Intuitive sees double-digit procedure growth, warns of slowing hospital placements

After first-quarter earnings reports last week by other medtech companies pointed to a rebound in procedure volumes, Intuitive Surgical saw better-than-expected results. The surgical robotics company reported procedures were up 19% compared to the first quarter of 2021, beating Wall Street's expectations of a 12% increase. It was also a double-digit increase from 2019, when the COVID-19 pandemic didn't weigh down on hospital staffing or capacity.