Europe Surgical Robots Market Forecast to 2028

Report Code : BMIRE00027536 | Region : Europe | Industry : Medical Device | Published Date : 23/Nov/2022
Europe Surgical Robots Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Instruments & Accessories, Robotic Systems, and Services), Application (Urological Surgery, Orthopedic Surgery, General Surgery, Gynecological Surgery, Cardiothoracic Surgery, Neurosurgery, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)

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.

Expansion and Launch of Innovative Products to Drive Surgical Robots Market during 2022–2028

The surgical robots market players in Europe are focused on launching new products to expand their geographic reach and enhance capacities to cater to a greater than existing customer base. In October 2020, CMR Surgical announced the launch of its Versius Surgical Robotic System at Argenteuil Hospital, a leading public health center based near Paris, France. This announcement follows a competitive tender win for Versius, which has now been selected as a preferred surgical robotic system for minimal access surgery (MAS) by Resah. Resah is one of the largest public purchasing centers in the healthcare sector, which collaborates with more than 700 public and private nonprofit hospitals and medico-social and social centers. The CORI System uses surgeon-controlled robotics, and its modular design will enable it to be scaled across the orthopedic service line. The company is planning to manufacture 100 units of the multi-arm novel ‘Mantra’ surgical robotic system in 2021. Furthermore, the company has already invested ~ ₹ 300 crores and is planning to invest another ₹ 1,000 crores in boosting production. Moreover, according to a study conducted by CRM Surgical, it has been stated that ~6,000–6,500 robotic surgical systems have been installed in the last two decades. The installation is anticipated to surge during the forecast period owing to the growing development and innovations in the medical device industry. All these factors will contribute to the growth of the surgical robots market during the forecast period .

Market Overview

The surgical robots market in Europe is segmented into Germany, the UK, France, Italy, Spain, and the rest of Europe. The growth of the regional market is attributed to rising surgical procedures in Europe due to the increasing geriatric population. The geriatric population can be at a greater risk of prostate cancer, cardiovascular diseases, and orthopaedic-related problems, which increases the demand for surgical robots. Further, Europe is leading in the development of robotic surgery, particularly for lung cancer surgeries. Thus, all these factors contribute to the growth of the surgical robots market in Europe. The increasing application of robotic surgeries in orthopedics drives the market growth in Germany.

Europe Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

Europe Surgical Robots Market Segmentation

The Europe surgical robots market is segmented on the basis of component, application, end user, and country. Based on component, the Europe surgical robots market is segmented into instruments & accessories, robotic systems, and services. The instruments & accessories segment held the largest market share in 2022.

Based on application, the Europe surgical robots market is segmented into urological surgery, orthopedic surgery, general surgery, gynecological surgery, cardiothoracic surgery, neurosurgery, and others. The urological surgery segment held the largest market share in 2022. Based on end user, the Europe surgical robots market is categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. Based on country, the Europe surgical robots market is segmented into Germany, the UK, France, Italy, Spain, and the rest of Europe. Germany dominated the market share in 2022. Intuitive Surgical; Smith+Nephew; Johnson & Johnson Services, Inc.; Stryker; THINK Surgical; Zimmer Biomet; Medtronic; Siemens Healthineers AG; Asensus Surgical, Inc.; and Renishaw plc are among the leading companies operating in the Europe surgical robots market.

The List of Companies - Europe Surgical Robots Market

● Intuitive Surgical

● Smith+Nephew

● Johnson & Johnson Services, Inc.

● Stryker

● Zimmer Biomet

● Medtronic

● Siemens Healthineers AG

● Asensus Surgical, Inc.

● Renishaw plc

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Surgical Robots Market– By Component

1.3.2 Europe Surgical Robots Market– By Application

1.3.3 Europe Surgical Robots Market– By End User

1.3.4 Europe Surgical Robots Market – By Country

2. Europe Surgical Robots Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Surgical Robots Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Europe – PEST Analysis

4.3 Expert Opinion

5. Europe Surgical Robots Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Number of Surgical Procedures

5.2 Market Restraints

5.2.1 High Price of Surgical Procedures and Installation

5.3 Market Opportunities

5.3.1 Developing Adoption of Robots-Assisted Surgery Systems

5.4 Future Trends

5.4.1 Expansion and Launch of Innovative Products

5.5 Impact Analysis

6. Surgical Robots Market – Europe Analysis

6.1 Europe Surgical Robots Market Revenue Forecast and Analysis

7. Europe Surgical Robots Market – by Component

7.1 Overview

7.2 Europe Surgical Robots Market, By Product, 2021 & 2028 (%)

7.3 Instruments & Accessories

7.3.1 Overview

7.3.2 Instruments & Accessories: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)

7.4 Robotic Systems

7.4.1 Overview

7.4.2 Robotic Systems: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)

7.5 Services

7.5.1 Overview

7.5.2 Services: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)

8. Europe Surgical Robots Market – by Application

8.1 Overview

8.2 Europe Surgical Robots Market Share by Application - 2021 & 2028 (%)

8.3 Urological Surgery:

8.3.1 Overview

8.3.2 Urological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.4 Orthopedic Surgery

8.4.1 Overview

8.4.2 Orthopedic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.5 General Surgery

8.5.1 Overview

8.5.2 General Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.6 Gynecological Surgery

8.6.1 Overview

8.6.2 Gynecological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.7 Cardiothoracic Surgery

8.7.1 Overview

8.7.2 Cardiothoracic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.8 Neurosurgery:

8.8.1 Overview

8.8.2 Neurosurgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

8.9 Others

8.9.1 Overview

8.9.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

9. Europe Surgical Robots Market – by End User

9.1 Overview

9.2 Europe Surgical Robots Market Share by Application - 2021 & 2028 (%)

9.3 Hospitals

9.3.1 Overview

9.3.2 Hospitals: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

9.4 Ambulatory Surgical Centres

9.4.1 Overview

9.4.2 Ambulatory Surgical Centres (ASCs): Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)

10. Europe Surgical Robots Market – by Country

10.1 Europe Surgical Robots Market, Revenue and Forecast to 2028

10.1.1 Overview

10.1.2 Europe Surgical Robots Market, Revenue and Forecast to 2028, by Country (%)

10.1.2.1 Germany: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1 Germany: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.2 Germany: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.1.3 Germany: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.1.4 Germany: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

10.1.2.2 UK: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.1 UK: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.2 UK: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.2.3 UK: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.2.4 UK: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

10.1.2.3 France: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.1 France: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.2 France: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.3.3 France: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.3.4 France: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

10.1.2.4 Italy: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.4.1 Italy: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.4.2 Italy: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.4.3 Italy: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.4.4 Italy: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

10.1.2.5 Spain: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.5.1 Spain: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.5.2 Spain: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.5.3 Spain: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.5.4 Spain: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

10.1.2.6 Rest of Europe: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.1 Rest of Europe: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.2 Rest of Europe: Surgical Robots Market, by Components, 2019–2028 (US$ Million)

10.1.2.6.3 Rest of Europe: Surgical Robots Market, by Application, 2019–2028 (US$ Million)

10.1.2.6.4 Rest of Europe: Surgical Robots Market, by End User, 2019–2028 (US$ Million)

11. Surgical Robots Market –Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 Intuitive Surgical

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Smith+Nephew

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Johnson & Johnson Services, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Stryker

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Zimmer Biomet

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Medtronic

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Siemens Healthineers AG

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 THINK Surgical

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Asensus Surgical, Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Renishaw plc

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1. Germany Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 2. Germany Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3. Germany Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 4. UK Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 5. UK Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. UK Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 7. France Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 8. France Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9. France Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 10. Italy: Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 11. Italy Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Italy Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 13. Spain Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 14. Spain Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 15. Spain Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 16. Rest of Europe Surgical Robots Market, by Components – Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of Europe Surgical Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Europe Surgical Robots Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 19. Organic Developments Done By Companies

Table 20. Inorganic Developments Done by Companies

Table 21. Glossary of Terms, Surgical Robots Market

The List of Companies - Europe Surgical Robots Market

● Intuitive Surgical

● Smith+Nephew

● Johnson & Johnson Services, Inc.

● Stryker

● Zimmer Biomet

● Medtronic

● Siemens Healthineers AG

● Asensus Surgical, Inc.

● Renishaw plc

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe surgical robots market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe surgical robots market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe surgical robots market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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