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Merit Medical Systems, Inc.: Business Overview, Financials & Competitive Analysis

Merit Medical designs and manufactures products for interventional cardiology, radiology, and endoscopy procedures. Founded in 1987, Merit Medical is a specialized manufacturer in the medical devices and equipment ind...

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7/ 10Strong

Cyborg Score thesis

Well-positioned medical device maker with double-digit growth, margin expansion potential, and strong free cash flow generation,...

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Industry Medical Devices
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 28, 2026
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Merit Medical Systems, Inc. Overview

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Merit Medical designs and manufactures products for interventional cardiology, radiology, and endoscopy procedures. Founded in 1987, Merit Medical is a specialized manufacturer in the medical devices and equipment industry. The company serves hospitals and clinical environments globally through proprietary disposable medical devices.

Strategic Profile

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Merit operates two segments: Cardiovascular and Endoscopy, with the majority of revenue from the Cardiovascular segment comprising cardiology and radiology medical device products for diagnosing and treating coronary artery disease, peripheral vascular disease, and other conditions including embolotherapy, cardiac rhythm management, and interventional oncology. The company delivered 9% constant currency organic growth and an 18% EPS increase, prompting upward revision of its full-year 2026 outlook (July 2026).

Competitive Landscape

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Merit Medical competes in the interventional cardiology, radiology, and endoscopy medical device markets against larger diversified medtech players and specialized device manufacturers. Key competitors include Boston Scientific, Abbott, and Teleflex, which offer overlapping cardiovascular and endoscopy device portfolios. Merit differentiates through focused product innovation in single-use devices and custom procedure solutions, targeting both hospital systems and alternate-site physicians.

Industry Context

Merit Medical Systems, Inc. operates in Medical Devices.

Key facts

Founded: 1987 · Headquarters: South Jordan, Utah, US · Employees: Not disclosed in available sources · Revenue: $1.58B (trailing 12-month as of June 30, 2026) · Market cap: $5.42B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Merit Medical Systems, Inc..

  • Market cap of $5.42B with $1.58B trailing 12-month revenue (Q2 2026), translating to a 3.4x EV/revenue multiple typical of high-growth medical device peers.
  • Merit expanded biopsy market share by combining OneMark for standard biopsies and SCOUT MD for advanced localization, using dual ultrasound and radar technology to address varying physician preferences and price points across different sites.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Double-digit 2025 growth and strong 2026 outlook announced with new leadership driving global expansion
  • July 2026Q2 2026 delivered 9% organic growth and 18% EPS increase, prompting upward full-year guidance revision
  • +1 moreTrack every material event for Merit Medical Systems, Inc. as it happens. Explore monitoring →
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Named competitors

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Boston ScientificDiversified medtech with broad cardiovascular and endoscopy portfolio→AbbottLarge-cap healthcare conglomerate with interventional device business→TeleflexMedical device manufacturer focused on vascular and interventional products→

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Industry context

Merit Medical Systems, Inc. operates in Medical Devices. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Merit Medical Systems, Inc. do?+
Merit Medical designs and manufactures products for interventional cardiology, radiology, and endoscopy procedures. Founded in 1987, Merit Medical is a specialized manufacturer in the medical devices and equipment ind...
What is Merit Medical Systems, Inc.'s Cyborg Score?+
Merit Medical Systems, Inc. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Merit Medical Systems, Inc.'s main competitors?+
Named competitors include Boston Scientific, Abbott, Teleflex. The full competitive landscape is in the AskCyborg report.
How can I get the full Merit Medical Systems, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Merit Medical Systems, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Medical Devices research

Companies in the same sector and named competitors, ranked by Cyborg Score.

8Ambu A/S6Anika Therapeutics, Inc.6Pulse Biosciences, Inc.6Supermax Corporation Berhad5PolyNovo Limited4Know Labs, Inc.3SeaStar Medical Holding Corporation2Talis Biomedical Corporation5Teleflex Incorporated