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U.S. Medical Equipment Industry Analysis
UpdatedMay 07, 2025
DataAggregated Company Financials
Companies236
- 7D-0.2%
- 3M-8.9%
- 1Y6.0%
- YTD1.5%
The Medical Equipment is pretty flat in the last 7 days, but Intuitive Surgical has stood out, gaining 3.0%. The past year has been better, since the industry has gained 7.2% in that time. 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 |
|---|---|---|---|---|---|---|
| Wed, 07 May 2025 | US$1.3t | US$285.9b | US$28.0b | 30.3x | 47x | 4.6x |
| Fri, 04 Apr 2025 | US$1.3t | US$283.2b | US$27.6b | 27.1x | 48.2x | 4.7x |
| Sun, 02 Mar 2025 | US$1.4t | US$283.1b | US$27.6b | 30.2x | 50.8x | 5x |
| Tue, 28 Jan 2025 | US$1.4t | US$285.2b | US$30.9b | 34.8x | 45.8x | 5x |
| Thu, 26 Dec 2024 | US$1.3t | US$284.0b | US$23.6b | 35.3x | 55.7x | 4.6x |
| Sat, 23 Nov 2024 | US$1.3t | US$283.5b | US$23.2b | 37.2x | 57.8x | 4.7x |
| Mon, 21 Oct 2024 | US$1.3t | US$280.2b | US$22.5b | 37.2x | 59.9x | 4.8x |
| Wed, 18 Sep 2024 | US$1.3t | US$279.4b | US$22.2b | 39.1x | 59.9x | 4.8x |
| Fri, 16 Aug 2024 | US$1.2t | US$279.6b | US$21.9b | 35.9x | 56.6x | 4.4x |
| Sun, 14 Jul 2024 | US$1.3t | US$276.4b | US$22.7b | 38.6x | 55.2x | 4.5x |
| Tue, 11 Jun 2024 | US$1.3t | US$276.4b | US$22.7b | 36.9x | 55.5x | 4.6x |
| Thu, 09 May 2024 | US$1.3t | US$277.3b | US$24.9b | 37.2x | 50.4x | 4.5x |
| Sat, 06 Apr 2024 | US$1.3t | US$274.1b | US$23.9b | 39.5x | 53.1x | 4.6x |
| Mon, 04 Mar 2024 | US$1.3t | US$265.9b | US$22.7b | 36.9x | 56.3x | 4.8x |
| Wed, 31 Jan 2024 | US$1.3t | US$268.0b | US$21.0b | 35.2x | 59.5x | 4.7x |
| Fri, 29 Dec 2023 | US$1.2t | US$267.4b | US$20.2b | 37.5x | 60.3x | 4.5x |
| Sun, 26 Nov 2023 | US$1.1t | US$267.4b | US$20.1b | 36.5x | 56.4x | 4.2x |
| Tue, 24 Oct 2023 | US$1.1t | US$263.8b | US$15.2b | 32.8x | 69.6x | 4x |
| Thu, 21 Sep 2023 | US$1.1t | US$263.8b | US$15.0b | 35.7x | 76.3x | 4.3x |
| Sat, 19 Aug 2023 | US$1.2t | US$263.4b | US$15.1b | 35.2x | 77.8x | 4.5x |
| Mon, 17 Jul 2023 | US$1.3t | US$260.7b | US$16.1b | 36.6x | 80.4x | 5x |
| Wed, 14 Jun 2023 | US$1.2t | US$261.2b | US$16.2b | 36.1x | 76.2x | 4.7x |
| Fri, 12 May 2023 | US$1.3t | US$261.1b | US$16.6b | 36.1x | 75.9x | 4.8x |
| Sun, 09 Apr 2023 | US$1.2t | US$260.3b | US$18.5b | 36.4x | 65.1x | 4.6x |
| Tue, 07 Mar 2023 | US$1.2t | US$260.2b | US$18.4b | 37.9x | 63.6x | 4.5x |
| Thu, 02 Feb 2023 | US$1.2t | US$262.2b | US$19.8b | 35.2x | 61.3x | 4.6x |
| Sat, 31 Dec 2022 | US$1.1t | US$244.1b | US$19.0b | 32.4x | 59.1x | 4.6x |
| Mon, 28 Nov 2022 | US$1.1t | US$244.3b | US$19.0b | 32.9x | 58.2x | 4.5x |
| Wed, 26 Oct 2022 | US$1.1t | US$244.0b | US$25.8b | 32.7x | 41.1x | 4.3x |
| Fri, 23 Sep 2022 | US$1.0t | US$244.6b | US$26.3b | 32.3x | 39.2x | 4.2x |
| Sun, 21 Aug 2022 | US$1.1t | US$245.1b | US$26.6b | 34.9x | 43.1x | 4.7x |
| Tue, 19 Jul 2022 | US$1.1t | US$241.4b | US$26.2b | 33.5x | 41.1x | 4.5x |
| Thu, 16 Jun 2022 | US$1.0t | US$243.6b | US$26.2b | 33.1x | 39.7x | 4.3x |
| Sat, 14 May 2022 | US$1.1t | US$244.8b | US$26.7b | 35x | 42.5x | 4.6x |
Price to Earnings Ratio
42.5x
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 47.3x which is lower than its 3-year average PE of 57.1x.
- 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 5.3% 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 | 0.85% | |
| Healthcare | -4.05% | |
| Medical Equipment | -0.22% | |
| Medical Equipment | -0.067% | |
| Medical Supplies | -2.69% | |
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 11.9%, which is higher than its past year's earnings growth of 10.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 0.8% 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 | |
|---|---|---|---|---|---|
| ISRG Intuitive Surgical | US$530.46 | 3.0% +US$5.6b | 36.5% | PE76.8x | |
| ABT Abbott Laboratories | US$133.06 | 2.0% +US$5.2b | 25.3% | PE17.2x | |
| DXCM DexCom | US$81.53 | 14.3% +US$4.0b | -37.3% | PE59.7x | |
| SYK Stryker | US$377.52 | 1.8% +US$2.7b | 13.7% | PE50.5x | |
| IDXX IDEXX Laboratories | US$473.71 | 8.4% +US$2.7b | -2.1% | PE42.6x |