2. Intuitive Surgical, Inc. (NASDAQ:ISRG)
Number of Hedge Fund Holdings: 82
Market Capitalization as of January 31: $203.96 Billion
Enterprise Value: $199.95 Billion
Intuitive Surgical, Inc. (NASDAQ:ISRG) is a pioneer in robotic-assisted surgery and is best known for its da Vinci Surgical System. The company generates revenue through the sale of surgical robots, instrument replacements, and maintenance services. Intuitive Surgical, Inc.’s (NASDAQ:ISRG) robotic systems enable minimally invasive procedures across various medical fields, including urology, gynecology, and general surgery.
Intuitive Surgical, Inc. (NASDAQ:ISRG) is focusing on the full launch of da Vinci 5, its fifth-generation multi-port platform. The company has already placed 362 da Vinci 5 systems in 2024, with over 2,500 surgeons performing more than 32,000 procedures. The da Vinci 5 offers a wide range of clinical indications and has been used for over 40 different procedure types.
Intuitive Surgical, Inc. (NASDAQ:ISRG) plans to roll out hardware and software upgrades to enhance the digital features supported by a 10,000-time increase in computing power. These upgrades will focus on improving surgical precision, ergonomics, and data analytics by providing surgeons with a more comprehensive surgical experience. The company is also working on securing regional clearances and expanding the platform’s availability globally, which will drive adoption and increase market penetration.
Intuitive Surgical, Inc. (NASDAQ:ISRG) is also focused on building industrial scale and optimizing its manufacturing processes. The company is opening new facilities for da Vinci 5 and Ion system manufacturing in California and new endoscope manufacturing facilities in Germany and Bulgaria. These expansions will enhance production capacity, improve product margins, and reduce costs. Intuitive Surgical, Inc. (NASDAQ:ISRG) is also transferring mature products to facilities in Peachtree Corners, Georgia, and Mexicali, Mexico, to further optimize its manufacturing footprint.
