According to study, “Europe Medical Robot Market (2018-2023)” the major companies that are currently working in the Europe medical robot market are Think Surgical, Omnicell, Kirby Lester LLC., Rewalk Robotics, MedRobotics, Renishaw plc., Hocoma AG, Trans Enterix Inc., Elekta, Ekso Bionics Holdings Inc., Synaptive Medical, Hansen Medical Inc., Varian, Mazor Robotics Ltd., Accuray Inc., Stryker Corporation, Ossur, Intuitive Surgical Inc.,
Medical robot is used in health science. It contains surgical robots. Medical robots are in mainly telemanipulators, which utilize the surgeon’s measures on one side to manage the “effectors” on the other side. These are classified in many types such as biorobots, surgical robots, telepresence robots, rehabilitation robots, disinfection robots, companion robots and pharmacy automation robots etc. Surgical robots help surgeons in performing difficult surgeries with high accuracy and correctness. Robotics surgery provides wider variety motion with better handiness to the surgeons. Some of the major components of medical robot market are software platform, user interface, power sources, locomotion systems, safety systems and visualization systems etc. Moreover, some of the other benefits are less blood loss, shorter hospital stay, fewer complications, fewer traumas on the body and faster recovery time etc.
Based on the product, the Europe medical robot market is classified in many types such as surgical robot, rehabilitation robot, non-invasive radio surgery robot, instrument robots and other robots. A surgical robot is sub-segmented into laparoscopic surgical robotic systems, orthopedic surgical robotic systems, neurological surgery robotic systems, cardiology surgery robotic systems and steerable robotics etc. Rehabilitation robots are defined by therapeutic robot prosthetic robots, exoskeleton robots, and assistive robots etc. In addition, hospital & pharmacy automation robots include IV robots, telemedicine Robots, telepresence, blood-drawing robots and pharmacy automation robots. Additionally, based on the application, the market is defined by laparoscopy, neurology, orthopedic, and cardiology etc.
The market of Europe medical robot is generally determined by increasing geriatric population. Some of the other driven aspects are growing hospital investments in medical robots, rising awareness about its benefits, increasing prevalence of diseases, complexity of surgical procedures, increasing in funding for medical robots research, development of new technologies advancements, and government regulation and strategies etc. Moreover, some challenges include lack of logistic services, lack of transportation, high cost of treatment etc.
The European Robotic Surgery (EuRoSurge) is a management and support action project, which is funded by the European Commission or EC. The main aim of EuROSurge is developing an abstract integration raised area for Computer and Robot Aided Surgery (CRAS) research and manufacturing.
Europe medical robot market is increased substantially due to various healthcare compensation plans. The Cross Border healthcare is a service, which offers many medial helps (such as delivery of medicines and cost of prescription etc) to the patient in their home country. In addition, many Health Technology Assessment plans are in the region, which establish the value added via a new technology to the region.
The European medical robot market is highly unstable owing to trade dispute between United States (U.S.) & European Union (EU) and Italy & the EU. It is estimated that this market will be reach at USD 1.9 billion, at a CAGR of 6.0%, by 2023.
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Ankur Gupta, Head Marketing & Communications