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U.S. Medical Equipment Industry Analysis

UpdatedNov 07, 2025
DataAggregated Company Financials
Companies235
  • 7D-0.3%
  • 3M-1.3%
  • 1Y-1.0%
  • YTD1.5%

Over the last 7 days, the Medical Equipment industry has remained flat, although notably IDEXX Laboratories gained 14%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Nov 2025US$1.3tUS$297.6bUS$30.2b28.1x43.3x4.4x
Sun, 05 Oct 2025US$1.3tUS$292.5bUS$31.4b31.1x42.1x4.5x
Tue, 02 Sep 2025US$1.3tUS$292.5bUS$31.4b28.9x42.9x4.6x
Thu, 31 Jul 2025US$1.3tUS$289.1bUS$30.7b33.3x43.9x4.7x
Sat, 28 Jun 2025US$1.3tUS$286.7bUS$29.6b30.8x45.4x4.7x
Mon, 26 May 2025US$1.3tUS$286.6bUS$29.6b31.4x44.6x4.6x
Wed, 23 Apr 2025US$1.2tUS$282.9bUS$27.9b29.5x44.1x4.4x
Fri, 21 Mar 2025US$1.3tUS$283.2bUS$27.5b29.5x48.4x4.7x
Sun, 16 Feb 2025US$1.4tUS$287.0bUS$30.4b34x46.6x4.9x
Tue, 14 Jan 2025US$1.3tUS$284.0bUS$23.1b34.7x57x4.6x
Thu, 12 Dec 2024US$1.3tUS$284.0bUS$23.5b37.3x56.8x4.7x
Sat, 09 Nov 2024US$1.3tUS$283.3bUS$22.7b36.9x58.3x4.7x
Mon, 07 Oct 2024US$1.3tUS$279.4bUS$22.2b37.1x58.4x4.6x
Wed, 04 Sep 2024US$1.3tUS$279.6bUS$22.2b36.6x59x4.7x
Fri, 02 Aug 2024US$1.2tUS$278.2bUS$23.1b37x52.9x4.4x
Sun, 30 Jun 2024US$1.2tUS$276.4bUS$22.7b36.7x54.7x4.5x
Tue, 28 May 2024US$1.3tUS$277.1bUS$22.5b37.5x56x4.5x
Thu, 25 Apr 2024US$1.2tUS$274.9bUS$24.2b36.5x51.5x4.5x
Sat, 23 Mar 2024US$1.3tUS$265.9bUS$22.6b39.9x56.2x4.8x
Mon, 19 Feb 2024US$1.3tUS$264.7bUS$22.2b35.9x56.6x4.8x
Wed, 17 Jan 2024US$1.2tUS$267.4bUS$20.2b38.4x61.6x4.6x
Fri, 15 Dec 2023US$1.2tUS$267.4bUS$20.2b37.4x58.9x4.4x
Sun, 12 Nov 2023US$1.0tUS$266.6bUS$19.8b34.4x52.6x3.9x
Tue, 10 Oct 2023US$1.1tUS$263.8bUS$15.1b34.8x72.7x4.2x
Thu, 07 Sep 2023US$1.2tUS$263.8bUS$15.0b34.7x78.8x4.5x
Sat, 05 Aug 2023US$1.2tUS$263.0bUS$15.3b37.3x80.1x4.7x
Mon, 03 Jul 2023US$1.3tUS$261.2bUS$16.2b37.2x79.9x4.9x
Wed, 31 May 2023US$1.2tUS$261.4bUS$16.3b35.8x73x4.6x
Fri, 28 Apr 2023US$1.3tUS$259.1bUS$17.3b37.7x73.2x4.9x
Sun, 26 Mar 2023US$1.2tUS$260.2bUS$18.5b36.9x62.6x4.5x
Tue, 21 Feb 2023US$1.2tUS$261.8bUS$19.3b37.7x61.2x4.5x
Thu, 19 Jan 2023US$1.2tUS$262.5bUS$20.8b33.5x56.1x4.5x
Sat, 17 Dec 2022US$1.1tUS$244.4bUS$19.0b30.9x58x4.5x
Mon, 14 Nov 2022US$1.1tUS$244.6bUS$21.2b34.6x51.9x4.5x
Price to Earnings Ratio

51.9x


Total Market Cap: US$1.1tTotal Earnings: US$21.2bTotal Revenue: US$244.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Medical Equipment Industry Price to Earnings3Y Average 57.4x202320242025
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 43.3x which is lower than its 3-year average PE of 57.4x.
  • 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 13% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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-1.75%
Healthcare1.03%
Medical Equipment-0.26%
Medical Supplies-0.18%
Medical Equipment-0.26%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 53.9x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 17.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 1.3% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% 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
IDXX IDEXX LaboratoriesUS$713.7413.6%
+US$6.7b		64.8%PE55.5x
ISRG Intuitive SurgicalUS$547.783.4%
+US$6.3b		4.5%PE70.7x
STE STERISUS$260.0610.1%
+US$2.4b		20.7%PE37.2x
PEN PenumbraUS$264.6116.4%
+US$1.5b		11.9%PE63.2x
HAE HaemoneticsUS$67.1134.2%
+US$824.8m		-22.4%PE19.2x

Latest News

HAE
US$67.11
Haemonetics
7D
34.2%
1Y
-22.4%

A Piece Of The Puzzle Missing From Haemonetics Corporation's (NYSE:HAE) 36% Share Price Climb

Nov 07
A Piece Of The Puzzle Missing From Haemonetics Corporation's (NYSE:HAE) 36% Share Price Climb
TFX
US$108.51
Teleflex
7D
-12.8%
1Y
-44.5%
PODD
US$323.40
Insulet
7D
3.7%
1Y
32.0%
ZBH
US$88.51
Zimmer Biomet Holdings
7D
-11.1%
1Y
-18.6%
PEN
US$264.61
Penumbra
7D
16.4%
1Y
11.9%
STE
US$260.06
STERIS
7D
10.1%
1Y
20.7%
SYK
US$353.81
Stryker
7D
-4.1%
1Y
-4.3%
IDXX
US$713.74
IDEXX Laboratories
7D
13.6%
1Y
64.8%
ATEC
US$19.51
Alphatec Holdings
7D
19.5%
1Y
107.3%
ABT
US$124.95
Abbott Laboratories
7D
0.2%
1Y
8.4%

Abbott Laboratories' (NYSE:ABT) Earnings Are Weaker Than They Seem

Nov 05
Abbott Laboratories' (NYSE:ABT) Earnings Are Weaker Than They Seem
MDT
US$90.06
Medtronic
7D
-1.0%
1Y
2.2%
BSX
US$99.05
Boston Scientific
7D
-1.5%
1Y
14.0%
BAX
US$17.98
Baxter International
7D
-6.2%
1Y
-50.1%

BAX: Near-Term Headwinds Will Resolve As Margins Stabilize Into 2026

Analysts have reduced their price target for Baxter International from approximately $28 to $24.07 per share. They cite persistent revenue headwinds, lower margins, and management's more cautious outlook for 2025 and beyond.
EW
US$82.44
Edwards Lifesciences
7D
-1.2%
1Y
25.2%
DXCM
US$58.02
DexCom
7D
-14.9%
1Y
-15.8%

Earnings Beat: DexCom, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Nov 02
Earnings Beat: DexCom, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
ISRG
US$547.78
Intuitive Surgical
7D
3.4%
1Y
4.5%

Rising Demand And Cost Pressures Will Shape Robotic Surgery Outlook

The analyst price target for Intuitive Surgical has been raised from $573.55 to $594.29. Analysts cite strong third-quarter earnings, improving profit margins, and robust demand, despite ongoing pressures and competitive risks.