Report : Europe Micro-Surgical Robot Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Instruments and Accessories), Application (Urology Surgery, Plastic Reconstructive Surgery, Ophthalmic Surgery, Neurosurgery, Lymphatic Surgery, ENT Surgery, and Other), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Institutes, and Others)
At 11.2% CAGR, the Europe Micro-Surgical Robot Market is speculated to be worth US$ 779.69 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe micro-surgical robot market was valued at US$ 371.71 million in 2022 and is expected to reach US$ 779.69 million by 2028, registering an annual growth rate of 11.2% from 2022 to 2028. Rising popularity of minimally invasive surgical procedures and benefits of robotic surgeries in terms of accuracy, repeatability, control, and efficiency.
Scientists are developing miniature robots called micro swimmers that can operate on different body parts, depending on their shapes. These nanomachines could essentially patrol the circulatory system of the human body. They could swim through a person’s blood vessels to deliver medicine to a cancerous tumor. Moreover, they unclog an artery to prevent a heart attack or even perform delicate vision-saving surgery inside the eye. The robot could also make microscopic repairs in the blood vessels of the eye. They could be used to detect specific chemicals or toxins and give early warnings of organ failure or tissue rejection. Another potential function may include taking biometric measurements to monitor a person’s general health. A gel-like material is used to build a soft microrobot. By altering the gel’s temperature, the robot can be made short and stumpy or long and needle-like. They have developed the first fully autonomous, DNA robotic system for a precise drug design and targeted cancer therapy. Such continuous developments in the field of micro swimmers are likely to support the growth of the micro-surgical robot market during the projected period. This is expected to drive the market during the forecast period.
On the contrary, high cost of micro-surgical robots hurdles the growth of Europe micro-surgical robot market.
Based on component type, the Europe micro-surgical robot market is divided into instruments and accessories. The instruments micro-surgical robot segment held 64.7% market share in 2022, amassing US$ 240.64 million. It is projected to garner US$ 512.93 million by 2028 to expand at 11.4% CAGR during 2022–2028.
Based on application type, the Europe micro-surgical robot market is categorized into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and other. The urology surgery segment held 27.6% market share in 2022, amassing US$ 102.70 million. It is projected to garner US$ 249.70 million by 2028 to expand at 13.5% CAGR during 2022–2028.
Based on end user, the Europe micro-surgical robot market is categorized into hospitals and clinics, ambulatory surgical centers, research institutes, and others. The hospitals and clinics segment held 49.3% market share in 2022, amassing US$ 183.12 million. It is projected to garner US$ 399.55 million by 2028 to expand at 13.5% CAGR during 2022–2028.
Based on country, the Europe micro-surgical robot market has been categorized into the Germany, UK, France, Italy, Spain, and Rest of Europe. Our regional analysis states that Germany captured 24.5% market share in 2022. It was assessed at US$ 91.12 million in 2022 and is likely to hit US$ 198.01 million by 2028, exhibiting a CAGR of 11.7% during the forecast period.
Key players dominating the Europe micro-surgical robot market are MMI SPA; Microsure B.V; Stryker Corporation; Intuitive Surgical; Medtronic; Ethicon (Johnson & Johnson Services, Inc.); Asensus Surgical, Inc.; and Zimmer Biomet among others.
- In July 2021, Medical Micro Instrument Announces First Commercial Installation of the Symani Surgical System.
- In Oct 2021, Medtronic Hugo Robotic-Assisted Surgery System Receives European CE Mark Approval.
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