Medtech and Device Industry Newsletter - Q3 2024

This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare Technology, and Large, Diversified Healthcare Companies. Each issue also includes a review of market performance, valuation multiple trends, operating metrics, and other market data

During the second quarter of 2026, the healthcare technology sector posted a positive quarter-over-quarter return (1.1%), reversing a trend of negative quarterly returns over the last twelve months. Four companies within this sector caught our attention in reviewing market returns over 2Q26: Evolent Health, Claritev, Health Catalyst, and Teladoc Health. The following charts show quarterly returns for these companies, the healthcare technology sector, and the S&P 500.In this article, we try to make some sense of the market volatility related to the healthcare technology sector.

This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare Technology, and Large, Diversified Healthcare Companies. Each issue also includes a review of market performance, valuation multiple trends, operating metrics, and other market data