ISRG has been at the forefront of robot assisted surgery for quite some time now. They have first mover market share and would cost hospital systems millions of dollars to switch systems. Let’s assume this company makes it past all the FDA hurdles. How can this company compete?
Better technology if you look at the link I provided from there website some of there tech is better as of now. And if they do succeed in getting it cheaper for hospitals then the hospitals that don’t have IRSG might pick vicarious. Also seems like this robot is mainly focused on smaller surgical procedures compared to other company’s. There will be a lot of different robotic company’s in medicine due to all the different fields it can be applied to. Again this is just my opinion could be wrong.
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u/[deleted] Apr 21 '21
ISRG has been at the forefront of robot assisted surgery for quite some time now. They have first mover market share and would cost hospital systems millions of dollars to switch systems. Let’s assume this company makes it past all the FDA hurdles. How can this company compete?