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 +28.50% 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 79th ranked industry out of 145 stock market industries

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
ELMD	ELECTROMED INC	$346.69M	22.10%	18.20%	27.56%	44.80%	0.21	4.91	78.40%	14.10%	18.92%
BVS	BIOVENTUS INC	$1.27B	16.30%	4.20%	10.13%	12.50%	2.20	1.69	68.70%	4.90%	8.83%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$676.24M	9.70%	7.50%	14.89%	34.20%	0.25	4.24	76.40%	5.90%	10.23%
LIVN	LIVANOVA PLC	$4.29B	9.10%	4.20%	9.34%	30.20%	1.08	1.33	67.50%	7.50%	11.42%
VMD	VIEMED HEALTHCARE INC	$374.03M	10.30%	7.20%	14.12%	21.60%	0.41	1.13	57.50%	4.80%	7.32%
ANIK	ANIKA THERAPEUTICS INC	$256.82M	-2.70%	-2.00%	-2.22%	-2.80%	0.34	4.48	62.20%	-3.10%	-2.96%
NSYS	NORTECH SYSTEMS INC	$39.40M	3.00%	1.40%	6.04%	4.20%	1.21	1.84	16.10%	0.80%	2.16%
SNN	SMITH & NEPHEW PLC	$13.22B	11.70%	5.80%	10.25%	11.90%	1.13	2.14	68.00%	10.10%	14.91%
PODD	INSULET CORP	$9.23B	21.40%	9.60%	20.40%	18.30%	1.29	2.49	71.00%	10.40%	16.17%
GKOS	GLAUKOS CORP	$10.08B	-27.10%	-20.30%	-22.97%	-31.50%	0.35	5.04	60.70%	-30.70%	-30.67%
BRKR	BRUKER CORP	$7.99B	-1.60%	-0.60%	0.83%	0.90%	1.49	1.55	45.30%	-1.10%	1.15%
ZBH	ZIMMER BIOMET HOLDINGS INC	$18.99B	6.00%	3.30%	6.04%	9.40%	0.79	1.73	70.00%	9.10%	14.26%
ALGN	ALIGN TECHNOLOGY INC	$12.52B	10.70%	6.90%	13.47%	21.40%	0.52	1.39	67.60%	10.50%	14.50%
SYK	STRYKER CORP	$129.28B	16.40%	7.90%	14.65%	22.10%	1.00	2.16	65.00%	14.40%	23.39%
CERS	CERUS CORP	$457.46M	-10.30%	-3.10%	1.07%	0.70%	1.92	1.83	57.20%	-2.70%	0.51%
DXCM	DEXCOM INC	$31.19B	36.20%	14.80%	31.68%	28.80%	1.46	1.73	62.50%	20.10%	26.13%
PHG	KONINKLIJKE PHILIPS NV	$25.60B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
CNMD	CONMED CORP	$1.48B	5.50%	2.40%	6.13%	8.10%	1.21	1.48	55.80%	4.10%	8.25%
MDT	MEDTRONIC PLC	$110.07B	9.80%	5.20%	8.38%	12.30%	0.87	2.13	65.00%	13.20%	18.74%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.38B	-0.70%	-0.20%	2.84%	2.80%	2.42	3.60	52.50%	-0.40%	5.56%
GMED	GLOBUS MEDICAL INC	$10.93B	13.00%	11.30%	13.06%	29.00%	0.15	4.56	67.90%	18.90%	20.89%
VREX	VAREX IMAGING CORP	$521.62M	-17.60%	-7.60%	-3.52%	-3.30%	1.27	3.20	33.60%	-9.60%	-3.67%
STE	STERIS PLC	$22.71B	11.10%	7.40%	11.52%	20.70%	0.49	2.09	44.20%	13.20%	18.62%
NVCR	NOVOCURE LTD	$1.87B	-44.00%	-15.90%	-26.88%	-19.50%	1.35	2.89	76.10%	-21.20%	-22.08%
AXGN	AXOGEN INC	$2.43B	-17.90%	-13.00%	-10.70%	-14.20%	0.19	6.60	74.60%	-13.40%	-11.70%
BWAY	BRAINSWAY LTD	$587.88M	12.20%	7.70%	11.56%	36.60%	0.54	3.34	75.50%	15.60%	19.21%
SGHT	SIGHT SCIENCES INC	$301.98M	-59.10%	-32.20%	-35.09%	-64.20%	1.04	5.86	86.20%	-46.80%	-40.38%
LMRI	LUMEXA IMAGING HOLDINGS INC	$1.09B	N/A	N/A	N/A	N/A	1.94	1.41	N/A	N/A	N/A
IRTC	IRHYTHM HOLDINGS INC	$4.09B	-20.60%	-2.80%	-1.58%	-1.00%	5.24	5.17	71.00%	-3.50%	-1.75%
AHCO	ADAPTHEALTH CORP	$885.56M	-15.20%	-5.20%	-3.83%	-4.70%	2.14	1.12	17.00%	-7.10%	-4.31%
APYX	APYX MEDICAL CORP	$173.36M	-90.60%	-14.90%	-6.02%	-5.30%	3.89	5.80	63.20%	-16.40%	-5.77%
IRMD	IRADIMED CORP	$1.17B	23.50%	20.40%	28.11%	69.20%	0.13	9.46	75.90%	26.70%	34.45%
ATEC	ALPHATEC HOLDINGS INC	$1.48B	-6,752.20%	-13.90%	-11.08%	-7.20%	-66.54	1.89	70.80%	-13.50%	-7.52%
EW	EDWARDS LIFESCIENCES CORP	$51.28B	9.70%	7.40%	11.85%	21.30%	0.30	4.52	77.80%	15.40%	22.49%
DCTH	DELCATH SYSTEMS INC	$436.01M	0.50%	0.50%	1.71%	2.70%	0.11	11.24	86.00%	0.60%	2.16%
AORT	ARTIVION INC	$1.27B	2.70%	1.30%	5.28%	7.30%	0.96	3.86	64.60%	2.50%	9.09%
MASS	908 DEVICES INC	$318.01M	-25.60%	-19.00%	-24.58%	-64.80%	0.39	3.58	51.50%	-62.40%	-62.52%
SIBN	SI-BONE INC	$808.53M	-8.20%	-6.10%	-5.40%	-5.50%	0.36	9.15	79.50%	-6.90%	-5.68%
MOVE	CORVEX INC	$24.09M	-12.70%	-11.70%	-2.55%	-147.40%	0.05	2.14	-190.80%	-2,475.60%	-2,031.07%
BSX	BOSTON SCIENTIFIC CORP	$69.19B	14.90%	8.40%	10.91%	18.00%	0.80	1.24	69.90%	17.50%	20.15%
ABT	ABBOTT LABORATORIES	$182.92B	10.40%	5.60%	9.06%	14.90%	1.11	1.38	56.60%	11.60%	17.77%
BFLY	BUTTERFLY NETWORK INC	$2.24B	-38.40%	-25.90%	-32.72%	-72.60%	0.49	4.06	52.60%	-66.70%	-65.48%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$2.69B	-225.90%	-12.70%	-9.27%	-5.80%	22.75	2.96	70.10%	-19.10%	-10.82%
UFPT	UFP TECHNOLOGIES INC	$2.49B	16.60%	10.50%	15.49%	23.90%	0.54	2.91	28.40%	11.30%	15.20%
INMD	INMODE LTD	$964.33M	13.30%	11.80%	15.18%	26.70%	0.14	8.80	77.80%	23.30%	27.28%
MXCT	MAXCYTE INC	$114.62M	-22.00%	-18.80%	-21.23%	-20.10%	0.16	12.04	80.50%	-121.20%	-121.16%
NPCE	NEUROPACE INC	$467.08M	-120.70%	-20.60%	-17.82%	-10.70%	5.84	5.38	78.30%	-21.70%	-14.81%
CTKB	CYTEK BIOSCIENCES INC	$539.82M	-20.80%	-15.60%	-9.90%	-12.30%	0.37	4.69	51.70%	-36.20%	-17.85%
SNWV	SANUWAVE HEALTH INC	$51.34M	-450.60%	44.90%	112.15%	150.60%	19.18	1.31	76.70%	36.20%	47.55%
TNDM	TANDEM DIABETES CARE INC	$1.34B	-68.30%	-10.00%	-9.92%	-8.10%	7.71	3.58	54.90%	-9.20%	-8.74%
PROF	PROFOUND MEDICAL CORP	$290.34M	-78.90%	-64.10%	-63.11%	-257.10%	0.24	6.56	71.10%	-206.80%	-210.83%
OFIX	ORTHOFIX MEDICAL INC	$421.19M	-13.40%	-7.00%	-5.63%	-7.70%	1.04	2.87	70.70%	-7.30%	-4.95%
HYPR	HYPERFINE INC	$97.28M	-101.30%	-68.80%	-69.14%	-274.80%	0.76	5.52	51.20%	-226.90%	-226.34%
BIO	BIO-RAD LABORATORIES INC	$9.30B	3.20%	2.20%	4.30%	4.20%	0.43	3.14	51.90%	8.60%	15.42%
PEN	PENUMBRA INC	$12.73B	11.10%	8.60%	11.71%	13.90%	0.29	5.75	67.80%	10.70%	13.54%
TLSI	TRISALUS LIFE SCIENCES INC	$283.74M	N/A	-125.50%	-36.38%	-57.00%	4.54	5.78	85.10%	-128.70%	-47.98%
CBLL	CERIBELL INC	$693.97M	-38.20%	-30.90%	-36.15%	-35.80%	0.27	10.44	87.70%	-63.50%	-61.56%
CV	CAPSOVISION INC	$338.25M	N/A	-136.00%	-130.93%	-582.90%	0.28	4.57	51.70%	-198.90%	-198.69%
KIDS	ORTHOPEDIATRICS CORP	$573.03M	-11.40%	-7.90%	-7.17%	-9.20%	0.48	5.21	73.10%	-16.30%	-13.40%
LUNG	PULMONX CORP	$85.04M	-96.70%	-38.30%	-46.38%	-47.10%	1.93	4.32	77.10%	-55.00%	-50.03%
INSP	INSPIRE MEDICAL SYSTEMS INC	$1.74B	17.60%	15.20%	8.13%	9.70%	0.12	8.55	86.10%	15.00%	7.73%
ECOR	ELECTROCORE INC	$54.17M	N/A	-87.70%	-467.09%	-169.10%	-3.72	1.02	87.20%	-44.10%	-42.42%
QTRX	QUANTERIX CORP	$177.12M	-35.20%	-26.00%	-33.59%	-54.30%	0.30	3.72	44.20%	-71.90%	-73.39%
SI	SHOULDER INNOVATIONS INC	$468.68M	-51.30%	-30.10%	-30.27%	-38.10%	0.21	11.81	76.80%	-81.80%	-83.14%
INGN	INOGEN INC	$177.61M	-12.90%	-8.30%	-11.41%	-23.40%	0.56	3.10	44.30%	-7.10%	-7.28%
ALMR	ALAMAR BIOSCIENCES INC	$1.96B	N/A	N/A	N/A	N/A	-0.73	5.88	N/A	N/A	N/A
HSDT	SOLANA CO	$100.43M	-155.30%	-55.40%	-68.83%	-65.20%	0.01	9.90	94.20%	-1,427.10%	-1,420.59%
SSII	SS INNOVATIONS INTERNATIONAL INC	$770.51M	-23.00%	-13.20%	-7.59%	-9.80%	0.66	2.54	49.10%	-20.70%	-10.11%
TMCI	TREACE MEDICAL CONCEPTS INC	$310.09M	-69.50%	-31.40%	-37.07%	-28.20%	1.39	3.58	79.70%	-29.40%	-26.75%
RCEL	AVITA MEDICAL INC	$137.57M	N/A	-78.90%	265.45%	-176.80%	-3.23	0.48	81.40%	-62.70%	-55.50%
NUWE	NUWELLIS INC	$130.97k	-32,691.80%	-251.70%	-262.80%	-508.70%	1.61	1.56	65.50%	-217.20%	-96.83%
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$403.78M	-488.40%	-16.10%	-16.85%	-11.60%	329.67	5.65	37.50%	-80.30%	-75.50%
QDEL	QUIDELORTHO CORP	$1.19B	-56.30%	-20.70%	-21.21%	-20.60%	2.04	1.43	45.00%	-45.60%	-37.25%
MOBI	MOBIA MEDICAL INC	$407.30M	N/A	N/A	N/A	N/A	-0.37	6.06	N/A	N/A	N/A
CVRX	CVRX INC	$148.07M	-120.80%	-48.40%	-51.81%	-68.50%	2.43	10.20	86.20%	-89.10%	-79.14%
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$222.00	-6.80%	-3.10%	-2.12%	-2.00%	0.65	1.71	23.80%	-10.90%	-4.57%
AEMD	AETHLON MEDICAL INC	$1.54M	-137.70%	-105.90%	-146.06%	-2,648.40%	0.30	3.85	N/A	N/A	N/A
OM	OUTSET MEDICAL INC	$94.91M	-55.90%	-27.70%	-28.45%	-20.50%	1.23	6.29	40.60%	-63.70%	-51.25%
RXST	RXSIGHT INC	$260.38M	-17.00%	-15.10%	-16.83%	-17.40%	0.14	10.20	77.00%	-36.60%	-36.53%
LUCD	LUCID DIAGNOSTICS INC	$203.07M	-478.50%	-139.90%	-958.27%	-1,216.20%	7.52	1.07	-31.40%	-1,133.20%	-876.33%
CODX	CO-DIAGNOSTICS INC	$5.44M	-164.90%	-141.20%	-291.20%	-1,036.40%	0.34	2.28	45.10%	-6,753.70%	-6,980.30%
NNOX	NANO-X IMAGING LTD	$69.60M	-51.90%	-45.50%	-59.78%	-150.10%	0.15	3.64	-84.90%	-523.80%	-542.14%
MYO	MYOMO INC	$40.96M	-114.90%	-40.80%	-48.63%	-46.30%	3.08	2.73	66.00%	-36.70%	-32.30%
BBNX	BETA BIONICS INC	$625.81M	-26.30%	-23.20%	-27.40%	-28.20%	0.14	8.88	58.30%	-61.30%	-61.32%
PMI	PICARD MEDICAL INC	$5.47M	N/A	-180.80%	-559.93%	493.70%	4.95	1.11	-4.10%	-546.60%	-436.72%
BJDX	BLUEJAY DIAGNOSTICS INC	$1.28M	-144.30%	-115.00%	-164.95%	-802.80%	0.34	2.81	N/A	N/A	N/A
MDAI	SPECTRAL AI INC	$51.87M	N/A	-78.80%	362.42%	423.10%	-3.01	0.75	46.00%	-82.00%	-75.74%
TMDX	TRANSMEDICS GROUP INC	$2.65B	33.00%	12.30%	6.87%	7.00%	1.83	6.63	58.70%	22.70%	14.03%
CATX	PERSPECTIVE THERAPEUTICS INC	$335.30M	-41.80%	-34.60%	-29.42%	-50.50%	0.18	8.75	100.00%	-17,982.70%	-18,053.88%
ICCM	ICECURE MEDICAL LTD	$8.69M	-211.70%	-119.10%	-184.54%	-1,142.50%	0.57	2.52	36.50%	-441.60%	-439.94%
LNSR	LENSAR INC	$70.57M	-183.20%	42.30%	60.70%	114.00%	3.86	2.38	45.70%	50.90%	50.94%
RPID	RAPID MICRO BIOSYSTEMS INC	$97.42M	-131.50%	-67.50%	-112.71%	-84.20%	2.06	2.58	2.90%	-145.80%	-141.75%
PRCT	PROCEPT BIOROBOTICS CORP	$1.10B	-27.70%	-20.30%	-26.18%	-45.70%	0.40	6.73	64.00%	-31.80%	-34.43%
SENS	SENSEONICS HOLDINGS INC	$216.54M	-130.00%	-67.20%	-107.76%	-71.70%	2.00	3.51	52.10%	-214.20%	-202.58%
STEX	STREAMEX CORP	$75.60M	-719.70%	-337.20%	-290.97%	1,449.50%	0.09	13.90	N/A	N/A	N/A
CLPT	CLEARPOINT NEURO INC	$401.44M	-188.10%	-40.90%	-38.57%	-38.10%	7.05	4.75	62.60%	-81.80%	-69.73%
CNSY	CERENOME INC	$26.91M	-198.50%	-73.10%	-100.86%	1,062.90%	0.67	2.27	100.00%	-230.20%	-232.81%
ITOC	ITONIC HOLDINGS LTD	$4.94M	-82.80%	-64.50%	-59.05%	-319.70%	0.16	8.83	62.60%	-974.70%	-974.68%
ADGM	ADAGIO MEDICAL HOLDINGS INC	$16.41M	-382.50%	-65.00%	-69.45%	-110.10%	5.87	1.85	N/A	N/A	N/A
AMIX	AUTONOMIX MEDICAL INC	$6.57M	-239.40%	-192.50%	-283.55%	1,318.50%	0.29	4.45	N/A	N/A	N/A

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Aug 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. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) 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 +28.5% 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 49, which is 19 points higher than the medical device industry average of 30.

ELMD passed 17 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 124.99% over the past year, overperforming other medical device stocks by 224 percentage points.

Electromed has an average 1 year price target of $38.00, a downside of -9.24% from Electromed's current stock price of $41.87.

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.

2. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) 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 +28.5% per year. Learn more.

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

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 44, which is 14 points higher than the medical device industry average of 30.

BVS passed 14 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 148.53% over the past year, overperforming other medical device stocks by 248 percentage points.

Bioventus has an average 1 year price target of $15.00, a downside of -1.7% from Bioventus's current stock price of $15.26.

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.

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 +28.5% per year. Learn more.

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

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 65, which is 35 points higher than the medical device industry average of 30.

TCMD passed 21 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 139.07% over the past year, overperforming other medical device stocks by 239 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 31.2% from Tactile Systems Technology's current stock price of $29.98.

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 3.81%, which is 2 percentage points higher than the medical device industry average of 1.53%. 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 high dividend yield might not be sustainable for the long-term.

2. 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 1.53%. 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 51.9% indicates that its dividend yield is sustainable for the long-term.

3. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.35%, which is 1 percentage points higher than the medical device industry average of 1.53%. 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 80% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.68% in the last day, and up 2.7% over the last week. Vivos Therapeutics was the among the top losers in the medical devices industry, dropping -26.19% yesterday.

Vivos Therapeutics shares are trading lower. The company announced the receipt of a new U.S. patent and the extension of an existing patent related to its CARE sleep apnea devices.

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 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has gained 7.64% in the past year. It has overperformed other stocks in the medical device industry by 107 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 29, which is 16 points higher than the medical device industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Conmed's stock has dropped -7.85% in the past year. It has overperformed other stocks in the medical device industry by 92 percentage points.

3. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) 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.

Koninklijke Philips Nv has a valuation score of 14, which is 1 points higher than the medical device industry average of 13. It passed 1 out of 7 valuation due diligence checks.

Koninklijke Philips Nv's stock has gained 0.83% in the past year. It has overperformed other stocks in the medical device industry by 100 percentage points.

Are medical device stocks a good buy now?

65% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 28.89% over the next year.

7.22% of medical device stocks have a Zen Rating of A (Strong Buy), 22.68% of medical device stocks are rated B (Buy), 48.45% are rated C (Hold), 17.53% are rated D (Sell), and 4.12% 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 23.29x.

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Electromed (NYSEMKT:ELMD)

2. Bioventus (NASDAQ:BVS)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Electromed (NYSEMKT:ELMD)

2. Bioventus (NASDAQ:BVS)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.