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Intuitive Surgical Inc   (ISRG)
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Intuitive Surgical Inc 's

Competitiveness


 

ISRG Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Intuitive Surgical Inc reported Total Revenue increase in the 2 quarter 2021 by 71.81 % year on year.
The sales growth was above Intuitive Surgical Inc 's competitors average revenue growth of 41.18 %, recorded in the same quarter.

List of ISRG Competitors

With net margin of 35.72 % company achieved higher profitability than its competitors.

More on ISRG Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Intuitive Surgical Inc Net Income in the 2 quarter 2021 grew year on year by 645.01 %, faster than average growth of Intuitive Surgical Inc 's competitiors of 131.38 %

<<  More on ISRG Income Comparisons


Intuitive Surgical Inc 's Comment on Competitors and Industry Peers


We consider our primary competition to be existing open surgery, conventional MIS, drug therapies, radiation treatment and emerging interventional surgical approaches. Our success depends on continued clinical and technical innovation, quality and reliability as well as educating hospitals, surgeons and patients on the demonstrated results associated with da Vinci Surgery and its value relative to other techniques. We also face competition from several companies that are developing new approaches and products for the MIS market. We believe that many are focused on adding capability to manual MIS systems. Because many of these developments are aimed at MIS, we believe that our da Vinci Surgical System may prove complementary to some of these new technologies.

Moreover, as we add new robotically controlled products (e.g., Single-Site, stapler, and vessel sealer) that compete with product offerings traditionally within the domains of open surgery and/or conventional MIS, we face greater competition from larger and well established companies such as Ethicon Endo-Surgery, Inc. and Covidien plc.
Furthermore, as da Vinci use increases, a number of companies may be compelled to enter the field of robotic surgery, including but not limited to Stryker Corporation, Covidien plc, Johnson & Johnson, and Olympus. The following companies have made explicit statements about their efforts to enter the field: MedRobotics Corp., meerecompany Inc., SOFAR S.p.A., IMRIS Inc., TransEnterix, Inc., and Titan Medical, Inc. Companies with substantial experience in industrial robotics could potentially expand into the field of surgical robotics and become a competitor. In addition, research efforts utilizing computers and robotics in surgery are underway at various companies and research institutions. Our revenues may be adversely impacted if our competitors develop and introduce products that compete in our markets.





  

Overall company Market Share Q2 2021

Due to outstanding performance in Overall company, revenue grew by 71.81 % Intuitive Surgical Inc improved its market share, to approximate 16.86 %.





<<  More on ISRG Market Share.
 

*Market share calculated with total revenue.


ISRG's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Intuitive Surgical Inc 5,163 118,738 1,639 2,978
Covidien Plc 10,880 0 1,605 39,500
Danaher Corporation 26,720 214,375 5,611 71,000
Medtronic Plc 30,117 174,544 3,630 49,000
General Electric Co 76,213 110,693 -3,485 305,000
Osi Systems Inc 1,092 1,747 62 0
Roper Technologies Inc 5,705 52,643 998 10,137
Thermo Fisher Scientific Inc 35,894 211,307 7,924 51,000
Varian Medical Systems Inc 3,118 16,326 277 6,800
SUBTOTAL 194,901 900,372 18,261 535,415


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