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U.S. Medical Equipment Industry Analysis

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies236
  • 7D-0.8%
  • 3M7.0%
  • 1Y29.2%
  • YTD10.7%

Last week, the Medical Equipment industry hasn't moved much but PROCEPT BioRobotics is up 38% in that time. The past year has been better, since the industry has gained 29% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024US$1.3tUS$281.9bUS$22.8b36.5x57.7x4.7x
Sat, 28 Sep 2024US$1.3tUS$279.4bUS$22.2b39.8x59x4.7x
Mon, 26 Aug 2024US$1.3tUS$279.6bUS$22.2b35.4x58.4x4.6x
Wed, 24 Jul 2024US$1.3tUS$277.1bUS$22.8b38.9x55.6x4.6x
Fri, 21 Jun 2024US$1.2tUS$276.4bUS$22.7b36.6x54.9x4.5x
Sun, 19 May 2024US$1.3tUS$277.1bUS$23.0b37.9x55.6x4.6x
Tue, 16 Apr 2024US$1.3tUS$274.1bUS$23.9b36.7x52.6x4.6x
Thu, 14 Mar 2024US$1.3tUS$266.0bUS$22.7b39.8x56.9x4.9x
Sat, 10 Feb 2024US$1.3tUS$264.7bUS$22.3b34.6x56.1x4.7x
Mon, 08 Jan 2024US$1.2tUS$267.4bUS$20.1b37.9x59.6x4.5x
Wed, 06 Dec 2023US$1.1tUS$267.4bUS$20.1b35.7x56.9x4.3x
Fri, 03 Nov 2023US$1.0tUS$265.4bUS$19.2b34x54.4x3.9x
Sun, 01 Oct 2023US$1.1tUS$263.9bUS$15.0b34x74.3x4.2x
Tue, 29 Aug 2023US$1.2tUS$263.7bUS$15.0b35.2x78.4x4.5x
Thu, 27 Jul 2023US$1.3tUS$260.1bUS$15.5b37.5x83.5x5x
Sat, 24 Jun 2023US$1.3tUS$261.2bUS$16.2b36.7x78.5x4.9x
Mon, 22 May 2023US$1.3tUS$260.9bUS$16.7b36.3x75.3x4.8x
Wed, 19 Apr 2023US$1.2tUS$260.1bUS$18.5b37.4x65.9x4.7x
Fri, 17 Mar 2023US$1.2tUS$260.3bUS$18.4b38.2x62.7x4.4x
Sun, 12 Feb 2023US$1.2tUS$261.3bUS$19.4b35.2x60.9x4.5x
Tue, 10 Jan 2023US$1.2tUS$262.2bUS$20.8b32.4x55.7x4.4x
Thu, 08 Dec 2022US$1.1tUS$244.3bUS$19.0b32.5x58.1x4.5x
Sat, 05 Nov 2022US$1.0tUS$245.3bUS$22.1b32.1x47.1x4.3x
Mon, 03 Oct 2022US$1.0tUS$244.4bUS$26.5b32.2x37.8x4.1x
Wed, 31 Aug 2022US$1.1tUS$244.5bUS$26.8b33.6x40.1x4.4x
Fri, 29 Jul 2022US$1.1tUS$242.7bUS$26.9b35.3x41.5x4.6x
Sun, 26 Jun 2022US$1.1tUS$243.5bUS$26.2b34.8x41.6x4.5x
Tue, 24 May 2022US$1.2tUS$243.5bUS$26.1b35.4x44.1x4.7x
Thu, 21 Apr 2022US$1.4tUS$233.9bUS$25.9b38.9x52.2x5.8x
Sat, 19 Mar 2022US$1.3tUS$233.5bUS$26.0b44.5x51.3x5.7x
Mon, 14 Feb 2022US$1.3tUS$229.1bUS$27.7b45.6x46.7x5.7x
Wed, 12 Jan 2022US$1.4tUS$226.8bUS$29.1b48.3x47.6x6.1x
Fri, 10 Dec 2021US$1.4tUS$226.8bUS$29.1b46.5x48.5x6.2x
Sun, 07 Nov 2021US$1.5tUS$225.5bUS$28.9b49.6x51.4x6.6x
Price to Earnings Ratio

51.4x


Total Market Cap: US$1.5tTotal Earnings: US$28.9bTotal Revenue: US$225.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 56.6x202220232024
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 56.6x.
  • The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 7.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.7% 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 Trends

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

US Market0.49%
Healthcare-1.80%
Medical Equipment-0.80%
Medical Supplies0.27%
Medical Equipment-0.89%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 35.9x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 54.6x.
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 decline of 9.7% 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
PRCT PROCEPT BioRoboticsUS$93.0338.2%
+US$1.5b
237.7%PS25.2x
ZBH Zimmer Biomet HoldingsUS$109.814.9%
+US$1.0b
4.5%PE22.4x
RMD ResMedUS$243.022.4%
+US$832.0m
65.1%PE32.1x
OMCL OmnicellUS$53.0532.9%
+US$603.4m
48.3%PS2.3x
GKOS GlaukosUS$138.686.7%
+US$480.0m
99.7%PS22.3x
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Latest News

STE

US$224.39

STERIS

7D

1.5%

1Y

5.4%

EW

US$68.63

Edwards Lifesciences

7D

-2.8%

1Y

7.5%

BDX

US$236.61

Becton Dickinson

7D

-1.6%

1Y

-6.8%

ZBH

US$109.81

Zimmer Biomet Holdings

7D

4.9%

1Y

4.5%

RMD

US$243.02

ResMed

7D

2.4%

1Y

65.1%

DXCM

US$71.80

DexCom

7D

-0.9%

1Y

-23.7%

ISRG

US$513.77

Intuitive Surgical

7D

0.2%

1Y

90.0%

BSX

US$83.99

Boston Scientific

7D

-4.0%

1Y

62.6%

GKOS

US$138.68

Glaukos

7D

6.7%

1Y

99.7%