Global Healthcare Potentially Undervalued Small Caps

Cambridge Cognition Holdings

Market Cap: UK£15.4m

Develops and markets digital solutions for the assessment of brain health in the United States, United Kingdom, the European Union, and internationally.

Mentice

Market Cap: SEK 407.8m

Develops, sells, and markets solutions for training and decision support in the clinical area of interventional angiography in cardiology, neurology, vascular surgery, and radiology.

NeuPath Health

Market Cap: CA$34.3m

Provides chronic pain management services in Canada.

Boule Diagnostics

Market Cap: SEK 147.6m

Develops, manufactures, and markets instruments and consumable products for blood diagnostics in the United States of America, Asia, Eastern Europe, Latin America, Western Europe, Africa, and the Middle East.

Compumedics

Market Cap: AU$44.9m

Engages in the research, development, manufacture, and distribution of medical equipment and related technologies in the Americas, Australia, the Asia Pacific, Europe, and the Middle East.

Safe Fertility Group

Market Cap: ฿1.6b

Provides fertility medical center services in Thailand.

Austco Healthcare

Market Cap: AU$84.3m

Engages in the business of development, manufacture, service, supply, and distribution of healthcare communications equipment and software in Australia, New Zealand, Asia, Europe, and North America.

PMCK Berhad

Market Cap: RM 229.0m

An investment holding company, provides specialist consultant, healthcare support, and other services in Malaysia.

Nakornthon Hospital

Market Cap: ฿2.0b

Operates a hospital that provides various medical services in Thailand.

Optomed Oyj

Market Cap: €34.5m

Manufactures and sells handheld fundus cameras in Finland, rest of Europe, and internationally.

Svas Biosana

Market Cap: €44.8m

Engages in the production and marketing of medical devices worldwide.

Bactiguard Holding

Market Cap: SEK 585.2m

A medTech company, provides infection prevention technology and solutions in orthopedics, cardiology, neurology, urology, and vascular access areas.

Nova Eye Medical

Market Cap: AU$37.0m

Designs, develops, manufactures, markets, and sells surgical devices for the treatment of glaucoma in Australia, the United States, Europe, the Asia Pacific, and internationally.

DarioHealth

Market Cap: US$51.9m

Operates as a digital health company in the United States and internationally.

ImpediMed

Market Cap: AU$18.3m

A medical technology company, develops, manufactures, and sells bioimpedance spectroscopy (BIS) technology medical devices and software services in Australia, Europe, the United States, and internationally.

SomnoMed

Market Cap: AU$93.1m

SomnoMed Limited, together with its subsidiaries, produce and sells devices for the oral treatment of sleep related disorders in the Asia Pacific region, North America, and Europe.

CleanSpace Holdings

Market Cap: AU$32.0m

Designs, manufactures, and sells respirators and related products and services for people working in industrial and healthcare environments in the United Kingdom, rest of Europe, the Asia Pacific, North America, and internationally.

ASO International

Market Cap: JP¥7.0b

Operates in dental orthodontics business in Japan.

Dosni Roha Indonesia

Market Cap: Rp125.5b

Through its subsidiaries, engages in trading, export-import, logistic, and information technology (IT) businesses in Indonesia.

International Medical Center of Biomaterials Processing and Cryostorage

Market Cap: ₽1.0b

International Medical Center of Biomaterials Processing and Cryostorage Public Joint-stock company operates as a licensed bank for personal storage of cord blood stem cells and tissue of the umbilical cord in Russia and the CIS countries.

AMCO United Holding

Market Cap: HK$106.4m

An investment holding company, engages in the manufacturing of medical devices in Hong Kong, the People's Republic of China, and internationally.

Nissan Medical Industries

Market Cap: ₪73.9m

Manufactures and markets spunlace non-woven fabrics in the United States, Canada, Europe, the Far East, Israel, and internationally.

Daxor

Market Cap: US$63.2m

Engages in medical instrumentation and biotechnology operations.

Medicon Hellas

Market Cap: €12.2m

Operates in the diagnostics industry that offers instruments, tests, and procedures to clinical and research labs in Greece and internationally.

Rockwell Medical

Market Cap: US$28.5m

Engages in the development, manufacture, commercialization, and distribution of various hemodialysis products for dialysis providers worldwide.

Singapore Paincare Holdings

Market Cap: S$10.6m

An investment holding company, operates medical clinics in Singapore.

Artra Group

Market Cap: JP¥2.0b

Provides support services for acupuncture and osteopathic clinics in Japan.

GIMIC

Market Cap: JP¥3.0b

Develops and operates a medical service software.

Medilines Distributors

Market Cap: ₱571.3m

Engages in the importation, trading, sales, marketing, and distribution of medical-related goods in the Philippines.

AViTA

Market Cap: NT$1.2b

Engages in the research, development, manufacturing, and sales of home healthcare products.

Wonbiogen

Market Cap: ₩37.1b

Manufactures and sells wound dressings in South Korea, rest of Asia, Europe, and internationally.

Genoray

Market Cap: ₩43.5b

Engages in the research, development, manufacture, and sale of medical and dental x-ray devices in South Korea.

Human Health Holdings

Market Cap: HK$277.1m

An investment holding company, provides healthcare services in Hong Kong.

UMP Healthcare Holdings

Market Cap: HK$353.3m

An investment holding company, provides a range of medical and healthcare services in Hong Kong, Macau, and Mainland China.

Star Imaging and Path Lab

Market Cap: ₹1.5b

Operates as a diagnostic testing network and provides diagnostic imaging services and clinical laboratory tests in India.

Comfort Gloves Berhad

Market Cap: RM 75.3m

An investment holding company, manufactures and trades in nitrile and latex gloves in Malaysia, the United States, Canada, Asia, Europe, and internationally.