Medical Robotics for Surgery

Medical Robotics  for Surgery
  • Pininvest Analysis

Robotics are being implemented in medical fields as diverse as diagnostics, rehabilitation, or non-invasive radiosurgery

Surgical robots, assisting the surgeon in specialized operations, are the more complex devices, touted for their significant growth potential

Two treatments appear to stand out -  laparoscopic procedures and orthopaedics

Laparoscopy - also known as 'keyhole surgery' - avoids large incisions by inserting a 'laparoscope', a small tube that has a light source and a camera, which relays images of the inside of the abdomen or pelvis to a television monitor

Laparoscopic surgery without involving a robot has been universally practiced most commonly in gynaecology, gastroenterology and urology and the added value,  which might justify the cost of robotics, continues to be discussed 

Da Vinci robots, by Intuitive Surgical, have dominated the laparoscopic surgical market for the past 20 years, with 5 989 units installed (as of year-end 2020), a powerful moat considering the extensive training required and the unit list price (from approx. $1.2 million for the lower priced X model to $1.85 million for the main stream Xi robot - 2017 approx. cost)

However, the market is evolving and as Intuitive starts losing the patents of its inventions, it can be assumed new entrants are preparing their own range of robotic surgery applications, such as Medtronic or Johnson & Johnson following the acquistion of Auris

Robotics applications in orthopaedic implant surgery have attracted significant interest from most major device makers, such as Stryker, Smtih & Nephew, Zimmer Biomet or Johnson & Johnson DuPuy Synthes division - a competitive environment with large market potential


With ever increasing miniaturization allowing for more versatile robotic arms, the range of procedures surgical robots may assist will continue to expand, focusing the interest of the very large medical device suppliers

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Medical Robotics for Surgery • Updated:

Name Ticker Exchange Sector Industry Currency Cur.Price Mkt.Cap Perf. Momentum Vol. Risk Contrib. MDD
Asensus Surgical ASXC NYSEMKT Health Care Medical Devices USD 3.22 749 M 364.6% Strong Up 159%   42% -76%
Intuitive Surgical ISRG NASDAQ Health Care Medical Robotics USD 864.27 102 B 54.8% Neutral 31%   6% -16%
Johnson & Johnson JNJ NYSE Health Care Diversified Healthcare USD 164.96 434 B 18.2% Neutral 16%   2% -11%
Medtronic MDT NYSE Health Care Medical Devices USD 123.78 167 B 34.7% Neutral 24%   4% -10%
Smith & Nephew SNN NYSE Health Care Medical Devices USD 43.87 19 B 9.0% Neutral 30%   6% -20%
Stereotaxis STXS NYSEMKT Health Care Medical Devices USD 8.35 616 M 68.0% Weak Up 68%   11% -43%
Stryker SYK NYSE Health Care Medical Devices USD 255.79 96 B 37.2% Neutral 25%   5% -10%
Titan Medical TMDI NASDAQ Health Care Medical Robotics USD 1.78 71 M 56.1% Weak Up 96%   19% -54%
Zimmer Biomet ZBH NYSE Health Care Medical Devices USD 158.28 33 B 27.0% Weak Down 28%   5% -12%