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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

$71.770.820.20%3.2%26.0×16.5×13.3×3.0×21.2%+15.0%$32.42B
$49.310.570.0%46.4×20.0×14.3×2.9×14.7%+27.1%$71.46B
€39.510.832.53%50.8%21.8×20.1×16.7×2.4×22.1%+14.0%$51.13B
€23.130.913.67%74.6%17.6×20.3×13.7×2.0×20.1%+16.7%$26.14B
$87.160.573.30%76.1%24.3×23.4×13.6×2.3×+12.9%
$176.862.37%72.5%25.6×30.6×13.3×2.0×25.0%+8.6%$48.17B
¥1,906.001.57%49.0%123.9×31.2×2.6×10.0%+1.0%$12.84B
$107.810.582.34%79.0%31.6×34.9×17.8×3.6×13.0%+9.8%$186.55B
$339.030.771.04%36.1%30.2×35.1×20.2×5.7×8.4%+12.7%$130.04B
$89.720.850.0%33.7×53.4×26.6×5.0×-7.1%+12.5%$51.71B
Avg
+0.78%0.741.70%44.1%38.1×28.5×16.6×3.1×14.2%+13.0%
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.