Summary[1]

Intuitive Surgical, Inc.
TypePublic
IndustryMedical Appliances & Equipment
Founded1995; 30 years ago (1995)
HeadquartersSunnyvale, California, U.S.
Key people
  • Gary S. Guthart
  • (CEO)
  • Dave Rosa
  • (President)
  • Lonnie M. Smith
  • (Chairman)
Productsda Vinci Surgical System
RevenueIncrease US$6.22 billion (2022)
Decrease US$1.58 billion (2022)
Decrease US$1.32 billion (2022)
Total assetsDecrease US$12.97 billion (2022)
Total equityDecrease US$11.11 billion (2022)
Number of employees
12,120 (December 2022)
Websiteintuitive.com
Footnotes / references
[2]


Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung. It also provides a suite of stapling, energy, and core instrumentation for its surgical systems; progressive learning pathways to support the use of its technology; a complement of services to its customers, including support, installation, repair, and maintenance; and integrated digital capabilities providing unified and connected offerings, streamlining performance for hospitals with program-enhancing insights. The company was incorporated in 1995 and is headquartered in Sunnyvale, California.

Operations

  • Da Vinci
  • Ion
  • Hub
  • My Intuitive

Market

Main Competition

CRM Surgical

CRM Surgical, formerly known as Cambridge Medical Robotics, is a private UK-based medical technology company that specializes in developing the Versius robotic surgical system. Versius is designed to assist surgeons in performing a wide range of laparoscopic procedures with enhanced precision and flexibility. The modular and portable design of the system allows for easy setup and adaptability in various surgical environments. With 3D high-definition visualization, haptic feedback, and versatile instruments, Versius aims to make robotic-assisted surgery more accessible. Recently, the company achieved a significant milestone by raising an impressive $1 billion in funds, leading to a valuation of over $3 billion, reflecting strong investor confidence in its technology and potential for growth in the medical robotics industry. As a private company, CRM Surgical operates independently and is not publicly traded on any stock exchange.[3]

  • Med Robotics
  • Verb Surgical
  • Auris Health
  • Masor Robotics
  • Asensus Surgical

Key Individuals

  • Gary S. Guthart, Ph.D. Chief Executive Officer and Member of the Board of Directors
  • Dave Rosa President  
  • Dr. Myriam J. Curet, M.D., F.A.C.S., Executive Vice President and Chief Medical Officer
  • Jamie Samath, Chief Financial Officer
  • Brian Miller, Ph.D., Executive Vice President and Chief Digital Officer
  • Bob De Santis, Executive Vice President and Chief Strategy and Corporate Operations Officer
  • Gary Loeb, General Counsel and Chief Compliance Officer
  • Kara Andersen Reiter, Intuitive Senior Vice President, Litigation, Privacy, and Employment Law
  • Marshall L. Mohr, Executive Vice President, Global Business Services

Majority Stake Holders

Name Equities % Valuation
The Vanguard Group, Inc. 17,800,947 5.080 % 6 087 M $
T. Rowe Price Associates, Inc. (Investment Management) 11,603,541 3.312 % 3 968 M $
Geode Capital Management LLC 6,117,781 1.746 % 2 092 M $
Fidelity Management & Research Co. LLC 5,913,266 1.688 % 2 022 M $
JPMorgan Investment Management, Inc. 4,528,044 1.292 % 1 548 M $
Capital Research & Management Co. (World Investors) 4,376,155 1.249 % 1 496 M $
AllianceBernstein LP 4,003,505 1.143 % 1 369 M $
Edgewood Management LLC 3,888,946 1.110 % 1 330 M $
Norges Bank Investment Management 3,469,428 0.9901 % 1 186 M $
BlackRock Advisors LLC 3,033,180 0.8656 % 1 037 M $

[4]

Finances

Risks

References and notes