Market Research Report
European Medical Robotics Market 2020-2026
|European Medical Robotics Market 2020-2026|
Published: March 9, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
European Medical Robotics Market Size, Share & Trends Analysis Report by Product (Surgical Robotic Systems, Rehabilitative Robotic Systems, Noninvasive Radiosurgery Robots, Hospital & Pharmacy Robotic Systems, and Others) and Forecast 2020-2026
European medical robotics market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the increasing governments focus on the integration of advanced technologies in the healthcare infrastructure, driven by the rising geriatric population and high prevalence rate of chronic diseases in the region. Moreover, the rising patient preference for non-invasive or minimally-invasive surgical procedures in the region is further contributing significant share to the market growth. European medical robotics market is analyzed on the basis of revenue captured by all types of robotic systems. Based on products, the market is segmented into surgical robotic systems, rehabilitative robotic systems, noninvasive radiosurgery robots, hospital & pharmacy robotic systems, and others. Among these products, the surgical robotic system is contributing significantly to the medical robotics market growth. This growth is backed by the rising trend for minimally invasive surgeries and rising spending by hospitals towards the automation of the healthcare infrastructure.
Geographically, European medical robotics market is segmented into Germany, UK, France, Italy, Spain, and rest of Europe. Germany contributed the significant share in the European medical robotics market, owing to the rising government funding on the R&D of advanced technologies for the improvement of the healthcare infrastructure. UK and France have a developed healthcare sector providing a stable platform for the growth of the medical robotics market in the respective countries. Apart from the major European countries, Switzerland, the Netherlands, Denmark, Norway Ireland, Hungary, and Belgium are some other countries of Europe that are providing a significant contribution to the growth of the medical robotics market.
European medical robotics market is influenced by product development and advancements conducted by the market players. The key players of the medical robotics market include Intuitive Surgical, Inc., Medtronic PLC, Stryker Corp., Auris Health, Inc., CMR Surgical Ltd., and TransEnterix Surgical, Inc. These players are playing a significant role in the growth of the medical robotics market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
The market study of the European medical robotics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report covers:
Extensive profiles and recent developments of market players.