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U.S. Medical Equipment Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies277
  • 7D1.9%
  • 3M2.9%
  • 1Y-20.2%
  • YTD-24.0%

The Medical Equipment industry is up 1.9% in the last week, with Abbott Laboratories up 3.0%. In contrast, the industry has lost 20% in the last 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022US$1.1tUS$244.3bUS$19.0b32.9x58.2x4.5x
Wed, 26 Oct 2022US$1.1tUS$244.0bUS$25.8b32.7x41.1x4.3x
Fri, 23 Sep 2022US$1.0tUS$244.6bUS$26.3b32.3x39.2x4.2x
Sun, 21 Aug 2022US$1.1tUS$245.1bUS$26.6b34.9x43.1x4.7x
Tue, 19 Jul 2022US$1.1tUS$241.4bUS$26.2b33.5x41.1x4.5x
Thu, 16 Jun 2022US$1.0tUS$243.6bUS$26.2b33.1x39.7x4.3x
Sat, 14 May 2022US$1.1tUS$244.8bUS$26.7b35x42.5x4.6x
Mon, 11 Apr 2022US$1.3tUS$233.9bUS$25.9b38.5x52x5.8x
Wed, 09 Mar 2022US$1.3tUS$230.3bUS$25.7b41.5x50.3x5.6x
Fri, 04 Feb 2022US$1.3tUS$229.2bUS$28.8b44.9x44.9x5.7x
Sun, 02 Jan 2022US$1.4tUS$226.8bUS$29.1b48.2x49.4x6.3x
Tue, 30 Nov 2021US$1.4tUS$226.7bUS$29.1b45.5x47.5x6.1x
Thu, 28 Oct 2021US$1.7tUS$252.4bUS$34.4b48.8x49.3x6.7x
Sat, 25 Sep 2021US$1.8tUS$248.4bUS$33.1b52.3x52.9x7.1x
Mon, 23 Aug 2021US$1.7tUS$248.2bUS$33.1b49.9x51.7x6.9x
Sat, 10 Jul 2021US$1.6tUS$243.9bUS$31.3b52.3x51.5x6.6x
Fri, 02 Apr 2021US$1.5tUS$223.7bUS$25.2b52.5x58x6.5x
Mon, 04 Jan 2021US$1.4tUS$216.0bUS$22.3b49x63.9x6.6x
Thu, 08 Oct 2020US$1.3tUS$206.6bUS$23.1b45.6x55.9x6.2x
Wed, 01 Jul 2020US$1.1tUS$204.4bUS$22.8b47.4x50x5.6x
Sat, 04 Apr 2020US$927.9bUS$208.7bUS$26.1b40.1x35.5x4.4x
Tue, 07 Jan 2020US$1.1tUS$210.0bUS$25.0b42.7x45.1x5.4x
Price to Earnings Ratio

54.9x


Total Market Cap: US$1.1tTotal Earnings: US$20.4bTotal Revenue: US$205.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 50x202020212022
Current Industry PE
  • Investors are optimistic on the American Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 58.2x which is higher than its 3-year average PE of 50.0x.
  • The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 2.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.0% 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 Market1.26%
Healthcare1.63%
Medical Equipment1.91%
Medical Equipment1.96%
Medical Supplies1.32%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 54.0x.
    • Analysts are expecting annual earnings growth of 31.5%, which is higher than its past year's earnings growth of 5.2% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 51.4x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 17% 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
ABT Abbott LaboratoriesUS$106.963.0%
+US$5.4b
-15.0%PE23.7x
SYK StrykerUS$232.744.1%
+US$3.5b
-4.4%PE35.8x
BDX Becton DickinsonUS$238.065.5%
+US$3.1b
-2.9%PE43.7x
BSX Boston ScientificUS$44.152.8%
+US$1.7b
14.5%PE105.9x
STE STERISUS$180.588.8%
+US$1.5b
-20.6%PS3.8x
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Latest News

HLTH

US$2.49

Cue Health

7D

-17.8%

1Y

-78.3%

MDT

US$79.12

Medtronic

7D

-2.7%

1Y

-28.8%

PODD

US$293.70

Insulet

7D

-0.6%

1Y

-0.6%

BSX

US$44.15

Boston Scientific

7D

2.8%

1Y

14.5%

ZBH

US$119.21

Zimmer Biomet Holdings

7D

4.5%

1Y

-5.1%

ABT

US$106.96

Abbott Laboratories

7D

3.0%

1Y

-15.0%

NARI

US$75.00

Inari Medical

7D

-3.8%

1Y

-8.0%

BDX

US$238.06

Becton Dickinson

7D

5.5%

1Y

-2.9%

STE

US$180.58

STERIS

7D

8.8%

1Y

-20.6%

SYK

US$232.74

Stryker

7D

4.1%

1Y

-4.4%

ISRG

US$265.13

Intuitive Surgical

7D

1.2%

1Y

-19.5%

NVCR

US$75.00

NovoCure

7D

-3.2%

1Y

-22.7%