Best HealthTech Companies to Watch in 2025

HealthTech companies are at the forefront of revolutionizing healthcare delivery through technology. These companies are advancing medical devices, diagnostics, telehealth, and personalized medicine. Here are the top HealthTech companies to watch, including key financials for 2024:

Revenue Performance

• Definition: Revenue performance refers to the ability of a company to generate sales or income over a specific period. It is typically measured as a percentage change in revenue over time (quarter-over-quarter or year-over-year), indicating how well the company is growing or maintaining its sales base.
• Significance: It reflects the overall demand for a company’s products or services and is a key indicator of business expansion or contraction.

Price Performance

• Definition: Price performance refers to the change in a company’s stock price over a specific period, usually expressed as a percentage. It provides an insight into how the stock is performing in the market, reflecting investor sentiment, confidence, and market trends.
• Significance: Price performance helps investors evaluate how a company’s stock is faring relative to the market and other stocks. It can be a key metric for understanding market perception and growth potential.

Earnings Growth

• Definition: Earnings growth refers to the rate at which a company’s net income (profit) increases or decreases over time, usually on a year-over-year basis. It is an important financial indicator that shows how well the company is converting revenue into profit.
• Significance: Higher earnings growth typically signals that the company is managing its costs efficiently and capitalizing on market opportunities. Investors often use earnings growth to gauge a company’s profitability and future prospects.

TTM (Trailing Twelve Months)

• Definition: TTM stands for "Trailing Twelve Months" and refers to the data from the last 12 consecutive months used for reporting financial performance. It's a way of measuring the most recent full-year performance, regardless of where the company's fiscal year starts and ends.
• Significance: TTM is widely used because it provides an up-to-date reflection of a company’s performance. Unlike annual reports or quarterly reports, which focus on specific timeframes, TTM allows for a continuous view of revenue, earnings, and other key financial metrics, making it particularly useful for ongoing analysis.

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7. CooperCompanies (COO)

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CooperCompanies operates two business units—CooperVision (contact lenses) and CooperSurgical (women's healthcare products). It provides solutions in contact lens technology and women's health, including fertility and genomic products.

• Market Cap: $20.30B
• Current Price: $101.82
• Revenue Growth (Y/Y): +7.80%
• Earnings Growth (Y/Y): +22.74%
• Net Income: $104.70M
• Net Profit Margin: 10.44%
• Earnings per Share: $0.96
• EBITDA: $281.50M

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6. Hims & Hers Health, Inc. (HIMS)

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A telehealth company offering prescription and over-the-counter drugs, as well as mental health services. Hims & Hers has expanded its telehealth offerings and is widely recognized for accessibility and direct-to-consumer care solutions.

• Market Cap: $4.82B
• Current Price: $22.31
• Revenue Growth (Y/Y): +51.82%
• Earnings Growth (Y/Y): +285.79%
• Net Income: $13.30M
• Net Profit Margin: 4.21%
• Earnings per Share: $0.16
• EBITDA: $14.67M

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5. Castle Biosciences (CSTL)

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A molecular diagnostics company providing tests for dermatologic cancers, uveal melanoma, Barrett’s esophagus, and mental health. Known for DecisionDx and other precision diagnostics tools.

• Market Cap: $897.56M
• Current Price: $32.36
• Revenue Growth (Y/Y): +73.53%
• Earnings Growth (Y/Y): +147.50%
• Net Income: $8.92M
• Net Profit Margin: 10.25%
• Earnings per Share: $0.31
• EBITDA: $8.36M

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4. iRhythm Technologies (IRTC)

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Specializes in wearable biosensors and data analytics for diagnosing cardiac arrhythmias. Its Zio platform has set a new standard in heart monitoring and diagnostics.

• Market Cap: $2.79B
• Current Price: $89.26
• Revenue Growth (Y/Y): +18.41%
• Earnings Growth (Y/Y): -70.31%
• Net Income: -$46.18M
• Net Profit Margin: -31.30%
• Earnings per Share: -$1.26
• EBITDA: -$8.70M

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3. Johnson & Johnson (JNJ)

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J&J's MedTech division focuses on healthcare innovations in orthopedics, surgery, vision, and cardiovascular fields. Leveraging AI and machine learning, J&J is at the forefront of advancing medical technology and drug development.

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• Market Cap: $379.68B
• Current Price: $157.70
• Revenue Growth (Y/Y): +5.25%
• Earnings Growth (Y/Y): -89.65%
• Net Income: $2.69B
• Net Profit Margin: 11.99%
• Earnings per Share: $2.42
• EBITDA: $7.36B

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2. Danaher Corporation (DHR)

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Danaher comprises several companies in diagnostics, life sciences, and environmental solutions. Known for Integrated DNA Technologies and other biotech innovations.

• Market Cap: $179.23B
• Current Price: $248.30
• Revenue Growth (Y/Y): +3.09%
• Earnings Growth (Y/Y): -27.55%
• Net Income: $818.00M
• Net Profit Margin: 14.11%
• Earnings per Share: $1.71
• EBITDA: $1.77B

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1. Boston Scientific (BSX)

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A medical device company excelling in biotechnology and medical engineering. Boston Scientific’s innovations include devices for heart health, neuromodulation, and endoscopy.

• Market Cap: $127.35B
• Current Price: $86.41
• Revenue Growth (Y/Y): +19.34%
• Earnings Growth (Y/Y): -7.14%
• Net Income: $468.00M
• Net Profit Margin: 11.12%
• Earnings per Share: $0.63
• EBITDA: $1.02B

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If you invest in HealthTech stocks, it’s important to monitor for material events to avoid missing news or announcements that can significantly affect your investments.

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FAQ Section

What is HealthTech?

HealthTech refers to the use of technology to improve the delivery of healthcare services, enhance patient outcomes, and optimize the healthcare system. It encompasses areas such as telemedicine, wearable devices, health information technology, and genomics.

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What makes HealthTech companies attractive to investors?

HealthTech companies are appealing due to their potential for high growth, driven by increasing healthcare costs, aging populations, and the demand for more efficient healthcare services. Innovations in medical technology and data analytics also position these companies for long-term success.

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How do telemedicine companies like Teladoc work?

Telemedicine companies use digital platforms to connect patients with healthcare providers for remote consultations. These platforms offer virtual appointments via video, phone, or messaging, making healthcare more accessible and convenient for users.

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What is the role of AI in HealthTech?

AI is used in HealthTech to enhance diagnostics, predict patient outcomes, personalize treatments, and automate administrative tasks. For example, AI-powered systems can analyze medical images, detect anomalies, and assist doctors in making faster, more accurate diagnoses.

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Are HealthTech stocks a good investment?

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HealthTech stocks are considered a strong investment for those looking for exposure to the healthcare sector’s growth, particularly in areas such as telemedicine, wearable devices, and data analytics. However, like any investment, there are risks, including regulatory challenges and technological disruptions.

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