5 Best Medical Technology Stocks to Buy Right Now

3. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 109

Stock Upside: 29.17%

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best medical technology stocks to buy right now. On May 21, Intuitive Surgical, Inc. (NASDAQ:ISRG) announced a major round of updates to its da Vinci 5 robotic surgical system, including extended instrument use capabilities. The company said more than 100 improvements will roll out to US customers starting June this year, and that global availability will depend on regulatory clearances in each market.

The da Vinci 5 is Intuitive’s most advanced robotic surgery platform. It features over 150 design innovations, 10,000 times the computing power of its predecessor, the da Vinci Xi, and Force Feedback technology. The latter is a first-of-its-kind feature that lets surgeons physically sense the pressure their instruments exert on tissue during a procedure, which the company said reduces tissue force by up to 43% in preclinical trials.

A key part of this update is that five of the six available Force Feedback instruments will now last 15 uses per instrument. They could only last six uses previously. Intuitive said this is a massive improvement because more uses per instrument lowers the per-procedure cost of running the system.

The company is also enhancing the Intuitive Telepresence feature, which allows surgeons at a remote location to observe and guide a live procedure. It will get a new camera that provides a full panoramic view of the operating room and a live cursor tool. The improvement will give the remote physician a clearer picture of the surgical environment.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a medical technology company that designs and manufactures robotic-assisted surgical systems. The most notable is the da Vinci surgical platform used in minimally invasive procedures across specialties such as urology, gynecology, and general surgery.