Global Healthcare Undervalued Small Caps

Krsnaa Diagnostics

Market Cap: ₹26.2b

Provides diagnostic services in India.

AdaptHealth

Market Cap: US$1.3b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

Australian Clinical Labs

Market Cap: AU$487.8m

Provides pathology diagnostic services in Australia.

Dentium

Market Cap: ₩499.3b

Manufactures and sells dental medical instrument worldwide.

M1 Kliniken

Market Cap: €259.4m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

CellaVision

Market Cap: SEK 4.3b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

OrbusNeich Medical Group Holdings

Market Cap: HK$4.0b

An investment holding company, engages in the manufacture, trading, sale, and marketing of medical devices/instruments for the treatment of coronary and peripheral vascular diseases.

Tristel

Market Cap: UK£177.7m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Delcath Systems

Market Cap: US$389.0m

An interventional oncology company, focuses on the treatment of primary and metastatic liver cancers in the United States and Europe.

Integrated Diagnostics Holdings

Market Cap: US$250.0m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Visco Vision

Market Cap: NT$12.9b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

Surgical Science Sweden

Market Cap: SEK 5.4b

Develops and markets virtual reality simulators for evidence-based medical training in Europe, North and South America, Asia, and internationally.

GPT Healthcare

Market Cap: ₹12.9b

Owns and operates a chain of multispecialty hospitals under the ILS Hospitals brand name in India.

Chaoju Eye Care Holdings

Market Cap: HK$2.1b

Owns and operates a network of ophthalmic hospitals and optical centers in China.

MLP Saglik Hizmetleri

Market Cap: ₺71.1b

Provides healthcare service in Turkey, Azerbaijan, and Hungary.

Universal Vision Biotechnology

Market Cap: NT$15.1b

Operates a chain of eye care clinics in Taiwan and China.

Select Medical Holdings

Market Cap: US$1.6b

Through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.

T&L

Market Cap: ₩427.8b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

Kossan Rubber Industries Bhd

Market Cap: RM 3.1b

An investment holding company, manufactures and sells latex disposable gloves in Malaysia and internationally.

Scope Fluidics

Market Cap: zł419.8m

A biotechnology company, designs and develops projects based on microfluidic technologies in medical diagnostics and healthcare in Poland.

C-Rad

Market Cap: SEK 1.1b

Develops, manufactures, and sells products and systems with applications in radiotherapy for the treatment of cancer in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Shofu

Market Cap: JP¥73.1b

Manufactures and sells dental materials and equipment worldwide.

ASTERASYSLtd

Market Cap: ₩349.0b

Manufactures and sells medical equipment for hospitals and skin care devices for beauty care clinics and salons in South Korea, Europe, Asia, the Middle East, Africa, North America, South America, Australia, and New Zealand.

Voxel

Market Cap: zł1.8b

Operates a network of diagnostic imaging laboratories in Poland.

NEUCA

Market Cap: zł2.9b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Synektik Spólka Akcyjna

Market Cap: zł1.9b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Hygeia Healthcare Holdings

Market Cap: HK$9.5b

Offers oncology healthcare services in the People's Republic of China.

Kangji Medical Holdings

Market Cap: HK$10.4b

An investment holding company, designs, develops, manufactures, and sells minimally invasive surgical instruments and accessories in Mainland China and internationally.

Ship Healthcare Holdings

Market Cap: JP¥209.9b

Engages in the medical, healthcare, welfare, and nursing care businesses in Japan and internationally.

Tactile Systems Technology

Market Cap: US$294.9m

A medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States.

Shenzhen YHLO Biotech

Market Cap: CN¥8.9b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Elan

Market Cap: JP¥50.7b

Engages in the nursing care business primarily in Japan.

Cogstate

Market Cap: AU$309.5m

A neuroscience technology company, engages in the creation, validation, and commercialization of digital brain health assessments used in both academic and industry-sponsored research.

Vimian Group

Market Cap: SEK 16.9b

Engages in the animal health business worldwide.

Pennant Group

Market Cap: US$869.9m

Provides healthcare services in the United States.

Medios

Market Cap: €366.8m

Supplies specialty pharmaceutical drugs primarily in Germany.