Credit: Shutterstock photoIntuitive Surgical, Inc.ISRG recently announced that the company has received FDA approval for its da Vinci Xi EndoWrist Stapler 30 (30mm) instruments and reloads, which will offer 30mm stapling options for the da Vinci Xi Surgical System.
The new approval for curved and straight tip instruments and four reloads will significantly expand the company's portfolio of EndoWrist Stapler. The Stapler 30 Curved-Tip instrument can be used for General Surgery, Thoracic, Gynecologic and Urologic surgery. The new product assists the surgical procedures by allowing superior placement and visualization around tenuous vasculature.
We believe that the new products will help Intuitive Surgical gain better market traction, given the current demand for robotic surgeries. We are also upbeat about an expanding product portfolio, which is expected to bode well for the top line.
In January, Intuitive Surgical and Trumpf Medical - a division of Hill-Rom Holdings (HRC) - announced FDA clearance for the former's Integrated Table Motion for the da Vinci Xi Surgical System in the U.S.
Integrated Table Motion incorporates Intuitive Surgical's da Vinci Xi and Trumpf Medical's TruSystem 7000dV. While da Vinci Xi is a robotic aided surgical system, TruSystem 7000dV is a sophisticated operating table. The combination is expected to help surgeons and anesthesiologists make essential table adjustments in order to execute surgeries in an efficient manner.
Intuitive Surgical also added 45 millimeter Xi stapler to its product portfolio in the first quarter of 2015, while Harmonic Curved Shears and a second set of instruments were introduced in the second quarter.
We believe that growing adoption of Intuitive Surgical's da Vinci system among physicians for general surgery, oncology, urology and gynecology procedures is a key catalyst. Moreover, increasing procedural volumes outside the U.S. and an expanding product pipeline presents significant growth opportunities for the company.
Zacks Rank and Key Picks
Currently, Intuitive Surgical has a Zacks Rank #3 (Hold). Better-ranked stocks in the medical instruments space are Abiomed ABMD , CryoLife CRY and Luminex LMNX . All the stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
