Market Analysis: Europe Medical Robotic Systems Market

Europe medical robotic systems market is registering a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to benefits of robot-assisted rehabilitation therapy training and technological advancements in the field of robotic system.

Europe Medical Robotic Systems Market By Product (Instruments & Accessories, Robotic Systems), By Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications), Country (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) - Industry Trends and Forecast to 2026

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Market Definition: Europe Medical Robotic Systems Market

Medical robot is a robot that allows surgeons to conduct surgery more precisely. The sector of medical robotics is evolving. A broad range of medical apps have appeared, such as surgical machines, laboratory tools, telesurgery, remote surgery, and teleconsultation machines, rehabilitation machines to assist the blind and the deaf. Medical robots help with surgery and reduce the likelihood of infection. Medical robots are designed to increase the precision of surgeons and decrease the danger of victims.

Market Drivers

·       Benefits of robot-assisted rehabilitation therapy training, is driving the growth of the market

·       Technological advancements in the field of robotic system, is propelling the growth of the market

·       Growth in grants for research into medical robots, boosts the development of the market

·       Public offering of IPOS by medical robotic firms, is contributing to the growth of the market

Market Restraints

·       Safety concerns over robotic surgery devices, is hampering the growth of the market

·       Absence of information about the operations of these robots, is hindering the growth of the market

·       High cost of the robotic surgery devices, is restricting the growth of the market

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Competitive Analysis:

Europe Medical robotic systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical robotic systems market for Europe.

Key Market Competitors:

Few of the major market competitors currently working in the Europe medical robotic systems market are MMI S.p.A., Gogoa.eu, Preceyes BV, ABLE Human Motion, AcouSort AB, Medineering GmbH, Rob Surgical, Robocath, Inc., Advanced Osteotomy Tools - AOT AG, Intuitive Surgical., TransEnterix Surgical, Inc., Medtech SA, Ekso Bionics, Hocoma, ReWalk Robotics, Reha Technology AG, Xenex, CYBERDYNE INC., Varian Medical Systems, Inc., Mazor Robotics among others.

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Research Methodology: Europe Medical Robotic Systems Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others

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Key Developments in the Market:

In October 2018, Medrobotics Corp. has announced the first sale in Europe of its Flex Robotic System for gastroenterology apps. The Hospital A.O. Universitaria Città grande Salute e Della Scienza di Torino will be the first European institution to give Scarfree interventional endoscopic procedures. Patients and physicians will get profit from crystal transparent 3D visualization, modular accuracy, platform stabilization, and possibly lower processing periods.

In September 2018, CMR Surgical Ltd. has launched its fresh Versius portable robotic system, which is expected to challenge the market-leading da Vinci technologies of Intuitive Surgical Inc. inspired by the human arm, the robot will be used in surgeries in Europe. The system has small, versatile robotic arms that replicate the human arm and are regulated by a console surgeon using two joysticks and 3D sight, and more nurses can get profit from minimal-access surgery, including quicker retrieval moments, less pain and decreased likelihood of infection and scarring.

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