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U.S. Medical Equipment Industry Analysis

UpdatedSep 26, 2022
DataAggregated Company Financials
Companies280
  • 7D-7.0%
  • 3M-6.4%
  • 1Y-32.8%
  • YTD-30.5%

Over the last 7 days, the Medical Equipment industry has dropped 7.0%, driven by Medtronic declining 8.4%. However, the industry is down 33% over the past year. 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
Tue, 27 Sep 2022US$1.0tUS$244.6bUS$26.2b32.2x38.9x4.2x
Thu, 25 Aug 2022US$1.1tUS$244.5bUS$26.8b35x41.5x4.6x
Sat, 23 Jul 2022US$1.1tUS$242.4bUS$27.0b34.6x41.2x4.6x
Mon, 20 Jun 2022US$1.0tUS$243.6bUS$26.2b33.3x38.9x4.2x
Wed, 18 May 2022US$1.1tUS$243.5bUS$26.1b36.3x43.3x4.6x
Fri, 15 Apr 2022US$1.3tUS$233.9bUS$25.9b38.7x50.3x5.6x
Sun, 13 Mar 2022US$1.2tUS$233.5bUS$25.9b41.2x47.8x5.3x
Tue, 08 Feb 2022US$1.3tUS$228.8bUS$28.5b45.8x45.3x5.6x
Thu, 06 Jan 2022US$1.4tUS$226.8bUS$29.1b47.6x49x6.3x
Sat, 04 Dec 2021US$1.3tUS$226.8bUS$29.1b44.6x46.2x5.9x
Mon, 01 Nov 2021US$1.7tUS$254.5bUS$35.0b50.3x49x6.7x
Wed, 29 Sep 2021US$1.7tUS$248.4bUS$33.1b50.3x50.7x6.8x
Fri, 27 Aug 2021US$1.7tUS$248.2bUS$33.1b49.6x52.3x7x
Sat, 03 Jul 2021US$1.6tUS$243.9bUS$31.3b52.3x51.5x6.6x
Tue, 06 Apr 2021US$1.5tUS$223.7bUS$25.2b52.5x58x6.5x
Fri, 08 Jan 2021US$1.4tUS$216.0bUS$22.3b49x63.9x6.6x
Thu, 01 Oct 2020US$1.3tUS$206.6bUS$23.1b45.6x55.9x6.2x
Sun, 05 Jul 2020US$1.1tUS$204.4bUS$22.8b47.4x50x5.6x
Wed, 08 Apr 2020US$927.9bUS$208.7bUS$26.1b40.1x35.5x4.4x
Tue, 31 Dec 2019US$1.1tUS$210.0bUS$25.0b42.7x45.1x5.4x
Fri, 04 Oct 2019US$1.1tUS$205.0bUS$20.1b41.7x53.2x5.2x
Price to Earnings Ratio

53.2x


Total Market Cap: US$1.1tTotal Earnings: US$20.1bTotal Revenue: US$205.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 50.5x202020212022
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 38.9x which is lower than its 3-year average PE of 50.5x.
  • The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market-5.22%
Healthcare-4.22%
Medical Equipment-7.05%
Medical Equipment-6.94%
Medical Supplies-8.27%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 49.1x.
    • Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings growth of 9.8% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 51.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 9.8% 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
NARI Inari MedicalUS$68.750.5%
+US$19.8m
-17.9%PS10.9x
PLSE Pulse BiosciencesUS$1.8129.3%
+US$15.2m
-92.0%PS31.6x
DRIO DarioHealthUS$4.089.1%
+US$7.8m
-71.4%PS3.6x
SONX SonendoUS$1.1721.3%
+US$5.5m
n/aPS0.8x
KIDS OrthoPediatricsUS$45.40-6.4%
US$4.3m
-31.5%PS9.6x
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Latest News

MDT

US$81.33

Medtronic

7D

-9.3%

1Y

-36.8%

SYK

US$203.26

Stryker

7D

-8.0%

1Y

-25.7%