European medical robotics market is projected to grow at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market for medical robotics in European is projected to grow at a high rate during the forecast period, backed by the continuous rise in the investment by the government organizations and investors for the development of technologically advanced solutions for the healthcare system of the country. This is further backed by the huge approvals for the new products, including medical robots for hospitals and clinics.
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Increasing approvals for new instruments in the area is also encouraging the adoption of minimally invasive surgical instruments in the region. For instance, in April 2018, FlexDex gained CE mark approval in Europe for its innovative surgical technology. It is a part of the company’s minimally invasive surgery (MIS) technology platform and the revolutionary innovation that offers robotic precision during surgical procedures at significantly lower cost. The goal of the company is to widely enhance and promote the use of laparoscopic devices in the region. This platform will enable surgeons to use robotic method at anytime and anywhere in the world, which in turn providing the MIS to more patients globally.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Product
- Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
- Key Companies Profiled- Accuray Inc., Intuitive Surgical, Inc., Medtronic PLC, Omnicell, Inc., Stryker Corp., and TransEnterix Surgical, Inc.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/country dominates the market in base year?
- Which segment/ country will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
- Recovery Timeline
- Deviation from pre-COVID
- Most affected segment/ country
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Medical Robotics Market – Segmentation
By Product
- Surgical Robotic Systems
- Rehabilitative Robotic Systems
- Noninvasive Radiosurgery Robots
- Hospital & Pharmacy Robotic Systems
- Others (Neuromate surgical system)
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