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U.S. Medical Equipment Industry Analysis

UpdatedMar 01, 2024
DataAggregated Company Financials
Companies242
  • 7D-1.8%
  • 3M12.4%
  • 1Y10.9%
  • YTD6.4%

The Medical Equipment industry has stayed flat over the last week. The past year has been better, since the industry has gained 13% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024US$1.3tUS$265.8bUS$22.6b36.1x56.2x4.8x
Sun, 28 Jan 2024US$1.2tUS$268.0bUS$21.0b35.2x58.9x4.6x
Tue, 26 Dec 2023US$1.2tUS$267.4bUS$20.2b37.4x59.9x4.5x
Thu, 23 Nov 2023US$1.1tUS$267.4bUS$20.1b35.2x55.3x4.2x
Sat, 21 Oct 2023US$1.1tUS$263.8bUS$15.2b33.1x69.8x4x
Mon, 18 Sep 2023US$1.2tUS$263.8bUS$15.0b34.8x77.1x4.4x
Wed, 16 Aug 2023US$1.2tUS$263.4bUS$15.1b35.3x79.9x4.6x
Fri, 14 Jul 2023US$1.3tUS$260.7bUS$16.1b37.3x80x5x
Sun, 11 Jun 2023US$1.2tUS$261.2bUS$16.2b35.8x75.4x4.7x
Tue, 09 May 2023US$1.3tUS$260.5bUS$16.7b37.9x76x4.9x
Thu, 06 Apr 2023US$1.2tUS$260.2bUS$18.5b36.8x64.7x4.6x
Sat, 04 Mar 2023US$1.2tUS$260.2bUS$18.4b39.9x64.1x4.5x
Mon, 30 Jan 2023US$1.2tUS$261.3bUS$19.8b35x59.6x4.5x
Wed, 28 Dec 2022US$1.1tUS$243.2bUS$18.9b31.2x58.4x4.5x
Fri, 25 Nov 2022US$1.1tUS$244.3bUS$19.1b33x57.7x4.5x
Sun, 23 Oct 2022US$1.0tUS$244.0bUS$25.8b32.2x39.9x4.2x
Tue, 20 Sep 2022US$1.1tUS$244.6bUS$26.3b33.5x41.5x4.5x
Thu, 18 Aug 2022US$1.2tUS$245.5bUS$26.6b34.9x43.6x4.7x
Sat, 16 Jul 2022US$1.1tUS$241.4bUS$26.2b33.5x40.3x4.4x
Mon, 13 Jun 2022US$1.1tUS$243.6bUS$26.2b34.6x40.9x4.4x
Wed, 11 May 2022US$1.1tUS$244.2bUS$26.6b32.9x41.4x4.5x
Fri, 08 Apr 2022US$1.3tUS$230.0bUS$25.8b38.4x52.1x5.8x
Sun, 06 Mar 2022US$1.3tUS$230.3bUS$25.7b41.5x51.8x5.8x
Tue, 01 Feb 2022US$1.3tUS$228.5bUS$29.1b45.4x44.2x5.6x
Thu, 30 Dec 2021US$1.4tUS$226.8bUS$29.1b48.2x49.6x6.4x
Sat, 27 Nov 2021US$1.4tUS$226.8bUS$29.0b45.2x47.5x6.1x
Mon, 25 Oct 2021US$1.7tUS$252.3bUS$34.4b49.9x49.8x6.8x
Wed, 22 Sep 2021US$1.7tUS$248.2bUS$33.2b50.5x52.2x7x
Fri, 20 Aug 2021US$1.7tUS$248.2bUS$33.1b50.2x51.9x6.9x
Fri, 04 Jun 2021US$1.5tUS$231.0bUS$27.0b57.3x57.3x6.7x
Mon, 08 Mar 2021US$1.5tUS$216.6bUS$23.4b49.9x62.3x6.7x
Price to Earnings Ratio

62.3x


Total Market Cap: US$1.5tTotal Earnings: US$23.4bTotal Revenue: US$216.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 56.3x202220232024
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 56.3x.
  • The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 7.1% 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 and as a result, profits have held steady.

Industry Trends

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

US Market0.43%
Healthcare-1.05%
Medical Equipment-1.76%
Medical Equipment-1.68%
Medical Supplies-2.93%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 29.5%, which is higher than its past year's earnings growth of 1.0% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 54.9x.
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 1.0% per year.
  • In contrast, the Medical Equipment 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
GEHC GE HealthCare TechnologiesUS$91.284.2%
+US$1.7b
21.6%PE29.9x
IDXX IDEXX LaboratoriesUS$575.230.7%
+US$347.2m
20.8%PE56.6x
ITGR Integer HoldingsUS$110.2910.1%
+US$337.7m
44.9%PE40.6x
ESTA Establishment Labs HoldingsUS$45.6824.3%
+US$238.9m
-34.6%PS7.4x
LMAT LeMaitre VascularUS$70.0015.4%
+US$207.5m
37.5%PE51.8x
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Latest News

LMAT

US$70.00

LeMaitre Vascular

7D

15.4%

1Y

37.5%

ESTA

US$45.68

Establishment Labs Holdings

7D

24.3%

1Y

-34.6%

ICUI

US$109.23

ICU Medical

7D

6.1%

1Y

-34.5%

BDX

US$235.55

Becton Dickinson

7D

-3.3%

1Y

0.7%

VANI

US$4.22

Vivani Medical

7D

287.2%

1Y

290.7%

IRTC

US$118.65

iRhythm Technologies

7D

3.1%

1Y

0.2%

RMD

US$173.72

ResMed

7D

-5.1%

1Y

-19.5%

ZBH

US$124.36

Zimmer Biomet Holdings

7D

-3.3%

1Y

1.1%

PODD

US$164.00

Insulet

7D

-16.8%

1Y

-42.0%

GEHC

US$91.28

GE HealthCare Technologies

7D

4.2%

1Y

21.6%

IDXX

US$575.23

IDEXX Laboratories

7D

0.7%

1Y

20.8%

ISRG

US$385.60

Intuitive Surgical

7D

-0.9%

1Y

68.5%