Intuitive Surgical Inc.'s business segment revolves around providing innovative instruments and accessories for robotic-assisted surgeries, primarily through the da Vinci Surgical System. The company's advanced technology has revolutionized surgical procedures, enabling surgeons to perform minimally invasive operations with precision and control. While the United States remains its largest market, Intuitive Surgical has successfully expanded its operations into international markets, catering to the growing demand for robotic-assisted surgeries globally. As the company continues to advance its technology and expand its global footprint, its single business segment and geographical revenue distribution will play a crucial role in shaping its future growth and maintaining its position as a leader in robotic-assisted surgical solutions.
Ticker | Entry | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
ISRG | revenue recognized | 0.380B | 0.351B | 0.282B | 0.00 |
ISRG | operating lease, lease income, statement of income or comprehensive income [extensible enumeration]::operating lease revenue | 0.377B | 0.277B | 0.177B | 0.107B |
ISRG | remaining performance obligations::transaction price allocated to remaining performance obligations | 0.00 | 0.00 | 0.000B | 0.000B |
ISRG | revenue, remaining performance obligation, expected timing of satisfaction, start date [axis]: 2023-01-01::transaction price allocated to remaining performance obligations | 1.860B | 1.860B | 0.00 | 0.00 |
ISRG | sales-type lease, lease income, statement of income or comprehensive income [extensible enumeration]::sales-type lease revenue | 0.156B | 0.220B | 0.154B | 0.082B |
ISRG | variable lease revenue, usage-based arrangements::operating lease revenue | 0.133B | 0.078B | 0.028B | 0.00 |
United States: The United States represents the largest market for Intuitive Surgical Inc., generating a substantial portion of the company's revenue. The da Vinci Surgical System is widely adopted by hospitals and surgical centers across the country, and the United States remains a hub for medical innovation and robotic-assisted surgeries. Intuitive Surgical has a strong presence in the U.S. market, collaborating with healthcare providers to advance surgical procedures and improve patient outcomes. International Markets: Intuitive Surgical Inc. has successfully expanded its operations into international markets, contributing to its overall revenue growth. The company serves customers in various countries, including Canada, European countries such as Germany, France, and the United Kingdom, as well as Asia-Pacific countries like Japan, South Korea, and Australia. The adoption of robotic-assisted surgeries is increasing globally, and Intuitive Surgical's advanced technology has found widespread acceptance in international markets. Global Expansion Efforts: Intuitive Surgical Inc. continues to focus on global expansion efforts, aiming to tap into emerging markets and increase its market share worldwide. The company recognizes the growing demand for minimally invasive surgical solutions and is actively working to establish a presence in regions such as Latin America, the Middle East, and Africa. By partnering with healthcare providers and offering training and support programs, Intuitive Surgical aims to bring the benefits of robotic-assisted surgery to patients in these regions.
Ticker | Entry | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
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ISRG | instruments and accessories::total revenue | 4.276B | 3.517B | 3.100B | 2.455B | 2.408B | 1.962B | 1.636B | 1.395B |
ISRG | ous | instruments and accessories::total revenue | 1.216B | 1.010B | 0.875B | 0.670B | 0.617B | 0.476B | 0.373B | 0.318B |
ISRG | ous | services::total revenue | 0.405B | 0.340B | 0.313B | 0.241B | 0.216B | 0.179B | 0.154B | 0.133B |
ISRG | ous | systems::total revenue | 0.814B | 0.714B | 0.668B | 0.483B | 0.515B | 0.434B | 0.324B | 0.298B |
ISRG | ous::total revenue | 2.435B | 2.064B | 1.856B | 1.395B | 1.349B | 1.090B | 0.852B | 0.750B |
ISRG | product::total revenue | 0.00 | 5.198B | 4.793B | 3.634B | 0.00 | 0.00 | 0.00 | 0.00 |
ISRG | services::total revenue | 1.167B | 1.024B | 0.916B | 0.723B | 0.724B | 0.635B | 0.572B | 0.510B |
ISRG | systems::total revenue | 1.679B | 1.680B | 1.693B | 1.178B | 1.346B | 1.127B | 0.928B | 0.800B |
ISRG | total::revenue | 7.124B | 6.222B | 5.710B | 4.358B | 4.479B | 3.724B | 3.138B | 2.707B |
ISRG | u.s. | instruments and accessories::total revenue | 3.059B | 2.507B | 2.225B | 1.785B | 1.790B | 1.485B | 1.263B | 1.077B |
ISRG | u.s. | services::total revenue | 0.763B | 0.684B | 0.603B | 0.482B | 0.508B | 0.456B | 0.419B | 0.377B |
ISRG | u.s. | systems::total revenue | 0.865B | 0.966B | 1.024B | 0.695B | 0.830B | 0.692B | 0.603B | 0.501B |
ISRG | u.s.::total revenue | 4.688B | 4.157B | 3.853B | 2.962B | 3.129B | 2.633B | 2.285B | 1.956B |
Intuitive Surgical Inc. is a pioneer in the field of robotic-assisted surgery, revolutionizing the way surgical procedures are conducted. With its flagship da Vinci Surgical System, the company has transformed the healthcare industry by providing surgeons with advanced robotic tools for minimally invasive surgeries. along with long term historical data.