Profile: Intuitive Surgical Inc (ISRG.OQ)

ISRG.OQ on NASDAQ Stock Exchange Global Select Market

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31 Aug 2015
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Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and vision system. The da Vinci Surgical System translates a surgeon’s natural hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. Its da Vinci Surgery utilizes computational, robotic and imaging technologies. The Company focuses on five surgical specialties: urologic surgery, gynecologic surgery, general surgery, cardiothoracic surgery, and head and neck surgery.

The da Vinci Surgical System enables surgeons to avail the services of MIS to many patients, who would otherwise undergo a more invasive surgery. The Company’s systems provide Immersive 3-D Visualization, Precise and Tremor-Free Endoscope Control, Intuitive Instrument Movements, EndoWrist Instruments, Scaled, Tremor Filtered Instrument Movement, Improved Surgeon Ergonomics, Multi-Specialty Surgical Platform and Advanced Training Tools.

da Vinci Surgical System

The Company has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System, the da Vinci Si Surgical System, the da Vinci S Surgical System and the standard da Vinci Surgical System. da Vinci Surgical Systems consists of surgeon's console, patient-side cart, 3-D vision system, da vinci skills simulator, firefly fluorescence imaging and standard da vinci system.

The da Vinci Surgical System allows surgeons to operate while seated at an ergonomic console viewing a 3-D image of the surgical field. The surgeon’s fingers grasp instrument controls below the display with the surgeon’s hands naturally positioned relative to his or her eyes. Using electronic hardware, software, algorithms and mechanics, its technology translates the surgeon’s hand movements into precise and corresponding real-time micro movements of the EndoWrist instruments positioned inside the patient. The da Vinci Xi and da Vinci Si systems enable surgeon sitting at a second console, to view the same surgery as the primary surgeon and pass control of da Vinci instruments during the surgery. In addition, surgeons can control 3-D virtual pointers to augment the dual surgeon experience.

The Company’s patient-side cart holds electromechanical arms that manipulate the instruments inside the patient. Up to four arms attached to the cart can be positioned and then locked into place. At least two arms hold its endowrist instruments, one representing the surgeon’s left hand and one representing the surgeon’s right hand. A third arm positions the endoscope, allowing the surgeon to move, zoom and rotate his or her field of vision. An optional fourth instrument arm extends surgical solutions by enabling the surgeon to add a third endowrist instrument to perform additional tasks. The fourth instrument arm is a feature on the da Vinci Xi, Si, and S Surgical Systems, which is available as an upgrade on three-arm da Vinci S Surgical Systems and da Vinci Si-e Surgical Systems.

The Company’s vision system includes its insite 3-D endoscope with two separate vision channels linked to two separate color monitors through video cameras and image processing hardware. A digital zoom feature in the 3-D, HD vision system allows surgeons to magnify the surgical field of view without adjusting the endoscope position and thereby reduces interference between the endoscope and instruments. The Company’s da vinci skills simulator is a practice tool that gives a user the opportunity to practice his or her facility with the surgeon console controls. The skills simulator includes 3-D, physics-based computer simulation technology to immerse the user within a virtual environment. The user navigates through the environment and completes exercises by controlling virtual instruments from the surgeon console.

The Company’s firefly fluorescence imaging product is used for da Vinci Si Surgical System. Firefly is a feature of the da Vinci Xi Surgical System. This imaging solution combines a fluorescent dye with a da Vinci camera head, endoscope and laser-based illuminator to allow surgeons to identify vasculature in three dimensions beneath tissue surfaces to visualize critical anatomy.

Instruments and Accessories

The Company’s instruments and accessories include EndoWrist Instruments, da Vinci Single-Site, EndoWrist One Vessel Sealer, EndoWrist Stapler 45 Instrument and Accessory Products. The Company manufactures a variety of instruments, which incorporate wrist joints for natural dexterity, with tips for various surgical procedures. It offers endowrist instruments in a variety of sizes, including five millimeters and eight millimeters diameter sizes.

The Company’s da vinci single-site is a set of non-wristed instruments and accessories that allow surgical systems to work through a single incision in the umbilicus. The endowrist one vessel sealer is a wristed, single-use instrument intended for bipolar coagulation and mechanical transection of vessels up to seven millimeters in diameter and tissue bundles that fit in the jaws of the instrument. The endowrist stapler 45 is a wristed, stapling instrument intended for resection, transection and/or creation of anastomoses in general, gynecologic and urologic surgery. This instrument enables surgeons to position and fire the stapler. The Company sells various accessory products, which are used in conjunction with the da Vinci Surgical System as surgical procedures are performed. Its accessory products include sterile drapes used for a sterile field during surgery, vision products, such as replacement 3-D stereo endoscopes, camera heads, light guides and other items.

The Company competes with Ethicon Endo-Surgery, Inc.

Company Address

Intuitive Surgical Inc

1020 Kifer Rd
SUNNYVALE   CA   94086-5301
P: +1408.5232100
F: +1302.6555049

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