Intuitive Surgical Inc. (ISRG): Still a Winner Over Rivals

Stocks of Intuitive Surgical Inc. (NASDAQ: ISRG), a manufacturer of robotic surgery systems, have fallen about 10% since the beginning of the year. However, since last week ISRG stock starts moving upward. It is encouraging to see the healthcare sector gradually recovering and returning to normal operations.


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Market forecasts by Fortune Business Insights for robotic surgical equipment predict that the equipment market will reach nearly $ 6.9 billion in 2026, up from about $ 1.5 billion in 2018. Intuitive Surgical may have the largest market share with its da Vinci system, as they already hold roughly 80 % of the market. For general, reproductive, urological, and other procedures, surgeons utilize the flagship Intuitive Surgical System every 30 seconds. Although Intuitive Surgical faced difficulties selling equipment and supplies during the coronavirus pandemic, Intuitive Surgical (ISRG)has since recovered its footing. Health centers concentrated on the battle against the coronavirus and drastically reduced the number of procedures carried out. The Intuitive Surgical Inc.’s revenue dropped by almost 3% in the past year. The ISRG stock installed 936 systems in the last year, following 1,119 in the prior year.

With the beginning of mass vaccinations, a process of restoring health care’s normal functioning became possible. However, full recovery will take several months, according to Intuitive Surgical. Nonetheless, the Intuitive Surgical Inc. will likely see modest sales growth and fewer robotic surgical equipment deployments throughout the next decade.

Nevertheless, it is worthwhile to note that Intuitive Surgical has a competitive edge as regulatory agencies in the US and Europe demand more information to approve new surgical devices. Therefore, Intuitive Surgical will continue to grow its market share, even as competitors cannot enter the market. Additionally, profitability is expected to improve as the healthcare industry continues to recover.

Shares of Intuitive Surgical Inc. (ISRG) decreased by -1.15% in the most recent trading session, to close at $726.63. The recent session witnessed an exchange of 0.42 million shares, with an average volume of 597.73K shares. To assess the current and prospective stock value, the 52-week high and low points are important variables. Shares of Intuitive Surgical Inc. (ISRG) are falling -12.12% from 52-week highs and rising by 101.56% from 52-week lows.

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