Automation boom: India's surgical robotics market to grow 5 times by 2025

The domestic surgical robotics industry is estimated to grow at a 20% CAGR to be worth $350 million in 7 years

robots, artificial intelligence, AI, machine learning, technology

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T E NarasimhanGireesh Babu Chennai
With automation swiftly picking up as a trend across sectors, India’s surgical robotics market is estimated to expand at a compound annual growth rate (CAGR) of 20 per cent between 2017 and 2025 to hit the size of $350 million, compared with $64.9 million in 2016.

Among some of the key triggers for this growth will be the increasing incidence rate of chronic diseases, a rise in geriatric population, and more demand of advanced technologies, including minimally invasive surgeries and miniature robotics. Further, there is likely to be a substantial push coming in the form of funding from various governmental organisations for research & development (R&D) activities in the next-generation surgical robotic systems.

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First Published: Jan 27 2018 | 11:12 PM IST

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