According to the research report titled ‘Europe Microsurgery Robot Market Size By End-use, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, Europe microsurgery robot market size is anticipated to surpass USD 540 million by the end of forecast period 2021-2027.
 

As per the findings of the report, escalating demand for robotic-assisted laparo-endoscopic surgeries is projected to drive Europe microsurgery robot market growth in the upcoming years. Technological advancement in surgical field, in particular emergence of minimally invasive surgical procedures that rely on robots, is boosting the industry growth.
 

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Further, surgical robots are witnessing an increased demand as they yield better patient outcomes by enabling 3D-visualization of operating site and improves the magnification, allowing surgeons to increase their precision of operation.
 

In terms of application spectrum, Europe microsurgery robot market is categorized into ophthalmology surgery, neurovascular surgery, urology surgery, reconstructive surgery, ureterorenoscopy, oncology surgery, cardiovascular surgery, ENT surgery, gastrointestinal surgery, micro anastomosis, and others. Among these, urology surgery accounted for significant revenue share and is projected to expand at 14.5% CAGR over the forecast timeframe, attributable to increasing use-cases of prostatectomies procedure due to growing prevalence of prostate cancers in this region.
 

Based on end-use scope, Europe microsurgery robot industry is divided into ambulatory surgical centers, hospitals and clinics, and research institutes among others. Of these, hospitals and clinics segment accounted for over 45% industry share in 2020. Availability of advanced robot facilities in hospitals, along with increasing patients’ visit due to rising prevalence of chronic disorders are fueling the segment growth. Moreover, soaring healthcare expenditure, and rising government funding for improving healthcare infrastructure are enhancing the segmental share.
 

Elaborating on the geographical outlook, Germany is expected to emerge as major contributor to Europe microsurgery robot market remuneration. Industry experts cite that Germany market is slated to register 15.5% CAGR during 2021-2027. Presence of well-established healthcare infrastructure with availability of sophisticated healthcare amenities in hospitals and ambulatory surgical centers, coupled with increasing geriatric population with chronic ailments are impelling the demand for microsurgery robots in the nation. Further, prompt adoption of new technology, and presence of leading players are favoring the business landscape in Germany.
 

Leading companies in Europe microsurgery robot industry sphere are Zimmer Biomet Holdings, Inc., Asensus Surgical, Inc. (formerly TransEnterix Surgical, Inc.), Stryker Corp., Smith & Nephew plc, Medtronic plc, Medrobotics Corp., Cronidus, Inc. (acquired by Siemens Healthineers), Intuitive Surgical, Inc., and Auris Health, Inc.