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U.S. Medical Equipment Industry Analysis

UpdatedApr 27, 2025
DataAggregated Company Financials
Companies241
  • 7D4.1%
  • 3M-8.3%
  • 1Y6.5%
  • YTD1.2%

Intuitive Surgical is up 6.6%, leading the way for the Medical Equipment industry, which has gained 4.1%. In the last 12 months, the industry was up 6.5%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Apr 2025US$1.3tUS$284.4bUS$28.3b31.6x46.1x4.6x
Tue, 25 Mar 2025US$1.3tUS$283.3bUS$27.4b29.8x48.1x4.7x
Thu, 20 Feb 2025US$1.4tUS$287.2bUS$30.4b33x46.7x4.9x
Sat, 18 Jan 2025US$1.4tUS$284.0bUS$23.1b36.4x58.9x4.8x
Mon, 16 Dec 2024US$1.3tUS$284.0bUS$23.6b35.8x56x4.6x
Wed, 13 Nov 2024US$1.3tUS$283.4bUS$23.0b37.9x58.3x4.7x
Fri, 11 Oct 2024US$1.3tUS$279.4bUS$22.1b37.4x59.2x4.7x
Sun, 08 Sep 2024US$1.3tUS$279.6bUS$22.2b37x58.2x4.6x
Tue, 06 Aug 2024US$1.2tUS$278.5bUS$23.2b34.9x53.2x4.4x
Thu, 04 Jul 2024US$1.2tUS$276.4bUS$22.7b36.6x53.8x4.4x
Sat, 01 Jun 2024US$1.2tUS$276.3bUS$22.7b37x54.4x4.5x
Mon, 29 Apr 2024US$1.2tUS$275.5bUS$24.4b36x51.1x4.5x
Wed, 27 Mar 2024US$1.3tUS$265.9bUS$22.6b39.6x56x4.8x
Fri, 23 Feb 2024US$1.3tUS$265.5bUS$22.3b36.4x56.8x4.8x
Sun, 21 Jan 2024US$1.2tUS$267.4bUS$20.2b37.8x61.5x4.6x
Tue, 19 Dec 2023US$1.2tUS$267.4bUS$20.2b36.6x59x4.4x
Thu, 16 Nov 2023US$1.1tUS$267.0bUS$19.7b35.3x55.1x4.1x
Sat, 14 Oct 2023US$1.0tUS$263.9bUS$15.1b33.2x69.1x3.9x
Mon, 11 Sep 2023US$1.2tUS$263.8bUS$15.0b34.4x77.4x4.4x
Wed, 09 Aug 2023US$1.2tUS$263.1bUS$15.3b35.2x78.8x4.6x
Fri, 07 Jul 2023US$1.3tUS$260.7bUS$16.2b36x77.8x4.8x
Sun, 04 Jun 2023US$1.2tUS$261.2bUS$16.2b36.4x75.6x4.7x
Tue, 02 May 2023US$1.3tUS$259.5bUS$17.3b37.8x74x4.9x
Thu, 30 Mar 2023US$1.2tUS$260.2bUS$18.5b35.9x63x4.5x
Sat, 25 Feb 2023US$1.1tUS$259.7bUS$18.7b38.4x61.3x4.4x
Mon, 23 Jan 2023US$1.2tUS$262.5bUS$20.8b33.7x56.8x4.5x
Wed, 21 Dec 2022US$1.1tUS$244.4bUS$19.0b32.9x57.9x4.5x
Fri, 18 Nov 2022US$1.1tUS$244.5bUS$20.0b32.2x53.6x4.4x
Sun, 16 Oct 2022US$1.0tUS$244.4bUS$26.5b31.1x38.1x4.1x
Tue, 13 Sep 2022US$1.2tUS$244.6bUS$26.3b34.6x44x4.7x
Thu, 11 Aug 2022US$1.2tUS$245.5bUS$26.8b33.1x43.5x4.7x
Sat, 09 Jul 2022US$1.1tUS$241.4bUS$26.2b34.4x41.5x4.5x
Mon, 06 Jun 2022US$1.1tUS$243.6bUS$26.2b35.9x43.5x4.7x
Wed, 04 May 2022US$1.2tUS$237.2bUS$26.1b34.3x45.2x5x
Price to Earnings Ratio

45.2x


Total Market Cap: US$1.2tTotal Earnings: US$26.1bTotal Revenue: US$237.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 57.1x202320242025
Current Industry PE
  • Investors are pessimistic on the American Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 46.1x which is lower than its 3-year average PE of 57.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 2.7% per year over the last three years.
  • Revenues for these companies have grown 6.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market4.78%
Healthcare2.30%
Medical Equipment4.15%
Medical Equipment4.19%
Medical Supplies3.48%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 54.2x.
    • Analysts expect its future annual earnings growth (11.3%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 0.8% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 11% 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
ISRG Intuitive SurgicalUS$514.596.6%
+US$11.5b
37.1%PE74.5x
BSX Boston ScientificUS$101.907.1%
+US$10.0b
39.3%PE74.2x
SYK StrykerUS$365.065.4%
+US$7.1b
8.8%PE46.6x
RMD ResMedUS$235.8810.8%
+US$3.4b
8.2%PE26.3x
GEHC GE HealthCare TechnologiesUS$68.429.7%
+US$2.8b
-20.7%PE15.7x
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Latest News

RMD

US$235.88

ResMed

7D

10.8%

1Y

8.2%

MDT

US$84.16

Medtronic

7D

1.9%

1Y

5.5%

PRCT

US$52.49

PROCEPT BioRobotics

7D

-1.0%

1Y

1.3%

GEHC

US$68.42

GE HealthCare Technologies

7D

9.7%

1Y

-20.7%

EW

US$76.04

Edwards Lifesciences

7D

6.3%

1Y

-12.0%

ESTA

US$29.97

Establishment Labs Holdings

7D

-4.7%

1Y

-38.2%

ICUI

US$135.66

ICU Medical

7D

-2.2%

1Y

43.0%

KMTS

US$24.24

Kestra Medical Technologies

7D

-1.1%

1Y

n/a

SOLV

US$66.07

Solventum

7D

-0.3%

1Y

2.5%

ABT

US$128.85

Abbott Laboratories

7D

-1.6%

1Y

19.8%

SNWV

US$28.48

SANUWAVE Health

7D

-5.0%

1Y

270.5%

SYK

US$365.06

Stryker

7D

5.4%

1Y

8.8%