Product Code: BHR1778SS
“The Europe Autonomous Surgical Robotics Market Expected to Reach $2,157.0 Million by 2033.”
Introduction to Europe Autonomous Surgical Robotics Market
The Europe autonomous surgical robotics market was valued at $432.7 million in 2023 and is expected to reach $2,157.0 million by the end of 2033, registering a CAGR of 17.43% during the forecast period 2023-2033. The growth in the market is credited to factors such as improved surgical capabilities in autonomous robotic-assisted surgeries, a rise in minimally invasive procedures, technological advancements in autonomous surgical robotics, and favorable regulatory approvals, enhancing competitiveness in the market.
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2033 |
2023 Evaluation | $432.7 Million |
2033 Forecast | $2,157.0 Million |
CAGR | 17.43% |
Market Introduction
The impact of the autonomous surgical robotics market on the European healthcare industry is significant, with a notable influence on surgical precision and human error reduction. Autonomous surgical robots have led to enhanced surgical outcomes, decreased complications, and shortened patient recovery times in the European market. The technology has positively transformed healthcare services, particularly in minimally invasive surgery, where these robots excel, allowing for smaller incisions and facilitating quick recovery. The trend toward minimally invasive procedures is reshaping surgical practices to be more patient-friendly.
Despite global concerns about a shortage of skilled surgeons, autonomous surgical robots emerge as a solution by assisting and extending surgeons' capabilities, potentially enabling remote surgery. This addresses challenges related to uneven access to surgical expertise and aids underserved regions.
The European autonomous surgical robotics market is poised for robust growth, driven by opportunities for substantial profits, adventurous investments, collaborative industry-academia initiatives, the ascent of advanced robotic technology, and increased adoption of novel surgical applications. Key trends include advancements like next-generation robotic systems.
Market Segmentation:
Segmentation 1: by Product Type
- Robotic Systems
- Consumables
- Services
Segmentation 2: by Country
- U.K.
- France
- Italy
- Germany
- Spain
How can this Report add value to the Organization ?
Growth/Marketing Strategy: To foster growth and success in the autonomous surgical robotics market, a comprehensive marketing strategy is crucial. Establishing strategic partnerships with device manufacturers and obtaining regulatory approvals swiftly will be key for market penetration. Customer-focused marketing that highlights the enhanced patient outcomes and cost-effectiveness of autonomous surgical robotics is essential.
Competitive Strategy: Key players in the Europe autonomous surgical robotics market have been analyzed and profiled in the study, including manufacturers involved in new product launches, acquisitions, expansions, and strategic collaborations. Moreover, a detailed competitive benchmarking of the players operating in the Europe autonomous surgical robotics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Table of Contents
Executive Summary
1. Definitions
- 1.1. Product Definition
- 1.2. Inclusion and Exclusion Criteria
2. Market Scope
- 2.1. Key Questions Answered in this Report
3. Research Methodology
- 3.1. Autonomous Surgical Robotics Market
- 3.2. Data Sources
- 3.2.1. Primary Data Sources
- 3.2.2. Secondary Data Sources
- 3.3. Market Estimation Model
- 3.3.1. Assumptions and Limitations
- 3.3.2. Global Market Scenario
- 3.3.2.1. Realistic Growth Scenario
- 3.3.2.2. Optimistic Scenario
- 3.3.2.3. Pessimistic Scenario
- 3.4. Criteria for Company Profiling
4. Autonomous Surgical Robotics Market: Overview
- 4.1. Overview
- 4.2. Autonomous Surgical Robotics Market Overview (Glimpse into the Future)
- 4.2.1. Europe
- 4.2.2. General Surgery
- 4.2.3. Urology Surgery
- 4.2.4. Orthopedic Surgery
- 4.2.5. Cardiology Surgery
- 4.2.6. Neurosurgery
- 4.2.7. Other Surgeries
- 4.3. Autonomous Surgical Robotics Market Industry Snapshot
- 4.3.1. Product Overview
- 4.3.2. Commercial Landscape by Product Type
- 4.3.2.1. Consumables (Instruments and Disposables)
- 4.3.2.2. Sensors
- 4.3.2.3. Electronic Parts
- 4.3.2.4. Mechanical Components
- 4.3.2.5. Visualization and Documentation
- 4.3.2.6. Accessories and Other Parts
- 4.3.3. Competitive Landscape by Product Suppliers to Original Equipment Manufacturers (OEMs)
- 4.3.3.1. Consumables (Instruments and Disposables)
- 4.3.3.1.1. Elos Medtech AB
- 4.3.3.1.1.1. Overview
- 4.3.3.1.1.2. Product Portfolio
- 4.3.3.1.1.3. Key Customers
- 4.3.3.2. Sensors
- 4.3.3.2.1. TE Connectivity Ltd
- 4.3.3.2.1.1. Overview
- 4.3.3.2.1.2. Product Portfolio
- 4.3.3.2.1.3. Key Customers
- 4.3.3.2.2. Bota Systems AG
- 4.3.3.2.2.1. Overview
- 4.3.3.2.2.2. Product Portfolio
- 4.3.3.2.2.3. Key Customers
- 4.3.3.2.2.4. Key Developments
- 4.3.3.2.3. Strain Measurement Devices
- 4.3.3.2.3.1. Overview
- 4.3.3.2.3.2. Product Portfolio
- 4.3.3.2.3.3. Key Customers
- 4.3.3.2.4. Honeywell International Inc.
- 4.3.3.2.4.1. Overview
- 4.3.3.2.4.2. Product Portfolio
- 4.3.3.2.4.3. Key Customers
- 4.3.3.2.5. HEIDENHAIN
- 4.3.3.2.5.1. Overview
- 4.3.3.2.5.2. Product Portfolio
- 4.3.3.2.5.3. Key Customers
- 4.3.3.2.5.4. Key Developments
- 4.3.3.2.6. Ewellix AB
- 4.3.3.2.6.1. Overview
- 4.3.3.2.6.2. Product Portfolio
- 4.3.3.2.6.3. Key Customers
- 4.3.3.2.6.4. Key Developments
- 4.3.3.3. Visualization and Documentation
- 4.3.3.3.1. Carl Zeiss AG
- 4.3.3.3.1.1. Overview
- 4.3.3.3.1.2. Product Portfolio
- 4.3.3.3.1.3. Key Customers
- 4.3.3.3.2. Feinwerkoptik Zund AG
- 4.3.3.3.2.1. Overview
- 4.3.3.3.2.2. Product Portfolio
- 4.3.3.3.2.3. Key Customers
- 4.3.3.3.3. Lika Electronic Srl
- 4.3.3.3.3.1. Overview
- 4.3.3.3.3.2. Product Portfolio
- 4.3.3.3.3.3. Key Customers
- 4.3.3.3.3.4. Key Developments
- 4.3.4. Key Industrial Developments
- 4.3.4.1. Regulatory and Legal Activities
- 4.3.4.2. Funding Activities
- 4.3.4.3. New Offerings
- 4.3.4.4. Mergers and Acquisitions
- 4.3.4.5. Partnerships, Collaborations, and Business Expansions
- 4.3.5. Macro and Micro Industry Indicators
- 4.3.6. Cost Associated with Autonomous Surgical Robotics Procedures
- 4.3.7. Existing Unmet Needs and Risk Factors Associated with Autonomous Surgical Robotics Procedures
- 4.3.8. Future Potential of Autonomous Surgical Robotics Procedures
5. Autonomous Surgical Robotics Market (by Region)
- 5.1. Europe
- 5.1.1. Market Sizing and Forecast Analysis
- 5.1.1.1. Europe Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.2. Europe Autonomous Surgical Robotics Market (Procedure Volume)
- 5.1.1.3. Europe Autonomous Surgical Robotics Market (by Country)
- 5.1.1.3.1. Germany
- 5.1.1.3.1.1. Market Sizing and Forecast Analysis
- 5.1.1.3.1.1.1. Germany Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.3.1.1.2. Germany Autonomous Surgical Robotics Market (Procedure Volume)
- 5.1.1.3.2. U.K.
- 5.1.1.3.2.1. Market Sizing and Forecast Analysis
- 5.1.1.3.2.1.1. U.K. Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.3.2.1.2. U.K. Autonomous Surgical Robotics Market (Procedure Volume)
- 5.1.1.3.3. France
- 5.1.1.3.3.1. Market Sizing and Forecast Analysis
- 5.1.1.3.3.1.1. France Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.3.3.1.2. France Autonomous Surgical Robotics Market (Procedure Volume)
- 5.1.1.3.4. Italy
- 5.1.1.3.4.1. Market Sizing and Forecast Analysis
- 5.1.1.3.4.1.1. Italy Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.3.4.1.2. Italy Autonomous Surgical Robotics Market (Procedure Volume)
- 5.1.1.3.5. Spain
- 5.1.1.3.5.1. Market Sizing and Forecast Analysis
- 5.1.1.3.5.1.1. Spain Autonomous Surgical Robotics Market (by Product Type)
- 5.1.1.3.5.1.2. Spain Autonomous Surgical Robotics Market (Procedure Volume)
6. Company Profiles
- 6.1. Medtronic plc
- 6.1.1. Company Overview
- 6.1.2. Role of Medtronic plc in the Autonomous Surgical Robotics Market
- 6.1.3. Product Portfolio
- 6.1.4. Financials
- 6.1.5. Business and Commercial Strategy
- 6.1.6. Analyst Perspective
- 6.2. Renishaw plc
- 6.2.1. Company Overview
- 6.2.2. Role of Renishaw plc in the Autonomous Surgical Robotics Market
- 6.2.3. Product Portfolio
- 6.2.4. Financials
- 6.2.5. Business and Commercial Strategy
- 6.2.6. Analyst Perspective
- 6.3. Robocath, Inc.
- 6.3.1. Company Overview
- 6.3.2. Role of Robocath, Inc. in the Autonomous Surgical Robotics Market
- 6.3.3. Product Portfolio
- 6.3.4. Business and Commercial Strategy
- 6.3.5. Analyst Perspective