SS Innovations Revolutionizes Robotic Surgery Landscape
SS Innovations Sets New Standards in Robotic Surgery
SS Innovations International, Inc. (OTC: SSII) has embarked on a remarkable journey to reshape the landscape of robotic surgery. With its award-winning SSi Mantra surgical robotic system successfully completing over 3,500 surgeries, the company continues to champion innovation, making advanced surgical technology accessible to more patients worldwide.
Milestones and Achievements in 2024
The year 2024 has been pivotal for SS Innovations as the company successfully secured numerous operational achievements. Dr. Sudhir Srivastava, the Chairman and CEO, has expressed his excitement over the foundation being laid for future growth. "Our team has worked diligently to enhance our robotic surgery capabilities, leading to unprecedented milestones that we are proud to share with our stakeholders,” he stated.
Deployment and Innovation
As of now, SS Innovations has installed an impressive 80 SSi Mantra Robotic Surgical Systems across 75 hospitals and has validated the system for over 100 types of procedures. This innovation is not merely about numbers; it showcases the commitment to safety and effectiveness, with zero device-related mortality reported across all surgeries.
Financial Growth and Projections
The financial trajectory of SS Innovations is equally impressive, with preliminary revenues for 2024 expected to exceed $22 million—a nearly four-fold increase from the previous year. Gross margins have improved significantly, indicating a future ripe for substantial growth as operations become more efficient.
Regional Expansion and Regulatory Approvals
Over the course of 2024, SS Innovations has not only solidified its footprint in markets like India and Nepal but has also begun securing Quality and Regulatory approvals in several countries including Ecuador and the Philippines. The expectation for FDA and CE approvals in the near future creates an encouraging horizon for expanding the global reach of their surgical robotics.
Growth in Global Intellectual Property
In expanding its influence and innovations, SS Innovations has filed 69 patent applications while receiving multiple utility and design patents. This growing intellectual property portfolio underscores the company's commitment to pioneering robotic technology.
Inspiring Surgical Innovations
In a groundbreaking achievement, the company performed the first successful tele-surgery trials with regulatory approval in India. The ability to conduct surgeries remotely is not just a triumph in technology but reflects SS Innovations' commitment to healthcare accessibility.
Education and Training
SS Innovations has made incredible strides in educating healthcare professionals, training over 750 surgeons and more than 1,000 surgical staff to proficiently utilize the SSi Mantra System. This investment in education is crucial as the company prepares for its expanding market.
The Future of Robotic Surgery
The company continues to demonstrate its leadership in robotic surgery, launching initiatives such as the Mobile Tele-Surgical Unit to enhance surgical accessibility. With robust plans for further expansion, SS Innovations is poised to lead the transformation of surgical practices globally.
Frequently Asked Questions
What is the SSi Mantra Surgical Robotic System?
The SSi Mantra is an advanced surgical robotic system designed to make robotic surgeries more affordable and accessible, clinically validated for over 100 procedures.
What milestones has SS Innovations achieved in 2024?
SS Innovations installed 80 robotic systems in hospitals, achieved significant revenue growth, and expanded its intellectual property portfolio with numerous patents.
How many surgeries have been completed with the SSi Mantra?
Over 3,500 surgeries have been completed using the SSi Mantra, demonstrating its reliability and effectiveness in various surgical procedures.
What regulatory approvals is SS Innovations pursuing?
SS Innovations is actively pursuing FDA and CE approvals to expand the availability of its surgical systems in the US and Europe, aiming for approvals by 2025 or 2026.
Where can I learn more about SS Innovations?
For further information, please visit the company's website at ssinnovations.com.
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