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For the fiscal year 2017, Intuitive Surgical reported earnings of US$660 million, with an annual revenue of US$3.129 billion, an increase of 15.7% over the previous fiscal cycle. Intuitive Surgical's shares traded at over $307 per share, and its market capitalization was valued at over US$58 billion in November 2018. [10]
In the 1990s, computer-controlled surgical devices began to emerge, enabling greater precision and control in surgical procedures. One of the most significant advancements in this period was the da Vinci Surgical System, which was approved by the FDA for use in surgical procedures in 2000 (Intuitive Surgical, 2021).
The da Vinci Surgical System is a robotic surgical system that uses a minimally invasive surgical approach. The system is manufactured by the company Intuitive Surgical . The system is used for prostatectomies , increasingly for cardiac valve repair and for renal [ 1 ] and gynecologic surgical procedures.
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This is a list of current and former companies based in the San Francisco Bay Area, broken down by type of business.. Fortune 500 rankings are indicated in parentheses. As of 2020, 38 Fortune 500 companies had headquarters in the San Francisco Bay Area.
Instead, many are riding a recovery in surgical procedures deferred during the COVID-19 pandemic. Shares of California-based Intuitive rose 7.2% to $399 in extended trading.