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U.S. Healthtech Industry Analysis

UpdatedMay 15, 2025
DataAggregated Company Financials
Companies71
  • 7D1.1%
  • 3M-8.5%
  • 1Y8.9%
  • YTD7.6%

Over the last 7 days, the Healthtech industry has risen 1.1%, driven by gains from Veeva Systems of 0.8%. In the last 12 months, the industry was up 8.9%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 May 2025US$71.4bUS$13.1b-US$1,455,625,534.0056.5x-49.1x5.5x
Sat, 12 Apr 2025US$62.9bUS$13.2b-US$1,415,308,497.0049.7x-44.5x4.8x
Mon, 10 Mar 2025US$72.3bUS$13.1b-US$1,519,804,514.0059.6x-47.6x5.5x
Wed, 05 Feb 2025US$71.3bUS$12.9b-US$1,638,054,514.0059.9x-43.5x5.5x
Fri, 03 Jan 2025US$65.1bUS$12.9b-US$1,636,315,514.0053.8x-39.8x5.1x
Sun, 01 Dec 2024US$68.1bUS$12.8b-US$1,712,780,390.0058.4x-39.7x5.3x
Tue, 29 Oct 2024US$62.7bUS$13.6b-US$3,127,204,656.0049.2x-20x4.6x
Thu, 26 Sep 2024US$64.3bUS$14.0b-US$3,288,675,208.0052.6x-19.6x4.6x
Sat, 24 Aug 2024US$62.1bUS$13.9b-US$3,379,735,604.0059x-18.4x4.5x
Mon, 22 Jul 2024US$58.1bUS$13.7b-US$1,860,692,542.0052.6x-31.2x4.3x
Wed, 19 Jun 2024US$56.7bUS$13.7b-US$1,889,788,216.0047.1x-30x4.2x
Fri, 17 May 2024US$58.4bUS$12.8b-US$1,978,869,031.0046.6x-29.5x4.6x
Sun, 14 Apr 2024US$60.9bUS$12.7b-US$1,616,515,745.0048.4x-37.7x4.8x
Tue, 12 Mar 2024US$64.5bUS$14.1b-US$1,445,414,794.0050.2x-44.6x4.6x
Thu, 08 Feb 2024US$61.4bUS$13.8b-US$5,690,204,752.0060.9x-10.8x4.5x
Sat, 06 Jan 2024US$70.0bUS$18.3b-US$5,780,492,665.0052.7x-12.1x3.8x
Mon, 04 Dec 2023US$66.7bUS$18.2b-US$5,807,346,665.0053.2x-11.5x3.7x
Wed, 01 Nov 2023US$65.5bUS$18.1b-US$5,527,928,965.0049.4x-11.8x3.6x
Fri, 29 Sep 2023US$69.5bUS$18.0b-US$5,514,972,389.0051.8x-12.6x3.9x
Sun, 27 Aug 2023US$69.5bUS$17.9b-US$5,554,149,562.0051.9x-12.5x3.9x
Tue, 25 Jul 2023US$76.8bUS$17.7b-US$8,580,548,318.0060.5x-8.9x4.3x
Thu, 22 Jun 2023US$76.1bUS$17.7b-US$8,580,509,261.0062.8x-8.9x4.3x
Sat, 20 May 2023US$68.8bUS$17.7b-US$8,626,979,320.0058.8x-8x3.9x
Mon, 17 Apr 2023US$73.0bUS$17.4b-US$14,978,932,055.0057x-4.9x4.2x
Wed, 15 Mar 2023US$70.6bUS$17.7b-US$15,404,160,403.0052.4x-4.6x4x
Fri, 10 Feb 2023US$73.6bUS$17.5b-US$10,804,200,563.0050.8x-6.8x4.2x
Sun, 08 Jan 2023US$66.4bUS$17.5b-US$10,803,491,310.0042.6x-6.1x3.8x
Tue, 06 Dec 2022US$71.3bUS$17.5b-US$10,602,609,310.0049.4x-6.7x4.1x
Thu, 03 Nov 2022US$67.2bUS$17.2b-US$10,559,547,342.0033.6x-6.4x3.9x
Sat, 01 Oct 2022US$70.4bUS$17.1b-US$10,593,627,342.0030.8x-6.6x4.1x
Mon, 29 Aug 2022US$82.0bUS$17.0b-US$10,549,847,342.0033.6x-7.8x4.8x
Wed, 27 Jul 2022US$92.8bUS$17.4b-US$7,973,791,542.0058.7x-11.6x5.3x
Fri, 24 Jun 2022US$119.2bUS$23.2b-US$7,415,282,621.0052x-16.1x5.1x
Sun, 22 May 2022US$110.4bUS$23.1b-US$7,364,921,621.0046.1x-15x4.8x
Price to Earnings Ratio

-15x


Total Market Cap: US$110.4bTotal Earnings: -US$7,364,921,621.00Total Revenue: US$23.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthtech Industry Price to Earnings3Y Average -20.2x202320242025
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 4.4x is lower than the industry's current PS ratio of 5.5x.
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 17% 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 Market5.09%
Healthcare-4.10%
Healthtech1.08%
Healthtech1.08%
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$240.300.8%
+US$322.6m
13.7%PE54.8x
DOCS DoximityUS$59.502.0%
+US$213.9m
149.5%PE55.4x
GDRX GoodRx HoldingsUS$4.2712.7%
+US$184.1m
-41.3%PE57.6x
PHR PhreesiaUS$26.157.2%
+US$102.9m
9.4%PS3.7x
CTEV ClaritevUS$26.8626.5%
+US$94.2m
6.8%PS0.5x
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Latest News

WAY

US$39.50

Waystar Holding

7D

-3.7%

1Y

n/a

TBRG

US$24.75

TruBridge

7D

-2.9%

1Y

176.5%

GDRX

US$4.27

GoodRx Holdings

7D

12.7%

1Y

-41.3%

EVH

US$8.94

Evolent Health

7D

-14.4%

1Y

-62.0%

VSEE

US$1.09

VSee Health

7D

-11.1%

1Y

-90.8%

DRIO

US$0.66

DarioHealth

7D

-4.6%

1Y

-64.3%

VEEV

US$240.30

Veeva Systems

7D

0.8%

1Y

13.7%

FORA

US$1.86

Forian

7D

-4.6%

1Y

-33.3%

DOCS

US$59.50

Doximity

7D

2.0%

1Y

149.5%

PHR

US$26.15

Phreesia

7D

7.2%

1Y

9.4%

WORX

US$0.53

SCWorx

7D

-5.3%

1Y

-77.4%