Intuitive Surgical Inc. (ISRG)
Intuitive Surgical Inc. is a pioneer in robotic-assisted minimally invasive surgery. Founded in 1995, the company is best known for its da Vinci Surgical System, which enhances surgeons' capabilities during complex procedures across various medical fields. Intuitive Surgical's technology aims to improve patient outcomes, reduce trauma, and shorten recovery times. Its devices are widely used in hospitals and surgical centers globally.
Company News
Intuitive Surgical, a leader in robotic surgery, has strong long-term growth potential despite recent stock dips. The company's Da Vinci surgical robot system dominates the market, with 10,400+ installations worldwide and projected market growth to $38 billion by 2034.
The global general surgery devices market is projected to grow from $22 million in 2024 to $35 million by 2032, driven by increasing surgical procedures, technological advancements, and rising demand for minimally invasive surgeries.
Intuitive Surgical, a medical robotics company, is positioned to benefit from current healthcare market challenges through strategic international expansion, a new usage-based leasing model, and technological innovations in surgical equipment.
Restore Robotics received FDA clearance to remanufacture Intuitive Surgical's da Vinci Xi Monopolar Scissors. However, analysts believe the impact on Intuitive Surgical will be limited, as reprocessing is not new and the company allows the use of FDA-cleared third-party instruments.
Intuitive Surgical is a leading innovator in robotic-assisted surgery with its da Vinci Surgical System. The company benefits from an aging population and a solid competitive moat, making it a strong buy recommendation.
