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U.S. Medical Equipment Industry Analysis

UpdatedMay 15, 2025
DataAggregated Company Financials
Companies236
  • 7D1.2%
  • 3M-5.6%
  • 1Y6.8%
  • YTD3.8%

The Medical Equipment industry is up 2.7% in the last week, with Intuitive Surgical up 6.3%. This means that the industry has gained 9.3% over the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 May 2025US$1.3tUS$286.2bUS$29.3b32.5x46x4.7x
Sat, 12 Apr 2025US$1.2tUS$282.8bUS$27.7b28.9x44.5x4.4x
Mon, 10 Mar 2025US$1.4tUS$283.2bUS$27.4b32.2x49.8x4.8x
Wed, 05 Feb 2025US$1.4tUS$286.0bUS$30.4b34.9x46.6x4.9x
Fri, 03 Jan 2025US$1.3tUS$284.0bUS$23.6b34.6x54.7x4.5x
Sun, 01 Dec 2024US$1.4tUS$283.9bUS$23.4b37.6x57.7x4.8x
Tue, 29 Oct 2024US$1.3tUS$281.2bUS$22.6b36.5x58.2x4.7x
Thu, 26 Sep 2024US$1.3tUS$279.4bUS$22.2b39.7x59.2x4.7x
Sat, 24 Aug 2024US$1.3tUS$279.6bUS$22.2b35.4x58x4.6x
Mon, 22 Jul 2024US$1.3tUS$277.1bUS$22.8b38.6x55.1x4.5x
Wed, 19 Jun 2024US$1.2tUS$276.4bUS$22.7b36.4x54.7x4.5x
Fri, 17 May 2024US$1.3tUS$277.1bUS$22.9b37.9x55.7x4.6x
Sun, 14 Apr 2024US$1.3tUS$274.1bUS$23.9b38.1x53.6x4.7x
Tue, 12 Mar 2024US$1.3tUS$266.0bUS$22.7b39.5x56.8x4.8x
Thu, 08 Feb 2024US$1.3tUS$264.7bUS$22.4b35.9x56.5x4.8x
Sat, 06 Jan 2024US$1.2tUS$267.4bUS$20.2b38.4x59.6x4.5x
Mon, 04 Dec 2023US$1.1tUS$267.4bUS$20.1b36.3x57x4.3x
Wed, 01 Nov 2023US$1.0tUS$265.2bUS$15.8b32x65.3x3.9x
Fri, 29 Sep 2023US$1.1tUS$263.8bUS$15.0b34.8x74.9x4.3x
Sun, 27 Aug 2023US$1.2tUS$263.7bUS$15.0b35.2x78.4x4.5x
Tue, 25 Jul 2023US$1.3tUS$259.7bUS$15.6b37.5x82.6x5x
Thu, 22 Jun 2023US$1.3tUS$261.2bUS$16.2b37x78.5x4.9x
Sat, 20 May 2023US$1.3tUS$260.9bUS$16.7b36.3x75.3x4.8x
Mon, 17 Apr 2023US$1.2tUS$260.1bUS$18.5b37x65.8x4.7x
Wed, 15 Mar 2023US$1.1tUS$260.3bUS$18.4b38.3x61.6x4.4x
Fri, 10 Feb 2023US$1.2tUS$260.8bUS$19.3b34.6x61x4.5x
Sun, 08 Jan 2023US$1.2tUS$262.2bUS$20.8b32.6x56.4x4.5x
Tue, 06 Dec 2022US$1.1tUS$244.3bUS$19.0b33x58.4x4.5x
Thu, 03 Nov 2022US$1.1tUS$244.9bUS$22.2b32.4x47.3x4.3x
Sat, 01 Oct 2022US$1.0tUS$244.6bUS$26.2b32.6x38.2x4.1x
Mon, 29 Aug 2022US$1.1tUS$244.5bUS$26.8b33.7x40.6x4.5x
Wed, 27 Jul 2022US$1.1tUS$242.5bUS$26.8b34.7x41.1x4.5x
Fri, 24 Jun 2022US$1.1tUS$243.5bUS$26.2b34.4x40.5x4.4x
Sun, 22 May 2022US$1.1tUS$243.5bUS$26.1b35.2x43.5x4.7x
Price to Earnings Ratio

43.5x


Total Market Cap: US$1.1tTotal Earnings: US$26.1bTotal Revenue: US$243.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 57.2x202320242025
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 46.2x 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 grown 3.9% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 Market5.09%
Healthcare-4.10%
Medical Equipment1.18%
Medical Supplies4.11%
Medical Equipment1.01%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 54.2x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 15.1% 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 6.6% 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?

CompanyLast Price7D1YValuation
ISRG Intuitive SurgicalUS$565.945.6%
+US$10.7b
41.7%PE81.9x
PODD InsuletUS$321.4121.6%
+US$4.0b
78.0%PE56.2x
GEHC GE HealthCare TechnologiesUS$72.845.8%
+US$1.8b
-11.1%PE15.3x
IDXX IDEXX LaboratoriesUS$509.424.7%
+US$1.8b
-7.1%PE45.8x
MDT MedtronicUS$84.251.3%
+US$1.4b
-0.6%PE25.4x
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Latest News

QDEL

US$33.55

QuidelOrtho

7D

-8.0%

1Y

-23.7%

BDX

US$171.02

Becton Dickinson

7D

2.3%

1Y

-27.9%

GEHC

US$72.84

GE HealthCare Technologies

7D

5.8%

1Y

-11.1%

PODD

US$321.41

Insulet

7D

21.6%

1Y

78.0%

BAX

US$30.32

Baxter International

7D

-1.3%

1Y

-14.4%

DXCM

US$86.52

DexCom

7D

3.8%

1Y

-33.3%

ABT

US$128.56

Abbott Laboratories

7D

-4.0%

1Y

22.9%

EW

US$76.75

Edwards Lifesciences

7D

2.3%

1Y

-14.9%

ISRG

US$565.94

Intuitive Surgical

7D

5.6%

1Y

41.7%