CLAIM #33031 · Intuitive Surgical Inc (ISRG) · 2022Q3 earnings call · Oct 18, 2022 · due Oct 18, 2023
“But outside the United States and Europe and Asia, we are still relatively early and we think that in those two categories we will continue to see growth.”
Gary Guthart · CEO
In context
“y well. Jamie Samath: On the diagnostic pipelines, what we continue to see for the most part is relatively steady in terms of the tests that are occurring, mostly a little below the volumes that we saw pre-pandemic. The one exception that we have seen in the U.S. in kind of recent trends is a tick up in colonoscopies. I wouldn’t say that this evidence that that’s impacted da Vinci procedures yet as that’s a recent trend, obviously, we are encouraged by the fact that more patients are able to get back to having those diagnostic tests and we will see how that plays out in terms of surgery. Gary Guthart: On just a follow-up point to Brian, your answer, I think, the other thing is that while we are mature in urology and gynecology in the United States, there’s still a little growth there too. But outside the United States and Europe and Asia, we are still relatively early and we think that in those two categories we will continue to see growth. Jamie, just a follow-up point on your answer on the diagnostics side, you were saying it started to come back and we are seeing a little bit of an uptick. It is absolutely clear that there’s been a trough or a bolus of people who stayed out of diagnostic pipelines and that hasn’t fully recovered. And their disease is progressing. That is also absolutely clear in the literature. So how big that is and what that looks like as they come back into the health system in terms of surgery and da Vinci surgery, you are just going to have to wait and see. It’s a hard thing to measure, but I think there’s a bolus out there and it’s unfortunate given disease progression. Operator: Thank you. And next we have a question from the line of Larry Biegelsen with Wells Fargo. Please go ahead. Larry Biegelse”
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SEC filings for ISRG ↗ · Claim quote is verbatim from the 2022Q3 earnings call.