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Intuitive Surgical, Inc.

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Intuitive Surgical, Inc. - Healthcare showcase

Year Founded & Workforce

1995

5,000 Employees

Industry

Healthcare

Services

Surgical Robots
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Intuitive Surgical, Inc. Overview

Company Headquarters: California, US

Founded:1995

Workforce:~1001-5000

Company Working: Intuitive Surgical, Inc. (Intuitive Surgical) discovers, develops, manufactures, and sells the da Vinci surgical system, the most preferred surgical robots by healthcare professionals. The company is a leader in minimally invasive robotic-assisted surgery technology. The da Vinci surgical systems and advanced instruments offer 3D vision, dexterity, and precision to minimally invasive surgery. The company has its presence in the US, Japan, South Korea, and some European countries, among others.

Strategy

Intuitive Surgical focuses on developing robotic products which are designed to improve patient outcomes through minimally invasive surgery. The company’s da Vinci surgical system is changing the overall surgical scenario for patients around the world.

Company Snapshot

$2,706.5M

Revenue

5,000

Employees

1995

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Good track record of product innovation
  • Strong distribution network
  • Highly skilled workforce

Weaknesses

  • Limited investment in technologies
  • Poor product demand

Opportunities

  • Engaging in product launches
  • International expansion

Threats

  • Rising raw material cost
  • Intense competition

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Key Developments

DateApproachDevelopment
February 2019Product ApprovalIntuitive Surgical received FDA approval for its ion endoluminal system, which is used for minimally invasive biopsy in the peripheral lung.
May 2017Product ApprovalIntuitive Surgical received FDA approval for new da Vinci X Surgical System which provides lower-cost, robotic-assisted surgical options.

Product Offering

  • Intuitive Surgical, Inc.
    • Surgical Robots

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 2,706.5 Mn in 2016 to USD 3,724.2 Mn in 2018.
Intuitive Surgical, Inc. — By Business Segment
Series (USD Mn)201620172018
Sales2,706.53,138.23,724.2
R&D Expenditure239.6328.6418.1

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