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Oct 31
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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 31 Oct 2024 | US$1.3t | US$281.9b | US$22.8b | 36.5x | 57.7x | 4.7x |
| Sat, 28 Sep 2024 | US$1.3t | US$279.4b | US$22.2b | 39.8x | 59x | 4.7x |
| Mon, 26 Aug 2024 | US$1.3t | US$279.6b | US$22.2b | 35.4x | 58.4x | 4.6x |
| Wed, 24 Jul 2024 | US$1.3t | US$277.1b | US$22.8b | 38.9x | 55.6x | 4.6x |
| Fri, 21 Jun 2024 | US$1.2t | US$276.4b | US$22.7b | 36.6x | 54.9x | 4.5x |
| Sun, 19 May 2024 | US$1.3t | US$277.1b | US$23.0b | 37.9x | 55.6x | 4.6x |
| Tue, 16 Apr 2024 | US$1.3t | US$274.1b | US$23.9b | 36.7x | 52.6x | 4.6x |
| Thu, 14 Mar 2024 | US$1.3t | US$266.0b | US$22.7b | 39.8x | 56.9x | 4.9x |
| Sat, 10 Feb 2024 | US$1.3t | US$264.7b | US$22.3b | 34.6x | 56.1x | 4.7x |
| Mon, 08 Jan 2024 | US$1.2t | US$267.4b | US$20.1b | 37.9x | 59.6x | 4.5x |
| Wed, 06 Dec 2023 | US$1.1t | US$267.4b | US$20.1b | 35.7x | 56.9x | 4.3x |
| Fri, 03 Nov 2023 | US$1.0t | US$265.4b | US$19.2b | 34x | 54.4x | 3.9x |
| Sun, 01 Oct 2023 | US$1.1t | US$263.9b | US$15.0b | 34x | 74.3x | 4.2x |
| Tue, 29 Aug 2023 | US$1.2t | US$263.7b | US$15.0b | 35.2x | 78.4x | 4.5x |
| Thu, 27 Jul 2023 | US$1.3t | US$260.1b | US$15.5b | 37.5x | 83.5x | 5x |
| Sat, 24 Jun 2023 | US$1.3t | US$261.2b | US$16.2b | 36.7x | 78.5x | 4.9x |
| Mon, 22 May 2023 | US$1.3t | US$260.9b | US$16.7b | 36.3x | 75.3x | 4.8x |
| Wed, 19 Apr 2023 | US$1.2t | US$260.1b | US$18.5b | 37.4x | 65.9x | 4.7x |
| Fri, 17 Mar 2023 | US$1.2t | US$260.3b | US$18.4b | 38.2x | 62.7x | 4.4x |
| Sun, 12 Feb 2023 | US$1.2t | US$261.3b | US$19.4b | 35.2x | 60.9x | 4.5x |
| Tue, 10 Jan 2023 | US$1.2t | US$262.2b | US$20.8b | 32.4x | 55.7x | 4.4x |
| Thu, 08 Dec 2022 | US$1.1t | US$244.3b | US$19.0b | 32.5x | 58.1x | 4.5x |
| Sat, 05 Nov 2022 | US$1.0t | US$245.3b | US$22.1b | 32.1x | 47.1x | 4.3x |
| Mon, 03 Oct 2022 | US$1.0t | US$244.4b | US$26.5b | 32.2x | 37.8x | 4.1x |
| Wed, 31 Aug 2022 | US$1.1t | US$244.5b | US$26.8b | 33.6x | 40.1x | 4.4x |
| Fri, 29 Jul 2022 | US$1.1t | US$242.7b | US$26.9b | 35.3x | 41.5x | 4.6x |
| Sun, 26 Jun 2022 | US$1.1t | US$243.5b | US$26.2b | 34.8x | 41.6x | 4.5x |
| Tue, 24 May 2022 | US$1.2t | US$243.5b | US$26.1b | 35.4x | 44.1x | 4.7x |
| Thu, 21 Apr 2022 | US$1.4t | US$233.9b | US$25.9b | 38.9x | 52.2x | 5.8x |
| Sat, 19 Mar 2022 | US$1.3t | US$233.5b | US$26.0b | 44.5x | 51.3x | 5.7x |
| Mon, 14 Feb 2022 | US$1.3t | US$229.1b | US$27.7b | 45.6x | 46.7x | 5.7x |
| Wed, 12 Jan 2022 | US$1.4t | US$226.8b | US$29.1b | 48.3x | 47.6x | 6.1x |
| Fri, 10 Dec 2021 | US$1.4t | US$226.8b | US$29.1b | 46.5x | 48.5x | 6.2x |
| Sun, 07 Nov 2021 | US$1.5t | US$225.5b | US$28.9b | 49.6x | 51.4x | 6.6x |
Price to Earnings Ratio
51.4x
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 Market | 0.49% | |
| Healthcare | -1.80% | |
| Medical Equipment | -0.80% | |
| Medical Supplies | 0.27% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PRCT PROCEPT BioRobotics | US$93.03 | 38.2% +US$1.5b | 237.7% | PS25.2x | |
| ZBH Zimmer Biomet Holdings | US$109.81 | 4.9% +US$1.0b | 4.5% | PE22.4x | |
| RMD ResMed | US$243.02 | 2.4% +US$832.0m | 65.1% | PE32.1x | |
| OMCL Omnicell | US$53.05 | 32.9% +US$603.4m | 48.3% | PS2.3x | |
| GKOS Glaukos | US$138.68 | 6.7% +US$480.0m | 99.7% | PS22.3x |
