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23 January 2018
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| Surgical Robots(The Total Investment & Insurance Solutions) |
With
a rise in chronic diseases amid an ever-increasing elderly
population, the market for surgical robotics in India is anticipated
to grow at a Compound Annual Growth Rate (CAGR) of 20 per cent,
a report by global market intelligence firm BIS Research said on
Tuesday.
The
report, titled "Global Surgical Robotics Market-Analysis and Forecast,
2017-2025", said the Indian market is expected to grow from $64.9 million
in 2016 to $349.3 million by 2025.
On
the other hand, the overall global market size is expected to reach 12 per cent
with a cumulative value of $12.6 billion by 2025.
The
rising incidence rate of chronic diseases, increasing geriatric population,
growing demand of minimally invasive surgeries and miniature
robotics and technological advancements in the field of medical surgeries, are
some of the factors that are fuelling the demand for surgical robotic
systems.
"With
the advent of technologically-advanced surgical robotic systems, the global
market is expected to grow substantially to help healthcare
professionals confront the surgeries of people with gynaecological,
urological, orthopaedics, neurological, and orthopaedic disorders," Abdul
Wahid, Lead Analyst at BIS Research, said in a statement.
"The
market for surgical systems by value is expected to grow at the CAGR
of 12.3 per cent during the forecast period, 2017-2025," Wahid added.
Furthermore,
funding provided by various governmental organisations to perform research and
development activities is also likely to push the growth.
While the current
robotic surgery systems are gradually attaining the next generation
level of medical robotics, removing human contact during
the surgery may be considered as the next level, the report said.The Total Investment & Insurance
Solutions
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