Sectors & IndustriesHealthcareMedical 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
C
Medical Devices is Zen Rated C and is the 84th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
BVS
BIOVENTUS INC
$8.92-0.78%0.22%5.06%15.84%23.89%-6.69%591.47%-39.65%N/A$10.13$5.8111.91%53.53%1.18385,0000.26%
VMD
VIEMED HEALTHCARE INC
$9.32-3.82%2.64%10.69%23.61%37.26%24.43%-6.71%2.25%N/A$10.06$5.937.36%57.17%0.65401,000-13.58%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$27.03-1.39%-2.98%-18.21%-7.87%91.84%97.88%74.39%-46.37%N/A$37.77$8.6128.44%213.94%1.09259,00026.96%
ELMD
ELECTROMED INC
$23.17-3.18%-2.81%-6.61%-22.59%-7.28%-6.00%129.41%105.41%463.75%$30.73$17.7324.60%30.68%0.4733,000-5.17%
ALGN
ALIGN TECHNOLOGY INC
$172.41-2.11%-1.37%-9.65%6.80%30.05%4.79%-45.50%-66.48%150.23%$208.31$122.0017.23%41.32%1.571,729,00028.93%
LIVN
LIVANOVA PLC
$62.820.62%0.90%-6.82%1.19%12.36%55.46%44.05%-17.03%15.93%$71.92$32.4812.65%93.41%0.94872,0008.46%
VREX
VAREX IMAGING CORP
$11.09-2.20%-1.77%-19.58%-10.06%-10.13%-13.56%-38.63%-49.48%N/A$14.57$6.7623.86%64.05%1.10309,00033.77%
STE
STERIS PLC
$216.22-1.78%-2.41%-13.29%-14.04%-13.68%-5.30%19.29%15.63%220.33%$269.44$204.9019.75%5.52%0.77608,000-0.82%
GMED
GLOBUS MEDICAL INC
$86.58-1.79%-0.68%-3.96%-0.35%52.56%20.94%65.26%43.94%262.26%$101.40$51.7914.61%67.18%0.99998,000-2.44%
ANIK
ANIKA THERAPEUTICS INC
$14.11-2.76%-1.74%34.13%47.75%57.83%-11.03%-46.99%-61.05%-67.75%$15.85$7.8711.00%79.29%0.8096,000-1.03%
CNMD
CONMED CORP
$36.71-1.69%-4.40%-16.98%-9.11%-28.61%-39.43%-60.66%-70.13%-9.16%$61.25$35.3740.07%3.79%1.09332,000-37.36%
IRMD
IRADIMED CORP
$99.67-3.04%-1.13%-1.74%3.46%37.71%91.49%165.86%320.73%434.42%$107.90$47.487.63%109.93%0.9080,60015.14%
BWAY
BRAINSWAY LTD
$13.44-2.11%-2.40%3.23%66.03%68.42%164.05%1,300.00%212.56%N/A$14.65$3.928.26%242.86%0.84138,000-12.66%
SNN
SMITH & NEPHEW PLC
$32.93-1.32%-1.29%-9.18%0.70%-11.07%14.46%15.54%-14.33%0.34%$38.79$23.9115.11%37.72%0.69672,000114.70%
PODD
INSULET CORP
$230.28-0.09%-3.58%-10.77%-21.37%-30.95%-11.59%-27.65%-8.62%628.50%$354.88$216.4935.11%6.37%1.10743,000-27.86%
DXCM
DEXCOM INC
$67.660.51%2.04%-7.06%2.66%-10.72%-4.30%-42.27%-20.20%345.66%$89.98$54.1124.81%25.04%1.153,987,000-14.28%
SNWV
SANUWAVE HEALTH INC
$21.07-4.23%-5.22%-12.72%-35.82%-39.95%-33.64%N/AN/AN/A$46.59$20.8454.77%1.10%0.7347,00027.03%
SYK
STRYKER CORP
$345.81-0.95%0.01%-8.35%-2.07%-8.48%-8.01%24.92%49.79%229.50%$404.87$328.2314.59%5.36%0.852,434,000-3.37%
OFIX
ORTHOFIX MEDICAL INC
$11.86-1.41%-3.34%-13.81%-23.78%-23.39%-28.55%-29.40%-74.07%-70.59%$17.00$10.2430.24%15.82%0.99296,000-25.25%
ATEC
ALPHATEC HOLDINGS INC
$12.56-3.75%-0.79%-7.24%-36.79%-17.48%34.48%-17.96%-29.18%355.07%$23.29$8.8146.07%42.57%1.242,613,0009.33%
IRTC
IRHYTHM HOLDINGS INC
$117.33-0.17%-1.93%-23.74%-30.36%-33.49%15.41%1.98%-10.50%N/A$212.00$92.5244.66%26.82%1.26579,000-35.16%
BSX
BOSTON SCIENTIFIC CORP
$71.280.11%2.37%-6.55%-25.83%-27.44%-28.16%45.98%86.65%293.38%$109.50$67.5634.90%5.51%0.708,988,000-29.62%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$65.500.75%-1.12%-14.08%-5.88%61.53%68.86%-6.43%12.89%N/A$83.31$26.5621.38%146.66%1.65558,00042.71%
AXGN
AXOGEN INC
$30.94-5.53%-4.18%-12.23%-2.40%79.26%75.50%264.86%47.26%483.77%$36.00$9.2214.06%235.57%1.20959,000-0.83%
EW
EDWARDS LIFESCIENCES CORP
$82.61-1.97%-2.91%4.60%-2.58%10.81%17.44%1.89%4.99%188.82%$87.89$65.946.01%25.28%0.873,511,000N/A
MDT
MEDTRONIC PLC
$87.21-1.39%-1.98%-11.45%-11.44%-8.77%-5.42%9.55%-26.61%14.36%$106.33$79.5517.98%9.63%0.567,081,00012.70%
MASS
908 DEVICES INC
$5.99-3.70%-4.31%-12.94%10.31%-12.17%39.63%-9.38%-87.87%N/A$9.34$3.5535.87%68.73%1.67282,00022.61%
APYX
APYX MEDICAL CORP
$3.67-1.87%-6.62%-6.38%-1.08%63.84%242.99%46.22%-65.01%115.88%$4.50$0.7618.44%386.09%1.2985,000-34.11%
PHG
KONINKLIJKE PHILIPS NV
$27.37-3.29%-5.00%-13.06%3.32%-3.18%4.11%70.53%-51.13%-1.65%$33.44$21.4818.15%27.43%0.94957,00039.10%
SGHT
SIGHT SCIENCES INC
$3.69-5.14%-0.27%-29.85%-55.33%0.00%28.13%-59.09%N/AN/A$9.24$2.0360.05%81.77%1.81231,000-18.37%
AVNS
AVANOS MEDICAL INC
$13.46-1.10%0.45%-11.45%12.92%9.61%-8.00%-52.84%-71.05%-53.67%$15.68$9.3014.16%44.68%0.89399,000-30.97%
NPCE
NEUROPACE INC
$13.56-1.88%-7.19%-6.16%-13.85%31.40%18.95%294.19%N/AN/A$18.98$7.5628.54%79.32%0.94213,00047.92%
INMD
INMODE LTD
$13.45-1.47%2.36%-6.98%-7.62%-11.34%-26.02%-54.74%-61.41%N/A$19.09$12.7229.54%5.74%1.651,283,000-15.70%
SIBN
SI-BONE INC
$12.850.08%-8.54%-18.36%-36.54%-15.35%-13.12%-33.80%-61.47%N/A$21.89$12.5041.30%2.84%1.16603,000-4.89%
QDEL
QUIDELORTHO CORP
$17.03-10.93%-5.49%-29.51%-39.87%-42.74%-51.19%-80.16%-87.36%0.18%$38.99$17.0356.32%0.03%0.992,742,00085.52%
AORT
ARTIVION INC
$36.67-2.16%0.88%-2.27%-22.23%-11.34%51.78%204.82%57.72%244.64%$48.25$21.9724.00%66.91%1.02220,0008.91%
AHCO
ADAPTHEALTH CORP
$10.470.19%7.38%1.16%2.35%13.56%5.97%-22.44%-70.73%N/A$11.17$7.116.27%47.36%1.051,257,00024.46%
BRKR
BRUKER CORP
$34.030.86%-7.55%-14.41%-23.80%2.28%-27.81%-53.22%-43.35%25.02%$56.22$28.5339.47%19.28%1.112,002,0007.69%
ZBH
ZIMMER BIOMET HOLDINGS INC
$89.08-3.72%-4.96%-9.33%-1.46%-11.11%-21.08%-29.49%-43.94%-14.76%$114.44$84.5922.16%5.31%0.642,157,0003.80%
CERS
CERUS CORP
$1.800.00%0.56%-27.13%-16.28%38.46%25.87%-37.93%-69.65%-69.75%$2.96$1.1239.09%60.71%1.763,740,000146.05%
TNDM
TANDEM DIABETES CARE INC
$23.85-0.25%7.63%25.92%9.40%80.14%18.89%-42.68%-71.52%-76.17%$29.65$9.9819.56%138.98%1.371,653,000-54.21%
INSP
INSPIRE MEDICAL SYSTEMS INC
$56.402.27%-5.95%-8.89%-40.80%-32.37%-65.26%-77.27%-71.99%N/A$172.95$53.1167.39%6.19%1.291,337,000-7.22%
BFLY
BUTTERFLY NETWORK INC
$3.95-7.49%3.40%29.08%14.49%108.99%51.92%108.99%-77.96%N/A$5.03$1.3221.47%199.24%2.274,205,000-33.93%
CBLL
CERIBELL INC
$18.89-3.13%2.00%-5.27%-11.52%50.40%-8.66%N/AN/AN/A$24.33$10.0122.36%88.71%1.53249,000-48.02%
NVCR
NOVOCURE LTD
$12.06-2.35%-4.44%5.79%-3.98%-7.23%-37.71%-79.37%-91.25%-3.13%$20.06$9.8239.88%22.81%1.431,174,000-43.99%
ABT
ABBOTT LABORATORIES
$108.49-2.01%-1.60%-4.24%-13.29%-19.38%-14.10%10.85%-8.14%165.97%$139.06$105.2721.98%3.06%0.558,241,000-12.81%
AIDX
20/20 BIOLABS INC
$1.98-8.33%-26.94%-91.70%N/AN/AN/AN/AN/AN/A$50.00$1.8796.04%6.17%0.16136,000-24.86%
ITGR
INTEGER HOLDINGS CORP
$84.70-2.88%-0.90%-2.06%7.87%-18.60%-28.85%15.02%-4.27%151.26%$127.56$62.1033.60%36.39%0.911,734,000106.92%
BIO
BIO-RAD LABORATORIES INC
$267.99-0.55%-0.70%-0.99%-10.63%-6.46%3.06%-42.68%-52.99%102.99%$343.12$211.4321.90%26.75%0.96287,00011.24%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$8.90-2.20%-7.39%-25.77%-31.80%-42.13%-60.65%-83.53%-86.61%-72.75%$23.16$8.7661.57%1.60%1.04787,00020.71%
TMDX
TRANSMEDICS GROUP INC
$113.21-9.23%-12.22%-16.45%-6.49%-6.52%64.10%50.87%170.77%N/A$156.00$62.2327.43%81.92%1.622,298,000326.35%
HYPR
HYPERFINE INC
$1.27-2.31%7.63%11.40%23.30%-8.63%39.25%-9.29%-87.24%N/A$2.22$0.5342.79%138.27%1.291,320,00053.49%
CTKB
CYTEK BIOSCIENCES INC
$4.342.12%4.33%3.33%-9.58%6.11%2.36%-52.57%N/AN/A$6.18$2.3729.77%83.12%1.44665,00016.87%
LNSR
LENSAR INC
$6.58-4.50%-44.19%-41.87%-45.21%-46.94%-57.71%180.00%-23.49%N/A$16.94$6.5661.16%0.38%0.48457,000-68.85%
GKOS
GLAUKOS CORP
$103.220.28%0.35%-14.69%-8.82%20.25%2.67%112.65%20.11%519.20%$130.23$73.1620.74%41.09%1.18562,000-31.13%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$1.33-3.62%-1.48%-18.40%-29.26%3.91%9.02%-84.09%-95.83%-84.07%$2.73$0.8551.28%56.29%2.424,557,00049.36%
POAS
PHAOS TECHNOLOGY (CAYMAN) HOLDINGS LTD
$1.52-2.56%-10.06%52.92%-60.21%N/AN/AN/AN/AN/A$7.38$0.5379.40%186.79%-0.0568,000-39.29%
LMRI
LUMEXA IMAGING HOLDINGS INC
$12.53-3.91%-8.61%-21.64%-26.90%N/AN/AN/AN/AN/A$19.45$9.9735.58%25.74%1.961,129,00018.22%
ECOR
ELECTROCORE INC
$6.901.32%7.81%14.81%56.11%38.14%-17.66%112.31%-79.37%N/A$8.64$4.1620.14%65.87%0.7849,000-35.53%
HSDT
SOLANA CO
$2.07-4.61%-5.48%3.50%-28.37%-91.07%-99.30%-99.98%-100.00%-100.00%$366.68$1.7499.44%18.97%1.34211,000142.53%
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$1.94-7.18%-24.81%40.58%37.59%-24.51%-66.32%-81.29%N/AN/A$7.26$0.7673.29%156.27%-0.01978,000-11.89%
LUNG
PULMONX CORP
$1.48-8.64%-17.55%4.23%-41.27%-7.50%-81.43%-87.67%-97.33%N/A$7.97$1.3181.42%12.98%1.37786,000190.04%
INGN
INOGEN INC
$6.13-1.13%-1.61%5.15%-10.25%-30.26%-16.37%-51.77%-87.91%-85.14%$9.13$5.3432.86%14.79%1.20181,000-23.95%
WOK
WORK MEDICAL TECHNOLOGY GROUP LTD
$1.161.75%0.00%-20.55%-79.43%-99.99%-99.98%N/AN/AN/A$10.80k$1.0599.99%10.48%0.8714,300-47.04%
ELUT
ELUTIA INC
$1.08-0.92%-0.92%-10.00%98.90%0.00%-66.97%-25.52%-92.35%N/A$3.39$0.5068.14%116.00%0.28134,00032.67%
PMI
PICARD MEDICAL INC
$1.161.75%0.87%-18.88%-52.85%-83.82%N/AN/AN/AN/A$13.68$0.9691.52%20.83%0.5537,700-75.52%
KIDS
ORTHOPEDIATRICS CORP
$16.66-3.20%-6.40%-2.52%-5.18%-17.16%-34.46%-60.33%-66.92%N/A$26.40$15.2836.89%9.03%1.23145,000-38.82%
BBNX
BETA BIONICS INC
$10.63-0.09%-2.21%-21.90%-63.42%-53.88%-32.83%N/AN/AN/A$32.71$8.8967.50%19.57%1.731,684,00084.04%
TLSI
TRISALUS LIFE SCIENCES INC
$3.85-4.23%-7.45%-17.03%-47.12%-21.75%-24.51%-62.14%-61.03%N/A$7.95$3.4251.57%12.57%0.23253,000105.69%
IVF
INVO FERTILITY INC
$0.74-4.53%-14.40%-26.30%-21.01%-89.42%-98.75%-99.98%-100.00%N/A$76.80$0.7199.04%3.80%0.55276,00075.80%
SI
SHOULDER INNOVATIONS INC
$15.220.66%8.64%16.63%1.40%3.96%N/AN/AN/AN/A$17.94$10.9215.16%39.38%0.70115,000-20.14%
DCTH
DELCATH SYSTEMS INC
$9.38-3.70%-3.10%-1.05%-5.54%-20.17%-30.21%117.13%-50.63%N/A$18.23$8.1248.55%15.52%0.91340,00039.34%
SGP
SPYGLASS PHARMA INC
$26.80-1.47%-1.11%-5.96%N/AN/AN/AN/AN/AN/A$32.44$20.1617.39%32.94%0.45173,00013.07%
MOVE
MOVANO INC
$15.091.75%7.71%33.42%99.60%144.49%-38.41%-92.49%-98.48%N/A$34.87$4.6756.72%223.13%1.1518,700-21.10%
CV
CAPSOVISION INC
$5.46-1.09%3.02%15.43%-48.25%17.67%N/AN/AN/AN/A$15.37$3.4564.48%58.26%1.07442,00088.09%
QTRX
QUANTERIX CORP
$4.52-4.24%-9.78%-22.07%-33.53%-19.00%-36.78%-59.71%-92.19%N/A$8.77$4.0548.46%11.60%1.89556,00014.40%
RPID
RAPID MICRO BIOSYSTEMS INC
$2.68-8.22%-38.81%-35.73%-19.76%-16.77%21.82%111.02%N/AN/A$4.94$1.8645.75%44.09%1.26288,00030.32%
PROF
PROFOUND MEDICAL CORP
$5.47-6.50%-2.50%-22.08%-30.41%32.45%-19.08%-46.16%-75.23%N/A$8.95$3.7638.88%45.48%1.04155,00089.02%
SSII
SS INNOVATIONS INTERNATIONAL INC
$5.097.16%4.95%15.68%-7.29%-6.43%N/AN/AN/AN/A$22.42$3.0277.30%68.82%0.2783,000151.52%
PAVM
PAVMED INC
$10.450.58%-2.70%7.07%24.40%-16.49%-54.54%-93.77%-99.46%N/A$28.44$6.0063.26%74.17%1.4414,20075.31%
UFPT
UFP TECHNOLOGIES INC
$198.40-3.53%-5.34%-19.29%-11.77%-1.59%-4.15%71.52%298.79%808.42%$274.93$178.2627.84%11.30%0.92149,000-13.37%
FEED
ENVUE MEDICAL INC
$1.35-8.16%-28.95%-53.13%-59.58%-79.88%-95.60%-99.65%-99.95%-99.99%$162.50$0.9999.17%36.36%0.68161,000-74.03%
OM
OUTSET MEDICAL INC
$3.35-7.20%2.76%-3.46%-7.20%-76.36%-59.39%-98.97%-99.54%N/A$21.98$3.0084.76%11.67%1.47145,000-13.69%
STEX
STREAMEX CORP
$1.80-4.76%-14.29%-24.37%-49.86%-71.88%173.14%-79.55%-96.14%-94.59%$14.11$0.4087.24%350.00%1.191,684,000-6.96%
MXCT
MAXCYTE INC
$0.73-8.63%-9.42%7.66%-51.91%-54.88%-77.08%-82.55%N/AN/A$3.24$0.6477.44%13.69%1.44899,00058.27%
INBS
INTELLIGENT BIO SOLUTIONS INC
$3.63-2.16%-11.03%-24.84%-48.07%-74.44%-82.88%-98.92%-99.98%N/A$24.90$3.3385.42%9.01%1.1664,000-20.99%
XAIR
BEYOND AIR INC
$0.810.25%0.50%-25.28%-12.94%-64.76%-85.78%-99.37%-99.33%N/A$6.39$0.6787.38%19.91%0.97215,000-80.92%
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$0.741.09%-6.33%8.82%3.35%-17.78%-26.73%-54.04%-91.35%N/A$1.16$0.4036.21%87.34%0.7884,000-19.23%
NNOX
NANO-X IMAGING LTD
$2.46-5.38%-6.46%5.13%-17.45%-40.87%-57.14%-61.86%-94.69%N/A$6.22$2.1160.44%16.59%1.83597,00046.68%
CATX
PERSPECTIVE THERAPEUTICS INC
$4.86-1.82%-6.90%-3.38%82.02%47.72%98.37%-25.35%-64.26%-46.00%$6.16$1.6021.04%203.75%1.161,321,000-15.10%
LUCD
LUCID DIAGNOSTICS INC
$1.34-2.90%-7.59%0.00%18.58%25.23%-4.96%-16.77%N/AN/A$1.80$0.9525.56%41.05%0.80656,00086.36%
SRTS
SENSUS HEALTHCARE INC
$3.85-1.53%-6.10%0.00%0.26%22.61%-18.78%-24.95%-14.06%N/A$5.92$3.0334.97%27.06%0.9418,7001.63%
CVRX
CVRX INC
$8.502.04%8.56%75.26%7.32%18.55%-28.33%-13.53%N/AN/A$13.34$4.3036.28%97.72%1.55205,00011.41%
SENS
SENSEONICS HOLDINGS INC
$6.34-2.31%7.64%-19.95%1.93%-30.38%-46.88%-62.30%-89.36%-88.88%$15.74$5.2559.72%20.76%1.88302,000-58.06%
RCEL
AVITA MEDICAL INC
$4.19-6.26%-12.71%-2.78%24.70%-24.37%-54.70%-68.28%-80.58%N/A$10.29$3.2259.28%30.12%1.45277,000140.87%
PRCT
PROCEPT BIOROBOTICS CORP
$26.17-4.35%-5.86%-5.59%-20.04%-31.19%-54.11%-18.42%N/AN/A$66.85$19.3560.85%35.25%1.301,459,000-1.35%
CLPT
CLEARPOINT NEURO INC
$9.61-13.93%-17.34%-32.31%-29.63%-15.37%-27.62%31.04%-52.19%-22.54%$30.10$8.6368.09%11.30%1.861,520,000238.53%
TMCI
TREACE MEDICAL CONCEPTS INC
$1.35-7.53%-2.88%-27.03%-45.78%-81.22%-83.99%-94.26%N/AN/A$8.87$1.3184.78%3.05%1.30399,000-0.75%
RXST
RXSIGHT INC
$7.35-2.78%-0.54%-13.83%-40.29%-22.55%-71.43%-52.52%N/AN/A$27.13$6.3272.91%16.30%1.28346,000-33.08%
MDAI
SPECTRAL AI INC
$1.20-6.25%-12.41%-20.00%-18.37%-45.70%-28.57%-87.96%-87.92%N/A$3.21$1.0462.62%15.38%0.457,521,0002,061.21%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Mar 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 137 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: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 47, which is 19 points higher than the medical device industry average of 28.

BVS passed 15 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock lose -6.69% over the past year, overperforming other medical device stocks by 59 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 68.16% from Bioventus's current stock price of $8.92.

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

2. Viemed Healthcare (NASDAQ:VMD)


Viemed Healthcare (NASDAQ:VMD) is the #2 top medical device stock out of 137 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 Viemed Healthcare (NASDAQ:VMD) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: B.

Viemed Healthcare (NASDAQ:VMD) has a Due Diligence Score of 59, which is 31 points higher than the medical device industry average of 28.

VMD passed 19 out of 33 due diligence checks and has strong fundamentals. Viemed Healthcare has seen its stock return 24.43% over the past year, overperforming other medical device stocks by 90 percentage points.

3. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the #3 top medical device stock out of 137 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: B, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 56, which is 28 points higher than the medical device industry average of 28.

TCMD passed 18 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 97.88% over the past year, overperforming other medical device stocks by 164 percentage points.

Tactile Systems Technology has an average 1 year price target of $36.00, an upside of 33.19% from Tactile Systems Technology's current stock price of $27.03.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Tactile Systems Technology, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% 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 7 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 2.31%, which is 1 percentage points higher than the medical device industry average of 1.19%. 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 52.8% indicates that its dividend yield is sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.21%, which is 1 percentage points higher than the medical device industry average of 1.19%. 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 64.3% indicates that its dividend yield is sustainable for the long-term.

3. Iradimed (NASDAQ:IRMD)


Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.21%, which is the same as the medical device industry average of 1.19%. Iradimed's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Iradimed's dividend has not shown consistent growth over the last 10 years.

Iradimed's dividend payout ratio of 68.4% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.57% in the last day, and down -2.12% over the last week. Clearpoint Neuro was the among the top losers in the medical devices industry, dropping -13.93% yesterday.

ClearPoint Neuro shares are trading lower after the company reported mixed Q4 financial results and cut its FY26 guidance.

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 71, which is 56 points higher than the medical device industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -26.02% in the past year. It has overperformed other stocks in the medical device industry by 40 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 71, which is 56 points higher than the medical device industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -39.43% in the past year. It has overperformed other stocks in the medical device industry by 27 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 71, which is 56 points higher than the medical device industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Bioventus's stock has dropped -6.69% in the past year. It has overperformed other stocks in the medical device industry by 59 percentage points.

Are medical device stocks a good buy now?

57.14% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 52.79% over the next year.

9.8% of medical device stocks have a Zen Rating of A (Strong Buy), 15.69% of medical device stocks are rated B (Buy), 51.96% are rated C (Hold), 15.69% are rated D (Sell), and 6.86% 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 26.25x.
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.