Business Strategy and Outlook
| Alex Morozov |Intuitive Surgical fared remarkably well during the pandemic even as many hospitals struggled with tight capital budgets and elective surgeries were almost nonexistent during the COVID-19 peak. Now, with things returning to normal, the company is set to resume its march toward global adoption of robotic surgery. Our long-term positive view on the company's competitive positioning is unchanged, even as new rivals are entering the previously monopolistic area of robot-assisted surgery.