Sectors & IndustriesHealthcareMedical Devices

Best Medical Device Stocks to Buy Now (2025)

Top medical device stocks in 2025 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.

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:

Steris (NYSE:STE) is the #1 top medical device stock out of 139 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 Steris (NYSE:STE) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.

Steris (NYSE:STE) has a Due Diligence Score of 45, which is 17 points higher than the medical device industry average of 28.

STE passed 16 out of 38 due diligence checks and has strong fundamentals. Steris has seen its stock return 6.24% over the past year, overperforming other medical device stocks by 41 percentage points.

Steris has an average 1 year price target of $275.20, an upside of 16.76% from Steris's current stock price of $235.70.

Steris stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Steris, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Livanova (NASDAQ:LIVN) is the #2 top medical device stock out of 139 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 Livanova (NASDAQ:LIVN) is: Value: B, Growth: A, Momentum: C, Sentiment: B, Safety: B, Financials: C, and AI: C.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 20, which is -8 points lower than the medical device industry average of 28. Although this number is below the industry average, our proven quant model rates LIVN as a "A".

LIVN passed 6 out of 33 due diligence checks and has weak fundamentals. Livanova has seen its stock return 1.96% over the past year, overperforming other medical device stocks by 36 percentage points.

Livanova has an average 1 year price target of $60.75, an upside of 15.43% from Livanova's current stock price of $52.63.

Livanova stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Livanova, 0% have issued a Strong Buy rating, 75% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Bioventus (NASDAQ:BVS) is the #3 top medical device stock out of 139 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: B, Growth: B, Momentum: D, Sentiment: C, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 24, which is -4 points lower than the medical device industry average of 28. Although this number is below the industry average, our proven quant model rates BVS as a "A".

BVS passed 8 out of 33 due diligence checks and has weak fundamentals. Bioventus has seen its stock lose -51.73% over the past year, underperforming other medical device stocks by -17 percentage points.

Bioventus has an average 1 year price target of $12.00, an upside of 83.21% from Bioventus's current stock price of $6.55.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Bioventus, 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.

Out of 8 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.07%, which is 1 percentage points higher than the medical device industry average of 1.02%. 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 66.7% indicates that its dividend yield is sustainable for the long-term.

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 1.43%, which is the same as the medical device industry average of 1.02%. 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 29.5% indicates that its dividend yield is sustainable for the long-term.

Conmed (NYSE:CNMD) has an annual dividend yield of 1.36%, which is the same as the medical device industry average of 1.02%. Conmed's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Conmed's dividend has not shown consistent growth over the last 10 years.

Conmed's dividend payout ratio of 22.5% indicates that its dividend yield is sustainable for the long-term.

Medical device stocks were down -0.05% in the last day, and down -3.15% over the last week. Dexcom was the among the top losers in the medical devices industry, dropping -14.63% yesterday.

DexCom shares are trading lower. The company reported Q3 financial results. Also, BTIG lowered its price target from $109 to $85 on the stock.

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:

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 -13.52% in the past year. It has overperformed other stocks in the medical device industry by 21 percentage points.

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 42 points higher than the medical device industry average of 15. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has dropped -35.52% in the past year. It has underperformed other stocks in the medical device industry by -1 percentage points.

Adapthealth (NASDAQ:AHCO) 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.

Adapthealth 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.

Adapthealth's stock has dropped -12.63% in the past year. It has overperformed other stocks in the medical device industry by 22 percentage points.

51.09% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 29.98% over the next year.

6.36% of medical device stocks have a Zen Rating of A (Strong Buy), 15.45% of medical device stocks are rated B (Buy), 49.09% are rated C (Hold), 21.82% are rated D (Sell), and 7.27% are rated F (Strong Sell).