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Indian market for surgical robots to grow 20%: Report

IANS  |  New Delhi 

With a rise in amid an ever-increasing elderly population, the market for surgical robotics in is anticipated to grow at a (CAGR) of 20 per cent, a report by global market intelligence firm 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 and miniature robotics and technological advancements in the field of medical surgeries, are some of the factors that are fuelling the demand for

"With the advent of technologically-advanced surgical robotic systems, the global market is expected to grow substantially to help confront the of people with gynaecological, urological, orthopaedics, neurological, and orthopaedic disorders," Abdul Wahid, at BIS Research, said in a statement.

"The market for 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 systems are gradually attaining the next generation level of medical robotics, removing human contact during the may be considered as the next level, the report said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 23 2018. 19:22 IST
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