Vattikuti eyes $135 m business in India by 2020

The Dollar Business Bureau

In order to leverage the potential of robotic surgery in India, Vattikuti Technologies, a distributor of advanced robotic systems, is aimed to achieve $135 million business by 2020 in the country.

The company the only distributor of da Vinci robotic surgical systems in the country, is planning to sell almost 15 to 20 robots every year, worth anywhere between $1.2m to $2 million each.

At present, the company lays emphasis on surgeon training, geographic reach and complete package. It has already trained 190 robotic surgeons across 30 hospitals in the country, that are using da Vinci robotic systems.

Vattikuti Technologies said that it is planning to install 100 da Vinci robotic systems by 2020 as these are in high demand. It has already installed 32 systems in India.

“Even though 4,000 robot-assisted surgeries were performed in 2015, representing a five-fold increase in 5 years, India has not even partaken a fraction of its potential, as the benefit can be passed on to the masses beyond metro locations,” said Raj Vattikuti, US-based Promoter of  Vattikuti Technologies.

 “We are targeting Tier-1 and Tier-2 cities. We already have presence in metros and several big cities,” he said. We will be targeting corporate hospitals, government hospitals, hospitals managed by trusts and Municipal hospitals as well, he added. 

In India, several government hospitals are using da Vinci surgical systems including PGI Chandigarh and the All India Institute of Medical Sciences (AIIMS). In addition, charitable hospitals like Sir Ganga Ram Hospital, Tata Memorial and Rajiv Gandhi Cancer Institute are also using these surgical systems.

“In 2015, more than 6,20,000 surgeries were performed globally, using about 3,600 da Vinci robotic surgical systems,” the company said.