Intuitive Surgical's Recent Procedure Growth Remarkable but Not Sustainable
Intuitive Surgical's procedure growth in the fourth quarter was largely aligned with previous quarters' robust trends. The 18% procedure growth in the quarter resulted in an overall healthy top-line performance. Intuitive expects a moderating but still very strong uptake in procedures in 2019, above our forecast. While there are some procedures where we are likely to increase our forecast, we are likely to be on the lower end of the firm's 13%-17% growth range guidance. We intend to slightly rai...Intuitive Surgical develops, manufactures, and markets the da Vinci? Surgical System and the Ion? endoluminal system. The systems consist of a surgeon console or consoles, a patient-side cart, a vision system, and proprietary instruments and accessories. The company's technology is designed to provide surgeons with a range of motion analogous to the motions of a human wrist, while filtering out the tremors inherent in a surgeon's hands. The company's primary platform for robotic-assisted surgery is its family of da Vinci Surgical Systems. The da Vinci Surgical System allows surgeons to operate while seated at an ergonomic console viewing a three-dimensional image of the surgical field.
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