Considering investing in medical supplies stocks? While the best medical supplies stocks depend on your portfolio and investment goals, we've identified some medical supplies stocks that are worth keeping an eye on in the health sector. Keep reading to learn more about medical supplies stocks and how to start investing.
8 popular medical supplies stocks to watch
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 stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| The Cooper Companies (COO.US) | -30.67% | $13.9 billion | NASDAQ | 1,640,697 | Buy now |
| Baxter International (BAX.US) | -47.53% | $9.3 billion | NYSE | 7,892,800 | Buy now |
| Hologic (HOLX.US) | -6.85% | $16.5 billion | NASDAQ | 2,146,867 | Buy now |
| Dentsply Sirona (XRAY.US) | -38.10% | $2.2 billion | NASDAQ | 5,413,900 | Buy now |
| Teleflex Incorporated (TFX.US) | -43.96% | $4.8 billion | NYSE | 896,782 | Buy now |
| ResMed (RMD.US) | 1.17% | $36.7 billion | NYSE | 735,425 | Buy now |
| Intuitive Surgical (ISRG.US) | 4.27% | $198.5 billion | NASDAQ | 2,712,221 | Buy now |
| Alcon (ALC.US) | -14.87% | $36.6 billion | NYSE | 3,390,900 | Buy now |
What to look for when investing in medical supplies stock
The health industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering medical supplies stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in medical supplies stock
- Research the health industry. Before investing, learn about the medical supplies stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the medical supplies stock(s) to buy. Search by company name or ticker symbol, like COO or BAX. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy medical supplies stocks
Are medical supplies stocks a good investment?
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.What are the best medical supplies stocks?
A lot of factors go into picking the best medical supplies stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong medical supplies stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular medical supplies stocks in or related to the health industry to help narrow down your options:
- The Cooper Companies
- Baxter International
- Hologic
- Dentsply Sirona
- Teleflex Incorporated
- ResMed
- Intuitive Surgical
- Alcon
Keep in mind that this is not a "best" list or a recommendation. It highlights some medical supplies stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each medical supplies stock below. Keep reading to decide if any of these companies are the right investment for you.
The Cooper Companies (COO)
The Cooper Companies, Inc. , together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical.
| Closing stock price | $70.72 |
|---|---|
| Market Capitalization | $13.9 billion |
| Gross profit (TTM) | $2.7 billion |
| Profit margin | 10.08% |
| Revenue (TTM) | $4 billion |
| Earnings per share (TTM) | $2.04 |
| 52-week stock price range | $61.78 – $106.63 |
Baxter International (BAX)
Baxter International Inc. , through its subsidiaries, provides a portfolio of healthcare products in the United States. The company operates through three segments: Medical Products and Therapies, Healthcare Systems and Technologies, and Pharmaceuticals.
| Closing stock price | $17.75 |
|---|---|
| Market Capitalization | $9.3 billion |
| Gross profit (TTM) | $4.2 billion |
| Profit margin | -3.09% |
| Revenue (TTM) | $11 billion |
| Earnings per share (TTM) | -$0.70 |
| 52-week stock price range | $17.47 – $37.27 |
Hologic (HOLX)
Hologic, Inc. engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide. The company operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
| Closing stock price | $74.30 |
|---|---|
| Market Capitalization | $16.5 billion |
| Gross profit (TTM) | $2.5 billion |
| Profit margin | 13.79% |
| Revenue (TTM) | $4 billion |
| Earnings per share (TTM) | $2.49 |
| 52-week stock price range | $51.90 – $81.13 |
Dentsply Sirona (XRAY)
DENTSPLY SIRONA Inc. develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide. It operates through four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare.
| Closing stock price | $11.00 |
|---|---|
| Market Capitalization | $2.2 billion |
| Gross profit (TTM) | $1.9 billion |
| Profit margin | -24.34% |
| Revenue (TTM) | $3.6 billion |
| Earnings per share (TTM) | -$4.40 |
| 52-week stock price range | $10.69 – $19.92 |
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 bone access systems for the administration of intravenous therapies, the measurement of blood pressure, and the collection of blood samples. The company also offers interventional products, including various coronary catheters, structural heart support devices, peripheral intervention products, and mechanical circulatory support platform; and Arrow branded intra-aortic balloon pumps and catheters, Guideliner, Turnpike, and Trapliner catheters, the Manta Vascular Closure, and Arrow Oncontrol devices.
| Closing stock price | $109.40 |
|---|---|
| Market Capitalization | $4.8 billion |
| Gross profit (TTM) | $1.7 billion |
| Profit margin | -10.28% |
| Revenue (TTM) | $3.2 billion |
| Earnings per share (TTM) | -$7.17 |
| 52-week stock price range | $102.58 – $198.21 |
ResMed (RMD)
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software.
| Closing stock price | $250.10 |
|---|---|
| Market Capitalization | $36.7 billion |
| Gross profit (TTM) | $3.2 billion |
| Profit margin | 27.35% |
| Revenue (TTM) | $5.3 billion |
| Earnings per share (TTM) | $9.76 |
| 52-week stock price range | $199.07 – $293.81 |
Intuitive Surgical (ISRG)
Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables surgical procedures using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic endoluminal procedures enabling minimally invasive biopsies in the lung.
| Closing stock price | $560.00 |
|---|---|
| Market Capitalization | $198.5 billion |
| Gross profit (TTM) | $6.4 billion |
| Profit margin | 28.58% |
| Revenue (TTM) | $9.6 billion |
| Earnings per share (TTM) | $7.56 |
| 52-week stock price range | $425.00 – $616.00 |
Alcon (ALC)
Alcon Inc. researches, develops, manufactures, distributes, and sells eye care products worldwide. It operates through two segments, Surgical and Vision Care.
| Closing stock price | $73.97 |
|---|---|
| Market Capitalization | $36.6 billion |
| Gross profit (TTM) | $5.6 billion |
| Profit margin | 10.70% |
| Revenue (TTM) | $10 billion |
| Earnings per share (TTM) | $2.16 |
| 52-week stock price range | $71.55 – $98.85 |
Compare trading platforms to buy medical supplies stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding medical supplies stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of medical supplies stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the health industry to know when to buy, sell or hold.Frequently asked questions about medical supplies stocks
Sources
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