Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2025)
Top medical device stocks in 2025 ranked by overall Due Diligence Score. See the best medical device stocks to buy now, according to analyst forecasts for the medical devices industry.

Industry: Medical Devices
Ticker
Company
Exchange
Industry
DD Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
EW
EDWARDS LIFESCIENCES CORP
NYSE
Medical Devices
$44.94B$76.190.25%$4.53B10.98x0.35
INSP
INSPIRE MEDICAL SYSTEMS INC
NYSE
Medical Devices
$5.51B$185.61-0.82%$65.03M103.12x0.17
INMD
INMODE LTD
NASDAQ
Medical Devices
$1.31B$18.81-1.26%$144.20M8.21x0.12
PODD
INSULET CORP
NASDAQ
Medical Devices
$19.68B$280.56-0.55%$415.50M46.60x1.71
ALGN
ALIGN TECHNOLOGY INC
NASDAQ
Medical Devices
$15.44B$206.770.92%$819.38M35.28x0.61
DXCM
DEXCOM INC
NASDAQ
Medical Devices
$34.79B$89.075.92%$961.20M51.19x2.21
VMD
VIEMED HEALTHCARE INC
NASDAQ
Medical Devices
$304.87M$7.83-2.00%$40.71M29.00x0.34
ABT
ABBOTT LABORATORIES
NYSE
Medical Devices
$226.54B$130.61-0.90%$10.58B39.58x0.86
BSX
BOSTON SCIENTIFIC CORP
NYSE
Medical Devices
$156.39B$106.11-0.03%$3.73B86.98x0.83
IRMD
IRADIMED CORP
NASDAQ
Medical Devices
$699.95M$55.23-0.32%$24.44M37.32x0.13
SRTS
SENSUS HEALTHCARE INC
NASDAQ
Medical Devices
$90.31M$5.510.18%$13.28M9.67x0.11
SMLR
SEMLER SCIENTIFIC INC
NASDAQ
Medical Devices
$360.91M$49.670.44%$18.76M21.60x0.08
TMDX
TRANSMEDICS GROUP INC
NASDAQ
Medical Devices
$2.42B$72.181.35%$66.20M72.91x2.74
CTKB
CYTEK BIOSCIENCES INC
NASDAQ
Medical Devices
$673.68M$5.230.19%-$649.00k0.01x0.27
BWAY
BRAINSWAY LTD
NASDAQ
Medical Devices
$187.82M$11.302.54%$6.68M141.25x0.64
LIVN
LIVANOVA PLC
NASDAQ
Medical Devices
$2.59B$47.680.13%$54.86M108.36x0.93
PEN
PENUMBRA INC
NYSE
Medical Devices
$10.31B$268.67-1.55%$41.04M298.52x0.34
GMED
GLOBUS MEDICAL INC
NYSE
Medical Devices
$11.43B$83.93-0.24%$385.59M135.37x0.25
SIBN
SI-BONE INC
NASDAQ
Medical Devices
$687.37M$16.39-0.06%-$29.13M-17.82x0.38
SNN
SMITH & NEPHEW PLC
NYSE
Medical Devices
$11.28B$25.70-0.04%$1.11B36.71x1.03
KIDS
ORTHOPEDIATRICS CORP
NASDAQ
Medical Devices
$596.20M$24.62-1.76%-$11.15M-20.02x0.32
ZBH
ZIMMER BIOMET HOLDINGS INC
NYSE
Medical Devices
$20.01B$100.520.61%$2.21B19.07x0.76
AVNS
AVANOS MEDICAL INC
NYSE
Medical Devices
$761.51M$16.57-0.36%$78.70M47.34x0.35
NSYS
NORTECH SYSTEMS INC
NASDAQ
Medical Devices
$28.15M$10.21-3.13%$5.62M6.11x1.16
UFPT
UFP TECHNOLOGIES INC
NASDAQ
Medical Devices
$1.98B$257.521.37%$84.28M36.37x0.94
RXST
RXSIGHT INC
NASDAQ
Medical Devices
$1.20B$29.81-6.46%-$26.47M-36.35x0.12
PROF
PROFOUND MEDICAL CORP
NASDAQ
Medical Devices
$165.23M$6.706.52%-$23.66M-6.90x0.36
ELMD
ELECTROMED INC
NYSEMKT
Medical Devices
$272.88M$31.89-3.97%$10.09M40.88x0.20
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
NASDAQ
Medical Devices
$415.87M$17.332.30%$28.96M26.66x0.38
STE
STERIS PLC
NYSE
Medical Devices
$21.55B$219.340.05%$1.24B46.27x0.56
LFWD
LIFEWARD LTD
NASDAQ
Medical Devices
$19.25M$2.1910.91%-$14.47M-0.99x0.35
NSPR
INSPIREMD INC
NASDAQ
Medical Devices
$76.95M$2.953.15%-$27.91M-4.10x0.22
CLPT
CLEARPOINT NEURO INC
NASDAQ
Medical Devices
$505.35M$18.32-0.33%-$16.48M-26.94x0.39
BRKR
BRUKER CORP
NASDAQ
Medical Devices
$7.59B$50.04-2.17%$560.90M24.06x2.36
RPID
RAPID MICRO BIOSYSTEMS INC
NASDAQ
Medical Devices
$149.76M$3.48-2.52%-$47.53M-3.11x0.25
SYK
STRYKER CORP
NYSE
Medical Devices
$146.98B$385.18-0.82%$3.92B49.01x1.08
ECOR
ELECTROCORE INC
NASDAQ
Medical Devices
$114.12M$17.411.40%-$11.82M-9.84x1.23
ITGR
INTEGER HOLDINGS CORP
NYSE
Medical Devices
$4.73B$141.001.68%$311.77M41.72x0.95
LUNG
PULMONX CORP
NASDAQ
Medical Devices
$275.23M$6.97-5.56%-$49.14M-4.74x0.78
CNMD
CONMED CORP
NYSE
Medical Devices
$1.95B$63.15-1.90%$214.47M14.75x1.48
HYPR
HYPERFINE INC
NASDAQ
Medical Devices
$87.54M$1.200.00%-$39.98M-2.11x0.19
ICAD
ICAD INC
NASDAQ
Medical Devices
$88.11M$3.32-8.03%-$1.94M-30.18x0.26
QTRX
QUANTERIX CORP
NASDAQ
Medical Devices
$310.12M$8.05-0.12%-$42.93M-8.66x0.21
MDT
MEDTRONIC PLC
NYSE
Medical Devices
$119.01B$92.810.66%$8.53B28.21x0.85
MASI
MASIMO CORP
NASDAQ
Medical Devices
$9.71B$181.310.96%$174.20M122.51x1.11
MASS
908 DEVICES INC
NASDAQ
Medical Devices
$96.81M$2.788.59%-$56.35M-1.57x0.36
DCTH
DELCATH SYSTEMS INC
NASDAQ
Medical Devices
$520.53M$16.280.00%-$33.76M-13.57x2.70
AXGN
AXOGEN INC
NASDAQ
Medical Devices
$797.87M$18.13-0.06%$1.72M-56.66x0.93
CVRX
CVRX INC
NASDAQ
Medical Devices
$366.14M$15.094.14%-$54.29M-5.59x0.96
CODX
CO-DIAGNOSTICS INC
NASDAQ
Medical Devices
$22.03M$0.690.00%-$36.03M-0.50x0.14
NPCE
NEUROPACE INC
NASDAQ
Medical Devices
$367.43M$12.311.82%-$17.52M-12.43x8.80
BFLY
BUTTERFLY NETWORK INC
NYSE
Medical Devices
$1.02B$4.772.58%-$87.43M-10.37x0.46
INBS
INTELLIGENT BIO SOLUTIONS INC
NASDAQ
Medical Devices
$13.46M$2.557.59%-$9.34M-1.08x1.03
GKOS
GLAUKOS CORP
NYSE
Medical Devices
$8.45B$153.204.66%-$97.00M-51.76x0.39
MXCT
MAXCYTE INC
NASDAQ
Medical Devices
$439.86M$4.172.46%-$30.63M-12.26x0.17
AMIX
AUTONOMIX MEDICAL INC
NASDAQ
Medical Devices
$6.99M$2.84-0.35%-$13.27M-0.22x0.23
NNOX
NANO-X IMAGING LTD
NASDAQ
Medical Devices
$393.27M$6.72-10.99%-$39.80M-7.91x0.12
NVRO
NEVRO CORP
NYSE
Medical Devices
$213.96M$5.71-0.17%-$37.46M-3.04x1.18
TNDM
TANDEM DIABETES CARE INC
NASDAQ
Medical Devices
$2.20B$33.472.64%-$99.45M-17.34x3.03
HSCS
HEARTSCIENCES INC
NASDAQ
Medical Devices
$3.83M$3.912.76%-$7.20M-0.49x0.94
PRCT
PROCEPT BIOROBOTICS CORP
NASDAQ
Medical Devices
$3.53B$67.61-2.40%-$91.02M-34.67x0.55
IRTC
IRHYTHM TECHNOLOGIES INC
NASDAQ
Medical Devices
$3.51B$112.11-0.07%-$113.90M-23.07x11.68
MGRM
MONOGRAM TECHNOLOGIES INC
NASDAQ
Medical Devices
$85.09M$2.48-7.81%-$15.31M-5.28x0.16
QIPT
QUIPT HOME MEDICAL CORP
NASDAQ
Medical Devices
$127.98M$2.97-1.00%$50.37M-17.47x1.28
NUWE
NUWELLIS INC
NASDAQ
Medical Devices
$5.64M$1.29-0.77%-$5.77M-0.02x1.12
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
NASDAQ
Medical Devices
$2.04M$0.556.63%-$8.73M-0.10x0.47
CERS
CERUS CORP
NASDAQ
Medical Devices
$343.57M$1.852.78%-$5.66M-16.82x2.53
CATX
PERSPECTIVE THERAPEUTICS INC
NYSEMKT
Medical Devices
$204.11M$3.02-2.89%-$53.78M-2.03x0.19
ANIK
ANIKA THERAPEUTICS INC
NASDAQ
Medical Devices
$261.57M$17.861.19%-$85.39M-2.69x0.29
NVNO
ENVVENO MEDICAL CORP
NASDAQ
Medical Devices
$62.43M$3.562.01%-$20.70M-2.76x0.06
INGN
INOGEN INC
NASDAQ
Medical Devices
$253.43M$10.64-0.19%-$32.41M-4.73x0.65
NAOV
NANOVIBRONIX INC
NASDAQ
Medical Devices
$1.65M$0.44-5.58%-$2.91M-0.36x1.50
LNSR
LENSAR INC
NASDAQ
Medical Devices
$121.96M$10.50-3.67%-$12.33M-7.19x1.12
ICCM
ICECURE MEDICAL LTD
NASDAQ
Medical Devices
$74.50M$1.36-0.73%-$14.25M-4.77x0.52
NARI
INARI MEDICAL INC
NASDAQ
Medical Devices
$4.68B$79.930.00%-$34.87M-59.21x0.60
SGHT
SIGHT SCIENCES INC
NASDAQ
Medical Devices
$139.07M$2.740.00%-$43.85M-2.69x0.51
AHCO
ADAPTHEALTH CORP
NASDAQ
Medical Devices
$1.18B$8.78-1.68%$327.57M-5.35x1.94
OM
OUTSET MEDICAL INC
NASDAQ
Medical Devices
$47.24M$0.909.63%-$111.69M-0.33x5.13
ARAY
ACCURAY INC
NASDAQ
Medical Devices
$229.31M$2.23-2.19%$21.41M-55.75x8.99
OFIX
ORTHOFIX MEDICAL INC
NASDAQ
Medical Devices
$711.17M$18.611.58%-$38.97M-5.95x0.65
XAIR
BEYOND AIR INC
NASDAQ
Medical Devices
$34.34M$0.394.85%-$45.57M-0.37x0.89
NVCR
NOVOCURE LTD
NASDAQ
Medical Devices
$2.43B$22.483.55%-$148.05M-16.17x2.39
PAVM
PAVMED INC
NASDAQ
Medical Devices
$8.74M$0.7919.88%$26.25M1.20x-8.20
TMCI
TREACE MEDICAL CONCEPTS INC
NASDAQ
Medical Devices
$627.95M$10.080.00%-$47.13M-10.18x1.03
NURO
NEUROMETRIX INC
NASDAQ
Medical Devices
$8.94M$4.38-0.02%-$7.47M-0.96x0.08
TELA
TELA BIO INC
NASDAQ
Medical Devices
$102.80M$2.610.38%-$35.26M-1.54x-9.45
ATEC
ALPHATEC HOLDINGS INC
NASDAQ
Medical Devices
$1.52B$10.74-1.29%-$77.37M-8.46x-548.65
NXL
NEXALIN TECHNOLOGY INC
NASDAQ
Medical Devices
$42.57M$3.313.12%-$5.52M-5.17x0.06
RCEL
AVITA MEDICAL INC
NASDAQ
Medical Devices
$278.60M$10.5720.39%-$54.46M-4.42x16.66
SRDX
SURMODICS INC
NASDAQ
Medical Devices
$487.49M$34.10-0.18%$3.07M-33.43x0.47
MDAI
SPECTRAL AI INC
NASDAQ
Medical Devices
$39.41M$2.12-2.30%-$10.36M-3.42x-3.68
RSLS
RESHAPE LIFESCIENCES INC
NASDAQ
Medical Devices
$1.66M$2.33-8.27%-$7.01M0.03x2.78
XYLO
XYLO TECHNOLOGIES LTD
NASDAQ
Medical Devices
$3.50M$4.855.87%N/A-0.21x1.54
QDEL
QUIDELORTHO CORP
NASDAQ
Medical Devices
$2.73B$40.57-2.59%-$1.38B-1.45x1.13
XTNT
XTANT MEDICAL HOLDINGS INC
NYSEMKT
Medical Devices
$83.27M$0.600.34%-$8.91M-4.61x1.16
VTAK
CATHETER PRECISION INC
NYSEMKT
Medical Devices
$3.10M$0.393.20%-$9.56M0.42x1.09
TLSI
TRISALUS LIFE SCIENCES INC
NASDAQ
Medical Devices
$172.29M$5.652.17%-$52.44M-2.85x-2.35
AEMD
AETHLON MEDICAL INC
NASDAQ
Medical Devices
$8.91M$0.62-2.38%-$9.22M-0.39x0.51
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
NASDAQ
Medical Devices
$37.04M$1.205.26%-$6.82M-4.62x1.21
VREX
VAREX IMAGING CORP
NASDAQ
Medical Devices
$546.72M$13.27-2.50%$68.00M-11.25x1.44

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Feb 2025?

According to Due Diligence Score, the 3 best medical equipment stocks to buy right now are:

1. Edwards Lifesciences (NYSE:EW)


Edwards Lifesciences (NYSE:EW) is the top medical device stock with a Due Diligence Score of 58, which is 31 points higher than the medical device industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Edwards Lifesciences has seen its stock lose -11.45% over the past year, underperforming other medical device stocks by -4 percentage points.

Edwards Lifesciences has an average 1 year price target of $78.83, an upside of 3.47% from Edwards Lifesciences's current stock price of $76.19.

Edwards Lifesciences stock has a consensus Buy recommendation according to Wall Street analysts. Of the 18 analysts covering Edwards Lifesciences, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 50% have issued a hold, while 5.56% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Inspire Medical Systems (NYSE:INSP)


Inspire Medical Systems (NYSE:INSP) is the second best medical device stock with a Due Diligence Score of 57, which is 30 points higher than the medical device industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Inspire Medical Systems has seen its stock lose -3.28% over the past year, overperforming other medical device stocks by 4 percentage points.

Inspire Medical Systems has an average 1 year price target of $226.70, an upside of 22.14% from Inspire Medical Systems's current stock price of $185.61.

Inspire Medical Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Inspire Medical Systems, 50% have issued a Strong Buy rating, 20% have issued a Buy, 30% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the third best medical device stock with a Due Diligence Score of 55, which is 28 points higher than the medical device industry average of 27. It passed 17 out of 33 due diligence checks and has strong fundamentals. Inmode has seen its stock lose -17.86% over the past year, underperforming other medical device stocks by -10 percentage points.

Inmode has an average 1 year price target of $27.00, an upside of 43.54% from Inmode's current stock price of $18.81.

Inmode stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Inmode, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical device stocks with highest dividends?

Out of 5 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.92%, which is 2 percentage points higher than the medical device industry average of 1.21%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Smith & Nephew's dividend has not shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 107.1% indicates that its dividend yield might not be sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 1.26%, which is the same as the medical device industry average of 1.21%. Abbott Laboratories's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Abbott Laboratories's dividend has shown consistent growth over the last 10 years.

Abbott Laboratories's dividend payout ratio of 66.7% indicates that its dividend yield is sustainable for the long-term.

3. Steris (NYSE:STE)


Steris (NYSE:STE) has an annual dividend yield of 0.99%, which is the same as the medical device industry average of 1.21%. Steris's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Steris's dividend has shown consistent growth over the last 10 years.

Steris's dividend payout ratio of 46% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.43% in the last day, and down -1.38% over the last week. Nanovibronix was the among the top losers in the medical devices industry, dropping -5.58% yesterday.

NanoVibronix shares are trading higher after the company announced it will acquire ENvue Medical Holdings

What are the most undervalued medical device stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued medical device stocks right now are:

1. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the most undervalued medical device stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 71, which is 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -17.86% in the past year. It has underperformed other stocks in the medical device industry by -10 percentage points.

2. Nortech Systems (NASDAQ:NSYS)


Nortech Systems (NASDAQ:NSYS) is the second most undervalued medical device stock based on WallStreetZen's Valuation Score. Nortech Systems has a valuation score of 71, which is 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Nortech Systems's stock has dropped -14.56% in the past year. It has underperformed other stocks in the medical device industry by -7 percentage points.

3. Viemed Healthcare (NASDAQ:VMD)


Viemed Healthcare (NASDAQ:VMD) is the third most undervalued medical device stock based on WallStreetZen's Valuation Score. Viemed Healthcare has a valuation score of 71, which is 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Viemed Healthcare's stock has dropped -8.21% in the past year. It has performed in line with other stocks in the medical device industry.

Are medical device stocks a good buy now?

57.61% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 23.29% over the next year.

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 42.37x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.