Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Medical Equipment Industry Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.05%
  • 3M-55.0%
  • 1Y-57.1%
  • YTDn/a

The Medical Equipment industry has been flat over the last week, but Imricor Medical Systems has lost 8.0%. As for the longer term, the industry has declined 56% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Australian Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026AU$8.7bAU$2.9b-AU$266,665,955.8119.1x-32.7x3x
Fri, 10 Apr 2026AU$13.6bAU$2.9b-AU$278,609,508.9524.2x-48.9x4.7x
Sun, 08 Mar 2026AU$14.3bAU$2.9b-AU$273,981,395.4924.8x-52.2x4.9x
Tue, 03 Feb 2026AU$20.5bAU$2.8bAU$3.8m36.1x5440.3x7.4x
Thu, 01 Jan 2026AU$19.6bAU$2.8b-AU$5,951,054.4237.4x-3291.3x7.1x
Sat, 29 Nov 2025AU$21.1bAU$2.8b-AU$55,618,735.2736.5x-379.8x7.7x
Mon, 27 Oct 2025AU$21.7bAU$2.8b-AU$26,125,539.8230.6x-831.5x7.9x
Wed, 24 Sep 2025AU$21.6bAU$2.8b-AU$17,551,850.0736.9x-1231.6x7.8x
Fri, 22 Aug 2025AU$21.9bAU$2.7bAU$32.4m33.2x674.8x8x
Sun, 20 Jul 2025AU$22.2bAU$2.7bAU$23.3m34.6x955.2x8.3x
Tue, 17 Jun 2025AU$20.5bAU$2.7bAU$23.5m31.3x869.4x7.6x
Thu, 15 May 2025AU$19.1bAU$2.7bAU$24.5m29.6x779.5x7.1x
Sat, 12 Apr 2025AU$18.3bAU$2.7bAU$26.3m27.9x695.1x6.8x
Mon, 10 Mar 2025AU$19.7bAU$2.7bAU$33.7m29.1x584.3x7.3x
Wed, 05 Feb 2025AU$22.9bAU$2.6bAU$25.4m57.3x901.8x8.8x
Fri, 03 Jan 2025AU$21.0bAU$2.6bAU$25.7m53.8x817.6x8.1x
Sun, 01 Dec 2024AU$21.8bAU$2.6bAU$56.4m55.8x387x8.4x
Tue, 29 Oct 2024AU$20.6bAU$2.6bAU$59.4m52.4x347.6x7.9x
Thu, 26 Sep 2024AU$19.9bAU$2.6bAU$60.4m50.6x329.5x7.7x
Sat, 24 Aug 2024AU$22.1bAU$2.6bAU$16.4m46.2x1346.8x8.6x
Mon, 22 Jul 2024AU$23.3bAU$2.5bAU$35.3m47.7x659.4x9.4x
Wed, 19 Jun 2024AU$23.7bAU$2.5bAU$34.7m47.5x682.3x9.6x
Fri, 17 May 2024AU$24.1bAU$2.5bAU$35.3m34.5x684.2x9.7x
Sun, 14 Apr 2024AU$23.0bAU$2.5bAU$33.3m38.1x690.2x9.3x
Tue, 12 Mar 2024AU$23.9bAU$2.5bAU$34.4m39.5x694.7x9.6x
Thu, 08 Feb 2024AU$20.8bAU$2.2bAU$55.5m43.9x374.9x9.3x
Sat, 06 Jan 2024AU$21.3bAU$2.2bAU$32.1m44.2x663x9.5x
Mon, 04 Dec 2023AU$19.5bAU$2.2bAU$32.0m42.1x609.9x8.7x
Wed, 01 Nov 2023AU$17.4bAU$2.2bAU$29.3m37.5x593.8x7.8x
Fri, 29 Sep 2023AU$18.6bAU$2.2bAU$27.2m40.1x686.2x8.4x
Sun, 27 Aug 2023AU$19.5bAU$2.2b-AU$2,224,600.0039.9x-8754.2x8.7x
Tue, 25 Jul 2023AU$17.5bAU$2.0b-AU$61,769,892.0040.7x-282.7x8.7x
Thu, 22 Jun 2023AU$17.7bAU$2.0b-AU$61,576,253.0041.8x-287x8.8x
Sat, 20 May 2023AU$18.1bAU$2.0b-AU$62,854,265.0038.8x-288x9x
Price to Earnings Ratio

-288x


Total Market Cap: AU$18.1bTotal Earnings: -AU$62,854,265.00Total Revenue: AU$2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Medical Equipment Industry Price to Earnings3Y Average 447.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Healthcare Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 8.1x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Equipment industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Comparison

How does Australian Medical Equipment compare with similar industries?

AU Market-0.098%
Healthcare-9.22%
Medical Equipment-0.44%
Medical Equipment-0.054%
Medical Supplies-1.04%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
COH CochlearAU$100.063.1%
+AU$194.9m		-62.2%PE19x
AVR Anteris Technologies GlobalAU$9.285.6%
+AU$47.7m		34.3%PS353.1x
EBR EBR SystemsAU$0.571.8%
+AU$4.5m		-49.1%PS47.1x
CYC CyclopharmAU$0.774.8%
+AU$4.4m		-33.3%PS3x
CC5 Clever Culture SystemsAU$0.0239.5%
+AU$4.4m		21.1%PS9.7x

Latest News

CC5
AU$0.023
Clever Culture Systems
7D
9.5%
1Y
21.1%
CYC
AU$0.77
Cyclopharm
7D
4.8%
1Y
-33.3%
Narrative Update • May 12

CYC: Follow On Equity Offering Will Support Future Upside Potential

Analysts have kept their A$ fair value estimate for Cyclopharm effectively unchanged, with only small adjustments to the discount rate, profit margin, and future P/E assumptions, resulting in a modest change to the price target. What's in the News Cyclopharm completed a follow on equity offering of A$0.182492 million in ordinary shares.
COH
AU$100.06
Cochlear
7D
3.1%
1Y
-62.2%
Narrative Update • May 09

COH: Steadier Growth Assumptions Will Support Future Upside If Execution Holds

The updated analyst price target for Cochlear has shifted from A$239.95 to A$126.08 as analysts incorporate more moderate assumptions for revenue growth, profit margins and future P/E. This reflects mixed recent research views from Citi and Morgan Stanley.
AVR
AU$9.28
Anteris Technologies Global
7D
5.6%
1Y
34.3%
SLD
AU$0.47
Saluda Medical
7D
-7.8%
1Y
n/a
VHL
AU$0.012
Vitasora Health
7D
-14.3%
1Y
-73.3%
IMR
AU$1.77
Imricor Medical Systems
7D
-9.9%
1Y
6.3%
CQT
AU$0.039
CONNEQT Health
7D
11.4%
1Y
-18.8%
EYE
AU$0.13
Nova Eye Medical
7D
4.0%
1Y
13.0%
Narrative Update • Apr 27

EYE: Reaffirmed 2026 Guidance Will Support Confidence In Undervalued Upside Potential

Analysts have maintained their A$ price target for Nova Eye Medical, with only minor adjustments to underlying assumptions such as discount rate, revenue growth, profit margin and future P/E, resulting in an unchanged fair value estimate. What's in the News Nova Eye Medical reaffirmed earnings guidance for 2026, keeping its outlook unchanged.
HMD
AU$0.04
HeraMED
7D
-13.0%
1Y
110.5%
EBR
AU$0.57
EBR Systems
7D
1.8%
1Y
-49.1%
EMV
AU$1.85
EMVision Medical Devices
7D
-4.1%
1Y
3.4%
NTI
AU$0.013
Neurotech International
7D
13.6%
1Y
-43.2%
EPI
AU$0.43
Epiminder
7D
-5.4%
1Y
n/a
SOM
AU$0.57
SomnoMed
7D
-4.2%
1Y
12.7%
OIL
AU$0.10
Optiscan Imaging
7D
-4.5%
1Y
-16.0%