 "robots, artificial intelligence, AI, machine learning, technology")
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.
A new marketing intelligence report by
