Europe Autonomous Surgical Robotics Market: Analysis and Forecast, 2023 -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.
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.
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- 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 Zünd 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
- List of Figures
- Figure 1: Haptics Improve Surgeons’ Acceptability of Surgical Robotics
- Figure 2: Autonomous Surgical Robotics Market, $Billion, 2022-2033
- Figure 3: Surgical Specialists Shortfall and Volume of Surgeries, U.S.
- Figure 4: Autonomous Surgical Robotics Market (by Product Type), $Billion, 2022 and 2033
- Figure 5: Autonomous Surgical Robotics Market (by Region), $ Million, 2022-2033
- Figure 6: Strategic Initiatives, 2017-2023
- Figure 7: Autonomous Surgical Robotics Market: Research Methodology
- Figure 8: Primary Research Methodology
- Figure 9: Autonomous Surgical Robotics Market Research Process
- Figure 10: Autonomous Surgical Robotics Market Size and Growth Potential (Realistic Scenario), $Billion, 2022-2033
- Figure 11: Autonomous Surgical Robotics Market Size and Growth Potential (Optimistic Scenario), $Billion, 2022-2033
- Figure 12: Autonomous Surgical Robotics Market Size and Growth Potential (Pessimistic Scenario), $Billion, 2022-2033
- Figure 13: Autonomous Surgical Robotics Market, $Billion, 2022-2033
- Figure 14: Autonomous Surgical Robotics Procedures, Region, 2022 and 2033
- Figure 15: Europe: Glimpse into the Future
- Figure 16: Elos Medtech AB: Company Overview
- Figure 17: Elos Medtech AB: Product Portfolio
- Figure 18: TE Connectivity Ltd: Company Overview
- Figure 19: TE Connectivity Ltd: Product Portfolio
- Figure 20: Bota Systems AG: Company Overview
- Figure 21: Bota Systems AG: Product Portfolio
- Figure 22: Strain Measurement Devices: Company Overview
- Figure 23: Strain Measurement Devices: Product Portfolio
- Figure 24: Honeywell International Inc.: Company Overview
- Figure 25: Honeywell International Inc.: Product Portfolio
- Figure 26: HEIDENHAIN: Company Overview
- Figure 27: HEIDENHAIN: Product Portfolio
- Figure 28: Ewellix AB: Company Overview
- Figure 29: Ewellix AB: Product Portfolio
- Figure 30: Carl Zeiss AG: Company Overview
- Figure 31: Carl Zeiss AG: Product Portfolio
- Figure 32: Feinwerkoptik Zünd AG: Company Overview
- Figure 33: Feinwerkoptik Zünd AG: Product Portfolio
- Figure 34: Lika Electronic Srl: Company Overview
- Figure 35: Lika Electronic Srl: Product Portfolio
- Figure 36: Share of Key Developments and Strategies, January 2017-September 2023
- Figure 37: Regulatory and Legal Activities, January 2017-September 2023
- Figure 38: Funding Activities, January 2017-September 2023
- Figure 39: New Offerings, January 2017-September 2023
- Figure 40: Mergers and Acquisitions, January 2017-September 2023
- Figure 41: Partnerships, Alliances, and Business Expansions, January 2017-September 2023
- Figure 42: Market Attractiveness Based on Key Industry Indicators
- Figure 43: Macro Industry Indicators for Autonomous Surgical Robotics Market
- Figure 44: Micro Industry Indicators for the Autonomous Surgical Robotics Market
- Figure 45: Key Cost Considerations: Autonomous Surgical Robotics Procedure
- Figure 46: Existing Unmet Needs
- Figure 47: Existing Risk Factors
- Figure 48: Future Potential
- Figure 49: Autonomous Surgical Robotics Market, (by Region), % Share, 2022 and 2033
- Figure 50: Europe Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 51: Europe Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 52: Europe Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 53: Germany Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 54: Germany Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 55: Germany Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 56: U.K. Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 57: U.K. Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 58: U.K. Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 59: France Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 60: France Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 61: France Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 62: Italy Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 63: Italy Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 64: Italy Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 65: Spain Autonomous Surgical Robotics Market, $Million, 2022-2033
- Figure 66: Spain Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
- Figure 67: Spain Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
- Figure 68: Medtronic plc: Overall Product Portfolio
- Figure 69: Medtronic plc: Overall Financials, $Million, 2020-2022
- Figure 70: Medtronic plc: Revenue (by Segment), $Million, 2020-2022
- Figure 71: Medtronic plc: Revenue (by Region), $Million, 2020-2022
- Figure 72: Medtronic plc: R&D Expenditure, $Million, 2020-2022
- Figure 73: Renishaw plc: Overall Product Portfolio
- Figure 74: Renishaw plc: Overall Financials, $Million, 2020-2022
- Figure 75: Renishaw plc: Revenue (by Segment), $Million, 2020-2022
- Figure 76: Renishaw plc: Revenue (by Region), $Million, 2020-2022
- Figure 77: Renishaw plc: R&D Expenditure, $Million, 2020-2022
- Figure 78: Robocath, Inc.: Overall Product Portfolio
- List of Tables
- Table 1: Autonomous Surgical Robotics Market: Impact Analysis
- Table 2: Key Questioned Answered in the Report
- Table 3: Autonomous Surgical Robotics Market: Product Overview
- Table 4: Cost Comparison, Robotic vs. Laparoscopic Inguinal Hernia Repair
- Table 5: Europe Autonomous Surgical Robotics Market, Impact Analysis
- Table 6: Renishaw plc: Key Products and Features
- Table 7: Robocath, Inc.: Key Products and Features
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