As per the report, the size of the Medical Robots Market in Europe is expected to grow at a CAGR of 20.47% and reach USD 5.50 billion in 2026 from USD 2.17 billion in 2021.
The Medical Robots market is supposed to show evident potential in the forecast period. The market has continued to gain momentum with the increase in technological advancements in the field of pharma and healthcare, which helps the doctors in treating patients with problems that can’t be treated as effectively by a human surgeon. Thus, more companies have been showing interest in this market recently.
Medical Robots are the robots used for the purpose of medical sciences. There are different types of medical robots which include surgical robots and others. These robots assist in carrying out the task with greater precision than an unaided human surgeon and even provide the option of remote surgery in cases of unavailability of the human surgeons.
The technological advancements in the field of healthcare have been one of the most important factors driving the European Medical Robots market. Apart from this, other factors fuelling the growth of the market include Issuance of Ipos by Medical Robots companies, increase in funding for Medical Robots research, growing hospital investments in Medical Robots and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy.
Besides these, there are some restraints and challenges faced by the market as well. The major ones are concerns over Robotic Surgery Devices and the high cost of Robotic Systems with unjustified cost benefits of Robotic Surgery.
This research report has been segmented & sub-segmented into the following categories:
On the basis of Application, the neurology segment is predicted to have the highest CAGR but Laparoscopy is still expected to dominate the market share.
Companies playing a dominating role in the European Medical Robots Market include Intuitive Surgical Inc., Hocoma AG, Hansen Medical Inc, Mazor Robotics Ltd, Accuray Incorporated, Arxium, Stryker Corporation, EKSO Bionics Holdings Inc., Omnicell Inc., Kirby Lester LLC.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Surgical Robots
220.127.116.11 Laparoscopy Robotic Systems
18.104.22.168 Orthopaedic Robotic Systems
22.214.171.124 Neurosurgical Robotic Systems
126.96.36.199 Steerable Robotic Systems
5.1.3 Rehabilitation Robotic Systems
188.8.131.52 Therapeutic Robotic Systems
184.108.40.206 Assisstive Robotic Systems
220.127.116.11 Prosthetic Robotic Systems
18.104.22.168 Orthotic Robotic Systems
22.214.171.124 Exoskeleton Robotic Systems
5.1.4 Non-Invasive Radiosurgery Robotic Sytems
5.1.5 Hospital & Pharmacy Robotic Systems
126.96.36.199 Pharmacy Robotic Systems
188.8.131.52 IV Robotic Systems
184.108.40.206 Tekemedicine Robots
5.1.6 other Robotic Systems
5.1.7 Y-o-Y Growth Analysis, By Product
5.1.8 Market Attractiveness Analysis, By Product
5.1.9 Market Share Analysis, By Product
5.2.5 Special Education
5.2.6 Other Applications
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Application
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Application
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Application
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Intuitive Surgical Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Stryker Corporation
8.3 Hocoma AG
8.4 Mazor Robotics Ltd.
8.5 Hansen Medical Inc.
8.6 Accuray Incorporated
8.7 Omnicell Inc.
8.9 EKSO Bionics Holdings Inc.
8.10 Kirby Lester LLC
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures