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MedTech - Peer Group

This peer group analysis benchmarks a selected group of leading companies in the global medical technology sector. The peer group represents a broad cross-section of cardiovascular, diagnostics, imaging, orthopedics, and minimally invasive therapy markets.

MedTech Peer Group

$65.990.820.21%3.2%24.5×15.2×12.2×2.7×22.7%+25.9%$29.85B
$44.690.570.0%42.9×18.1×13.1×2.6×16.4%+36.7%$64.73B
€37.200.832.67%50.8%20.9×18.9×15.8×2.2×23.5%+22.4%$47.45B
€21.630.913.89%74.6%16.8×19.0×12.9×1.8×21.9%+24.3%$24.09B
$90.120.573.17%70.2%22.2×22.4×14.1×2.3×15.2%+16.3%$115.33B
$273.950.771.28%36.1%25.0×28.3×16.4×4.4×10.7%+34.7%$104.97B
$183.060.282.30%72.5%26.3×31.7×13.8×2.0×24.4%+6.9%$49.88B
¥2,005.000.221.50%49.0%128.4×32.8×2.8×8.6%+7.8%$13.46B
$103.990.592.43%79.0%26.5×33.7×17.1×3.5×13.1%+15.6%$179.97B
$87.810.850.0%33.3×52.0×26.0×4.8×-6.0%+15.0%$50.61B
Avg
-0.54%0.641.75%43.5%36.7×27.2×15.7×2.9×15.0%+20.6%
10 tickers · Beta, Yield, Div. Payout, EV/FCF, Tr P/E, Fw P/E, P/B, NetDebt/EV, Tgt Spread, Mkt Cap

 

Medtech Companies Ranked ranked by their AI & Autonomous Agent Revolution Potential (Next 5 Years)

Grok 4 Expert's take (May 6, 2026):

Rank

Company Name

Star Rating

Rationale

1

GE HealthCare Technologies Inc. (GEHC)

★★★★★ (5/5)

Undisputed leader in agentic AI: 2025 prototypes demonstrate multi-agent systems for autonomous radiology workflows, pre/post-interpretive tasks, and virtual tumor boards—directly addressing radiologist shortages with device-integrated autonomy.

2

Siemens Healthineers AG (SHL)

★★★★★ (5/5)

AI-Rad Companion automation plus Operational Twins with AI agents for real-time process optimization and scenario simulation; scales autonomous clinical + hospital operations better than most peers.

3

Koninklijke Philips N.V. (PHIA.AS)

★★★★☆ (4.5/5)

Advancing agentic AI agents as "teammates" in acute care/imaging coordination, autonomous data synthesis, and MRI workflows—strong for reducing clinician cognitive load across care pathways.

4

Stryker Corporation (SYK)

★★★★☆ (4.5/5)

Mako SmartRobotics with AI navigation on clear roadmap to greater sensor-driven autonomy in orthopedics and OR procedures.

5

Medtronic plc (MDT)

★★★★☆ (4.5/5)

AiBLE ecosystem + Hugo RAS robotics deliver integrated AI-driven pre-op planning, real-time navigation, and post-op insights; strengthens procedural agent potential (slight upgrade vs. prior view).

6

Abbott Laboratories (ABT)

★★★★ (4/5)

AI in FreeStyle Libre CGM, Ultreon imaging, and cardiac monitors for autonomous real-time alerts and chronic disease insights.

7

Boston Scientific Corporation (BSX)

★★★☆ (3.5/5)

Solid AI in electrophysiology mapping and interventional devices; supportive data analytics but less agent-centric than imaging or robotics leaders.

8

Becton, Dickinson and Company (BDX)

★★★☆ (3.5/5)

Incada/Pyxis AI for autonomous medication management and hospital logistics—strong backend ops play.

9

Olympus Corporation (7733.T)

★★★ (3/5)

OLYSENSE/CADDIE AI for autonomous polyp detection in endoscopy; high-volume niche upside.

10

Edwards Lifesciences Corporation (EW)

★★★ (3/5)

Acumen HPI provides strong predictive hypotension alerts/recommendations (proven outcome data); valuable but narrower than broad agentic platforms (modest bump vs. prior but still limited leverage).

 

Medtech Companies Ranked ranked by their Defensiveness & Resilience in case of a Global Recession

Grok 4 Expert's take (May, 2026):

Rank

Ticker

Company Name

Star Rating

Rationale

1

BDX

Becton, Dickinson and Company (BDX)

★★★★★ (5/5)

>90% recurring revenue from daily essential consumables (syringes, IV infusion, medication delivery, lab diagnostics) — completely inelastic demand and zero elective exposure; hospitals must buy regardless of budgets or credit crunch.

2

ABT

Abbott Laboratories (ABT)

★★★★☆ (4.75/5)

High recurring CGM sensors (FreeStyle Libre), diagnostics reagents, plus nutrition (staple-like consumer demand) and chronic devices; diversified mix provides strong buffer vs pure procedure plays.

3

MDT

Medtronic plc (MDT)

★★★★☆ (4.5/5)

Chronic cardiac implants, diabetes pumps/consumables, and monitoring deliver sticky recurring revenue in life-critical areas with limited deferral risk.

4

BSX

Boston Scientific Corporation (BSX)

★★★★ (4/5)

Mostly urgent interventional cardiology and rhythm devices (essential procedures) with solid implant/consumable mix; lower capex reliance than imaging peers.

5

EW

Edwards Lifesciences Corporation (EW)

★★★☆ (3.75/5)

Structural heart valves (TAVR) are life-saving but still procedure-based; some deferral possible in extreme austerity, though mortality risk limits cuts vs pure elective.

6

7733.T

Olympus Corporation (7733.T)

★★★ (3/5)

Endoscopy mix of capital scopes + disposables; many GI procedures are semi-elective and can be delayed in deep recession.

7

PHIA.AS

Koninklijke Philips N.V. (PHIA.AS)

★★☆ (2.75/5)

Patient monitoring has some recurring element but heavy imaging/connected-care capex exposure makes it vulnerable to hospital budget freezes.

8

SHL

Siemens Healthineers AG (SHL)

★★☆ (2.5/5)

Strong diagnostics recurring but dominant imaging equipment sales are highly cyclical; hospitals defer big-ticket orders first in downturns.

9

GEHC

GE HealthCare Technologies Inc. (GEHC)

★★ (2/5)

Highest capex sensitivity among imaging leaders (MRI/CT/ultrasound systems); service revenue helps but new equipment sales collapse in credit-crunched recessions.

10

SYK

Stryker Corporation (SYK)

★★ (2/5)

Significant elective orthopedic joint replacements and capital robotics exposure; highest deferral risk in severe unemployment/budget cuts.