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News  ›  Benzinga

Medtronic Scores FDA Win As Hugo Surgical Robot Enters 230,000 Urology Procedure Market

Benzinga Logo Benzinga By Vandana Singh
Medtronic Scores FDA Win As Hugo Surgical Robot Enters 230,000 Urology Procedure Market

Medtronic received FDA clearance for its Hugo robotic-assisted surgery system for urologic procedures, targeting a market of approximately 230,000 surgeries annually in the U.S.

Insights
FITBI   positive

The acquisition is expected to be earnings accretive, improve return on assets, and expand market presence without negatively impacting book value


MDT   positive

Received FDA clearance for Hugo RAS system, expanding into a significant surgical market with potential for future specialty expansion