What drove ISRG's strong earnings growth in 2024?

Intuitive Surgical, Inc. (ISRG) experienced strong earnings growth in 2024, with a reported EPS of $6.42 for the year, primarily driven by the following factors:

1. **Revenue Growth**: The company's total revenue reached $8.35 billion in 2024, reflecting a significant increase from the previous year. This growth in revenue is a direct result of ISRG's expanding market presence and increasing demand for its robotic-assisted surgical systems.
2. **Market Expansion**: ISRG has been expanding its focus to India, a country with high demand for robotic-assisted surgeries and a growing talent pool. This strategic move has allowed the company to tap into a new market, thereby boosting its revenue and earnings.
3. **Technological Advancements**: As a leader in robotic surgical technology, ISRG continues to innovate and improve its da Vinci systems. These advancements not only strengthen the company's competitive position but also attract new customers and procedures, contributing to higher revenues and profits.
4. **Economies of Scale**: With increasing revenues, ISRG benefits from economies of scale, which improve operational efficiency and reduce costs as a percentage of revenue. This leads to higher net profits and stronger earnings per share.

In summary, ISRG's strong earnings growth in 2024 can be attributed to its successful market expansion, technological advancements, and economies of scale, which collectively drive revenue growth and improve profitability.