Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Meril Innovates MISSO: Cuts Knee Surgery Costs

- Advertisement -

Meril Lifesciences introduces MISSO, a revolutionary surgical robotics system for knee replacements that not only slashes costs by 66% but also promises to reshape the healthcare industry. Crafted entirely in India, this innovative system, with its AI-enhanced pre-operative planning efficiency of 83%, is set to redefine the standards of surgical precision and patient care.

Meril Lifesciences, a medicine technology company, launches MISSO, a surgical robotics system for knee replacements. By designing, engineering, and manufacturing in India, MISSO achieves a 66% cost reduction. Its compact design is ideal for smaller hospital operating rooms in Tier II and III cities. Its AI integration reduces pre-operative planning time by 83%, creating personalized plans based on the patient’s bone structure.

With a strategic plan to deploy over 1,000 units in the next three years, starting with 200 units manufactured at its Vapi facility in the first year, Meril Lifesciences is poised for significant growth. The orthopaedic segment, currently a Rs 1,000 crore business for Meril, is projected to reach Rs 1,500 crore. This expansion into the medical vertical, which sees a turnover of around Rs 3,500 crore annually, underscores Meril’s commitment to innovation and market leadership.

- Advertisement -

In addition to knee replacements, Meril is developing applications for hip, shoulder, and ankle replacements and advancements in arthroscopy, spinal surgery, and trauma surgeries through software enhancements.

Manish Deshmukh, head of marketing at Meril, emphasizes that the launch of the MISSO knee replacement robot is a testament to the collective efforts of the company and its stakeholders. With MISSO, India aims for self-reliance in robotic surgery, a goal that is only achievable with the support and collaboration of medical professionals, hospital administrators, investors, and individuals interested in advancements in medical technology.

Meril Lifesciences is on a mission to democratize robotic surgery in India. By significantly reducing equipment costs, from Rs 3.35 lakh in smaller hospitals to Rs 5.5-6 lakh in larger ones, Meril aims to make robotic surgery more accessible, particularly in Tier II and III cities. This commitment to affordability and accessibility is a testament to Meril’s dedication to improving healthcare for all.

Meril, a part of the Bilakhia Group headquartered in Gujarat, is known for its commitment to quality and innovation. Following regulatory approvals, Meril intends to export its advanced MISSO knee replacement robot to US and European markets, a move that underscores the company’s confidence in the product’s performance and safety. This expansion into international markets is a testament to Meril’s dedication to leveraging its medical technology and innovation expertise to address global healthcare needs.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Roboshuttles, Autonomous Buses Revenue To Surpass $67 Billion By 2044

0
Experiencing gradual growth and slow adoption, the autonomous buses and roboshuttles global market may cross $67 billion after the next twenty years with a...

Global Smartphone Market Up 6.5% YoY in Q2 2024

0
Boosted by better consumer confidence and positive economic factors, reports say that the global smartphone sell-through volumes increased by more than 6% YoY in...

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Buzz

MyPickup Secures INR 1.5 Crore In Seed Funding From Inflection Point Ventures

0
This funding will fuel the development of advanced scheduling algorithms, a user-friendly mobile app, and brand enhancement. Inflection Point Ventures, backing over 200 startups...

Roadcast & AMU Partner To Simplify And Secure EV Leasing

0
By incorporating GPS technology into the 3W e-rickshaws that AMU leases, the company can forecast and pinpoint non-performing assets and likely defaulters. Additionally, the...

Sparsh CCTV Invests $3 Billion To Boost Manufacturing

0
Sparsh CCTV invested $3 billion to enhance production capacity, aligning with 'Make in India' for surveillance equipment, focusing on scaling operations in Kashipur. Sparsh CCTV ...

Important Sectors

MyPickup Secures INR 1.5 Crore In Seed Funding From Inflection Point Ventures

0
This funding will fuel the development of advanced scheduling algorithms, a user-friendly mobile app, and brand enhancement. Inflection Point Ventures, backing over 200 startups...

Roadcast & AMU Partner To Simplify And Secure EV Leasing

0
By incorporating GPS technology into the 3W e-rickshaws that AMU leases, the company can forecast and pinpoint non-performing assets and likely defaulters. Additionally, the...

Sparsh CCTV Invests $3 Billion To Boost Manufacturing

0
Sparsh CCTV invested $3 billion to enhance production capacity, aligning with 'Make in India' for surveillance equipment, focusing on scaling operations in Kashipur. Sparsh CCTV ...

JinkoSolar Partners With Saudi Arabia To Manufacture Solar Cells

0
To establish a new solar cell manufacturing unit in the Middle East, JinkoSolar has joined hands with the PIF and Vision Industries of Saudi...

IREDA Announces $2.9 Billion Investment, To Boost Renewable Energy Infrastructure

0
IREDA announced a $2.9 billion investment in a  900 MW hydroelectric power project in Nepal, expanding renewable energy infrastructure and fostering international collaboration. On Tuesday,...

Manufacturing

Sparsh CCTV Invests $3 Billion To Boost Manufacturing

0
Sparsh CCTV invested $3 billion to enhance production capacity, aligning with 'Make in India' for surveillance equipment, focusing on scaling operations in Kashipur. Sparsh CCTV ...

Cooper Standard Launches Ecoflow For Electric Vehicles

0
This scalable fluid control technology, which can be used across various powertrains, is particularly effective for managing the intricate glycol thermal needs of fully...

Economic Ties Strengthens Between Taiwan And India

0
According to the trade body Chairman, James Huang, Taiwanese firms relocate supply chains from China to India, boosting India’s manufacturing and bilateral trade. As global...

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...