Is ISRG Stock a Buy?

Is ISRG Stock a Buy?

Company Bio

Intuitive Surgical, Inc has its headquarter in Sunnyvale, CA. The company is one of the leading medical instruments and supplies businesses in the US. You should know that Intuitive Surgical (ISRG) shares are listed on the NASDAQ in US Dollars.

The company employs 8,081 people and is most notable for its popular da Vinci Surgical System. As of December 31, 2019, the company had an installed base of more than 5,500 da Vinci Surgical Systems.

Medical Robotics and da Vinci Surgical System

Medical Robotics and da Vinci Surgical System
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Did you know that Intuitive Surgical has a market capitalization of $102.34 billion and, together with its various subsidiaries, designs, develops, and markets the well-known da Vinci surgical system? The company also makes and manufactures related medical instruments and accessories in the US and internationally.

Note that the surgical system features a surgeon’s console, 3-D vision system, patient-side cart, da Vinci Skills Simulator as well as Firefly Fluorescence Imaging. The company also manufactures various EndoWrist instruments. Some of them are scissors, forceps, electrocautery tools, and scalpels.

Also, Intuitive Surgical sells various accessories comprising effective sterile drapes that ensure a sterile field during surgery.

Robust Growth in the Medical Instruments and Supplies Industry

Robust Growth in the Medical Instruments and Supplies Industry
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The medical instrument and supply manufacturing industry mainly researches, designs, and develops medical, surgical, and dental instruments and apparatus, like anesthesia apparatus, syringes, and blood transfusion equipment.

The industry will likely grow in the next few years. This anticipated growth is mainly driven by the ever-increasing prevalence of various chronic diseases and illnesses across the globe, such as the coronavirus, increasing corporate and government investments in healthcare projects and infrastructure development.

Did you know that the US medical instruments and supplies industry has an average forecast revenue growth rate of about 10.56%? Also, the market size of this industry is expected to increase by 3.5% in 2021.

Intuitive Surgical: Well-poised for Growth

Intuitive Surgical Well poised for Growth
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The price of ISRG stock could increase in the future because of several reasons, such as the increasing adoption of da Vinci Surgical System, robust recurring revenue base and a strong international presence. As a potential investor, you will be happy to know that ISRG's first quarter was great, mainly because of the company's fantastic growth prospects. Moreover, margins remain phenomenal, and this has led the company to accumulate more cash.

Keep in mind that Intuitive Surgical’s da Vinci surgical system is impressive and it continues to gain from this system, in turn bolstering overall performance. As patients are currently on a backlog because COVID-19 is slowing down hospital activities, including diagnoses, growth for the company should remain resilient, especially in the medium term.

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