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8 top medical supplies stocks to buy in 2023
Ready to invest in the health industry? Learn how to invest in medical supplies stocks in just a few steps.
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.
8 medical supplies stocks to buy in 2023
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.
- The Cooper Companies IncCommon Stock (COO)
- Baxter International (BAX)
- Hologic (HOLX)
- Dentsply Sirona (XRAY)
- Teleflex Incorporated (TFX)
- ResMed (RMD)
- Intuitive Surgical (ISRG)
- Alcon (ALC)
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The medical supplies stocks 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.
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How to invest in medical supplies stocks
- Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2023.
- Sign up for an account. Provide your personal information and sign up.
- Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
- Choose the stocks you want to buy. Search for the stock by name or ticker symbol like COO or BAX.
- Place your order. Buy the stock. It's that simple.
Take a deeper dive into medical supplies stocks
If you're interested in investing in the health industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.1. The Cooper Companies IncCommon Stock (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.
The Cooper Companies IncCommon Stock stock opened the day at $336.61 after a previous close of $336.92. The latest price was $341.08 (25-minute delay). The Cooper Companies IncCommon Stock is listed on the NASDAQ, has a trailing 12-month revenue of around USD3.5 billion and employs 15,000 staff.
- Market capitalization: $16,805,508,096
- P/E ratio: 61.3635
- PEG ratio: 2.015
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; intravenous therapies, infusion pumps, administration sets, and drug reconstitution devices; premixed and oncology drug platforms, inhaled anesthesia and critical care products and pharmacy compounding services; parenteral nutrition therapies and related products; biological products and medical devices used in surgical procedures for hemostasis, tissue sealing and adhesion prevention; and continuous renal replacement therapies and other organ support therapies focused in the intensive care unit.
Baxter International stock opened the day at $36.10 after a previous close of $36.08. The latest price was $36.55 (25-minute delay). Baxter International is listed on the NYSE, has a trailing 12-month revenue of around USD$15.3 billion and employs 60,000 staff.
- Market capitalization: $18,273,810,432
- P/E ratio: 78.3043
- PEG ratio: 1.6956
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. The company operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
Hologic stock opened the day at $71.17 after a previous close of $71.30. The latest price was $71.15 (25-minute delay). Hologic is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4 billion and employs 6,990 staff.
- Market capitalization: $17,167,415,296
- P/E ratio: 39.0874
- PEG ratio: 0.9333
4. Dentsply Sirona (XRAY)
DENTSPLY SIRONA Inc. manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables.
Dentsply Sirona stock opened the day at $31.70 after a previous close of $31.75. The latest price was $32.55 (25-minute delay). Dentsply Sirona is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.9 billion and employs 15,000 staff.
- Market capitalization: $6,635,454,976
- PEG ratio: 18.9096
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, Turnpike, and Trapliner catheters, the Manta Vascular Closure, and Arrow Oncontrol devices.
Teleflex Incorporated stock opened the day at $224.51 after a previous close of $225.69. The latest price was $227.67 (25-minute delay). Teleflex Incorporated is listed on the NYSE, has a trailing 12-month revenue of around USD$3 billion and employs 15,500 staff.
- Market capitalization: $10,336,044,032
- P/E ratio: 25.6951
- PEG ratio: 3.1295
6. ResMed (RMD)
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. It operates in two segments, Sleep and Respiratory Care, and Software as a Service.
ResMed stock opened the day at $157.45 after a previous close of $157.73. The latest price was $159.64 (25-minute delay). ResMed is listed on the NYSE and has a trailing 12-month revenue of around USD$4.4 billion.
- Market capitalization: $22,634,518,528
- P/E ratio: 24.9805
- PEG ratio: 1.7408
7. 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 to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.
Intuitive Surgical stock opened the day at $310.59 after a previous close of $310.84. The latest price was $315.20 (25-minute delay). Intuitive Surgical is listed on the NASDAQ, has a trailing 12-month revenue of around USD$6.9 billion and employs 12,120 staff.
- Market capitalization: $111,962,423,296
- P/E ratio: 74.6502
- PEG ratio: 3.2734
8. Alcon (ALC)
Alcon Inc. 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 $74.98 after a previous close of $75.63. The latest price was $75.85 (25-minute delay). Alcon is listed on the NYSE, has a trailing 12-month revenue of around USD$9.3 billion and employs 25,000 staff.
- Market capitalization: $36,019,429,376
- P/E ratio: 80.4835
Compare more stock trading platforms to invest in medical supplies stocks
Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in medical supplies stocks.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.Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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