDUCE INVASIVENESS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET CONCENTRATION ANALYSIS
- KEY MARKET TRENDS
MARKET BY PRODUCT & SERVICE
- ROBOTIC SYSTEMS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- INSTRUMENTS & ACCESSORIES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SERVICES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ROBOTIC SYSTEMS
MARKET BY APPLICATION
- GYNECOLOGICAL SURGERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- UROLOGICAL SURGERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- NEUROSURGERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ORTHOPEDIC SURGERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- GENERAL SURGERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER APPLICATIONS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- GYNECOLOGICAL SURGERY
MARKET BY END-USER
- HOSPITALS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- AMBULATORY SURGERY CENTERS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER END-USERS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- HOSPITALS
GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- EUROPE SURGICAL ROBOTICS MARKET DRIVERS
- EUROPE SURGICAL ROBOTICS MARKET CHALLENGES
- KEY PLAYERS IN EUROPE SURGICAL ROBOTICS MARKET
- COUNTRY ANALYSIS
- UNITED KINGDOM
- UNITED KINGDOM SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- GERMANY
- GERMANY SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- FRANCE
- FRANCE SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- ITALY
- ITALY SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- SPAIN
- SPAIN SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- REST OF EUROPE
- REST OF EUROPE SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
- UNITED KINGDOM
- EUROPE
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS
- COMPANY PROFILES
- ETHICON
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ZIMMER BIOMET HOLDINGS INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- SMITH & NEPHEW
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- STRYKER CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ACCURAY INCORPORATED
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- CMR SURGICAL LTD.
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- GLOBUS MEDICAL INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- INTUITIVE SURGICAL INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- MEDTRONIC PLC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ASENSUS SURGICAL INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ETHICON
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – SURGICAL ROBOTICS
TABLE 2: EUROPE SURGICAL ROBOTICS MARKET, BY PRODUCT & SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: EUROPE SURGICAL ROBOTICS MARKET, BY PRODUCT & SERVICE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: EUROPE SURGICAL ROBOTICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: EUROPE SURGICAL ROBOTICS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: EUROPE SURGICAL ROBOTICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: EUROPE SURGICAL ROBOTICS MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE SURGICAL ROBOTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: EUROPE SURGICAL ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: KEY PLAYERS OPERATING IN EUROPE SURGICAL ROBOTICS MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR GERMANY
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: EUROPE SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY PRODUCT & SERVICE, IN 2023
FIGURE 6: EUROPE SURGICAL ROBOTICS MARKET, BY ROBOTIC SYSTEMS, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE SURGICAL ROBOTICS MARKET, BY INSTRUMENTS & ACCESSORIES, 2024-2032 (IN $ MILLION)
FIGURE 8: EUROPE SURGICAL ROBOTICS MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)
FIGURE 9: EUROPE SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 10: EUROPE SURGICAL ROBOTICS MARKET, BY GYNECOLOGICAL SURGERY, 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE SURGICAL ROBOTICS MARKET, BY UROLOGICAL SURGERY, 2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE SURGICAL ROBOTICS MARKET, BY NEUROSURGERY, 2024-2032 (IN $ MILLION)
FIGURE 13: EUROPE SURGICAL ROBOTICS MARKET, BY ORTHOPEDIC SURGERY, 2024-2032 (IN $ MILLION)
FIGURE 14: EUROPE SURGICAL ROBOTICS MARKET, BY GENERAL SURGERY, 2024-2032 (IN $ MILLION)
FIGURE 15: EUROPE SURGICAL ROBOTICS MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 16: EUROPE SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 17: EUROPE SURGICAL ROBOTICS MARKET, BY HOSPITALS, 2024-2032 (IN $ MILLION)
FIGURE 18: EUROPE SURGICAL ROBOTICS MARKET, BY AMBULATORY SURGERY CENTERS, 2024-2032 (IN $ MILLION)
FIGURE 19: EUROPE SURGICAL ROBOTICS MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 20: EUROPE SURGICAL ROBOTICS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 21: UNITED KINGDOM SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 22: GERMANY SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 23: FRANCE SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 24: ITALY SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 25: SPAIN SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 26: REST OF EUROPE SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)
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