Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices

Overview Zen Rating Price Value Growth Financials Momentum

Sentiment Forecast Dividends Due Diligence

Medical Devices is Zen Rated C and is the 71st ranked industry out of 146 stock market industries

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
BVS	BIOVENTUS INC	$8.71	1,060,000	209.94%	8.80	8.77	9.61	9.12	8.19	43.95	53.76	51.46	75.05	71.38	-0.28	-0.30	0.01	1.19
ELMD	ELECTROMED INC	$38.68	64,600	37.45%	37.38	37.49	31.74	28.43	27.31	65.11	56.27	45.59	37.54	20.62	1.52	1.84	-0.32	0.48
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$26.62	414,000	220.93%	26.09	25.48	24.72	26.21	23.98	60.06	83.69	84.08	83.17	86.87	0.49	0.37	0.12	1.07
LIVN	LIVANOVA PLC	$78.50	1,428,000	132.95%	77.82	75.70	69.94	67.42	62.58	63.29	78.61	82.54	70.94	80.01	2.63	2.54	0.09	0.95
VMD	VIEMED HEALTHCARE INC	$10.64	325,000	-18.34%	10.27	10.00	9.72	9.25	8.08	67.22	86.11	82.07	91.67	91.48	0.25	0.19	0.07	0.62
NSYS	NORTECH SYSTEMS INC	$17.49	44,000	57.14%	16.45	15.77	14.51	12.20	10.32	62.01	54.36	56.15	20.06	11.39	0.77	0.81	-0.04	0.28
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$17.58	2,323,000	201.30%	17.42	16.61	13.86	12.09	12.78	63.56	74.89	78.51	9.66	9.74	1.07	1.17	-0.10	1.09
PODD	INSULET CORP	$145.76	2,864,000	144.58%	149.91	148.92	165.09	200.58	256.42	41.35	23.12	29.54	45.25	51.54	-4.79	-5.78	0.99	1.05
DXCM	DEXCOM INC	$72.47	8,572,000	125.88%	74.41	73.51	66.60	67.72	67.52	53.54	20.65	33.75	4.65	2.63	1.96	2.59	-0.63	1.13
BWAY	BRAINSWAY LTD	$14.89	256,000	224.05%	14.40	14.78	15.41	13.96	11.31	50.41	35.59	27.95	59.50	46.74	-0.26	-0.28	0.01	0.87
SNN	SMITH & NEPHEW PLC	$30.08	1,047,000	-35.69%	30.55	30.33	31.11	32.62	33.62	44.71	48.10	54.24	47.92	54.75	-0.13	-0.16	0.03	0.67
ALGN	ALIGN TECHNOLOGY INC	$182.08	1,950,000	136.65%	175.31	171.04	173.86	175.48	160.18	58.85	75.68	76.41	83.55	83.14	2.31	0.88	1.44	1.57
CERS	CERUS CORP	$2.70	3,293,000	30.11%	2.59	2.69	2.43	2.26	2.01	55.73	24.22	15.00	27.29	11.12	0.02	0.05	-0.03	1.76
STE	STERIS PLC	$202.61	1,599,000	91.50%	207.26	210.47	214.58	225.86	238.88	38.02	16.36	15.14	16.76	9.00	-3.17	-2.36	-0.81	0.75
ZBH	ZIMMER BIOMET HOLDINGS INC	$87.97	4,635,000	308.37%	88.08	86.11	87.05	89.70	92.51	54.51	73.65	76.16	63.53	69.80	0.73	0.40	0.33	0.62
PHG	KONINKLIJKE PHILIPS NV	$26.78	1,497,000	1.70%	26.32	26.33	26.90	28.04	27.99	53.28	67.33	68.03	88.04	92.38	-0.05	-0.17	0.12	0.93
GMED	GLOBUS MEDICAL INC	$79.23	3,630,000	151.73%	79.21	80.47	84.97	86.90	80.90	46.20	25.74	18.50	32.61	28.39	-1.64	-1.63	-0.01	0.98
ANIK	ANIKA THERAPEUTICS INC	$14.42	132,000	48.31%	14.56	14.64	14.83	13.73	11.58	46.22	31.00	32.50	11.08	19.47	-0.09	-0.05	-0.04	0.82
BRKR	BRUKER CORP	$57.23	1,980,000	11.55%	55.86	54.83	45.95	42.18	41.85	61.59	32.29	40.08	8.29	7.87	3.03	3.62	-0.59	1.15
IRMD	IRADIMED CORP	$92.20	182,000	49.18%	93.57	92.76	90.23	94.87	90.03	50.89	36.19	35.86	14.56	12.72	0.67	0.93	-0.26	0.91
CNMD	CONMED CORP	$32.58	1,228,000	54.85%	34.55	34.96	36.34	38.01	41.38	39.31	21.17	31.64	32.78	41.91	-0.80	-0.58	-0.22	1.10
ATEC	ALPHATEC HOLDINGS INC	$8.81	4,527,000	-9.95%	8.25	8.05	8.94	10.93	14.42	57.42	86.47	86.10	92.51	95.01	-0.08	-0.25	0.17	1.18
EW	EDWARDS LIFESCIENCES CORP	$87.36	5,550,000	36.30%	86.51	86.49	83.26	82.49	81.96	56.17	67.96	61.87	42.37	37.65	1.02	1.09	-0.07	0.85
AHCO	ADAPTHEALTH CORP	$9.65	2,316,000	4.18%	9.88	10.00	11.24	10.80	10.20	36.93	32.58	44.10	72.47	80.99	-0.35	-0.39	0.05	1.03
AXGN	AXOGEN INC	$44.84	1,296,000	-27.03%	43.04	41.75	40.43	36.57	30.40	63.37	84.10	83.32	96.61	94.88	1.07	0.81	0.26	1.19
GKOS	GLAUKOS CORP	$130.68	984,000	-5.48%	126.26	120.29	125.91	118.82	107.80	56.73	88.71	90.20	93.02	94.21	0.86	-0.55	1.41	1.20
MASS	908 DEVICES INC	$8.85	1,064,000	426.73%	8.32	8.30	7.62	7.03	6.89	62.61	77.42	71.74	55.34	45.13	0.31	0.30	0.01	1.72
IRTC	IRHYTHM HOLDINGS INC	$104.65	626,000	-39.05%	109.85	110.74	116.32	124.67	150.50	39.80	22.66	40.87	27.71	53.56	-2.52	-2.22	-0.30	1.25
LMRI	LUMEXA IMAGING HOLDINGS INC	$9.41	907,000	14.23%	9.01	8.43	8.91	10.74	N/A	56.97	64.42	67.61	69.35	75.03	0.14	-0.04	0.18	1.85
APYX	APYX MEDICAL CORP	$4.11	195,000	128.07%	4.51	4.28	3.94	3.84	3.54	48.15	30.58	42.77	4.35	24.61	0.13	0.18	-0.04	1.28
SYK	STRYKER CORP	$307.80	3,428,000	97.12%	307.53	306.30	313.00	334.54	350.68	49.89	63.52	68.42	69.24	73.94	-1.12	-1.93	0.81	0.82
VREX	VAREX IMAGING CORP	$10.53	733,000	209.28%	10.53	10.36	10.87	11.61	11.80	50.35	34.57	38.48	42.86	49.04	-0.03	-0.08	0.05	1.11
BSX	BOSTON SCIENTIFIC CORP	$45.29	30,855,000	48.46%	47.26	49.26	54.92	64.33	81.20	27.22	12.90	12.49	19.01	18.60	-2.73	-2.72	-0.01	0.68
MDT	MEDTRONIC PLC	$79.34	22,657,000	173.07%	80.43	78.58	80.14	87.05	91.91	49.89	66.04	70.87	68.17	74.00	0.19	-0.05	0.24	0.55
AORT	ARTIVION INC	$21.19	1,001,000	47.86%	20.75	21.32	28.14	32.85	38.34	37.12	46.14	38.74	94.99	94.38	-1.78	-2.32	0.54	1.02
DCTH	DELCATH SYSTEMS INC	$11.69	583,000	-11.26%	11.49	11.16	11.01	10.23	10.24	56.89	75.98	76.38	81.21	84.27	0.24	0.17	0.08	0.90
BFLY	BUTTERFLY NETWORK INC	$8.90	60,480,000	833.77%	5.70	5.15	4.87	4.31	3.54	84.59	85.12	80.37	95.79	92.27	0.58	0.28	0.30	2.34
NPCE	NEUROPACE INC	$15.63	168,000	4.35%	15.57	16.08	16.25	15.35	14.28	46.64	16.79	10.60	26.54	11.03	-0.26	-0.16	-0.10	0.96
SIBN	SI-BONE INC	$15.84	469,000	-25.67%	15.31	14.85	14.08	14.30	15.70	63.02	82.32	79.03	73.71	68.20	0.42	0.38	0.05	1.13
OFIX	ORTHOFIX MEDICAL INC	$9.45	504,000	56.04%	9.54	9.67	11.19	11.90	13.47	39.86	16.45	12.92	66.69	60.02	-0.54	-0.57	0.03	0.97
PEN	PENUMBRA INC	$317.20	680,000	76.62%	318.81	320.41	324.44	332.07	307.47	36.57	13.80	12.21	30.86	33.30	-2.09	-2.00	-0.09	0.99
UFPT	UFP TECHNOLOGIES INC	$239.28	228,000	5.07%	232.05	227.82	214.99	217.74	217.80	63.63	68.56	67.22	49.95	53.26	5.31	5.09	0.22	0.94
MXCT	MAXCYTE INC	$1.21	1,774,000	449.23%	1.15	1.15	0.99	0.89	1.21	61.43	37.21	38.64	22.39	18.57	0.05	0.06	-0.01	1.45
HYPR	HYPERFINE INC	$1.60	4,031,000	873.67%	1.41	1.48	1.47	1.30	1.26	60.34	34.81	16.02	45.87	23.79	-0.02	-0.02	0.00	1.35
HSDT	SOLANA CO	$1.62	646,000	97.55%	1.52	1.73	1.96	2.04	4.72	44.06	49.87	46.06	82.27	79.15	-0.13	-0.15	0.02	1.38
ABT	ABBOTT LABORATORIES	$88.41	41,965,000	225.87%	89.60	88.40	90.13	99.64	113.64	47.55	51.61	53.27	55.88	61.61	-0.15	-0.39	0.24	0.53
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$84.81	495,000	-27.84%	80.97	76.41	70.89	69.30	63.31	66.32	86.63	85.87	69.52	71.16	3.98	3.23	0.75	1.68
ITGR	INTEGER HOLDINGS CORP	$90.96	581,000	179.33%	91.50	90.85	88.60	87.17	86.12	52.45	39.94	42.09	13.11	7.05	0.70	0.98	-0.28	0.90
TNDM	TANDEM DIABETES CARE INC	$15.30	2,538,000	24.35%	16.82	16.87	17.63	19.60	18.53	41.44	13.97	25.97	8.57	21.40	-0.34	-0.18	-0.16	1.39
INMD	INMODE LTD	$13.40	569,000	-8.08%	13.48	13.61	13.93	14.03	14.38	40.53	14.76	17.35	17.30	21.20	-0.14	-0.13	-0.01	1.59
SNWV	SANUWAVE HEALTH INC	$9.21	291,000	-47.66%	12.93	14.53	16.28	19.49	25.88	22.59	7.43	11.23	12.58	18.93	-1.71	-1.07	-0.63	0.85
CV	CAPSOVISION INC	$6.61	186,000	-20.85%	7.00	6.92	6.70	6.20	6.28	45.91	14.67	28.48	3.14	13.53	0.01	0.08	-0.07	1.05
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$1.11	50,000	-65.75%	1.23	1.36	1.59	1.71	1.67	28.06	2.34	4.23	3.72	10.58	-0.14	-0.12	-0.01	0.04
SGHT	SIGHT SCIENCES INC	$5.28	282,000	93.15%	4.90	4.84	4.58	4.66	5.28	61.72	80.99	78.70	88.31	86.64	0.12	0.08	0.04	1.78
PROF	PROFOUND MEDICAL CORP	$6.87	88,500	-2.75%	6.69	6.73	6.77	6.64	6.46	53.58	59.31	54.98	72.71	69.02	-0.02	-0.03	0.00	1.07
TLSI	TRISALUS LIFE SCIENCES INC	$4.08	999,000	326.92%	3.70	3.51	3.90	4.22	4.84	58.51	70.70	76.21	79.99	88.35	0.07	-0.05	0.12	0.26
MOVE	CORVEX INC	$22.53	113,000	350.20%	19.02	20.32	17.87	15.73	11.89	61.91	78.79	66.44	98.01	80.66	0.62	0.52	0.10	1.12
QTRX	QUANTERIX CORP	$3.39	3,071,000	118.42%	3.11	3.11	3.11	4.17	5.14	56.90	27.33	28.28	18.95	19.71	0.01	-0.00	0.01	1.89
ECOR	ELECTROCORE INC	$8.43	136,000	216.28%	9.31	9.13	7.48	6.98	6.09	48.69	14.03	25.10	0.18	4.37	0.48	0.69	-0.21	0.84
INGN	INOGEN INC	$6.41	353,000	50.21%	6.38	6.36	6.62	6.36	6.94	49.19	67.31	67.16	78.93	80.58	-0.05	-0.08	0.03	1.16
INSP	INSPIRE MEDICAL SYSTEMS INC	$42.61	1,387,000	201.52%	41.90	42.01	47.30	54.26	73.18	46.69	49.76	47.03	71.50	65.55	-1.30	-1.74	0.44	1.25
SI	SHOULDER INNOVATIONS INC	$18.55	90,500	-9.50%	17.24	15.92	14.73	14.28	14.07	67.71	77.69	78.19	75.39	80.19	1.14	0.81	0.33	0.69
CTKB	CYTEK BIOSCIENCES INC	$3.77	18,261,000	798.23%	4.01	4.06	4.24	4.36	4.48	40.20	25.15	31.00	23.44	21.24	-0.07	-0.06	-0.01	1.41
CBLL	CERIBELL INC	$18.03	709,000	79.49%	18.17	18.24	19.01	19.11	17.49	47.65	34.24	45.82	46.17	60.28	-0.21	-0.22	0.01	1.52
NVCR	NOVOCURE LTD	$14.28	4,850,000	288.62%	17.06	17.13	15.63	13.75	13.35	36.84	56.08	70.49	45.93	57.62	0.17	0.44	-0.27	1.45
ALMR	ALAMAR BIOSCIENCES INC	$21.96	997,000	305.28%	20.85	20.64	N/A	N/A	N/A	52.97	45.12	43.64	60.90	59.51	N/A	N/A	N/A	0.60
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.40	4,318,000	-9.82%	1.36	1.40	1.45	1.53	1.68	50.38	14.10	13.71	21.41	12.89	-0.02	-0.01	-0.00	2.42
KIDS	ORTHOPEDIATRICS CORP	$18.87	140,000	-3.45%	18.29	17.93	17.26	17.13	17.60	61.23	87.40	80.00	86.91	79.36	0.32	0.27	0.04	1.22
BIO	BIO-RAD LABORATORIES INC	$282.44	403,000	153.46%	289.85	296.49	283.39	280.89	293.72	45.41	8.85	10.32	3.58	5.56	1.53	4.16	-2.63	0.95
LUCD	LUCID DIAGNOSTICS INC	$1.08	6,013,000	360.41%	0.99	1.02	1.08	1.18	1.15	56.46	61.94	44.79	86.33	78.85	-0.01	-0.02	0.01	0.83
TMCI	TREACE MEDICAL CONCEPTS INC	$4.19	1,452,000	71.02%	3.92	3.56	2.67	2.19	3.40	68.91	72.07	71.78	10.67	8.82	0.44	0.43	0.01	1.34
MOBI	MOBIA MEDICAL INC	$14.25	804,000	205.70%	12.84	13.03	N/A	N/A	N/A	64.66	74.63	50.36	N/A	N/A	N/A	N/A	N/A	-0.75
CVRX	CVRX INC	$4.95	293,000	22.59%	5.04	5.39	6.39	6.99	7.72	36.32	9.60	10.82	25.23	25.27	-0.44	-0.46	0.02	1.53
LUNG	PULMONX CORP	$1.28	620,000	113.79%	1.38	1.49	1.40	1.45	1.66	39.42	8.08	8.02	3.53	1.18	-0.04	0.00	-0.04	1.41
SSII	SS INNOVATIONS INTERNATIONAL INC	$3.47	49,500	-2.17%	3.50	3.71	4.06	4.30	5.41	40.88	15.11	16.79	18.52	16.72	-0.19	-0.17	-0.02	0.25
OM	OUTSET MEDICAL INC	$5.05	526,000	491.01%	4.48	4.57	4.38	4.11	6.61	58.77	35.13	21.59	26.71	13.87	0.06	0.07	-0.01	1.50
RCEL	AVITA MEDICAL INC	$4.01	224,000	-17.34%	4.03	4.18	4.40	4.37	4.26	43.72	18.16	13.67	18.79	10.15	-0.11	-0.09	-0.02	1.45
QDEL	QUIDELORTHO CORP	$13.67	2,150,000	44.78%	13.99	13.50	12.79	17.07	22.60	52.01	37.34	49.25	12.73	25.08	0.34	0.34	-0.00	1.08
CATX	PERSPECTIVE THERAPEUTICS INC	$2.95	7,664,000	274.40%	2.96	3.39	3.80	4.28	3.60	30.51	8.01	7.15	20.00	13.75	-0.28	-0.26	-0.02	1.21
CODX	CO-DIAGNOSTICS INC	$3.37	624,000	32.20%	4.34	5.58	3.22	2.77	6.34	44.66	4.88	3.88	0.93	0.51	0.04	0.46	-0.43	1.47
RPID	RAPID MICRO BIOSYSTEMS INC	$1.71	119,000	-56.88%	1.81	1.91	2.15	2.84	3.12	31.10	4.58	2.91	19.10	8.18	-0.15	-0.13	-0.01	1.26
NNOX	NANO-X IMAGING LTD	$1.67	1,489,000	98.27%	1.74	1.84	1.92	2.19	2.88	41.78	21.33	28.22	27.41	34.47	-0.06	-0.05	-0.01	1.83
MDAI	SPECTRAL AI INC	$1.82	513,000	165.80%	1.84	2.04	2.05	1.78	1.82	39.92	6.76	3.68	4.94	4.36	-0.09	-0.06	-0.03	0.46
CLPT	CLEARPOINT NEURO INC	$17.77	2,081,000	-69.61%	14.23	13.32	12.02	11.81	14.36	76.14	70.40	63.12	67.84	47.86	1.06	0.69	0.37	1.89
TMDX	TRANSMEDICS GROUP INC	$78.79	1,788,000	109.86%	73.94	71.50	84.37	105.09	115.05	56.16	81.51	81.58	91.39	92.12	-1.28	-3.16	1.88	1.61
MYO	MYOMO INC	$1.28	1,023,000	12.91%	1.35	1.22	0.98	0.87	0.91	54.20	70.54	68.71	27.41	29.25	0.12	0.12	0.00	1.28
BBNX	BETA BIONICS INC	$13.88	1,244,000	1.30%	14.05	13.12	11.61	11.87	18.46	59.65	60.29	69.30	8.10	20.11	0.82	0.84	-0.02	1.77
FEED	ENVUE MEDICAL INC	$0.67	498,000	61.17%	0.79	0.85	1.13	1.69	3.14	28.38	13.80	20.93	36.75	51.90	-0.12	-0.12	0.00	0.67
LNSR	LENSAR INC	$5.74	105,000	94.44%	5.81	5.83	5.69	7.86	9.76	47.58	64.99	64.63	73.62	75.47	0.02	-0.02	0.04	0.46
PRCT	PROCEPT BIOROBOTICS CORP	$21.72	1,782,000	-36.27%	25.54	26.44	25.59	26.15	30.01	35.26	5.55	6.25	4.46	1.49	-0.92	-0.09	-0.83	1.25
STEX	STREAMEX CORP	$0.92	2,528,000	174.48%	0.97	1.14	1.06	1.61	3.05	40.73	6.21	9.15	7.53	11.56	-0.06	-0.03	-0.03	1.24
RXST	RXSIGHT INC	$4.73	979,000	13.70%	4.78	5.14	6.09	6.88	8.36	36.41	17.47	16.59	76.30	69.15	-0.41	-0.42	0.02	1.29
SENS	SENSEONICS HOLDINGS INC	$6.74	1,154,000	106.07%	7.09	6.86	6.46	6.75	7.06	50.33	35.17	51.73	18.45	35.24	0.21	0.24	-0.03	1.86
ITOC	ITONIC HOLDINGS LTD	$0.31	177,000	-97.54%	0.37	0.33	0.33	0.35	0.49	46.85	6.61	7.05	26.83	28.07	0.01	0.01	-0.00	0.66
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$3.29	47,000	165.54%	3.33	3.50	4.13	4.38	4.60	35.52	23.35	20.65	42.12	34.78	-0.26	-0.27	0.01	0.72
ADGM	ADAGIO MEDICAL HOLDINGS INC	$0.68	54,000	50.00%	0.73	0.75	1.00	1.03	1.14	32.46	2.85	17.72	29.76	55.40	-0.07	-0.07	0.01	0.13
LFWD	LIFEWARD LTD	$6.91	2,600	13.04%	6.94	7.16	7.00	6.78	7.26	47.16	41.14	40.31	15.99	14.56	-0.02	0.03	-0.04	0.95
QTI	QT IMAGING HOLDINGS INC	$3.70	62,000	37.78%	3.84	4.30	5.69	5.85	6.17	29.92	8.29	12.72	71.38	72.09	-0.57	-0.59	0.02	0.33
NSPR	INSPIREMD INC	$0.71	105,000	147.64%	0.76	0.86	1.07	1.38	1.73	28.80	8.57	10.57	23.28	22.26	-0.11	-0.11	-0.00	0.53
NUWE	NUWELLIS INC	$0.13	1,892,000	-31.55%	0.14	0.45	0.84	1.33	2.11	14.24	1.22	1.10	5.70	4.66	-0.23	-0.22	-0.01	1.05

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jun 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #1 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: A, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 44, which is 15 points higher than the medical device industry average of 29.

BVS passed 14 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 35.46% over the past year, overperforming other medical device stocks by 135 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 72.22% from Bioventus's current stock price of $8.71.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Bioventus, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) is the #2 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Electromed (NYSEMKT:ELMD) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 44, which is 15 points higher than the medical device industry average of 29.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 86.5% over the past year, overperforming other medical device stocks by 186 percentage points.

Electromed has an average 1 year price target of $38.00, a downside of -1.76% from Electromed's current stock price of $38.68.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Electromed, 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.

3. Tactile Systems Technology (NASDAQ:TCMD)

Tactile Systems Technology (NASDAQ:TCMD) is the #3 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 61, which is 32 points higher than the medical device industry average of 29.

TCMD passed 20 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 167.27% over the past year, overperforming other medical device stocks by 267 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 47.76% from Tactile Systems Technology's current stock price of $26.62.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Tactile Systems Technology, 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 9 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 3.78%, which is 2 percentage points higher than the medical device industry average of 1.54%. Koninklijke Philips Nv's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Koninklijke Philips Nv's dividend has shown consistent growth over the last 10 years.

Koninklijke Philips Nv's dividend payout ratio of -109.6% 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 2.76%, which is 1 percentage points higher than the medical device industry average of 1.54%. 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 68% indicates that its dividend yield is sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.56%, which is 1 percentage points higher than the medical device industry average of 1.54%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Smith & Nephew's dividend has shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 52.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 2.05% in the last day, and down -0.62% over the last week. Butterfly Network was the among the top gainers in the medical devices industry, gaining 55.87% yesterday.

Butterfly Network shares are trading higher after the company commented on Midjourney's announcement of Midjourney Medical and the Midjourney Scanner, a full-body tomographic imaging system.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), 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 its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 57, which is 44 points higher than the medical device industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Inmode's stock has gained 0.45% in the past year. It has overperformed other stocks in the medical device industry by 100 percentage points.

2. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 57, which is 44 points higher than the medical device industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has dropped -37.44% in the past year. It has overperformed other stocks in the medical device industry by 62 percentage points.

3. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Bioventus has a valuation score of 43, which is 30 points higher than the medical device industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Bioventus's stock has gained 35.46% in the past year. It has overperformed other stocks in the medical device industry by 135 percentage points.

Are medical device stocks a good buy now?

62% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 32.75% over the next year.

8.6% of medical device stocks have a Zen Rating of A (Strong Buy), 17.2% of medical device stocks are rated B (Buy), 51.61% are rated C (Hold), 20.43% are rated D (Sell), and 2.15% are rated F (Strong Sell).

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

The average P/E ratio of the medical devices industry is 20.08x.

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.

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Bioventus (NASDAQ:BVS)

2. Electromed (NYSEMKT:ELMD)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest Medical Device Stocks to Buy Now (2026)Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Bioventus (NASDAQ:BVS)

2. Electromed (NYSEMKT:ELMD)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.