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Has Intuitive Surgical Only Scratched The Surface of Robotics?

By Corinne Cardina - Dec 4, 2020 at 7:00AM

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Robotics-assisted surgery will keep growing for decades, and despite its hefty price, this stock is just getting started.

By nature, this robotic surgical company has an enormous competitive edge. Intuitive Surgical ( ISRG -0.25% ) is one of the largest holdings in a new ETF called  ProShares MSCI Transformational Changes ETF ( ANEW 0.83% ) that captures the revolutionary changes accelerated by the pandemic. Here's what investors need to know.

Corinne Cardina: Definitely. Genomics and telehealth. I want to start with Intuitive Surgical because this is a Fool favorite in the healthcare space. It's the company behind the da Vinci robotic surgical system. It helps surgeons perform minimally invasive procedures. It's got a nice installed base of systems and enjoys a lot of competitive benefits. How do you envision the future of Intuitive Surgical?

Scott Helfstein: You mentioned the importance of robots and while I'm not really a fan of not having a doctor in the room to operate on me, nonetheless, we have seen surgery, number of surgeries have come down during COVID. People are putting things off unless it is really a necessity. I think any ways we can deliver more efficient and safer healthcare outcomes is a pathway to the future and it's something that we should be excited about. When we think about something like surgical robots, there's a phenomenal barrier to entry there. You need to get people trained. They are expensive. It's not exactly the type of thing where a hospital is just going to hop off and go do something else. For a lot of reasons, we think that that's a growth opportunity. It speaks to remote, it speaks to artificial intelligence and automation, and so really encapsulates so much of what we're trying to talk about here.

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Stocks Mentioned

Intuitive Surgical, Inc. Stock Quote
Intuitive Surgical, Inc.
ISRG
$333.90 (-0.25%) $0.83
ProShares Trust - ProShares MSCI Transformational Changes ETF Stock Quote
ProShares Trust - ProShares MSCI Transformational Changes ETF
ANEW
$45.99 (0.83%) $0.38

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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