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This statistic highlights Intuitive Surgical’s Revenue Breakdown by Region, split across International and the US regions, reported from Q1 2018 onwards on a quarterly basis.
|Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
(All the values are in millions, except for the values in percentages)
The total revenue earned by the company worldwide in Q4 2021 is approximately $1.55 billion or $1,550.7 million. Under the total revenue YOY there is an incline of 16.67% when compared to the worldwide revenue of $1,329.1 million earned in Q4 2020, hence computing to an absolute growth of $221.6 million. For the total revenue QoQ comparison, the revenue has increased by 10.5% when set side-by-side with the total revenue generated in Q3 2021, that is, $1,403.3 million or approximately $1.4 billion – giving an absolute growth of $147.4 million.
(NOTE: Da Vinci procedure is a robotic-assisted surgery, which is a flagship service from Intuitive Surgical, Inc)
In Q4 2021, the revenue earned by the company internationally is at $503 million, the international revenue has a lower contribution in the revenue of Q4 2021 at 32.44%. There is an increase of 11.51% for the QOQ scale from $451.1 million in revenue generated in Q3 2021 to the revenue in Q4 2021. Under the YoY measurement, there has been a growth of 17.74% from Q4 2020 at $427.2 million to Q4 2021, giving an absolute growth in revenue of $75.8 million. COVID pandemic had its major effects on markets like Asian and European markets, thus, the da Vinci procedure in China was reduced substantially by early February 2020 to approximately 90% compared to weekly rates in early January 2020. This effect started to subside from the latter half of Q2 2020 when the procedures started to increase bringing the drop of weekly procedure rates to 70%. With the European market on an unstable procedure rate per week and slowing the rates in other Asian countries like Korea, Japan, and other Asian markets these losses were partially offset by the revenue growth from China as it had an increasing and stable growth in da Vinci procedure per week rates.
The US is a major market for the company with a top line at $1,047.7 million or $1.047 billion this revenue contributes to 67.56% of the total revenue generated by the company worldwide in Q4 2021. Revenue in the US has grown by an absolute $145.8 million or 16.17% when compared to the revenue of Q4 2020 at $901.9 million, under the YoY scale. For the QoQ measurement, the revenue growth is at 10.03% from $952.2 million in Q3 2021 to Q4 2021, this computes to an absolute value of $95.5 million. In COVID-19 pandemic spread in the U.S. had a decline in the da Vinci procedure in the latter half in March of 2020 to approximately 65% of the weekly procedures rate during the earlier Q1 2020. For the Q2 2020 weekly, the rate continues to decline, reaching approximately 30% of pre-COVID levels. In Q2 2021 the increasing rollout of vaccines and hospitalization decreasing increased the volume of procedures.
About the Company
Intuitive Surgical Inc. was founded in 1995. It is an American Corporation aimed at invasive care through a comprehensive ecosystem of products and services. Their ecosystem includes systems, instruments, learnings, accessories, and services connected by their digital portfolio that enables precision and control, seamless interaction, and experiences, in meaningful insights to drive better care. They bring almost three decades of experience and technical innovation to their robotic-assisted surgical solution.
The company is traded at the NASDAQ under the ticker symbol ISRG.
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