A long runway for growth The da Vinci system allows physicians to perform various minimally invasive surgeries, which typically result in less bleeding, less scarring, shorter hospital stays, and faster recovery times for patients. But the robotic-assisted surgery (RAS) market remains severely underpenetrated. Medtronic, one of the largest medical-device companies in the world, estimates that only 3% of procedures in the world are performed robotically.
According to some estimates, the RAS market will expand at a compound annual growth rate of 21.6% through 2028 -- and it likely won't stop there. Here's what that means for Intuitive Surgical: Despite its terrific performance in the past 20 years, it has just barely scratched the surface of its market. And as it continues to make headway, the company will materially improve its revenue and earnings. https://www.fool.com/investing/2021/11/23/is-it-too-late-to-buy-intuitive-surgical-stock/
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