Insights · Index

LiquidSMARTS℠ MedTech Commercial Index

Three equal-weighted bands of public MedTech companies, and the commercial news behind the moves: launches, sales-force changes, reimbursement, contracts, and guidance. Stock chatter is filtered out. Updated every trading day after the close.

Composite 115.21-1.17% on the day+15.2% YTDas of Tue, Nov 10, 2026 close

Composite

115.21

-1.17% day · +15.2% YTD

76 names · 19 up / 55 down

Core

99.77

-0.73% day · -0.2% YTD

24 names · 4 up / 19 down

Commercial Watch

118.43

-0.99% day · +18.4% YTD

31 names · 10 up / 21 down

Broad Market

115.61

-1.21% day · +15.6% YTD

71 names · 18 up / 51 down

8091103114125JanFebMarAprMayJunJulAugSepOctNov
CompositeCoreCommercial WatchBroad MarketBase 100 = Dec 31, 2025 close

Commercial Signal Feed

What moved the commercial story

Headlines naming an index company, scored for commercialization and sales relevance. Analyst price targets, fund-stake filings, dividend notices, and “should you buy” pieces are excluded.

Tue, Nov 10, 2026

Mon, Nov 9, 2026

Sun, Nov 8, 2026

Sat, Nov 7, 2026

Wed, Nov 4, 2026

Tue, Nov 3, 2026

Mon, Nov 2, 2026

Sun, Nov 1, 2026

Sat, Oct 31, 2026

Fri, Oct 30, 2026

Methodology

  • Weighting. Equal weight, rebalanced daily: each band moves by the average one-day price return of its members.
  • Base. 100 at the December 31, 2025 close. Price return; dividends are not reinvested.
  • Bands. The scaled platforms that set pricing, contracting, and coverage norms. Mid-cap growth names where launches, sales-force builds, and reimbursement wins move the story. Mirrors the holdings of the SPDR S&P Health Care Equipment ETF (XHE), refreshed daily.
  • Composite. Every unique company across the three bands, equal-weighted.
  • Data rules. A band prints only when at least half its members have a close. Single-day moves beyond ±75% are treated as data errors. Band 3 history uses current XHE membership, so it carries survivorship bias.
  • News scoring. Eight commercial categories, weighted: sales organization, launch, reimbursement, contracts and channel, approval to market, demand and guidance, M&A, pricing and supply.

Prices from Yahoo Finance. Holdings from State Street SPDR XHE. Headlines link to the original publisher. For research and commercial-strategy discussion only. Not investment advice.

Constituents

Band 1 · Large-Cap Core (24)

Abbott (ABT) · Alcon (ALC) · Align Technology (ALGN) · Baxter (BAX) · BD (BDX) · Boston Scientific (BSX) · CooperCompanies (COO) · Dexcom (DXCM) · Edwards Lifesciences (EW) · GE HealthCare (GEHC) · Globus Medical (GMED) · Intuitive Surgical (ISRG) · Medline (MDLN) · Medtronic (MDT) · MiniMed (MMED) · Penumbra (PEN) · Philips (PHG) · Insulet (PODD) · ResMed (RMD) · Siemens Healthineers (SMMNY) · Solventum (SOLV) · STERIS (STE) · Stryker (SYK) · Zimmer Biomet (ZBH)

Band 2 · Commercial Watch (31)

Alphatec (ATEC) · AtriCure (ATRC) · Axogen (AXGN) · Beta Bionics (BBNX) · Butterfly Network (BFLY) · Ceribell (CBLL) · CONMED (CNMD) · Enovis (ENOV) · Establishment Labs (ESTA) · Glaukos (GKOS) · Haemonetics (HAE) · Integra LifeSciences (IART) · ICU Medical (ICUI) · Inspire Medical Systems (INSP) · iRadimed (IRMD) · iRhythm (IRTC) · Integer Holdings (ITGR) · Kestra Medical (KMTS) · LivaNova (LIVN) · LeMaitre Vascular (LMAT) · Lantheus (LNTH) · Merit Medical (MMSI) · Novocure (NVCR) · Envista (NVST) · Outset Medical (OM) · Omnicell (OMCL) · PROCEPT BioRobotics (PRCT) · SI-BONE (SIBN) · Teleflex (TFX) · TransMedics (TMDX) · Tandem Diabetes Care (TNDM)

Band 3 · Broad Market (71)

Abbott Laboratories (ABT) · Align Technology (ALGN) · Angiodynamics (ANGO) · Artivion (AORT) · Strive (ASST) · Alphatec (ATEC) · Atricure (ATRC) · Anteris Technologies Global (AVR) · Axogen (AXGN) · Baxter International (BAX) · Beta Bionics (BBNX) · Becton Dickinson And (BDX) · Butterfly Network (BFLY) · Boston Scientific (BSX) · Bioventus (BVS) · Ceribell (CBLL) · Cerus (CERS) · Clearpoint Neuro (CLPT) · Conmed (CNMD) · Cooper Cos (COO) · Delcath Systems (DCTH) · Dexcom (DXCM) · Enovis (ENOV) · Edwards Lifesciences (EW) · Ge Healthcare Technology (GEHC) · Glaukos (GKOS) · Globus Medical (GMED) · Haemonetics (HAE) · Integra Lifesciences (IART) · Icu Medical (ICUI) · Idexx Laboratories (IDXX) · Inspire Medical Systems (INSP) · Iradimed (IRMD) · Irhythm (IRTC) · Intuitive Surgical (ISRG) · Integer (ITGR) · Orthopediatrics (KIDS) · Kestra Medical Technologies (KMTS) · Livanova (LIVN) · Lemaitre Vascular (LMAT) · Lantheus (LNTH) · Medline (MDLN) · Medtronic (MDT) · Minimed (MMED) · Merit Medical Systems (MMSI) · Neogen (NEOG) · Neuropace (NPCE) · Novocure (NVCR) · Envista (NVST) · Orthofix Medical (OFIX) · Omnicell (OMCL) · Penumbra (PEN) · Pulse Biosciences (PLSE) · Insulet (PODD) · Procept Biorobotics (PRCT) · Quidelortho (QDEL) · Resmed (RMD) · Senseonics (SENS) · Si Bone (SIBN) · Solventum (SOLV) · Staar Surgical (STAA) · Steris (STE) · Stryker (SYK) · Tactile Systems Technology I (TCMD) · Teleflex (TFX) · Transmedics (TMDX) · Tandem Diabetes Care (TNDM) · Ufp Technologies (UFPT) · Varex Imaging (VREX) · Dentsply Sirona (XRAY) · Zimmer Biomet (ZBH)