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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies57
  • 7D-4.6%
  • 3M-17.6%
  • 1Y2.6%
  • YTD-3.9%

Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by a pullback from Heron Neutron Medical of 9.9%. On the other hand Puriblood Medical is actually up 7.8%. This takes the industry's 12 month performance to a gain of 7.2%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026NT$237.4bNT$69.7bNT$5.9b18.6x40.5x3.4x
Fri, 05 Dec 2025NT$278.1bNT$70.5bNT$5.9b19.8x46.9x3.9x
Sun, 02 Nov 2025NT$305.0bNT$70.3bNT$5.0b21.2x60.6x4.3x
Tue, 30 Sep 2025NT$290.3bNT$69.3bNT$5.1b22.3x57.4x4.2x
Thu, 28 Aug 2025NT$324.8bNT$69.3bNT$5.1b21.9x63.6x4.7x
Sat, 26 Jul 2025NT$328.4bNT$69.0bNT$6.0b19.4x54.9x4.8x
Mon, 23 Jun 2025NT$296.6bNT$69.0bNT$6.0b18.8x49.4x4.3x
Wed, 21 May 2025NT$273.6bNT$68.9bNT$6.0b18.9x45.3x4x
Fri, 18 Apr 2025NT$247.0bNT$67.8bNT$6.3b19x39.2x3.6x
Sun, 16 Mar 2025NT$282.5bNT$67.0bNT$6.2b19.9x45.9x4.2x
Tue, 11 Feb 2025NT$250.3bNT$66.7bNT$6.0b18.2x41.5x3.7x
Thu, 09 Jan 2025NT$237.6bNT$66.7bNT$6.0b18.6x39.4x3.6x
Sat, 07 Dec 2024NT$243.7bNT$66.4bNT$6.2b19.7x39.4x3.7x
Mon, 04 Nov 2024NT$221.2bNT$64.7bNT$6.6b20.8x33.4x3.4x
Wed, 02 Oct 2024NT$234.0bNT$64.7bNT$6.6b21.4x35.6x3.6x
Fri, 30 Aug 2024NT$245.8bNT$64.7bNT$6.6b21.7x37.5x3.8x
Sun, 28 Jul 2024NT$240.0bNT$63.8bNT$5.9b21.2x40.7x3.8x
Tue, 25 Jun 2024NT$243.6bNT$63.5bNT$5.8b22.4x42.3x3.8x
Thu, 23 May 2024NT$232.2bNT$63.4bNT$5.7b21.5x40.4x3.7x
Sat, 20 Apr 2024NT$226.7bNT$63.1bNT$5.3b26.8x42.8x3.6x
Mon, 18 Mar 2024NT$223.0bNT$63.6bNT$5.4b27.6x41.3x3.5x
Wed, 14 Feb 2024NT$213.1bNT$62.5bNT$5.6b26.6x37.9x3.4x
Fri, 12 Jan 2024NT$207.7bNT$62.2bNT$5.5b27.9x38x3.3x
Sun, 10 Dec 2023NT$204.4bNT$62.2bNT$5.5b26.6x37.4x3.3x
Tue, 07 Nov 2023NT$193.3bNT$64.0bNT$6.2b25.8x30.9x3x
Thu, 05 Oct 2023NT$194.6bNT$64.2bNT$6.6b25.6x29.5x3x
Sat, 02 Sep 2023NT$195.4bNT$64.2bNT$6.6b26.1x29.7x3x
Mon, 31 Jul 2023NT$205.0bNT$68.1bNT$9.1b24.4x22.4x3x
Wed, 28 Jun 2023NT$202.3bNT$67.6bNT$9.2b24.6x22x3x
Fri, 26 May 2023NT$199.0bNT$67.7bNT$9.7b21.6x20.5x2.9x
Sun, 23 Apr 2023NT$203.8bNT$68.1bNT$10.0b19.7x20.4x3x
Tue, 21 Mar 2023NT$200.3bNT$67.7bNT$10.2b20.3x19.6x3x
Thu, 16 Feb 2023NT$201.0bNT$66.9bNT$10.2b20.8x19.7x3x
Sat, 14 Jan 2023NT$188.4bNT$66.9bNT$10.2b18.9x18.5x2.8x
Price to Earnings Ratio

18.5x


Total Market Cap: NT$188.4bTotal Earnings: NT$10.2bTotal Revenue: NT$66.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 37.9x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.1x which is higher than its 3-year average PE of 37.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 17% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Taiwanese Healthcare industry?

TW Market6.10%
Healthcare-1.01%
Medical Equipment-4.56%
Medical Supplies-0.85%
Medical Equipment-6.84%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 3kx.
    • Analysts are expecting annual earnings growth of 23.0%, which is higher than its past year's earnings growth of 20.3% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 15% 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
6934 HCmed InnovationsNT$91.004.4%
+NT$124.3m		12.5%PS24.2x
6649 Taiwan BiomaterialNT$49.156.4%
+NT$123.9m		45.2%PE36.3x
6847 Puriblood MedicalNT$78.2010.0%
+NT$101.0m		-22.6%PS9.5x
6782 Visco VisionNT$175.500.6%
+NT$63.0m		-0.8%PE14.6x
6598 Applied BioCodeNT$22.401.8%
+NT$41.1m		11.7%PS5.2x

Latest News

6598
NT$22.40
Applied BioCode
7D
1.8%
1Y
11.7%
6934
NT$91.00
HCmed Innovations
7D
4.4%
1Y
12.5%
4737
NT$55.30
Bionime
7D
-9.3%
1Y
-5.0%
6847
NT$78.20
Puriblood Medical
7D
10.0%
1Y
-22.6%
7799
NT$391.50
Heron Neutron Medical
7D
-13.0%
1Y
91.9%
4744
NT$29.60
CVC Technologies
7D
2.6%
1Y
26.2%
1565
NT$114.50
St.Shine OpticalLtd
7D
-2.1%
1Y
-41.1%
1786
NT$71.90
SciVision Biotech
7D
-2.4%
1Y
-36.4%
6782
NT$175.50
Visco Vision
7D
0.6%
1Y
-0.8%
6649
NT$49.15
Taiwan Biomaterial
7D
6.4%
1Y
45.2%
6612
NT$71.80
ICARES Medicus
7D
-4.1%
1Y
-33.6%
4107
NT$121.50
Bioteque
7D
0.4%
1Y
-3.6%
6491
NT$280.00
Pegavision
7D
-1.2%
1Y
-25.7%
6762
NT$175.00
Delta Asia International
7D
-5.7%
1Y
-27.2%
6499
NT$92.70
Medeon Biodesign
7D
-2.7%
1Y
137.4%
7575
NT$29.65
Amed
7D
3.9%
1Y
-32.2%