Intuitive Surgical is a company which develops and manufactures surgical robots, and is the global leader

by Michael Bray

Research Analyst

Group 10Created with Sketch.
Group 11Created with Sketch.
52 Week High-Low
Page 1Created with Sketch.
Net Yield
Group 12Created with Sketch.
Hist / Pros Per
Page 1Created with Sketch.
Equity Market Cap

Intuitive Surgical is a company which develops and manufactures surgical robots, and is the global leader. These however aren’t the fully automated robots that you may be thinking of.

Intuitive’s robotic system – the da Vinci Surgical System - provides assistance to surgeons during surgery, but doesn’t completely replace them. Robotic-assisted surgery helps to make surgical procedures more precise and less invasive. Complex procedures such as heart valve and cancer surgery can be made through 1 cm to 2 cm incisions. This leads to better patient outcomes and lower overall healthcare costs.

In 2018, da Vinci Systems assisted with over one million surgeries. The company estimates there are five million applicable surgeries related to gynaecologic, urologic, cardiothoracic and head/ neck operations which their system could be used for, and that’s just in existing countries where it sells products.

With such an attractive market opportunity, price competition from new competitors is likely to increase. How hospitals weigh the value proposition of Intuitive’s proven technology vs lower priced competing solutions remains to be seen.

Understanding Finance

Helping clients understand what we do is key to building relationships. To explain some of the industry jargon that creeps into our world, we’ve pulled together a section of our site to help.

Also in this issue

Often in the news for the wrong reasons, Facebook is not a company which many would call a success. But from a financial perspective the business has performed incredibly well since its stock market…

Understanding Finance

Businesses that benefit from the network effect are said to see the value of their product or service increase with the number of users. This may sound simple, but it is actually quite uncommon and is…

Barclays Bank has been in the news recently, but not quite for all the right reasons. An American shareholder activist called Ed Bramson has been pushing for the bank to restructure its investment…

Summer Issue Twenty Seven