Revenues from Intuitive Surgical's da Vinci system could reach $1.5 billion by 2021, according to a Trefis market research report.
What you should know:
1. Intuitive's robust patent portfolio stands largely unchallenged in the robotic devices market.
2. Intuitive could face a challenge by Johnson & Johnson and Medtronic if the recent acquisitions of Auris Health and Mazor Robotics, respectively, are successful.
3. Trefis said the da Vinci system accounted for $1.13 billion in revenue in 2018, but that an expansion of procedures will drive growth.
4. Trefis also estimates that while consistent sales will continue, they will slow and be around $1.2 million, the average price per unit in 2018.
5. Da Vinci systems accounted for 30 percent of Intuitive's total sales in 2018, and Trefis estimates it will remain similar through 2020.
See Trefis' interactive dashboard here.