Intuitive Surgical (NSDQ:ISRG) has spent more than a decade dominating the robot-assisted surgery market, and longtime CEO Gary Guthart has no plans to cede that position, he tells MassDevice.com Executive Editor Brad Perriello in this special podcast.
Guthart said Sunnyvale, Calif.-based Intuitive stays focused on one criterion: “Where can we make a difference in outcomes?” Robotic surgery is intrinsic to the company’s genetic code, he said.
“It’s in our DNA. We think about it 24/7. It is all we do, and I think that sets us apart,” Guthart said.
The chief executive seemed unfazed by the increasingly competitive landscape of players large and small.
“I’ve been at this for a little while now. I started doing this in 1993 up at SRI,” Guthart told us. “From that time in ’93 until now, I can think of, off the top of my head, about 25 robotic surgery companies that have taken a hard run at it, and been serious. Most of them have not become a standard of care. It’s a sophisticated set of products & services to deliver. I respect the teams that are working on it, but I also respect the amount of effort it takes.
“We see some small players who are doing some interesting things. We see some large players that have entered, we think, in a defensive posture,” he added.
In this interview, Guthart also explains Intuitive’s five-bucket R&D philosophy; and what he looks for in potential business partners, and more.
On December 11-12,DeviceTalks West is taking over Orange County's medtech industry with one of the most anticipated conferences of the winter, bringing you the best and brightest minds in the industry.
Dr. Robert Greenberg, Executive Chairman, Alfred E. Mann Foundation
Gary Guthart, President and Chief Executive Officer, Intuitive Surgical
Reggie Groves, CEO, REVA Medical
Use code KEYNOTE to save an additional 10%.