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U.S. Medical Equipment Industry Analysis

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies195
  • 7D1.3%
  • 3M5.6%
  • 1Y29.8%
  • YTDn/a

Intuitive Surgical is up 2.9%, leading the way for the Medical Equipment industry, which has gained 1.3%. Meanwhile, Tandem Diabetes Care actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 30%. 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, 15 Oct 2024US$1.2tUS$244.5bUS$20.5b37x59.2x5x
Thu, 12 Sep 2024US$1.2tUS$244.6bUS$20.5b38.1x59.4x5x
Sat, 10 Aug 2024US$1.1tUS$244.4bUS$20.2b33.3x56.7x4.7x
Mon, 08 Jul 2024US$1.1tUS$241.6bUS$20.6b34.4x55.7x4.8x
Wed, 05 Jun 2024US$1.1tUS$241.6bUS$20.6b35.3x55.7x4.8x
Fri, 03 May 2024US$1.1tUS$242.3bUS$22.4b35.3x51x4.7x
Sun, 31 Mar 2024US$1.2tUS$239.9bUS$22.0b39.2x54.5x5x
Tue, 27 Feb 2024US$1.2tUS$239.8bUS$22.2b34.2x53.5x4.9x
Thu, 25 Jan 2024US$1.2tUS$241.6bUS$20.8b34.1x55.9x4.8x
Sat, 23 Dec 2023US$1.1tUS$241.2bUS$19.9b37.1x56.5x4.7x
Mon, 20 Nov 2023US$1.0tUS$240.8bUS$19.5b33.1x52.9x4.3x
Wed, 18 Oct 2023US$980.3bUS$238.0bUS$15.8b33.8x62.1x4.1x
Fri, 15 Sep 2023US$1.1tUS$238.0bUS$15.7b34.2x68.8x4.5x
Sun, 13 Aug 2023US$1.1tUS$237.7bUS$15.7b36.8x70.8x4.7x
Tue, 11 Jul 2023US$1.2tUS$235.6bUS$16.7b36.9x70.3x5x
Thu, 08 Jun 2023US$1.1tUS$235.6bUS$16.8b35.3x67.3x4.8x
Sat, 06 May 2023US$1.2tUS$235.0bUS$17.2b37.8x67.9x5x
Mon, 03 Apr 2023US$1.1tUS$234.7bUS$18.9b34x58x4.7x
Wed, 01 Mar 2023US$1.1tUS$234.5bUS$18.9b37.2x56x4.5x
Fri, 27 Jan 2023US$1.1tUS$236.1bUS$19.9b33.1x55x4.6x
Sun, 25 Dec 2022US$1.0tUS$219.4bUS$18.9b29.9x54.5x4.7x
Tue, 22 Nov 2022US$1.0tUS$219.6bUS$19.9b28.6x51x4.6x
Thu, 20 Oct 2022US$954.9bUS$219.7bUS$25.2b31.3x37.9x4.3x
Sat, 17 Sep 2022US$1.0tUS$219.7bUS$25.0b32.9x40.5x4.6x
Mon, 15 Aug 2022US$1.1tUS$220.8bUS$24.9b33.3x43.5x4.9x
Wed, 13 Jul 2022US$979.5bUS$217.3bUS$24.2b33.4x40.4x4.5x
Fri, 10 Jun 2022US$1.0tUS$219.4bUS$24.3b36x42.3x4.7x
Sun, 08 May 2022US$1.1tUS$215.2bUS$23.2b34.7x45.5x4.9x
Tue, 05 Apr 2022US$1.2tUS$207.5bUS$22.8b46x53.2x5.9x
Thu, 03 Mar 2022US$1.2tUS$209.2bUS$23.1b45x52.5x5.8x
Sat, 29 Jan 2022US$1.1tUS$207.9bUS$24.4b44.4x47x5.5x
Mon, 27 Dec 2021US$1.3tUS$206.2bUS$24.5b50.8x53.4x6.3x
Wed, 24 Nov 2021US$1.3tUS$206.1bUS$23.6b50.5x53.6x6.1x
Fri, 22 Oct 2021US$1.5tUS$228.6bUS$28.9b50x53.3x6.7x
Price to Earnings Ratio

53.3x


Total Market Cap: US$1.5tTotal Earnings: US$28.9bTotal Revenue: US$228.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 54.5x202220232024
Current Industry PE
  • Investors are optimistic on the American Healthcare Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 59.2x which is higher than its 3-year average PE of 54.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Equipment industry have declined 9.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% 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 Comparison

How does U.S. Medical Equipment compare with similar industries?

US Market1.47%
Healthcare1.36%
Medical Equipment1.15%
Medical Equipment1.33%
Medical Supplies-1.08%
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
ABT Abbott LaboratoriesUS$117.253.4%
+US$6.8b		27.2%PE36.9x
ISRG Intuitive SurgicalUS$487.613.5%
+US$5.8b		77.9%PE82.8x
SYK StrykerUS$359.714.2%
+US$5.6b		36.2%PE39.8x
BSX Boston ScientificUS$87.553.7%
+US$4.6b		74.8%PE70.5x
MDT MedtronicUS$90.013.4%
+US$3.8b		25.4%PE29.4x
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Latest News

SYK

US$359.71

Stryker

7D

4.2%

1Y

36.2%

ABT

US$117.25

Abbott Laboratories

7D

3.4%

1Y

27.2%

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MDT

US$90.01

Medtronic

7D

3.4%

1Y

25.4%

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Oct 13
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IRTC

US$57.94

iRhythm Technologies

7D

-4.0%

1Y

-31.3%

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Oct 13
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BSX

US$87.55

Boston Scientific

7D

3.7%

1Y

74.8%

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Oct 10
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CVRX

US$7.88

CVRx

7D

-7.7%

1Y

-36.1%

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Oct 10
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PRCT

US$72.99

PROCEPT BioRobotics

7D

-1.4%

1Y

154.1%

RMD

US$240.71

ResMed

7D

3.6%

1Y

70.4%

QDEL

US$40.49

QuidelOrtho

7D

-7.1%

1Y

-40.4%

NVST

US$17.84

Envista Holdings

7D

-2.2%

1Y

-28.0%

ATEC

US$5.32

Alphatec Holdings

7D

-3.1%

1Y

-53.9%

PEN

US$211.36

Penumbra

7D

10.8%

1Y

5.6%

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Oct 06
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ISRG

US$487.61

Intuitive Surgical

7D

3.5%

1Y

77.9%

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Oct 04
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BFLY

US$1.73

Butterfly Network

7D

-7.5%

1Y

111.8%

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Oct 03

TNDM

US$37.36

Tandem Diabetes Care

7D

-10.6%

1Y

111.6%

EW

US$69.63

Edwards Lifesciences

7D

7.9%

1Y

-2.3%