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. 

Innovative Products Propel Europe Surgical Robots Market Growth (2022–2028)

The Europe Surgical Robots Market is experiencing significant growth, primarily driven by the launch of innovative products and the strategic expansion efforts of key players. Companies are focused on broadening their geographical reach and enhancing their capacity to serve a larger customer base.

For example, in October 2020, CMR Surgical launched its Versius Surgical Robotic System at Argenteuil Hospital near Paris, France. This followed a competitive tender win where Versius was selected as the preferred surgical robotic system for minimal access surgery (MAS) by Resah, one of Europe's largest public purchasing centers for healthcare.

Another notable innovation is the CORI System, which utilizes surgeon-controlled robotics and a modular design, allowing for scalability across orthopedic services. Additionally, there's significant investment in manufacturing: one company plans to produce 100 units of the multi-arm 'Mantra' surgical robotic system in 2021, having already invested approximately ₹300 crores and committing an additional ₹1,000 crores to boost production.

According to a study by CRM Surgical, around 6,000–6,500 robotic surgical systems have been installed globally over the past two decades. This number is projected to surge during the forecast period due to ongoing advancements and innovations in the medical device industry. These factors are all expected to fuel the growth of the surgical robots market.

Market Overview

The Europe Surgical Robots Market is segmented to include Germany, the UK, France, Italy, Spain, and the rest of Europe. The market's expansion is largely attributed to the increasing number of surgical procedures performed across the continent. This rise is linked to Europe's growing geriatric population, who are at higher risk for conditions such as prostate cancer, cardiovascular diseases, and orthopedic problems, thereby increasing the demand for surgical robots.

Furthermore, Europe is a leader in developing robotic surgery techniques, especially for lung cancer procedures. These combined factors contribute significantly to the growth of the European surgical robots market. In Germany, specifically, the increasing application of robotic surgeries in orthopedics is a key driver of market growth.

The Europe surgical robots market segmentation in 2022 was as follows:

Europe Surgical Robots Market By Component:

• Instruments & Accessories: Held the largest market share.
• Robotic Systems
• Services

Europe Surgical Robots Market By Application:

• Urological Surgery: Held the largest market share.
• Orthopedic Surgery
• General Surgery
• Gynecological Surgery
• Cardiothoracic Surgery
• Neurosurgery
• Others

Europe Surgical Robots Market By End User:

• Hospitals: Held the largest market share.
• Ambulatory Surgical Centers
• Others

Europe Surgical Robots Market By Country:

• Germany: Dominated the market share.
• The UK
• France
• Italy
• Spain
• Rest of Europe

Leading Companies Operating in the Europe Surgical Robots Market:

• Intuitive Surgical
• Smith+Nephew
• Johnson & Johnson Services, Inc.
• Stryker
• THINK Surgical
• Zimmer Biomet
• Medtronic
• Siemens Healthineers AG
• Asensus Surgical, Inc.
• Renishaw plc

Europe Surgical Robots Market Strategic Insights

Strategic insights for the Europe Surgical Robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Surgical Robots Market Regional Insights

The geographic scope of the Europe Surgical Robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights