Look for Alphabet’s (GOOGL) Google to soon disclose more plans in its medical robotics partnership with Johnson & Johnson (JNJ), which eventually could pressure Intuitive Surgical’s (ISRG) stock. Shares of Sunnyvale, Calif.-based Intuitive Surgical, the leading maker of medical robotics systems, are down nearly 4% in 2015.
U.S. surgeons predict a big increase in robot-assisted surgeries over the next five years, especially for colorectal and hernia procedures, according to a survey by RBC Capital Markets. About 15% of surgeries today involve the use of robots, and the figure could hit 35% in five years and 41% in 10 years, the survey indicates. Most surgeons are quite satisfied with the market-leading da Vinci robots from Intuitive Surgical (ISRG), making it
Intuitive Surgical’s (ISRG) stock jumped Wednesday after the company said Q2 shipments of its da Vinci surgical system rose 10% in Q2 from Q1 amid higher-than-expected growth in robotic surgery procedures. Intuitive was up nearly 15% in afternoon trading in the stock market today, at a more than three-month high near 450. The Sunnyvale, Calif-based company late Tuesday reported Q2 earnings. Intuitive said it shipped 96 of its da Vinci surgical