Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Medical supplies stocks

Ready to invest in the health industry? Consider these 8 stocks.

The best medical supplies stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

How to buy medical supplies stocks

Sign up with an online broker or platform to invest in one of more of these medical supplies stocks.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like COO or BAX. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Invest in the health industry today with a market order or use a limit order to delay your purchase until the stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of a medical supplies company. Optimize your portfolio by tracking how your stock — and even the health sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Take a deeper dive into medical supplies stocks

We round up a selection of stocks in or related to the health industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. The Cooper Companies (COO)

The Cooper Companies, Inc. operates as a medical device company worldwide. It operates through two segments, CooperVision and CooperSurgical.

The Cooper Companies stock opened the day at $441.56 after a previous close of $442.75. The latest price was $436.60 (25 minute delay). The Cooper Companies is listed on the NYSE, has a trailing 12-month revenue of around USD2.8 billion and employs 12,000 staff.

  • Market capitalization: $21,663,236,096
  • P/E ratio: 7.4882
  • PEG ratio: 2.6383

Back to top


2. Baxter International (BAX)

Baxter International Inc. , through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; renal replacement therapies and other organ support therapies focused in the intensive care unit; sterile intravenous (IV) solutions, IV therapies, infusion pumps, administration sets, and drug reconstitution devices; and parenteral nutrition therapies.

Baxter International stock opened the day at $82.94 after a previous close of $83.22. The latest price was $83.61 (25 minute delay). Baxter International is listed on the NYSE, has a trailing 12-month revenue of around USD$12.2 billion and employs 50,000 staff.

  • Market capitalization: $40,417,722,368
  • P/E ratio: 37.1042
  • PEG ratio: 1.5667

Back to top


3. Hologic (HOLX)

Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.

Hologic stock opened the day at $77.25 after a previous close of $77.35. The latest price was $76.48 (25 minute delay). Hologic is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.7 billion and employs 5,814 staff.

  • Market capitalization: $19,386,687,488
  • P/E ratio: 9.7988
  • PEG ratio: 0.7797

Back to top


4. DENTSPLY SIRONA (XRAY)

DENTSPLY SIRONA Inc. designs, develops, manufactures, distributes, and sells various dental products and technologies primarily for professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables.

DENTSPLY SIRONA stock opened the day at $62.13 after a previous close of $62.21. The latest price was $61.23 (25 minute delay). DENTSPLY SIRONA is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.1 billion and employs 15,000 staff.

  • Market capitalization: $13,025,639,424
  • P/E ratio: 35.5609
  • PEG ratio: 18.9096

Back to top


5. Teleflex Incorporated (TFX)

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. It provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site. The company also offers interventional products, which consists of various coronary catheters, structural heart therapies, and peripheral intervention and cardiac assist products that are used by interventional cardiologists and radiologists, and vascular surgeons; and Arrow branded catheters, Guideline and Trapliner catheters, the Manta Vascular Closure, and Arrow Oncontrol devices.

Teleflex Incorporated stock opened the day at $383.27 after a previous close of $385.97. The latest price was $385.57 (25 minute delay). Teleflex Incorporated is listed on the NYSE, has a trailing 12-month revenue of around USD$2.7 billion and employs 14,000 staff.

  • Market capitalization: $18,163,038,208
  • P/E ratio: 52.395
  • PEG ratio: 2.8487

Back to top


6. ResMed (RMD)

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. The company operates in two segments, Sleep and Respiratory Care, and Software as a Service.

ResMed stock opened the day at $249.93 after a previous close of $250.73. The latest price was $247.68 (25 minute delay). ResMed is listed on the NYSE, has a trailing 12-month revenue of around USD$3.2 billion and employs 7,970 staff.

  • Market capitalization: $40,714,924,032
  • P/E ratio: 86.2593
  • PEG ratio: 3.9638

Back to top


7. Intuitive Surgical (ISRG)

Intuitive Surgical, Inc. , together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D HD vision systems, skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

Intuitive Surgical stock opened the day at $1,035.29 after a previous close of $1,034.01. The latest price was $1,037.27 (25 minute delay). Intuitive Surgical is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.2 billion and employs 8,081 staff.

  • Market capitalization: $124,146,876,416
  • P/E ratio: 77.9011
  • PEG ratio: 4.7042

Back to top


8. Alcon (ALC)

Alcon, Inc. , an eye care company, researches, develops, manufactures, distributes, and sells eye care products for eye care professionals and their patients worldwide. The company's Surgical segment offers equipment, instrumentation and diagnostics, intraocular lenses (IOLs), and other implantables; and consumables, including viscoelastics, surgical solutions, incisional instruments, surgical custom packs, and other products for use in surgical procedures.

Alcon stock opened the day at $70.31 after a previous close of $69.97. The latest price was $70.39 (25 minute delay). Alcon is listed on the NYSE, has a trailing 12-month revenue of around USD$7.8 billion and employs 23,000 staff.

  • Market capitalization: $41,703,899,136
  • P/E ratio: 228.7903

Back to top

Compare online stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

Name Product Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
OFFER
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get a $50 bonus when you open a Wealthsimple Trade account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.
An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until September 30, 2021.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
loading

Compare up to 4 providers

Online stock trading
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in medical supplies stocks, keep in mind that — like any investment — medical supplies stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the health industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.

More on investing

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site