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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies56
  • 7D-6.8%
  • 3M-8.0%
  • 1Y-22.5%
  • YTD-11.2%

Over the last 7 days, the Medical Equipment industry has dropped 2.3%, driven by pullbacks in Asker Healthcare Group and Getinge of 10% and 5.5%, respectively. On the other hand Clinical Laserthermia Systems is actually up 15%. However, the industry is down 19% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025SEK 176.4bSEK 93.3bSEK 1.4b47.5x126.5x1.9x
Sun, 24 Aug 2025SEK 195.0bSEK 93.5bSEK 1.4b54.9x141x2.1x
Tue, 22 Jul 2025SEK 194.3bSEK 93.2bSEK 1.4b45.9x138.4x2.1x
Thu, 19 Jun 2025SEK 187.5bSEK 93.4bSEK 1.5b38.6x126.5x2x
Sat, 17 May 2025SEK 188.8bSEK 93.3bSEK 2.3b33.4x83.8x2x
Mon, 14 Apr 2025SEK 165.7bSEK 91.5bSEK 2.9b27.6x57.9x1.8x
Wed, 12 Mar 2025SEK 155.6bSEK 76.5bSEK 2.5b28x62.4x2x
Fri, 07 Feb 2025SEK 173.4bSEK 76.0bSEK 1.8b32.6x97.3x2.3x
Sun, 05 Jan 2025SEK 157.1bSEK 74.7bSEK 1.8b29.2x86x2.1x
Tue, 03 Dec 2024SEK 157.8bSEK 74.7bSEK 1.8b27.7x85.3x2.1x
Thu, 31 Oct 2024SEK 164.1bSEK 75.1bSEK 1.9b32.2x84.2x2.2x
Sat, 28 Sep 2024SEK 182.4bSEK 74.5bSEK 3.1b24.5x58.5x2.4x
Mon, 26 Aug 2024SEK 178.6bSEK 74.5bSEK 3.3b30.3x54.1x2.4x
Wed, 24 Jul 2024SEK 169.3bSEK 74.5bSEK 3.0b28.9x55.6x2.3x
Fri, 21 Jun 2024SEK 156.9bSEK 72.8bSEK 2.6b29x59.7x2.2x
Sun, 19 May 2024SEK 164.9bSEK 73.0bSEK 2.8b27.8x59.7x2.3x
Tue, 16 Apr 2024SEK 169.1bSEK 72.2bSEK 2.6b35x65.9x2.3x
Thu, 14 Mar 2024SEK 164.8bSEK 72.2bSEK 2.4b31.7x67.7x2.3x
Sat, 10 Feb 2024SEK 159.0bSEK 71.7bSEK 2.2b43.7x70.7x2.2x
Mon, 08 Jan 2024SEK 173.9bSEK 71.4bSEK 1.5b40.9x113.6x2.4x
Wed, 06 Dec 2023SEK 167.7bSEK 70.6bSEK 1.5b36x113.6x2.4x
Fri, 03 Nov 2023SEK 149.7bSEK 69.9bSEK 1.2b29.3x123.6x2.1x
Sun, 01 Oct 2023SEK 148.4bSEK 68.7bSEK 1.1b30.7x137.5x2.2x
Tue, 29 Aug 2023SEK 154.8bSEK 68.8bSEK 1.1b29.8x140.9x2.2x
Thu, 27 Jul 2023SEK 164.8bSEK 68.0bSEK 949.6m34.2x173.5x2.4x
Sat, 24 Jun 2023SEK 158.1bSEK 67.0bSEK 1.3b32.7x118.2x2.4x
Mon, 22 May 2023SEK 185.2bSEK 65.9bSEK 1.4b37.5x134.6x2.8x
Wed, 19 Apr 2023SEK 178.0bSEK 64.0bSEK 1.4b33.9x130.4x2.8x
Fri, 17 Mar 2023SEK 167.1bSEK 64.0bSEK 1.4b36.8x116.4x2.6x
Sun, 12 Feb 2023SEK 172.0bSEK 62.7bSEK 2.0b41.8x87x2.7x
Tue, 10 Jan 2023SEK 165.2bSEK 61.8bSEK 2.3b27.5x71.3x2.7x
Thu, 08 Dec 2022SEK 168.2bSEK 61.8bSEK 2.4b27x70.8x2.7x
Sat, 05 Nov 2022SEK 167.8bSEK 61.0bSEK 2.7b24.6x61.7x2.8x
Mon, 03 Oct 2022SEK 149.6bSEK 59.7bSEK 2.8b26.2x54.2x2.5x
Price to Earnings Ratio

54.2x


Total Market Cap: SEK 149.6bTotal Earnings: SEK 2.8bTotal Revenue: SEK 59.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 96.1x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 131x which is higher than its 3-year average PE of 96.1x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 16% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Healthcare industry?

SE Market-1.57%
Healthcare-3.35%
Medical Equipment-6.82%
Medical Equipment-6.03%
Medical Supplies-8.53%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 75.1x.
    • Analysts are expecting annual earnings growth of 33.5%, which is higher than its past year's earnings decline of 41.3% per year.
  • Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CLS B Clinical Laserthermia SystemsSEK 9.4314.7%
+SEK 31.1m		94.4%PS10.1x
BIBB BiBBInstrumentsSEK 3.7012.1%
+SEK 16.3m		-38.3%PS3865x
PRLD Prolight DiagnosticsSEK 0.233.6%
+SEK 9.6m		24.2%PS8x
SCIB SciBase HoldingSEK 0.396.0%
+SEK 9.1m		-11.6%PS4.6x
NOSA Nosa PlugsSEK 0.714.2%
+SEK 7.5m		22.1%PS10.2x

Latest News

EKTA B
SEK 47.34
Elekta
7D
-7.2%
1Y
-33.8%
SCIB
SEK 0.39
SciBase Holding
7D
6.0%
1Y
-11.6%
IMP A SDB
SEK 65.70
Implantica
7D
-9.8%
1Y
46.2%
VIMIAN
SEK 28.94
Vimian Group
7D
-5.1%
1Y
-36.7%
ASKER
SEK 83.10
Asker Healthcare Group
7D
-10.3%
1Y
n/a
GETI B
SEK 199.45
Getinge
7D
-5.5%
1Y
-8.7%

Advanced Digital Health And Infection Control Will Drive Future Markets

The consensus Price Target for Getinge has increased despite a significant rise in future P/E and a notable decline in net profit margin, now standing at SEK235.71. What's in the News Getinge AB (publ) has been dropped from the OMX Stockholm 30 Index.
ACARIX
SEK 0.31
Acarix
7D
2.1%
1Y
0.7%
SUS
SEK 87.00
Surgical Science Sweden
7D
-6.0%
1Y
-32.3%

Surgical And Robotic Simulation Will Improve Patient Safety

With both the discount rate and future P/E ratio essentially unchanged, Surgical Science Sweden's fair value remains steady at SEK163.00. Valuation Changes Summary of Valuation Changes for Surgical Science Sweden The Consensus Analyst Price Target remained effectively unchanged, at SEK163.00.
BIBB
SEK 3.70
BiBBInstruments
7D
12.1%
1Y
-38.3%
ARJO B
SEK 32.02
Arjo
7D
-3.7%
1Y
-26.6%
NOSA
SEK 0.71
Nosa Plugs
7D
4.2%
1Y
22.1%
CLS B
SEK 9.43
Clinical Laserthermia Systems
7D
14.7%
1Y
94.4%
XVIVO
SEK 167.90
Xvivo Perfusion
7D
-7.1%
1Y
-67.0%
CMOTEC B
SEK 7.00
Scandinavian ChemoTech
7D
4.5%
1Y
207.0%
PRLD
SEK 0.23
Prolight Diagnostics
7D
3.6%
1Y
24.2%
GTAB B
SEK 2.09
Glycorex Transplantation
7D
4.5%
1Y
-7.1%