Intuitive Surgical Inc — Federal Contractor Profile
Intuitive Surgical Inc. Secures $165.4M in Federal Contracts Through Sole-Source Awards
Contractor Overview
Total Contract Value: $165,407,762 ($165.4M)
Total Awards: 4
Company Profile
Intuitive Surgical Inc. is a leading provider of robotic-assisted minimally invasive surgical technologies for use in a variety of surgical procedures. The company's core capabilities include the design, development, and commercialization of surgical systems, instruments, and accessories. Intuitive Surgical Inc. has a significant presence in the federal government market, though the specific agencies and dependency patterns are not detailed in the available data. The company's government business is substantial, with a total contract value of $165.4 million across four contracts, each averaging $41,351,941. Notably, Intuitive Surgical Inc. has not won any recent contracts, and all contracts are non-competitive, indicating a reliance on sole-source awards. The company's track record includes notable projects such as the development and deployment of the da Vinci surgical system, which has been widely adopted in military and civilian hospitals. The contract patterns suggest a strategic focus on maintaining existing relationships rather than pursuing new opportunities. Compared to industry peers, Intuitive Surgical Inc. is a dominant player in the robotic surgery market, with a strong competitive position and a track record of successful performance. The outlook for the company is stable, with a focus on maintaining its market leadership and expanding its service offerings.
Specializations
- Robotic surgery systems
- Minimally invasive surgical technologies
- Surgical instruments and accessories
- Telepresence surgical systems
- Surgical training and simulation
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 0%
Competitive Position
Intuitive Surgical Inc. is a dominant player in the robotic surgery market, with a strong competitive position. The company's da Vinci surgical system is widely recognized for its advanced capabilities and has been adopted by numerous military and civilian hospitals. Its reliance on sole-source awards indicates a strong market position and the trust placed in the company by government agencies.
Value to Taxpayers
Intuitive Surgical Inc. provides significant value to taxpayers through its advanced surgical technologies, which can lead to improved patient outcomes and reduced recovery times. However, the company's sole-source awards and lack of recent competitive wins raise concerns about the potential for cost escalation and lack of competition. The company's track record of successful performance and the adoption of its technologies by major hospitals suggest that it provides good value, but ongoing scrutiny is necessary to ensure that taxpayers are receiving the best possible return on investment.
Agency Relationships
Intuitive Surgical Inc. has established relationships with various agencies, though the specific agencies and their dependency patterns are not detailed. The company's reliance on sole-source awards suggests that it is a preferred vendor for certain agencies, but the lack of recent competitive wins and the absence of specific agency clients indicate a need for diversification in its client base to mitigate dependency risks.
Red Flags
- 100% reliance on sole-source awards, which can lead to a lack of competition and potential cost escalation.
- No recent competitive wins, indicating a potential decline in the company's competitive position.
- Moderate agency concentration, which could pose dependency risks if one or more agencies were to reduce their reliance on the company.
Green Flags
- Strong track record of successful performance and adoption of its technologies by major hospitals.
- Diverse product offerings, including surgical systems, instruments, and accessories.
- Focus on maintaining existing relationships rather than pursuing new opportunities, which can lead to stable revenue streams.
Key Contracts
Intuitive Surgical Inc. has secured a total of $165.4 million in federal contracts, with an average contract size of $41,351,941. The company's most significant contract is likely related to the deployment and maintenance of its da Vinci surgical system, which has been widely adopted in military and civilian hospitals. These contracts reveal the company's strong capabilities in providing advanced surgical technologies and its ability to maintain long-term relationships with government agencies. The lack of recent competitive wins and the absence of specific agency clients suggest that the company is focused on maintaining its existing market share rather than pursuing new opportunities. This strategy may lead to stable revenue streams but could also pose risks if the company's market position is challenged by competitors.
Frequently Asked Questions
What does INTUITIVE SURGICAL INC do for the federal government?
Intuitive Surgical Inc. provides advanced robotic-assisted minimally invasive surgical technologies for use in a variety of surgical procedures. The company's core capabilities include the design, development, and commercialization of surgical systems, instruments, and accessories. The company's products are widely used in military and civilian hospitals, providing improved patient outcomes and reduced recovery times.
How much taxpayer money does INTUITIVE SURGICAL INC receive?
Intuitive Surgical Inc. has secured a total of $165.4 million in federal contracts, with an average contract size of $41,351,941. The company's contracts are non-competitive, indicating a reliance on sole-source awards. The total contract value represents a significant investment by taxpayers in the company's advanced surgical technologies.
Is INTUITIVE SURGICAL INC good value for taxpayer money?
Intuitive Surgical Inc. provides significant value to taxpayers through its advanced surgical technologies, which can lead to improved patient outcomes and reduced recovery times. However, the company's sole-source awards and lack of recent competitive wins raise concerns about the potential for cost escalation and lack of competition. The company's track record of successful performance and the adoption of its technologies by major hospitals suggest that it provides good value, but ongoing scrutiny is necessary to ensure that taxpayers are receiving the best possible return on investment.
How does INTUITIVE SURGICAL INC win its contracts?
Intuitive Surgical Inc. has secured its federal contracts through sole-source awards, indicating a strong market position and the trust placed in the company by government agencies. The company's track record of successful performance and the adoption of its technologies by major hospitals suggest that it is a preferred vendor for certain agencies. However, the lack of recent competitive wins and the absence of specific agency clients indicate a need for diversification in its client base to maintain its competitive position.
What agencies use INTUITIVE SURGICAL INC most?
Intuitive Surgical Inc. has established relationships with various agencies, though the specific agencies and their dependency patterns are not detailed. The company's reliance on sole-source awards suggests that it is a preferred vendor for certain agencies, but the lack of recent competitive wins and the absence of specific agency clients indicate a need for diversification in its client base to mitigate dependency risks. The company's products are widely used in military and civilian hospitals, making it a preferred vendor for agencies with a focus on advanced surgical technologies.
What are the risks of relying on INTUITIVE SURGICAL INC?
The risks of relying on Intuitive Surgical Inc. include the potential for cost escalation due to its sole-source awards and lack of recent competitive wins. The company's moderate agency concentration poses dependency risks if one or more agencies were to reduce their reliance on the company. Additionally, the company's focus on maintaining existing relationships rather than pursuing new opportunities could limit its growth potential and make it more vulnerable to market challenges from competitors.
How does INTUITIVE SURGICAL INC compare to similar contractors?
Compared to industry peers, Intuitive Surgical Inc. is a dominant player in the robotic surgery market, with a strong competitive position. The company's da Vinci surgical system is widely recognized for its advanced capabilities and has been adopted by numerous military and civilian hospitals. However, the company's reliance on sole-source awards and lack of recent competitive wins indicate a potential decline in its competitive position. The company's focus on maintaining existing relationships rather than pursuing new opportunities could limit its growth potential and make it more vulnerable to market challenges from competitors.
Recent Federal Contracts
Intuitive Surgical Inc has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA's $48.1M Surgical Instrument Orders with Intuitive Surgical Inc. from July... | Department of Veterans Affairs | $48.1M | N/A |
| VA awards $34.6M to Intuitive Surgical for robotic systems, raising questions... | Department of Veterans Affairs | $34.6M | N/A |