The Indian market for surgical robotics is anticipated to grow at a CAGR of 20% and the global market at 12% between 2017 and 2025 as per BIS Research.
The overall global market size is expected to reach a cumulative value of $12.6 billion by 2025, while the Indian market is expected to grow from $64.9 million in 2016 to $349.3 million by 2025 as per BIS Research.
Factors that are expected to fuel the demand for surgical robotic systems are 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. The growth is likely to be further propelled by substantial funding provided by various governmental organizations to perform research & development (R&D) activities in next generation surgical robotic systems.
The robotic surgery systems, then, will be capable of functioning at greater distances between surgeons’ control console and the patient. This will allow the robotic surgery to be conducted with the patients in a nearby clean room devoid of any human contact or interference, thus reducing or eliminating the chances of intraoperative infection. Advancements in making robotic surgery systems more capable of replicating the tactile feel and sensation, which a surgeon experiences during the more invasive traditional procedures, would enable the surgeons gain the precision and advantages of minimally invasive procedures. This can be done without losing the sensory information which is helpful in making the correct judgment during the robotic surgery.
Abdul Wahid, Lead Analyst, BIS Research said, “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. Among all the surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2016 and is anticipated to reach 1,123 installation units in 2025, growing at the CAGR of 8%. Furthermore, the market for da Vinci surgical system by value accounted for the highest market share in 2016 and is expected to grow at the CAGR of 10.9% during the forecast period, 2017-2025.”