• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Transporting Treatment: An Examination of Tubing Technologies

    Outward Appearance: Reviewing Surface Treatment Options

    Face to (Virtual) Face: Telemedicine Now and Post-Pandemic

    Voices for Medtech: AdvaMed and MDMA Leaders Share Thoughts

    Digitize Your QMS via an Enterprise Cloud Platform
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Top News
    ZOLL Buys Sleep Apnea Device Maker Respicardia

    Digital Diabetes Management Market Projected to Reach $54 Billion by 2027

    EyeYon Medical Raises $25 Million in Series C Funding

    Survey: Remote Patient Monitoring to Match or Surpass In-Patient Within Five Years

    CMS Establishes New Payment for Pelvalon’s Eclipse System
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Transporting Treatment: An Examination of Tubing Technologies

    Outward Appearance: Reviewing Surface Treatment Options

    Face to (Virtual) Face: Telemedicine Now and Post-Pandemic

    Voices for Medtech: AdvaMed and MDMA Leaders Share Thoughts

    Digitize Your QMS via an Enterprise Cloud Platform
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Home Is Where the Heart (Valve) Is

    CGM: Digital Health Meets a Very Large Opportunity

    Biomechanical Engineer, Heal Thyself

    Optimizing MIM in Medical Device Manufacturing

    PPE and Diagnostics: Sourcing Domestically and Speeding Time to Market
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Spectrum Plastics Group

    Qosina Corp.

    Unicep

    Medbio LLC

    PTI Engineered Plastics Inc.
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    Three Future Trends and Opportunities in Quality Assurance

    Adopting a Data-Driven Quality Model

    Digital Transformation for Quality and Manufacturing

    Digging into the Cardiac Arrhythmia Monitoring Device Market

    EMS Providers Supplying More Than Electronics to Customers
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    MW Life Sciences

    Unicep

    Qosina Corp.

    Creganna Medical, part of TE Connectivity

    K-Tube Technologies
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • Podcasts
    • Resources
    • eBook
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Top30

    24. Intuitive Surgical

    ...

    24. Intuitive Surgical
    Related CONTENT
    • Medtech Matters: Medtronic's Robotic Surgery Status
    • Summit Medical, Practico Solutions Develop Tracking Module for Robotic Instrument Reprocessing
    • Top 30 Global Medical Device Companies
    • The 2018 Top 30 Global Medical Device Companies
    • 2. Johnson & Johnson
    07.26.18
    $3.1 Billion

    KEY EXECUTIVES:
    Gary S. Guthart, Ph.D., President and CEO
    Lonnie M. Smith, Chairman of the Board of Directors
    Marshall L. Mohr, Exec. VP and CFO
    Salvatore J. Brogna, Exec. VP and COO
    Myriam J. Curet, M.D., Exec. VP and Chief Medical Officer
    Dave J. Rosa. Exec. VP and Chief Commercial Officer
    Bob DeSantis, Sr. VP, Instruments and Accessories
    Brian Miller, Ph.D., Sr. VP, Systems and Vision
    Colin Morales, Sr. VP, Secondary Market Equipment and Service

    NO. OF EMPLOYEES:  4,444

    GLOBAL HEADQUARTERS: Sunnyvale, Calif.

    Intuitive essentially cornered the surgical robot market since launching the first iteration of its da Vinci system back in 2000. Recently, however, some competition has emerged in a young surgical robotic company named TransEnterix. Last October, the N.C.-based firm won FDA clearance for the Senhance Surgical System. Cleared for colorectal and gynecological surgery, it is the first system to compete head-to-head with da Vinci. Further, TransEnterix’s stock surged upward upon the announcement, while Intuitive’s shares fell slightly as investors fretted over impending competition.

    Should Intuitive worry about the tiny contender? Senhance and da Vinci are comparable—both enable surgeons to conduct high-precision surgeries by operating robotic arms from workstations near the patient, and both target similar procedures.

    Unlike da Vinci, however, Senhance features haptic feedback—da Vinci systems instead incorporate a form of tactile-visual sensory substitution to display information through visual cues. Senhance can recreate the sense of touch felt by surgeons using traditional surgical instruments. Further, surgeons using Senhance can control the robotic arm-mounted camera by moving the eyes and head, and Senhance’s instruments are reusable. Hospitals would presumably not have to stock up on as many replacement instruments and accessories as with a da Vinci system.

    However, despite Senhance’s landmark FDA clearance and some alluring features, TransEnterix will have a tough battle to win against Intuitive. The company hasn’t made much progress in the global markets where da Vinci has already won approval, selling merely one unit in Germany and one in Japan in the first half of 2017. Assuaging some Intuitive fears, TransEnterix CEO Todd Pope said the company had “a lot of ground to cover” to compete directly with da Vinci in an interview with Reuters.

    “We feel like we have got a lot of open field running ahead of us,” he said. “We are not going to be competing head-on with Intuitive.”

    Analysts do not expect TransEnterix to chase the urological or prostate indications that Intuitive specializes in. Rather, Pope said the company would seek to convert delicate laparoscopic surgery, which is significantly wearing on surgeons, over to Senhance.

    Intuitive should instead be worrying about Medtronic’s entry into the market. The global medical device giant’s revenue is 10 times that of Intuitive, and Medtronic plans to roll out its own surgical robot at some point this year. Although the global firm could face similar challenges to TransEnterix in gaining market entry, its size and stability as well as long-term relationships with hospitals could allow it to take at least some market share from Intuitive over time. Johnson & Johnson has also been teasing the public about entering the surgical robotics field by way of Verb Surgical, its long-heralded joint venture with Verily Life Sciences.


    ANALYST INSIGHTS: Intuitive Surgical continues to benefit from being a ‘first-mover’ in surgical robotics. While many others (J&J, Google, Medtronic, etc.) are investing and trying to ‘catch up,’ Intuitive continues to simply execute and to increase its hospital ‘footprint.’ This will make it more difficult for the follow-on competitors to penetrate into their market share. Time to market is currently an advantage for this incumbent.

    —Dave Sheppard, Co-Founder and Principal, MedWorld Advisors



    Intuitive’s 2017 fiscal year performance (year ended Dec. 31) ought to ease some of that apprehension, however. Shares of the company reached an all-time high last April after the da Vinci surgery robot maker reported first-quarter earnings and sales that beat analyst estimates—$5.09 of earnings on sales of $674 million for that quarter—which topped Thomson Reuters estimates of $4.93 on sales of $669.7 million. According to CNBC, Intuitive shipped 133 of its da Vinci systems during the first quarter, compared to 110 delivered in Q1 of 2016.

    Intuitive was able to sustain that impressive pace for the full year. The firm posted 2017 revenue of $3.1 billion, soaring nearly 15 percent upward over the previous year. This year’s surge in sales is a continuation of a very profitable trend for Intuitive. The company had also posted double digit revenue expansion in 2016, rising 13 percent from the year prior.

    In fact, nearly every facet of Intuitive’s business boasted double-digit hikes in 2017. Instruments and accessories revenue grew 17 percent to $1.6 billion, systems sales escalated 15 percent to $910 million, and services income upturned 13 percent to reach $582 million. Much of this windfall was a result of a 16 percent boost in the use of da Vinci systems and a 13 percent rise in the installed system base—from 3,919 to 4,409 by the year’s end. da Vinci sales outside the United States also ballooned a whopping 23 percent from the previous year.

    Gynecology proved to be Intuitive’s largest U.S. specialty in 2017, with about 252,000 procedures performed. General surgery applications followed not far behind with approximately 246,000 operations, most of which were ventral or inguinal hernia repair procedures. da Vinci’s use in colorectal procedures in 2017 grew as well, thanks to 2016’s launch of the da Vinci Xi system, EndoWrist Stapler and Vessel Sealer, and Integrated Table Motion.

    The latest in Intuitive’s surgical robot iterations, the da Vinci X Surgical System, also won CE mark approval last April, and the FDA cleared it for use last May. da Vinci X uses the same vision cart and surgeon console found on the flagship da Vinci Xi system, and allows users to customize with whichever advanced capabilities and upgrade pathways their practice requires. The new surgical robot enables focused-quadrant procedures like prostatectomy, hernia repair, and benign hysterectomy, touting flexible port placement and 3D digital optics. da Vinci X’s setup technology also features voice and laser guidance, drape design to simplify surgical preparations, and a lightweight, fully integrated endoscope.

    “The da Vinci X System is a value-oriented option for hospitals that are just starting their robotic-assisted surgical program and for our existing customers who want to expand their existing robotics programs,” said Henry Charlton, Intuitive’s senior vice president of U.S. sales. “As customers’ needs grow, the da Vinci X System can grow with them. The da Vinci X System enables our customers to take immediate advantage of Intuitive’s full ecosystem of support and services.”

    Last November, results from the first clinical study of the company’s flexible robotics platform were published in the journal CHEST. The 30-patient study was conducted at Royal Brisbane and Women’s Hospital in Australia, in procedures where the platform was used safely to take lung tissue samples for biopsy. In the study, most of the target lung nodules were less than two centimeters in diameter.

    The robotic-assisted, catheter-based technology is intended to access hard-to-reach areas of the body through natural openings like the mouth. When used in the lungs, it may be able to make early lung cancer diagnoses. The CHEST study also indicated no device-related adverse events, instances of pneumothorax, or excessive bleeding.

    “I was able to reach nodules in the peripheral lung that I wouldn’t have been able to reach before,” said David Fielding, M.D., thoracic physician and principal investigator in the study. “The robotic-assisted technology in sampling facilitates diagnosis at a stage in which most patients wouldn’t yet know that they have cancer. Early diagnosis should allow us to start care plans for patients earlier and offer curative treatments.”
    Related Searches
    • germany
    • endowrist
    • time to market
    • clinical study
    Suggested For You
    Medtech Matters: Medtronic Medtech Matters: Medtronic's Robotic Surgery Status
    Summit Medical, Practico Solutions Develop Tracking Module for Robotic Instrument Reprocessing Summit Medical, Practico Solutions Develop Tracking Module for Robotic Instrument Reprocessing
    Top 30 Global Medical Device Companies Top 30 Global Medical Device Companies
    The 2018 Top 30 Global Medical Device Companies The 2018 Top 30 Global Medical Device Companies
    2. Johnson & Johnson 2. Johnson & Johnson
    4. Siemens Healthineers 4. Siemens Healthineers
    8. Stryker Corp. 8. Stryker Corp.
    10. Baxter International 10. Baxter International
    13. Danaher Corp. 13. Danaher Corp.
    18. 3M Health Care 18. 3M Health Care
    28. Getinge 28. Getinge
    28. Hill-Rom Holdings Inc. 28. Hill-Rom Holdings Inc.
    Stoking the Corner Office Compensation Controversy Stoking the Corner Office Compensation Controversy
    CeQur Acquires J&J CeQur Acquires J&J's Calibra Insulin Delivery Patch
    TransEnterix Announces FDA Clearance for Expanded Indications for Senhance Surgical System TransEnterix Announces FDA Clearance for Expanded Indications for Senhance Surgical System

    Related Top30

    • The 2020 Top 30 Global Medical Device Companies

      The 2020 Top 30 Global Medical Device Companies

      Leadership changes, divestments, and portfolio-building partnerships—through acquisition or collaboration—were common threads among medtech’s largest players.
      MPO Editors 07.21.20

    • The 2019 Top 30 Global Medical Device Companies

      The 2019 Top 30 Global Medical Device Companies

      ...
      Sean Fenske, Michael Barbella, & Sam Brusco, MPO Editorial Staff 07.30.19

    • 1. Medtronic

      1. Medtronic

      ...
      07.30.19


    • 2. Johnson & Johnson

      2. Johnson & Johnson

      ...
      07.30.19

    • 3. GE Healthcare

      3. GE Healthcare

      ...
      07.30.19

    • 4. Abbott

      4. Abbott

      ...
      07.30.19


    • 5. Philips

      5. Philips

      ...
      07.30.19

    • 6. BD

      6. BD

      ...
      07.30.19

    • 7. Cardinal Health

      7. Cardinal Health

      ...
      07.30.19


    • 7. Siemens Healthineers

      7. Siemens Healthineers

      ...
      07.30.19

    • 9. Stryker

      9. Stryker

      ...
      07.30.19

    • 10. Baxter

      10. Baxter

      ...
      07.30.19


    • 11. Boston Scientific

      11. Boston Scientific

      ...
      07.30.19

    • 12. Danaher

      12. Danaher

      ...
      07.30.19

    • 13. EssilorLuxottica

      13. EssilorLuxottica

      ...
      07.30.19


    Trending
    • 5 Ways Plastics Revolutionized The Healthcare Industry
    • Portable, Home-Use Device Quickly Measures Inflammation Levels
    • Face Mask Filters 98 Percent Of COVID-19 Particles
    • Cheetah Medical Introduces Noninvasive Monitoring System
    • Top 10 Trends In The Medical Device And Equipment Industry
    Breaking News
    • ZOLL Buys Sleep Apnea Device Maker Respicardia
    • Digital Diabetes Management Market Projected to Reach $54 Billion by 2027
    • EyeYon Medical Raises $25 Million in Series C Funding
    • Survey: Remote Patient Monitoring to Match or Surpass In-Patient Within Five Years
    • CMS Establishes New Payment for Pelvalon’s Eclipse System
    View Breaking News >
    CURRENT ISSUE

    April 2021

    • Transporting Treatment: An Examination of Tubing Technologies
    • Face to (Virtual) Face: Telemedicine Now and Post-Pandemic
    • Outward Appearance: Reviewing Surface Treatment Options
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Kyowa Hakko Launches Heat-Treated Probiotic Strain for Eye Health
    CGA-7 Green Coffee Extract by Vidya Herbs Achieves Self-Affirmed GRAS Status
    Nutritional Complex Evidenced to Reduce Preterm Birth
    Coatings World

    Latest Breaking News From Coatings World

    BCF's Tom Bowtell Voted VP of World Coatings Council
    Chromaflo Technologies to Sponsor, Exhibit at North American Pultrusion Conference 2021
    EU Innovation Fund Evaluating Perstorp-created Project AIR
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    ZOLL Buys Sleep Apnea Device Maker Respicardia
    Digital Diabetes Management Market Projected to Reach $54 Billion by 2027
    EyeYon Medical Raises $25 Million in Series C Funding
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Lonza Expands PyroTec PRO for Endotoxin Testing
    FDA Accepts Airway Therapeutics’ IND for COVID Treatment
    Sanofi Invests in Cutting Edge Vax Production Site in Singapore
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    China Builds ‘Beauty and Healthcare Industrial Park’ in Guangzhou
    Edition Spéciale by Luxe Pack is Postponed
    Alexandra Trower Announces Retirement from The Estée Lauder Companies
    Happi

    Latest Breaking News From Happi

    Elemis London Arrives at Bloomingdale’s
    Courtin-Clarins Family Invests in Pai Skincare
    Estée Lauder EVP-Communications To Retire
    Ink World

    Latest Breaking News From Ink World

    SE-DA Invests in Kornit Presto S
    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    Iron Oxide Pigments Market to Register 4.7% CAGR from 2021 to 2028: GVR
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Dantex elevates Joseph Sanchez to digital business development manager
    Mactac's Kevin Clunie joins TLMI panel
    MacDermid announces two new global sales roles
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    NXTNano Adding Three Lines
    Honest Company Plans IPO
    Asia Wipes Summit Held Successfully in Shanghai
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    SynerFuse, Cirtec Medical Partner to Develop Back Pain Management Device
    New Biosealant Could Stabilize Cartilage, Boost Healing After Injury
    Google Executive Joins SeaSpine's Board of Directors
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    NREL: 10 Teams Emerge Victorious in Round 4 of American-Made Solar Prize
    Tive Multi-sensor Tracker Solo 5G Relies on Sensirion SHT33
    VTT in 2020: Successful Year Despite Globally Challenging Times

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login