Medical Devices Industry Overview

Healthcare sector

Companies

174

Total Market Cap

$1.1T

Median P/E

31.3

P25: 25.2 / P75: 59.7

Median P/B

3.3

P25: 1.3 / P75: 6.8

Median EV/EBITDA

17.0

P25: 11.9 / P75: 24.1

Median ROE

-24.5%

P25: -135.6% / P75: 4.8%

Top Companies by Market Cap(137)

Ticker	Name	Market Cap	P/E Ratio	P/B	EV/EBITDA	ROE
ISRG	Intuitive Surgical, Inc.	$178.8B	62.6	10.0	-	16.0%
SYK	STRYKER CORP	$148.3B	45.7	6.6	23.9	14.5%
MDT	Medtronic plc	$125.4B	26.9	2.6	16.2	9.7%
BSX	BOSTON SCIENTIFIC CORPORATION	$114.0B	39.4	4.7	24.1	11.9%
MMM	3M COMPANY	$87.1B	26.8	18.5	14.5	69.1%
BDX	BECTON, DICKINSON AND COMPANY	$50.2B	29.9	2.0	13.9	6.6%
EW	EDWARDS LIFESCIENCES CORPORATION	$50.2B	12.0	5.0	10.6	41.8%
GEHC	GE HEALTHCARE TECHNOLOGIES INC.	$38.4B	18.4	3.7	12.8	20.1%
RMD	ResMed Inc.	$37.3B	26.7	6.3	-	23.5%
DXCM	DEXCOM, INC.	$28.3B	33.8	10.3	21.0	30.5%
STE	STERIS plc	$24.7B	40.3	3.7	19.5	9.3%
ZBH	ZIMMER BIOMET HOLDINGS, INC.	$19.5B	27.7	1.5	11.9	5.6%
WST	WEST PHARMACEUTICAL SERVICES, INC.	$18.3B	37.1	5.8	22.5	15.5%
PODD	INSULET CORPORATION	$17.4B	70.3	11.5	36.0	16.3%
HOLX	HOLOGIC INC	$16.8B	29.7	3.3	15.8	11.2%
COO	COOPER COMPANIES, INC.	$16.4B	43.7	2.0	18.0	4.6%
ALGN	ALIGN TECHNOLOGY, INC.	$13.6B	32.4	3.5	-	10.9%
PEN	Penumbra, Inc.	$13.5B	964.2	11.7	286.7	1.2%
SOLV	SOLVENTUM CORPORATION	$12.9B	26.9	4.3	-	16.2%
GMED	GLOBUS MEDICAL, INC.	$12.8B	124.1	3.1	31.6	2.5%
BAX	Baxter International Inc.	$10.5B	-	1.7	25.4	-15.6%
MASI	MASIMO CORP	$9.4B	-	9.0	-	-29.0%
MSA	MSA SAFETY INCORPORATED	$7.6B	27.2	5.5	17.0	20.4%
GKOS	Glaukos Corporation	$7.0B	-	9.1	-	-19.1%
BLCO	Bausch & Lomb Corp	$6.5B	-	1.0	21.6	-5.6%
TFX	TELEFLEX INCORPORATED	$5.4B	77.4	1.3	15.6	1.6%
TMDX	TransMedics Group, Inc.	$5.0B	140.0	21.7	66.2	15.5%
MMSI	MERIT MEDICAL SYSTEMS INC	$4.6B	38.0	3.3	17.4	8.7%
IRTC	iRhythm Holdings, Inc.	$4.3B	-	28.3	-	-29.2%
LIVN	LivaNova PLC	$3.9B	61.0	2.9	23.0	4.8%
ICUI	ICU MEDICAL INC/DE	$3.7B	5078.3	1.8	15.8	0.0%
WRBY	Warby Parker Inc.	$3.1B	-	9.0	-	-6.0%
ITGR	INTEGER HOLDINGS CORPORATION	$3.0B	24.9	1.8	12.5	7.4%
HAE	HAEMONETICS CORPORATION	$2.9B	17.5	3.6	10.6	20.4%
LMAT	LEMAITRE VASCULAR, INC.	$2.5B	55.7	7.3	36.4	13.1%
ESTA	Establishment Labs Holdings Inc.	$2.3B	-	43.1	-	-159.3%
EYE	National Vision Holdings, Inc.	$2.1B	-	2.6	-	-3.5%
ATEC	ALPHATEC HOLDINGS, INC.	$2.0B	-	-	-	-
INSP	Inspire Medical Systems, Inc.	$1.8B	12.7	2.4	7.3	18.6%
AORT	ARTIVION, INC.	$1.8B	188.6	4.1	31.2	2.2%
CDRE	CADRE HOLDINGS, INC.	$1.8B	50.0	5.8	24.1	11.6%
TNDM	Tandem Diabetes Care, Inc.	$1.7B	-	11.1	-	-131.9%
UFPT	UFP Technologies, Inc.	$1.6B	27.5	4.7	18.8	17.2%
AXGN	AXOGEN, INC.	$1.6B	-	15.3	342.3	-9.6%
ATRC	AtriCure, Inc.	$1.6B	-	3.2	186.0	-2.3%
NVCR	NovoCure Limited	$1.5B	-	4.3	-	-46.8%
ENOV	Enovis Corporation	$1.5B	-	0.6	16.7	-32.2%
CNMD	CONMED CORPORATION	$1.4B	30.1	1.4	18.5	4.6%
IRMD	IRADIMED CORPORATION	$1.3B	68.5	15.2	-	22.2%
PLSE	Pulse Biosciences, Inc.	$1.3B	-	15.7	-	-90.2%