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U.S. Medical Equipment Industry Analysis

UpdatedDec 31, 2024
DataAggregated Company Financials
Companies242
  • 7D-0.8%
  • 3M-1.0%
  • 1Y8.4%
  • YTD8.7%

The Medical Equipment industry has stayed flat over the last week. As for the the longer term, the industry is up 10.0% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Dec 2024US$1.3tUS$284.0bUS$23.6b34.1x55.6x4.6x
Thu, 28 Nov 2024US$1.3tUS$283.5bUS$23.2b37.8x58x4.7x
Sat, 26 Oct 2024US$1.3tUS$281.2bUS$22.6b36.7x58.6x4.7x
Mon, 23 Sep 2024US$1.3tUS$279.4bUS$22.2b40.3x59.3x4.7x
Wed, 21 Aug 2024US$1.3tUS$279.6bUS$21.8b36.4x58.6x4.6x
Fri, 19 Jul 2024US$1.3tUS$276.4bUS$22.7b37.5x55.3x4.6x
Sun, 16 Jun 2024US$1.2tUS$276.4bUS$22.7b36.3x54.9x4.5x
Tue, 14 May 2024US$1.2tUS$277.0bUS$23.1b36.8x54x4.5x
Thu, 11 Apr 2024US$1.3tUS$274.1bUS$23.9b39.3x54.2x4.7x
Sat, 09 Mar 2024US$1.3tUS$266.0bUS$22.7b40x57.3x4.9x
Mon, 05 Feb 2024US$1.3tUS$269.2bUS$22.0b36x57.6x4.7x
Wed, 03 Jan 2024US$1.2tUS$267.4bUS$20.2b38.1x60x4.5x
Fri, 01 Dec 2023US$1.1tUS$267.4bUS$20.1b35.7x56.1x4.2x
Sun, 29 Oct 2023US$1.0tUS$264.9bUS$15.5b31.4x65.4x3.8x
Tue, 26 Sep 2023US$1.1tUS$263.8bUS$15.0b34.8x74.9x4.2x
Thu, 24 Aug 2023US$1.2tUS$263.7bUS$15.0b35.4x78.6x4.5x
Sat, 22 Jul 2023US$1.3tUS$259.7bUS$15.6b37.6x83.2x5x
Mon, 19 Jun 2023US$1.3tUS$261.2bUS$16.2b37x78.8x4.9x
Wed, 17 May 2023US$1.3tUS$260.9bUS$16.8b38.9x75x4.8x
Fri, 14 Apr 2023US$1.2tUS$260.2bUS$18.5b37.5x65.8x4.7x
Sun, 12 Mar 2023US$1.1tUS$260.3bUS$18.4b37.4x60.2x4.3x
Tue, 07 Feb 2023US$1.2tUS$260.7bUS$19.3b35.7x62.6x4.6x
Thu, 05 Jan 2023US$1.1tUS$244.1bUS$19.0b32.8x59.9x4.7x
Sat, 03 Dec 2022US$1.1tUS$244.3bUS$19.0b33x59.7x4.6x
Mon, 31 Oct 2022US$1.1tUS$244.9bUS$22.0b32x48.9x4.4x
Wed, 28 Sep 2022US$1.0tUS$244.6bUS$26.2b31.9x38.2x4.1x
Fri, 26 Aug 2022US$1.1tUS$244.5bUS$26.8b35.6x41.8x4.6x
Sun, 24 Jul 2022US$1.1tUS$242.5bUS$26.8b33.8x41x4.5x
Tue, 21 Jun 2022US$1.0tUS$243.5bUS$26.2b33.3x38.9x4.2x
Thu, 19 May 2022US$1.2tUS$243.5bUS$26.1b34.4x44.3x4.8x
Sat, 16 Apr 2022US$1.3tUS$233.9bUS$25.9b38.7x50.3x5.6x
Mon, 14 Mar 2022US$1.2tUS$233.5bUS$25.9b41.2x47.8x5.3x
Wed, 09 Feb 2022US$1.3tUS$228.8bUS$28.1b47x46.8x5.7x
Fri, 07 Jan 2022US$1.4tUS$226.8bUS$29.1b45.8x47.5x6.1x
Price to Earnings Ratio

47.5x


Total Market Cap: US$1.4tTotal Earnings: US$29.1bTotal Revenue: US$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 57x20232024
Current Industry PE
  • Investors are relatively neutral on the American Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 57.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 6.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.8% 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 U.S. Healthcare industry?

US Market-1.10%
Healthcare-1.23%
Medical Equipment-0.79%
Medical Equipment-0.78%
Medical Supplies-0.88%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 38.5x.
    • Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings growth of 20.8% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 54.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 21% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% 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
ESTA Establishment Labs HoldingsUS$45.377.7%
+US$90.4m		75.2%PS8.3x
GKOS GlaukosUS$149.510.8%
+US$63.4m		88.1%PS22.9x
MASI MasimoUS$168.590.6%
+US$57.8m		43.8%PE114.8x
NVST Envista HoldingsUS$19.111.6%
+US$53.4m		-20.6%PS1.3x
SENS Senseonics HoldingsUS$0.5516.3%
+US$45.8m		-3.5%PS14.7x
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