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Intuitive Surgical

An American corporation that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System.

Categories

Technology  

#86

Rank

$172.27B

Marketcap

US United States

Country

Intuitive Surgical
Leadership team

John G. Freund (Founder)

Fred Moll (Founder)

Industries

Technology

Products/ Services
da Vinci Surgical System
Number of Employees
1,000 - 20,000
Headquarters
Sunnyvale, California, U.S.
Established
1995
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001035267
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ISRG
Social Media
Overview
Location
Summary

Intuitive Surgical is a medical device company based in California, founded in 1995. The company designs, manufactures and markets robotic-assisted surgical systems and related instruments and accessories, as well as provides related services. 

Intuitive Surgical's da Vinci systems are used in a range of minimally invasive procedures, such as hysterectomies, prostatectomies, and cardiothoracic surgeries. The da Vinci systems are designed to give surgeons a 3D view of the surgical site, providing improved accuracy and a greater range of motion. The company also offers maintenance and training services to support its product line. 

Intuitive Surgical is the market leader in robotic-assisted surgery and its products are used in over 6,000 hospitals worldwide.

History

Intuitive Surgical is a California-based company that designs and manufactures robotic surgical systems, including the da Vinci Surgical System, which is used for minimally invasive surgeries. The company was founded in 1995 by Dr. Frederic Moll, John Freund, and Robert Younge, with the goal of developing surgical robotics technology that would allow for more precise and less invasive surgeries.

The da Vinci Surgical System was first introduced in 1999, and received FDA clearance for general laparoscopic surgery in 2000. The system uses small, robotic arms that are controlled by a surgeon sitting at a console, who can manipulate the instruments with a high degree of precision. The system also includes a high-definition camera, which allows the surgeon to see inside the patient's body in real-time.

The da Vinci Surgical System quickly gained popularity among surgeons, who appreciated its ability to perform complex surgeries with less blood loss, fewer complications, and shorter recovery times. The system is now used in a wide range of surgical procedures, including prostatectomies, gynecological surgeries, and cardiac surgeries.

Intuitive Surgical has experienced rapid growth since its founding, with revenue increasing from $18 million in 2000 to over $4 billion in 2020. The company has also expanded its product line to include a range of surgical instruments and accessories that are used with the da Vinci Surgical System.

Intuitive Surgical has faced some criticism and legal challenges over the years. Some have raised concerns about the safety and effectiveness of the da Vinci Surgical System, while others have questioned the high cost of the technology. In addition, the company has faced lawsuits from patients who experienced complications during da Vinci surgeries.

Despite these challenges, Intuitive Surgical remains a leader in the field of surgical robotics, and the da Vinci Surgical System is considered by many to be the gold standard in minimally invasive surgery. The company continues to invest in research and development, and is working on new technologies that could further improve surgical outcomes and expand the use of robotics in surgery.

Mission

Intuitive Surgical's mission is to "improve the quality of surgery for patients worldwide through innovative, minimally invasive technology."

The company aims to achieve this mission by providing advanced surgical robotics technology, such as the da Vinci Surgical System, that enables surgeons to perform complex surgeries with greater precision and control, resulting in better outcomes for patients.

Intuitive Surgical also aims to provide ongoing support and training to surgeons and healthcare providers to help them effectively use their technology and achieve the best possible results for their patients. The company is committed to continuous innovation and improvement, with a focus on advancing surgical robotics technology and expanding its applications to improve healthcare outcomes globally.

Vision

Intuitive Surgical's vision is to "shape the future of surgery by advancing science, technology, and human performance to improve patient outcomes."

This vision reflects the company's commitment to advancing the field of surgical robotics through ongoing research, innovation, and collaboration with healthcare professionals. Intuitive Surgical aims to continue to improve the quality and accessibility of surgical care worldwide, by providing advanced technology and training that enables surgeons to perform complex procedures with greater accuracy and less invasiveness, resulting in better outcomes for patients.

The company's vision also encompasses a broader goal of advancing the science of surgery, including the development of new surgical techniques, improved understanding of human physiology, and more effective collaboration between surgeons and technology to achieve better outcomes. Overall, Intuitive Surgical's vision is focused on driving progress and innovation in surgical care, with the ultimate goal of improving the health and well-being of patients globally.

Key Team

Frederic H. Moll (Founder)

Robert Younge (Founder)

Amal Johnson (Senior Vice President Quality and Regulatory)

Craig Barratt (Board Member)

Lonnie M. Smith (Chairman)

Myriam Curet (Exec VP/Chief Medical Ofcr)

Alan Levy (Board Member)

Brian Miller (Chief Digital Officer)

Dave Rosa (Exec VP/Chief Business Officer)

Recognition and Awards
Forbes: Most Innovative Companies
Products and Services

Intuitive Surgical's main product is the da Vinci Surgical System, which is a robotic surgical platform that enables surgeons to perform minimally invasive procedures with enhanced precision, control, and visualization.

The da Vinci Surgical System consists of several components, including a surgeon console, patient-side cart, and robotic arms equipped with surgical instruments. The surgeon sits at the console and uses hand and foot controls to manipulate the robotic arms, which are inserted into the patient's body through small incisions. The system also includes a high-definition camera that provides a magnified, 3D view of the surgical site.

The da Vinci Surgical System is used in a wide range of surgical procedures, including prostatectomies, hysterectomies, colorectal surgeries, and cardiothoracic surgeries. It has been shown to result in less blood loss, shorter hospital stays, and faster recovery times compared to traditional open surgery.

In addition to the da Vinci Surgical System, Intuitive Surgical also provides a range of accessories and instruments that are used with the system, as well as training and support services for surgeons and healthcare professionals. The company is committed to ongoing innovation and research, with a focus on advancing surgical robotics technology and expanding its applications to improve patient outcomes globally.

References
Intuitive Surgical
Leadership team

John G. Freund (Founder)

Fred Moll (Founder)

Industries

Technology

Products/ Services
da Vinci Surgical System
Number of Employees
1,000 - 20,000
Headquarters
Sunnyvale, California, U.S.
Established
1995
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001035267
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ISRG
Social Media