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U.S. Medical Equipment Industry Analysis
UpdatedMay 18, 2025
DataAggregated Company Financials
Companies239
- 7D3.4%
- 3M-3.2%
- 1Y9.5%
- YTD6.3%
The Medical Equipment industry is up 3.4% in the last week, with Intuitive Surgical up 5.0%. Meanwhile, Penumbra actually underperformed within the industry, shrinking 5.6% in the last week. This means that the industry has gained 9.5% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 18 May 2025 | US$1.4t | US$286.2b | US$29.3b | 33.4x | 46.9x | 4.8x |
| Tue, 15 Apr 2025 | US$1.2t | US$282.8b | US$27.7b | 29.1x | 45x | 4.4x |
| Thu, 13 Mar 2025 | US$1.3t | US$283.2b | US$27.4b | 31.9x | 48.2x | 4.7x |
| Sat, 08 Feb 2025 | US$1.4t | US$287.6b | US$30.5b | 35x | 46.4x | 4.9x |
| Mon, 06 Jan 2025 | US$1.3t | US$284.0b | US$23.6b | 34.5x | 55.4x | 4.6x |
| Wed, 04 Dec 2024 | US$1.3t | US$283.9b | US$23.4b | 37.1x | 57.5x | 4.7x |
| Fri, 01 Nov 2024 | US$1.3t | US$282.4b | US$23.2b | 35.8x | 56x | 4.6x |
| Sun, 29 Sep 2024 | US$1.3t | US$382.2b | US$32.8b | 39.8x | 40x | 3.4x |
| Tue, 27 Aug 2024 | US$1.3t | US$279.6b | US$22.2b | 35.5x | 58.4x | 4.6x |
| Thu, 25 Jul 2024 | US$1.3t | US$277.1b | US$22.8b | 38.9x | 55.6x | 4.6x |
| Sat, 22 Jun 2024 | US$1.3t | US$276.4b | US$22.7b | 36.7x | 55.2x | 4.5x |
| Mon, 20 May 2024 | US$1.3t | US$277.1b | US$23.0b | 37.9x | 55.6x | 4.6x |
| Wed, 17 Apr 2024 | US$1.2t | US$274.1b | US$23.9b | 37x | 52.1x | 4.5x |
| Fri, 15 Mar 2024 | US$1.3t | US$265.9b | US$22.6b | 37.9x | 56.8x | 4.8x |
| Sun, 11 Feb 2024 | US$1.3t | US$264.7b | US$22.4b | 35.4x | 56.1x | 4.7x |
| Tue, 09 Jan 2024 | US$1.2t | US$267.4b | US$20.1b | 37.7x | 59.6x | 4.5x |
| Thu, 07 Dec 2023 | US$1.1t | US$267.4b | US$20.1b | 35.4x | 56.5x | 4.3x |
| Sat, 04 Nov 2023 | US$1.1t | US$266.2b | US$19.3b | 35.1x | 55.8x | 4x |
| Mon, 02 Oct 2023 | US$1.1t | US$263.9b | US$15.0b | 34.5x | 74.3x | 4.2x |
| Wed, 30 Aug 2023 | US$1.2t | US$263.7b | US$15.0b | 35.1x | 79.9x | 4.5x |
| Fri, 28 Jul 2023 | US$1.3t | US$260.4b | US$15.0b | 36.9x | 86x | 5x |
| Sun, 25 Jun 2023 | US$1.3t | US$261.2b | US$16.2b | 36.7x | 78.5x | 4.9x |
| Tue, 23 May 2023 | US$1.3t | US$260.9b | US$16.7b | 36.4x | 75.5x | 4.8x |
| Thu, 20 Apr 2023 | US$1.3t | US$260.3b | US$18.5b | 37.8x | 68.4x | 4.9x |
| Sat, 18 Mar 2023 | US$1.1t | US$260.2b | US$18.6b | 37.1x | 61.1x | 4.4x |
| Mon, 13 Feb 2023 | US$1.2t | US$261.3b | US$19.4b | 35.2x | 60.9x | 4.5x |
| Wed, 11 Jan 2023 | US$1.2t | US$262.4b | US$20.8b | 33.8x | 56.5x | 4.5x |
| Fri, 09 Dec 2022 | US$1.1t | US$244.3b | US$19.0b | 32.6x | 59.1x | 4.6x |
| Sun, 06 Nov 2022 | US$1.0t | US$245.3b | US$22.1b | 32.1x | 47.1x | 4.3x |
| Tue, 04 Oct 2022 | US$1.0t | US$244.4b | US$26.5b | 32.7x | 38.9x | 4.2x |
| Thu, 01 Sep 2022 | US$1.1t | US$244.5b | US$26.8b | 33.3x | 40.1x | 4.4x |
| Sat, 30 Jul 2022 | US$1.1t | US$243.5b | US$26.5b | 35.9x | 42.3x | 4.6x |
| Mon, 27 Jun 2022 | US$1.1t | US$243.5b | US$26.2b | 34.8x | 41.6x | 4.5x |
| Wed, 25 May 2022 | US$1.1t | US$243.5b | US$26.1b | 35.2x | 43.7x | 4.7x |
Price to Earnings Ratio
43.7x
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 46.4x 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 Market | 5.34% | |
| Healthcare | 0.68% | |
| Medical Equipment | 3.41% | |
| Medical Equipment | 3.42% | |
| Medical Supplies | 3.16% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 54.1x.
- Analysts are expecting annual earnings growth of 11.9%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ISRG Intuitive Surgical | US$563.60 | 5.0% +US$9.7b | 41.3% | PE81.6x | |
| SYK Stryker | US$394.21 | 3.5% +US$5.1b | 17.8% | PE52.7x | |
| BSX Boston Scientific | US$106.04 | 3.1% +US$4.7b | 42.0% | PE77.2x | |
| MDT Medtronic | US$86.44 | 3.5% +US$3.8b | 0.6% | PE26x | |
| ABT Abbott Laboratories | US$134.80 | 1.2% +US$2.7b | 29.5% | PE17.4x |
