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Intuitive Surgical Cuts Target as Procedure Demand Weakens

Original: Intuitive Cuts Target as Surgical Robot Procedure Demand Weakens

Intuitive Surgical, maker of the da Vinci surgical robot, has lowered its performance target after demand for robot-assisted procedures came in weaker than expected. The announcement signals softer hospital spending and procedure volumes in robotic surgery, a market long seen as a steady growth driver for the company and the broader medical robotics sector.

Why now: Investors are reacting to a leading surgical robotics company downgrading expectations, a warning sign for the sector.

Intuitive Surgicalda Vinci surgical robot

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Evidence

• Intuitive Cuts Target as Surgical Robot Procedure Demand Weakens · Bloomberg.com

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