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U.S. Medical Equipment Industry Analysis
UpdatedApr 03, 2025
DataAggregated Company Financials
Companies236
- 7D0.7%
- 3M3.3%
- 1Y5.5%
- YTD3.3%
The Medical Equipment is pretty flat in the last 7 days, but Abbott Laboratories has stood out, gaining 4.2%. The past year has been better, since the industry has gained 5.5% in that time. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the U.S. Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 03 Apr 2025 | US$1.3t | US$283.2b | US$27.4b | 27.7x | 48.2x | 4.7x |
| Sat, 01 Mar 2025 | US$1.4t | US$283.1b | US$27.6b | 30.2x | 50.4x | 4.9x |
| Mon, 27 Jan 2025 | US$1.4t | US$285.2b | US$30.9b | 35.8x | 45.8x | 5x |
| Wed, 25 Dec 2024 | US$1.3t | US$284.0b | US$23.6b | 35.9x | 55.7x | 4.6x |
| Fri, 22 Nov 2024 | US$1.3t | US$283.5b | US$23.2b | 36.5x | 57.3x | 4.7x |
| Sun, 20 Oct 2024 | US$1.3t | US$280.2b | US$22.5b | 37.2x | 59.9x | 4.8x |
| Tue, 17 Sep 2024 | US$1.3t | US$279.6b | US$22.2b | 40.7x | 59.7x | 4.7x |
| Thu, 15 Aug 2024 | US$1.2t | US$279.5b | US$21.8b | 35.7x | 56.8x | 4.4x |
| Sat, 13 Jul 2024 | US$1.2t | US$276.4b | US$22.7b | 38.6x | 55x | 4.5x |
| Mon, 10 Jun 2024 | US$1.3t | US$276.4b | US$22.7b | 37.3x | 55.6x | 4.6x |
| Wed, 08 May 2024 | US$1.3t | US$277.0b | US$25.0b | 37.8x | 50.3x | 4.5x |
| Fri, 05 Apr 2024 | US$1.3t | US$274.1b | US$23.9b | 39x | 53.7x | 4.7x |
| Sun, 03 Mar 2024 | US$1.3t | US$265.9b | US$22.7b | 36.9x | 56.3x | 4.8x |
| Tue, 30 Jan 2024 | US$1.2t | US$268.0b | US$21.0b | 35.5x | 58.9x | 4.6x |
| Thu, 28 Dec 2023 | US$1.2t | US$267.4b | US$20.2b | 37.3x | 60.3x | 4.5x |
| Sat, 25 Nov 2023 | US$1.1t | US$267.4b | US$20.1b | 36.5x | 56.4x | 4.2x |
| Mon, 23 Oct 2023 | US$1.1t | US$263.8b | US$15.2b | 33.1x | 69.8x | 4x |
| Wed, 20 Sep 2023 | US$1.2t | US$263.8b | US$15.0b | 35.8x | 77x | 4.4x |
| Fri, 18 Aug 2023 | US$1.2t | US$263.4b | US$15.1b | 35.4x | 78.8x | 4.5x |
| Sun, 16 Jul 2023 | US$1.3t | US$260.7b | US$16.1b | 36.6x | 80.4x | 5x |
| Tue, 13 Jun 2023 | US$1.2t | US$261.2b | US$16.2b | 37.3x | 75.6x | 4.7x |
| Thu, 11 May 2023 | US$1.3t | US$260.9b | US$16.5b | 36.2x | 76.6x | 4.8x |
| Sat, 08 Apr 2023 | US$1.2t | US$260.3b | US$18.5b | 36.4x | 65.1x | 4.6x |
| Mon, 06 Mar 2023 | US$1.2t | US$260.2b | US$18.4b | 39.9x | 64.2x | 4.5x |
| Wed, 01 Feb 2023 | US$1.2t | US$261.7b | US$19.8b | 35.1x | 58.1x | 4.4x |
| Fri, 30 Dec 2022 | US$1.1t | US$244.1b | US$19.0b | 32.5x | 59.1x | 4.6x |
| Sun, 27 Nov 2022 | US$1.1t | US$244.3b | US$19.0b | 32.9x | 58.2x | 4.5x |
| Tue, 25 Oct 2022 | US$1.0t | US$244.0b | US$25.8b | 32.2x | 39.9x | 4.2x |
| Thu, 22 Sep 2022 | US$1.0t | US$244.6b | US$26.3b | 32.4x | 39.8x | 4.3x |
| Sat, 20 Aug 2022 | US$1.1t | US$245.1b | US$26.6b | 34.9x | 43.1x | 4.7x |
| Mon, 18 Jul 2022 | US$1.1t | US$241.4b | US$26.2b | 33.5x | 41.1x | 4.5x |
| Wed, 15 Jun 2022 | US$1.0t | US$243.6b | US$26.2b | 32.1x | 39.1x | 4.2x |
| Fri, 13 May 2022 | US$1.1t | US$244.2b | US$26.5b | 32.7x | 41x | 4.5x |
| Sun, 10 Apr 2022 | US$1.3t | US$233.9b | US$25.9b | 38.5x | 52x | 5.8x |
Price to Earnings Ratio
52x
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 48.2x which is lower than its 3-year average PE of 57.2x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
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 6.6% 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 Market | -0.90% | |
| Healthcare | -1.06% | |
| Medical Equipment | 0.66% | |
| Medical Equipment | 0.75% | |
| Medical Supplies | -0.71% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 54.4x.
- Analysts are expecting annual earnings growth of 11.7%, which is lower than the prior year's growth of 18.0% per year.
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 15% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ABT Abbott Laboratories | US$131.93 | 4.2% +US$9.2b | 18.6% | PE17.1x | |
| SYK Stryker | US$377.46 | 2.6% +US$3.7b | 7.5% | PE48.1x | |
| MDT Medtronic | US$88.86 | 0.7% +US$808.0m | 4.5% | PE26.8x | |
| IDXX IDEXX Laboratories | US$426.25 | 2.0% +US$692.1m | -18.7% | PE38.9x | |
| EW Edwards Lifesciences | US$72.05 | 1.4% +US$564.4m | -22.5% | PE30.2x |
