Analysts: Japan approves 12 new procedures for Intuitive Surgical ’ s da Vinci

Intuitive Surgical (NSDQ:ISRG) recently won approval for an additional 12 procedures in Japan using its da Vinci robot-assisted surgery devices, according to analysts at Leerink Partners. The approvals could represent an additional 200,000 cases in Japan, up from 30,000, Leerink analysts Richard Newitter and Jaime Morgan wrote this morning in a note to investors, citing talks with management, company reports and Leerink Partners estimates. Previously only cleared for prostatectomy and nephrectomy in Japan, da Vinci is now approved for additional colorectal, gynecological and thoracic surgeries, plus gastrectomies, bladder cystectomies, esophagectomies and mitral valvuloplasty, The boost to worldwide procedure volumes could take time to realize, they cautioned, noting that Sunnyvale, Calif.-based Intuitive will have to invest in training and market development for each new area. And unlike the markets for prostatectomy and nephrectomy, which saw Intuitive convert from open to laparoscopic surgeries, many of the newer approvals are for procedures that are already being done laparoscopically, Newitter and Morgan wrote – making the adoption ramp slower for the new approvals. Final reimbursement rates in Japan haven’t been set, they wrote, “so the economic incentive to convert procedures in these categories to robotics is still a bit of an unknown (recall that prostatectomy was reimbursed at a significant premium, which likely steepened that procedure’s ...
Source: Mass Device - Category: Medical Devices Authors: Tags: Regulatory/Compliance Robotics Wall Street Beat Intuitive Surgical Source Type: news