Fierce Biotech January 10, 2024
Despite concerns about ongoing challenges in the healthcare sector and potential declines in the number of patients undergoing certain procedures, Intuitive Surgical had a year to remember.
In tandem with continued increases in the number of its robotic surgery systems installed around the world, the company saw the number of procedures performed with its flagship da Vinci technology soar, too: up 26% year-over-year in the first quarter of 2023, 22% in the second, 19% in the third and, according to preliminary results published this week, 21% in the fourth quarter.
Altogether, that comes out to an average of 22% growth for the whole year compared to 2022. That’s well above the forecasts Intuitive set at the start of 2023—when it...
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