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U.S. Healthtech Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies68
  • 7D-4.4%
  • 3M-4.1%
  • 1Y8.8%
  • YTD12.2%

Over the last 7 days, the Healthtech industry has dropped 4.3%, driven by a pullback from Doximity of 21%. Over the past 12 months, the industry was up 8.6%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the U.S. Healthtech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Nov 2025US$76.6bUS$13.1b-US$24,352,903.0060x-3144.8x5.9x
Sun, 12 Oct 2025US$78.4bUS$13.1b-US$211,110,296.0058x-371.2x6x
Tue, 09 Sep 2025US$77.2bUS$13.2b-US$266,647,296.0057.2x-289.4x5.8x
Thu, 07 Aug 2025US$75.8bUS$13.3b-US$554,730,447.0058.5x-136.6x5.7x
Sat, 05 Jul 2025US$79.4bUS$13.2b-US$1,382,394,447.0055.7x-57.4x6x
Mon, 02 Jun 2025US$75.3bUS$13.2b-US$1,382,393,022.0055.6x-54.5x5.7x
Wed, 30 Apr 2025US$68.0bUS$13.2b-US$1,417,865,959.0053.8x-48x5.2x
Fri, 28 Mar 2025US$69.9bUS$13.2b-US$1,405,690,435.0056.4x-49.8x5.3x
Sun, 23 Feb 2025US$73.1bUS$13.0b-US$1,560,607,514.0061.2x-46.9x5.6x
Tue, 21 Jan 2025US$66.3bUS$12.9b-US$1,638,054,514.0055.2x-40.5x5.1x
Thu, 19 Dec 2024US$67.7bUS$12.9b-US$1,636,315,514.0055x-41.4x5.3x
Sat, 16 Nov 2024US$66.5bUS$12.8b-US$1,673,824,468.0054.6x-39.7x5.2x
Mon, 14 Oct 2024US$65.0bUS$14.0b-US$3,264,789,368.0053.6x-19.9x4.7x
Wed, 11 Sep 2024US$66.2bUS$14.0b-US$3,301,808,821.0056.3x-20.1x4.7x
Fri, 09 Aug 2024US$55.4bUS$13.7b-US$3,382,500,079.0050.8x-16.4x4x
Sun, 07 Jul 2024US$56.6bUS$13.7b-US$1,860,692,542.0049.9x-30.4x4.1x
Tue, 04 Jun 2024US$52.7bUS$12.7b-US$1,885,422,856.0046.9x-28x4.1x
Thu, 02 May 2024US$57.0bUS$12.7b-US$1,630,193,679.0046.8x-35x4.5x
Sat, 30 Mar 2024US$65.0bUS$14.3b-US$1,512,777,253.0050.5x-43x4.6x
Mon, 26 Feb 2024US$63.3bUS$14.0b-US$1,904,502,794.0053.4x-33.3x4.5x
Wed, 24 Jan 2024US$74.3bUS$18.3b-US$5,780,316,752.0060.2x-12.9x4.1x
Fri, 22 Dec 2023US$69.6bUS$18.3b-US$5,781,192,665.0056.7x-12x3.8x
Sun, 19 Nov 2023US$65.4bUS$18.2b-US$5,940,504,804.0052.5x-11x3.6x
Tue, 17 Oct 2023US$70.9bUS$18.0b-US$5,559,240,965.0053.7x-12.8x3.9x
Thu, 14 Sep 2023US$73.1bUS$18.0b-US$5,515,729,389.0049.1x-13.3x4.1x
Sat, 12 Aug 2023US$73.2bUS$17.9b-US$5,549,925,391.0059.9x-13.2x4.1x
Mon, 10 Jul 2023US$74.8bUS$17.7b-US$8,580,548,318.0059.9x-8.7x4.2x
Wed, 07 Jun 2023US$76.4bUS$17.7b-US$8,580,932,209.0061.2x-8.9x4.3x
Fri, 05 May 2023US$71.6bUS$17.6b-US$8,767,811,855.0057.2x-8.2x4.1x
Sun, 02 Apr 2023US$74.1bUS$17.7b-US$15,357,191,580.0056.4x-4.8x4.2x
Tue, 28 Feb 2023US$71.1bUS$17.8b-US$14,629,243,563.0051.9x-4.9x4x
Thu, 26 Jan 2023US$71.5bUS$17.5b-US$10,800,869,310.0046x-6.6x4.1x
Sat, 24 Dec 2022US$68.1bUS$35.5b-US$8,691,192,310.0034.4x-7.8x1.9x
Mon, 21 Nov 2022US$71.7bUS$17.4b-US$10,606,274,505.0044.3x-6.8x4.1x
Price to Earnings Ratio

-6.8x


Total Market Cap: US$71.7bTotal Earnings: -US$10,606,274,505.00Total Revenue: US$17.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthtech Industry Price to Earnings3Y Average -66.7x202320242025
Current Industry PE
  • Investors are optimistic on the American Healthcare Services industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 9.2% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the U.S. Healthcare industry?

US Market-0.23%
Healthcare4.07%
Healthtech-4.38%
Healthtech-4.38%
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
VEEV Veeva SystemsUS$291.700.2%
+US$80.3m
27.0%PE59x
TBRG TruBridgeUS$20.426.1%
+US$17.7m
30.2%PE84.9x
PHR PhreesiaUS$22.531.2%
+US$15.6m
7.3%PS3x
DH Definitive HealthcareUS$2.722.6%
+US$7.2m
-39.0%PS1.2x
BFRG Bullfrog AI HoldingsUS$1.004.2%
+US$414.9k
-55.9%PS312.6x

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