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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedMay 31, 2025
DataAggregated Company Financials
Companies60
  • 7D5.9%
  • 3M-9.5%
  • 1Y-13.4%
  • YTD-3.6%

Over the last 7 days, the Medical Equipment industry has risen 5.9%, driven by gains in Vimian Group and Asker Healthcare Group of 18% and 8.9%, respectively. In the past year, the industry is down 13%. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 May 2025SEK 191.3bSEK 93.4bSEK 1.5b34.2x131.4x2x
Mon, 28 Apr 2025SEK 170.8bSEK 92.4bSEK 2.4b28.8x71.1x1.8x
Wed, 26 Mar 2025SEK 159.0bSEK 76.4bSEK 2.5b29.3x63.6x2.1x
Fri, 21 Feb 2025SEK 172.8bSEK 76.3bSEK 2.1b31.7x82.9x2.3x
Sun, 19 Jan 2025SEK 161.5bSEK 74.7bSEK 1.8b31x88.5x2.2x
Tue, 17 Dec 2024SEK 155.3bSEK 74.7bSEK 1.8b28x85.1x2.1x
Thu, 14 Nov 2024SEK 158.0bSEK 75.1bSEK 2.0b30.6x79.1x2.1x
Sat, 12 Oct 2024SEK 177.0bSEK 74.5bSEK 3.1b23.8x56.8x2.4x
Mon, 09 Sep 2024SEK 176.2bSEK 74.5bSEK 3.1b25.9x56.7x2.4x
Wed, 07 Aug 2024SEK 161.5bSEK 74.4bSEK 3.3b26.1x49.5x2.2x
Fri, 05 Jul 2024SEK 158.7bSEK 72.9bSEK 2.6b29.7x60.5x2.2x
Sun, 02 Jun 2024SEK 169.6bSEK 73.0bSEK 2.8b33.9x59.9x2.3x
Tue, 30 Apr 2024SEK 174.9bSEK 73.0bSEK 2.6b33.9x66.3x2.4x
Thu, 28 Mar 2024SEK 167.1bSEK 72.3bSEK 2.4b33.2x68.8x2.3x
Sat, 24 Feb 2024SEK 160.5bSEK 72.0bSEK 2.3b33.8x68.6x2.2x
Mon, 22 Jan 2024SEK 170.0bSEK 71.5bSEK 1.5b46.7x111.4x2.4x
Wed, 20 Dec 2023SEK 169.6bSEK 71.4bSEK 1.5b39.7x111.1x2.4x
Fri, 17 Nov 2023SEK 161.8bSEK 69.9bSEK 1.4b31.6x119.6x2.3x
Sun, 15 Oct 2023SEK 145.8bSEK 68.7bSEK 1.1b26.8x134.6x2.1x
Tue, 12 Sep 2023SEK 150.5bSEK 68.8bSEK 1.0b30x143.8x2.2x
Thu, 10 Aug 2023SEK 160.4bSEK 68.0bSEK 924.9m32x173.4x2.4x
Sat, 08 Jul 2023SEK 156.2bSEK 67.0bSEK 1.3b33.4x116.3x2.3x
Mon, 05 Jun 2023SEK 178.7bSEK 66.9bSEK 1.4b39.5x132.3x2.7x
Wed, 03 May 2023SEK 179.9bSEK 65.6bSEK 1.4b36.1x127.7x2.7x
Fri, 31 Mar 2023SEK 172.2bSEK 64.0bSEK 1.4b36.8x120.1x2.7x
Sun, 26 Feb 2023SEK 167.3bSEK 63.7bSEK 1.7b40x97.1x2.6x
Tue, 24 Jan 2023SEK 176.2bSEK 61.8bSEK 2.3b29.8x76.2x2.9x
Thu, 22 Dec 2022SEK 156.3bSEK 61.8bSEK 2.3b26.5x67.4x2.5x
Sat, 19 Nov 2022SEK 169.8bSEK 61.4bSEK 2.7b25.1x63.3x2.8x
Mon, 17 Oct 2022SEK 161.5bSEK 59.7bSEK 2.8b27x58.6x2.7x
Wed, 14 Sep 2022SEK 169.2bSEK 59.6bSEK 2.8b37.5x60.4x2.8x
Fri, 12 Aug 2022SEK 187.6bSEK 58.8bSEK 2.7b36.1x68.4x3.2x
Sun, 10 Jul 2022SEK 197.0bSEK 58.4bSEK 2.9b37.4x67.4x3.4x
Tue, 07 Jun 2022SEK 216.8bSEK 58.3bSEK 2.9b40.1x73.5x3.7x
Price to Earnings Ratio

73.5x


Total Market Cap: SEK 216.8bTotal Earnings: SEK 2.9bTotal Revenue: SEK 58.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 88.8x202320242025
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 88.8x.
  • The 3-year average PS ratio of 2.4x 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 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 17% 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 Market1.06%
Healthcare2.38%
Medical Equipment5.89%
Medical Supplies10.47%
Medical Equipment3.06%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 63.7x.
    • Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings decline of 10.0% 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 Supplies industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 58% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 32% 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
VIMIAN Vimian GroupSEK 46.0018.1%
+SEK 3.7b		31.6%PE114.7x
ASKER Asker Healthcare GroupSEK 103.408.9%
+SEK 3.2b		n/aPE103.7x
IMP A SDB ImplanticaSEK 41.9513.4%
+SEK 1.4b		40.5%PS523.5x
GETI B GetingeSEK 185.001.1%
+SEK 531.1m		-1.1%PE34.1x
EKTA B ElektaSEK 50.502.7%
+SEK 512.0m		-41.4%PE81.4x
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7D

2.7%

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INTEG B

SEK 17.76

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7D

-4.0%

1Y

-65.0%

ASKER

SEK 103.40

Asker Healthcare Group

7D

8.9%

1Y

n/a

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SEK 185.00

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7D

1.1%

1Y

-1.1%

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SEK 0.046

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SEK 4.65

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7D

-1.2%

1Y

-30.6%

IMP A SDB

SEK 41.95

Implantica

7D

13.4%

1Y

40.5%

ARJO B

SEK 30.64

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7D

6.5%

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SEK 2.40

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7D

-5.9%

1Y

20.6%

VSD B

SEK 1.66

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7D

-28.0%

1Y

78.0%

VIMIAN

SEK 46.00

Vimian Group

7D

18.1%

1Y

31.6%

OSSD

SEK 14.40

OssDsign

7D

12.5%

1Y

50.9%

ADDV A

SEK 3.00

ADDvise Group

7D

-0.7%

1Y

-78.6%

NANEXA

SEK 2.04

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7D

-5.3%

1Y

116.0%

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SEK 12.00

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7D

-3.2%

1Y

-55.6%

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SEK 194.40

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7D

5.7%

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