Rising incidence of colorectal cancer, neurological disorders, interventional cardiology disorders, and gynaecological diseases, growing geriatric population have helped in the establishment of the surgical robotics market, and has garnered active participation of the government and the industry players for the adoption of surgical robotics, which in turn have boosted the overall growth of the market. According to the market intelligence report by BIS Research titled, ’Global Surgical Robotics Market- Analysis and Forecast (2017-2025)’, the market is anticipated to reach $12.60 billion by the year 2025, registering a CAGR of 11.4% during the forecast period 2017-2025. This tremendous growth is attributed to the rising demands of minimally invasive surgeries, increasing rate of chronic diseases, general awareness regarding computer aided surgeries, rising disposable income, and introduction of technologically advanced systems, such as SurgiBot, Modus V, and Single Port Orifice Robotic Technology (SPORT), among others.
IT technology has advanced rapidly in the last few decades and healthcare industry has benefitted from it in many ways. The enhanced computing power, faster networks, and cheaper storage systems have revolutionized the medical imaging system in the last few years. The advancements in medical imaging technology provide ease of use and flexibility to the doctors to analyze and interpret the images easily. The medical imaging technology has focussed on developing the computerized medical imaging analysis in the last few years. According to the latest report titled ‘Global Medical Image Analytics Market - Analysis and Forecast (2017-2025)', in all the processes of clinical diagnosis and intervention, medical image analysis plays a vital role in various applications within these processes.