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| key_people = [[Lonnie M. Smith]], CEO
| key_people = [[Lonnie M. Smith]], CEO
| industry = Medical Appliances & Equipment
| industry = Medical Appliances & Equipment
| products = da Vinci Surgical System
| products = ''da Vinci'' Surgical System
| revenue = {{profit}} $600.8 million [[United States dollar|USD]] (2007)<ref name="2007_10K">
| revenue = {{profit}} $600.8 million [[United States dollar|USD]] (2007)<ref name="2007_10K">
{{cite web
{{cite web
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'''Intuitive Surgical Inc.''' ({{nasdaq|ISRG}}) is a [[corporation]] that manufactures robotic surgical systems, most notably the [[da Vinci Surgical System]]. The company is part of the [[Nasdaq-100]] and [[S&P 400]] MidCap Indices. Intuitive Surgical has installed over 1,032 systems worldwide as of September 30, 2008.<ref name="Sep_2008_10Q">
'''Intuitive Surgical Inc.''' ({{nasdaq|ISRG}}) is a [[corporation]] that manufactures robotic surgical systems, most notably the [[da Vinci Surgical System]]. The company makes money by (1) making initial sales of the ''da Vinci'' Surgical System (2) selling instruments and accessories for use in performing surgical procedures using the ''da Vinci'' System and (3) by entering into service contracts with those who buy the system. The company is part of the [[Nasdaq-100]] and [[S&P 400]] MidCap Indices. Intuitive Surgical has installed over 1,032 systems worldwide as of September 30, 2008.<ref name="Sep_2008_10Q">
{{cite web
{{cite web
| url = http://idea.sec.gov/Archives/edgar/data/1035267/000119312508212329/d10q.htm
| url = http://idea.sec.gov/Archives/edgar/data/1035267/000119312508212329/d10q.htm
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==Brief Chronology==
==Brief Chronology==
* 1995 The company is founded.
* 1995 The company is founded.
* 1999 Da Vinci Surgical System is introduced.
* 1999 ''da Vinci'' Surgical System is introduced.
* 2000 IPO
* 2000 IPO
* 2003 The company merges with Computer Motion, Inc (RBOT).<ref>http://sec.edgar-online.com/2003/03/07/0000891618-03-001169/Section10.asp Merger information</ref>
* 2003 The company merges with Computer Motion, Inc (RBOT).<ref>http://sec.edgar-online.com/2003/03/07/0000891618-03-001169/Section10.asp Merger information</ref>


==da Vinci Surgical System==
==da Vinci Surgical System==
The first robotic surgical system was developed by Computer Motion of Santa Barbara, CA. Intuitive Surgical is famous for introducing the first robotic surgical system approved by the [[FDA]], the da Vinci Surgical System. Developed in the late 1980s at the former [[Stanford Research Institute]] under contract to the [[U.S. Army]], the da Vinci Surgical System allows surgery to be performed remotely using robotic manipulators, and was approved for general [[laparoscopic surgery]] in 2000. It was subsequently approved for thoracoscopic surgery, for cardiac procedures performed with adjunctive incisions, and urologic and gynecologic procedures. <ref>http://www.intuitivesurgical.com/corporate/companyprofile/index.aspx</ref>
The first robotic surgical system was developed by Computer Motion of Santa Barbara, CA. Intuitive Surgical is famous for introducing the first robotic surgical system approved by the [[FDA]], the ''da Vinci'' Surgical System. Developed in the late 1980s at the former [[Stanford Research Institute]] under contract to the [[U.S. Army]], the ''da Vinci'' Surgical System allows surgery to be performed remotely using robotic manipulators, and was approved for general [[laparoscopic surgery]] in 2000. It was subsequently approved for thoracoscopic surgery, for cardiac procedures performed with adjunctive incisions, and urologic and gynecologic procedures. <ref>http://www.intuitivesurgical.com/corporate/companyprofile/index.aspx</ref>


==Cost==
==Cost==


A Da VInci Surgical System costs upwards of $1.5 Million dollars. <ref>http://www.jyi.org/news/nb.php?id=1499</ref> This cost is prohibitive to small rural hospitals, making the Da Vinci system nothing but a dream in certain areas of the country and many parts of the world. Intuitive Surgical is working diligently to reduce cost and make the Da Vinci Surgical System more widely available. The system's cost is sometimes justified in the fact that it reduces the need for surgical nurses by allowing the robot to do their work. This can reduce a hospital's payroll by about $80,000 per nurse.
A ''da Vinci'' Surgical System costs upwards of $1.5 Million dollars. <ref>http://www.jyi.org/news/nb.php?id=1499</ref> This cost is prohibitive to small rural hospitals, making the ''da Vinci'' System nothing but a dream in certain areas of the country and many parts of the world. Intuitive Surgical is working diligently to reduce cost and make the ''da Vinci'' Surgical System more widely available. The system's cost is sometimes justified in the fact that it reduces the need for surgical nurses by allowing the robot to do their work. This can reduce a hospital's payroll by about $80,000 per nurse.


== Pediatric conditions treated using da Vinci Surgical System ==
== Pediatric conditions treated using da Vinci Surgical System ==

Revision as of 05:39, 16 January 2009

Intuitive Surgical Inc.
Company typePublic (Nasdaq: ISRG)
IndustryMedical Appliances & Equipment
Founded1995
HeadquartersSunnyvale, California, USA
Key people
Lonnie M. Smith, CEO
Productsda Vinci Surgical System
RevenueIncrease $600.8 million USD (2007)[1]
Increase $206.7 million USD (2007) [1]
Increase $144.5 million USD (2007) [1]
Number of employees
935
Websitewww.intuitivesurgical.com

Intuitive Surgical Inc. (Nasdaq: ISRG) is a corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. The company makes money by (1) making initial sales of the da Vinci Surgical System (2) selling instruments and accessories for use in performing surgical procedures using the da Vinci System and (3) by entering into service contracts with those who buy the system. The company is part of the Nasdaq-100 and S&P 400 MidCap Indices. Intuitive Surgical has installed over 1,032 systems worldwide as of September 30, 2008.[2]


Brief Chronology

  • 1995 The company is founded.
  • 1999 da Vinci Surgical System is introduced.
  • 2000 IPO
  • 2003 The company merges with Computer Motion, Inc (RBOT).[3]

da Vinci Surgical System

The first robotic surgical system was developed by Computer Motion of Santa Barbara, CA. Intuitive Surgical is famous for introducing the first robotic surgical system approved by the FDA, the da Vinci Surgical System. Developed in the late 1980s at the former Stanford Research Institute under contract to the U.S. Army, the da Vinci Surgical System allows surgery to be performed remotely using robotic manipulators, and was approved for general laparoscopic surgery in 2000. It was subsequently approved for thoracoscopic surgery, for cardiac procedures performed with adjunctive incisions, and urologic and gynecologic procedures. [4]

Cost

A da Vinci Surgical System costs upwards of $1.5 Million dollars. [5] This cost is prohibitive to small rural hospitals, making the da Vinci System nothing but a dream in certain areas of the country and many parts of the world. Intuitive Surgical is working diligently to reduce cost and make the da Vinci Surgical System more widely available. The system's cost is sometimes justified in the fact that it reduces the need for surgical nurses by allowing the robot to do their work. This can reduce a hospital's payroll by about $80,000 per nurse.

Pediatric conditions treated using da Vinci Surgical System

Cardiac

  • patent ductus arteriosus[6]


General Surgery

  • duodenal stenosis
  • gastroesophageal reflux[7] (technology is used during a fundoplication)
  • achalasia [8] (surgial procedure is called heller myotomy)
  • lung resections (in very small infants)
  • complex reconstructions of the biliary system (in very small infants)


Otolaryngology

  • laryngeal cleft[9]


Urology[10]

  • bladder augmentation
  • ureteropelvic junction (UPJ) obstruction (technique is called pyeloplasty)
  • renal surgeries
  • blocked ureter due to strictures or stones (ureteral reconstructions)


References

  1. ^ a b c Intuitive Surgical, Inc. (2008-02-14). "Form 10-K Annual Report for 2007". SEC. Retrieved 2009-01-15.
  2. ^ Intuitive Surgical, Inc. (2008-10-17). "Form 10-Q for Quarter Ending September 30, 2008". SEC. Retrieved 2009-01-15.
  3. ^ http://sec.edgar-online.com/2003/03/07/0000891618-03-001169/Section10.asp Merger information
  4. ^ http://www.intuitivesurgical.com/corporate/companyprofile/index.aspx
  5. ^ http://www.jyi.org/news/nb.php?id=1499
  6. ^ http://www.childrenshospital.org/az/Site507/mainpageS507P0.html My Child Has: Patent Ductus Arteriosus
  7. ^ http://www.childrenshospital.org/az/Site940/mainpageS940P0.html My Child Has: Gastroesophageal Reflux
  8. ^ http://www.childrenshospital.org/az/Site1238/mainpageS1238P0.html My Child Has: Achalasia
  9. ^ http://www.childrenshospital.org/az/Site1137/mainpageS1137P0.html My Child Has: Laryngeal Cleft
  10. ^ http://www.childrenshospital.org/clinicalservices/Site1860/mainpageS1860P7.html Children's Hospital Boston Center for Robotic Surgery: Innovative treatments

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