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	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
BVS	BIOVENTUS INC	$727.59M	16.30%	4.20%	10.13%	12.50%	2.20	1.69	68.70%	4.90%	8.83%
ELMD	ELECTROMED INC	$320.27M	22.10%	18.20%	27.56%	44.80%	0.21	4.91	78.40%	14.10%	18.92%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$600.45M	9.70%	7.50%	14.89%	34.20%	0.25	4.24	76.40%	5.90%	10.23%
LIVN	LIVANOVA PLC	$4.31B	9.10%	4.20%	9.34%	30.20%	1.08	1.33	67.50%	7.50%	11.42%
VMD	VIEMED HEALTHCARE INC	$407.90M	10.70%	7.60%	14.63%	22.30%	0.36	1.22	57.60%	5.20%	8.00%
NSYS	NORTECH SYSTEMS INC	$48.88M	3.00%	1.40%	6.04%	4.20%	1.21	1.84	16.10%	0.80%	2.16%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.37B	-47.60%	-13.70%	-13.80%	-14.20%	2.43	3.38	51.90%	-30.10%	-27.12%
PODD	INSULET CORP	$10.10B	21.40%	9.60%	20.40%	18.30%	1.29	2.49	71.00%	10.40%	16.17%
DXCM	DEXCOM INC	$27.96B	33.80%	13.40%	27.71%	25.60%	1.24	1.95	61.50%	19.30%	25.36%
BWAY	BRAINSWAY LTD	$583.18M	12.20%	7.70%	11.56%	36.60%	0.54	3.34	75.50%	15.60%	19.21%
SNN	SMITH & NEPHEW PLC	$13.20B	11.80%	6.00%	10.37%	12.20%	0.98	2.57	68.00%	10.10%	14.91%
ALGN	ALIGN TECHNOLOGY INC	$13.04B	10.70%	6.90%	13.47%	21.40%	0.52	1.39	67.60%	10.50%	14.50%
CERS	CERUS CORP	$541.00M	-15.40%	-4.40%	-0.93%	-0.50%	2.29	1.63	58.40%	-3.90%	-0.44%
STE	STERIS PLC	$19.78B	11.10%	7.40%	11.52%	20.70%	0.49	2.09	44.20%	13.20%	18.62%
ZBH	ZIMMER BIOMET HOLDINGS INC	$17.02B	6.00%	3.30%	6.04%	9.40%	0.79	1.73	70.00%	9.10%	14.26%
PHG	KONINKLIJKE PHILIPS NV	$25.79B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
GMED	GLOBUS MEDICAL INC	$10.76B	13.00%	11.30%	13.06%	29.00%	0.15	4.56	67.90%	18.90%	20.89%
ANIK	ANIKA THERAPEUTICS INC	$191.87M	-7.70%	-5.90%	-6.47%	-8.00%	0.34	4.46	58.60%	-9.50%	-8.81%
BRKR	BRUKER CORP	$8.71B	-1.60%	-0.60%	0.83%	0.90%	1.49	1.55	45.30%	-1.10%	1.15%
IRMD	IRADIMED CORP	$1.18B	24.50%	21.30%	29.51%	71.00%	0.16	7.13	76.80%	27.40%	34.98%
CNMD	CONMED CORP	$980.96M	5.40%	2.40%	5.52%	7.70%	1.28	2.29	55.20%	4.00%	8.15%
ATEC	ALPHATEC HOLDINGS INC	$1.35B	-1,183.80%	-15.80%	-13.50%	-8.80%	-150.52	1.90	70.20%	-15.90%	-9.59%
EW	EDWARDS LIFESCIENCES CORP	$50.30B	10.60%	8.20%	11.26%	19.70%	0.29	4.42	77.90%	17.40%	21.28%
AHCO	ADAPTHEALTH CORP	$1.31B	-5.10%	-1.80%	1.85%	2.40%	1.93	0.93	18.30%	-2.40%	2.07%
AXGN	AXOGEN INC	$2.38B	-20.70%	-13.50%	-9.61%	-11.80%	0.18	7.10	75.00%	-13.20%	-10.63%
GKOS	GLAUKOS CORP	$7.68B	-26.50%	-20.10%	-23.63%	-32.40%	0.33	5.43	57.60%	-34.30%	-34.45%
MASS	908 DEVICES INC	$334.65M	-25.60%	-19.00%	-24.58%	-64.80%	0.39	3.58	51.50%	-62.40%	-62.52%
IRTC	IRHYTHM HOLDINGS INC	$3.44B	-20.60%	-2.80%	-1.58%	-1.00%	5.24	5.17	71.00%	-3.50%	-1.75%
LMRI	LUMEXA IMAGING HOLDINGS INC	$904.12M	N/A	N/A	N/A	N/A	1.94	1.41	N/A	N/A	N/A
APYX	APYX MEDICAL CORP	$172.10M	-90.60%	-14.90%	-6.02%	-5.30%	3.89	5.80	63.20%	-16.40%	-5.77%
SYK	STRYKER CORP	$118.00B	15.10%	7.10%	13.40%	19.50%	1.01	2.11	63.80%	13.20%	21.19%
VREX	VAREX IMAGING CORP	$443.31M	-17.60%	-7.60%	-3.52%	-3.30%	1.27	3.20	33.60%	-9.60%	-3.67%
BSX	BOSTON SCIENTIFIC CORP	$67.32B	14.90%	8.30%	10.32%	18.10%	0.71	1.90	69.20%	17.30%	19.91%
MDT	MEDTRONIC PLC	$101.56B	9.80%	5.20%	8.38%	12.30%	0.87	2.13	65.00%	13.20%	18.74%
AORT	ARTIVION INC	$1.03B	2.70%	1.30%	5.28%	7.30%	0.96	3.86	64.60%	2.50%	9.09%
DCTH	DELCATH SYSTEMS INC	$403.56M	0.50%	0.50%	1.71%	2.70%	0.11	11.24	86.00%	0.60%	2.16%
BFLY	BUTTERFLY NETWORK INC	$2.33B	-36.80%	-25.60%	-32.80%	-69.60%	0.50	4.03	49.20%	-73.60%	-72.15%
NPCE	NEUROPACE INC	$532.89M	-120.70%	-20.60%	-17.82%	-10.70%	5.84	5.38	78.30%	-21.70%	-14.81%
SIBN	SI-BONE INC	$702.49M	-9.60%	-7.10%	-6.39%	-6.50%	0.36	9.99	79.60%	-8.10%	-6.86%
OFIX	ORTHOFIX MEDICAL INC	$381.98M	-13.40%	-7.00%	-5.63%	-7.70%	1.04	2.87	70.70%	-7.30%	-4.95%
PEN	PENUMBRA INC	$12.48B	12.30%	9.60%	12.03%	14.90%	0.29	6.02	67.40%	11.80%	13.96%
UFPT	UFP TECHNOLOGIES INC	$1.85B	16.60%	10.50%	15.49%	23.90%	0.54	2.91	28.40%	11.30%	15.20%
MXCT	MAXCYTE INC	$129.62M	-22.00%	-18.80%	-21.23%	-20.10%	0.16	12.04	80.50%	-121.20%	-121.16%
HYPR	HYPERFINE INC	$158.83M	-101.30%	-68.80%	-69.14%	-274.80%	0.76	5.52	51.20%	-226.90%	-226.34%
HSDT	SOLANA CO	$94.59M	-155.30%	-55.40%	-68.83%	-65.20%	0.01	9.90	94.20%	-1,427.10%	-1,420.59%
ABT	ABBOTT LABORATORIES	$153.99B	12.10%	6.90%	9.42%	17.00%	1.10	1.39	56.30%	13.90%	19.22%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$2.50B	-225.90%	-12.70%	-9.27%	-5.80%	22.75	2.96	70.10%	-19.10%	-10.82%
ITGR	INTEGER HOLDINGS CORP	$3.09B	8.20%	4.20%	6.14%	7.70%	1.01	3.76	26.40%	7.60%	10.61%
TNDM	TANDEM DIABETES CARE INC	$1.05B	-68.30%	-10.00%	-9.92%	-8.10%	7.71	3.58	54.90%	-9.20%	-8.74%
INMD	INMODE LTD	$849.57M	13.30%	11.80%	15.18%	26.70%	0.14	8.80	77.80%	23.30%	27.28%
SNWV	SANUWAVE HEALTH INC	$79.20M	-450.60%	44.90%	112.15%	150.60%	19.18	1.31	76.70%	36.20%	47.55%
CV	CAPSOVISION INC	$330.26M	N/A	-136.00%	-130.93%	-582.90%	0.28	4.57	51.70%	-198.90%	-198.69%
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$45.49M	-76.80%	-36.90%	-67.96%	-43.30%	1.23	1.70	83.80%	-121.00%	-112.59%
SGHT	SIGHT SCIENCES INC	$287.28M	-59.10%	-32.20%	-35.09%	-64.20%	1.04	5.86	86.20%	-46.80%	-40.38%
PROF	PROFOUND MEDICAL CORP	$249.64M	-78.90%	-64.10%	-63.11%	-257.10%	0.24	6.56	71.10%	-206.80%	-210.83%
TLSI	TRISALUS LIFE SCIENCES INC	$250.58M	N/A	-125.50%	-36.38%	-57.00%	4.54	5.78	85.10%	-128.70%	-47.98%
MOVE	CORVEX INC	$44.63M	-12.70%	-11.70%	-2.55%	-147.40%	0.05	2.14	-190.80%	-2,475.60%	-2,031.07%
QTRX	QUANTERIX CORP	$159.69M	-35.20%	-26.00%	-33.59%	-54.30%	0.30	3.72	44.20%	-71.90%	-73.39%
ECOR	ELECTROCORE INC	$69.89M	N/A	-87.70%	-467.09%	-169.10%	-3.72	1.02	87.20%	-44.10%	-42.42%
INGN	INOGEN INC	$173.55M	-12.90%	-8.30%	-11.41%	-23.40%	0.56	3.10	44.30%	-7.10%	-7.28%
INSP	INSPIRE MEDICAL SYSTEMS INC	$1.23B	18.00%	15.30%	7.80%	9.40%	0.15	6.34	85.80%	14.30%	7.00%
SI	SHOULDER INNOVATIONS INC	$384.69M	-51.30%	-30.10%	-30.27%	-38.10%	0.21	11.81	76.80%	-81.80%	-83.14%
CTKB	CYTEK BIOSCIENCES INC	$486.87M	-20.80%	-15.60%	-9.90%	-12.30%	0.37	4.69	51.70%	-36.20%	-17.85%
CBLL	CERIBELL INC	$684.11M	-38.20%	-30.90%	-36.15%	-35.80%	0.27	10.44	87.70%	-63.50%	-61.56%
NVCR	NOVOCURE LTD	$1.65B	-50.80%	-16.50%	-32.15%	-20.90%	1.38	2.90	75.20%	-25.70%	-27.19%
ALMR	ALAMAR BIOSCIENCES INC	$1.52B	N/A	N/A	N/A	N/A	-0.73	5.88	N/A	N/A	N/A
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$434.84M	-488.40%	-16.10%	-16.85%	-11.60%	329.67	5.65	37.50%	-80.30%	-75.50%
KIDS	ORTHOPEDIATRICS CORP	$484.68M	-11.40%	-7.90%	-7.17%	-9.20%	0.48	5.21	73.10%	-16.30%	-13.40%
BIO	BIO-RAD LABORATORIES INC	$7.56B	2.40%	1.70%	3.06%	2.90%	0.43	3.21	51.90%	6.50%	10.49%
LUCD	LUCID DIAGNOSTICS INC	$219.31M	-478.50%	-139.90%	-958.27%	-1,216.20%	7.52	1.07	-31.40%	-1,133.20%	-876.33%
TMCI	TREACE MEDICAL CONCEPTS INC	$271.82M	-69.50%	-31.40%	-37.07%	-28.20%	1.39	3.58	79.70%	-29.40%	-26.75%
MOBI	MOBIA MEDICAL INC	$473.80M	N/A	N/A	N/A	N/A	-0.37	6.06	N/A	N/A	N/A
CVRX	CVRX INC	$131.35M	-120.80%	-48.40%	-51.81%	-68.50%	2.43	10.20	86.20%	-89.10%	-79.14%
LUNG	PULMONX CORP	$54.06M	-92.90%	-39.80%	-48.70%	-51.40%	1.62	4.91	75.50%	-60.10%	-55.59%
SSII	SS INNOVATIONS INTERNATIONAL INC	$694.46M	-23.00%	-13.20%	-7.59%	-9.80%	0.66	2.54	49.10%	-20.70%	-10.11%
OM	OUTSET MEDICAL INC	$93.61M	-55.90%	-27.70%	-28.45%	-20.50%	1.23	6.29	40.60%	-63.70%	-51.25%
RCEL	AVITA MEDICAL INC	$123.41M	N/A	-78.90%	265.45%	-176.80%	-3.23	0.48	81.40%	-62.70%	-55.50%
QDEL	QUIDELORTHO CORP	$932.17M	-56.30%	-20.70%	-21.21%	-20.60%	2.04	1.43	45.00%	-45.60%	-37.25%
CATX	PERSPECTIVE THERAPEUTICS INC	$336.44M	-41.80%	-34.60%	-29.42%	-50.50%	0.18	8.75	100.00%	-17,982.70%	-18,053.88%
CODX	CO-DIAGNOSTICS INC	$12.14M	-164.90%	-141.20%	-291.20%	-1,036.40%	0.34	2.28	45.10%	-6,753.70%	-6,980.30%
RPID	RAPID MICRO BIOSYSTEMS INC	$78.95M	-131.50%	-67.50%	-112.71%	-84.20%	2.06	2.58	2.90%	-145.80%	-141.75%
NNOX	NANO-X IMAGING LTD	$116.22M	-47.10%	-41.70%	-53.85%	-122.40%	0.16	3.96	-98.20%	-576.10%	-600.83%
MDAI	SPECTRAL AI INC	$57.92M	N/A	-78.80%	362.42%	423.10%	-3.01	0.75	46.00%	-82.00%	-75.74%
CLPT	CLEARPOINT NEURO INC	$532.91M	-141.00%	-37.00%	-30.08%	-37.70%	3.96	5.79	62.30%	-71.60%	-62.17%
TMDX	TRANSMEDICS GROUP INC	$2.72B	41.90%	15.80%	7.95%	9.40%	1.90	6.74	59.10%	27.00%	16.80%
MYO	MYOMO INC	$49.46M	-114.90%	-40.80%	-48.63%	-46.30%	3.08	2.73	66.00%	-36.70%	-32.30%
BBNX	BETA BIONICS INC	$618.52M	-23.00%	-20.60%	-23.62%	-24.40%	0.12	10.69	57.20%	-60.30%	-60.27%
FEED	ENVUE MEDICAL INC	$4.09M	-101.10%	-80.30%	-75.13%	1,046.50%	0.25	0.90	-12.40%	-1,720.50%	-1,136.91%
LNSR	LENSAR INC	$69.48M	-183.20%	42.30%	60.70%	114.00%	3.86	2.38	45.70%	50.90%	50.94%
PRCT	PROCEPT BIOROBOTICS CORP	$1.24B	-27.70%	-20.30%	-26.18%	-45.70%	0.40	6.73	64.00%	-31.80%	-34.43%
STEX	STREAMEX CORP	$95.52M	-719.70%	-337.20%	-290.97%	1,449.50%	0.09	13.90	N/A	N/A	N/A
RXST	RXSIGHT INC	$195.81M	-17.00%	-15.10%	-16.83%	-17.40%	0.14	10.20	77.00%	-36.60%	-36.53%
SENS	SENSEONICS HOLDINGS INC	$281.75M	-130.00%	-67.20%	-107.76%	-71.70%	2.00	3.51	52.10%	-214.20%	-202.58%
ITOC	ITONIC HOLDINGS LTD	$5.34M	-82.80%	-64.50%	-59.05%	-319.70%	0.16	8.83	62.60%	-974.70%	-974.68%
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$28.63M	-102.70%	-73.00%	-118.04%	-258.30%	0.49	4.21	54.40%	-75.50%	-75.50%
ADGM	ADAGIO MEDICAL HOLDINGS INC	$15.10M	-382.50%	-65.00%	-69.45%	-110.10%	5.87	1.85	N/A	N/A	N/A
LFWD	LIFEWARD LTD	$19.45M	-243.10%	-97.40%	-110.42%	-267.70%	4.31	2.40	36.60%	-123.70%	-120.25%
QTI	QT IMAGING HOLDINGS INC	$44.56M	-6,334.00%	-77.60%	-77.59%	-110.30%	4.80	2.49	41.70%	-58.90%	-46.24%
NSPR	INSPIREMD INC	$33.26M	-112.00%	-86.30%	-108.97%	-183.70%	0.30	5.15	28.10%	-473.00%	-472.40%
NUWE	NUWELLIS INC	$348.50k	-32,691.80%	-251.70%	-262.80%	-508.70%	1.61	1.56	65.50%	-217.20%	-96.83%

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.