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 72nd 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
BVS	BIOVENTUS INC	$1.10B	16.30%	4.20%	10.13%	12.50%	2.20	1.69	68.70%	4.90%	8.83%
ELMD	ELECTROMED INC	$337.25M	22.10%	18.20%	27.56%	44.80%	0.21	4.91	78.40%	14.10%	18.92%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$635.41M	9.70%	7.50%	14.89%	34.20%	0.25	4.24	76.40%	5.90%	10.23%
ANIK	ANIKA THERAPEUTICS INC	$258.02M	-2.70%	-2.00%	-2.22%	-2.80%	0.34	4.48	62.20%	-3.10%	-2.96%
SNN	SMITH & NEPHEW PLC	$13.85B	11.80%	6.00%	10.37%	12.20%	0.98	2.57	68.00%	10.10%	14.91%
NSYS	NORTECH SYSTEMS INC	$37.84M	3.00%	1.40%	6.04%	4.20%	1.21	1.84	16.10%	0.80%	2.16%
LIVN	LIVANOVA PLC	$4.40B	9.10%	4.20%	9.34%	30.20%	1.08	1.33	67.50%	7.50%	11.42%
VMD	VIEMED HEALTHCARE INC	$447.39M	10.70%	7.60%	14.63%	22.30%	0.36	1.22	57.60%	5.20%	8.00%
PODD	INSULET CORP	$11.45B	21.40%	9.60%	20.40%	18.30%	1.29	2.49	71.00%	10.40%	16.17%
PHG	KONINKLIJKE PHILIPS NV	$25.32B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
BRKR	BRUKER CORP	$9.57B	-1.60%	-0.60%	0.83%	0.90%	1.49	1.55	45.30%	-1.10%	1.15%
AHCO	ADAPTHEALTH CORP	$1.47B	-5.10%	-1.80%	1.85%	2.40%	1.93	0.93	18.30%	-2.40%	2.07%
CERS	CERUS CORP	$433.28M	-10.30%	-3.10%	1.07%	0.70%	1.92	1.83	57.20%	-2.70%	0.51%
GKOS	GLAUKOS CORP	$9.83B	-27.10%	-20.30%	-22.97%	-31.50%	0.35	5.04	60.70%	-30.70%	-30.67%
ALGN	ALIGN TECHNOLOGY INC	$12.11B	10.70%	6.90%	13.47%	21.40%	0.52	1.39	67.60%	10.50%	14.50%
ZBH	ZIMMER BIOMET HOLDINGS INC	$18.17B	6.00%	3.30%	6.04%	9.40%	0.79	1.73	70.00%	9.10%	14.26%
CNMD	CONMED CORP	$1.39B	5.50%	2.40%	6.13%	8.10%	1.21	1.48	55.80%	4.10%	8.25%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.29B	-0.70%	-0.20%	2.84%	2.80%	2.42	3.60	52.50%	-0.40%	5.56%
DXCM	DEXCOM INC	$31.49B	36.20%	14.80%	31.68%	28.80%	1.46	1.73	62.50%	20.10%	26.13%
IRMD	IRADIMED CORP	$1.16B	24.50%	21.30%	29.51%	71.00%	0.16	7.13	76.80%	27.40%	34.98%
MDT	MEDTRONIC PLC	$109.30B	9.80%	5.20%	8.38%	12.30%	0.87	2.13	65.00%	13.20%	18.74%
GMED	GLOBUS MEDICAL INC	$10.70B	13.00%	11.30%	13.06%	29.00%	0.15	4.56	67.90%	18.90%	20.89%
AXGN	AXOGEN INC	$2.27B	-17.90%	-13.00%	-10.70%	-14.20%	0.19	6.60	74.60%	-13.40%	-11.70%
VREX	VAREX IMAGING CORP	$471.10M	-17.60%	-7.60%	-3.52%	-3.30%	1.27	3.20	33.60%	-9.60%	-3.67%
BWAY	BRAINSWAY LTD	$596.50M	12.20%	7.70%	11.56%	36.60%	0.54	3.34	75.50%	15.60%	19.21%
LMRI	LUMEXA IMAGING HOLDINGS INC	$1.00B	N/A	N/A	N/A	N/A	1.94	1.41	N/A	N/A	N/A
IRTC	IRHYTHM HOLDINGS INC	$3.85B	-20.60%	-2.80%	-1.58%	-1.00%	5.24	5.17	71.00%	-3.50%	-1.75%
NVCR	NOVOCURE LTD	$1.73B	-44.00%	-15.90%	-26.88%	-19.50%	1.35	2.89	76.10%	-21.20%	-22.08%
STE	STERIS PLC	$22.29B	11.10%	7.40%	11.52%	20.70%	0.49	2.09	44.20%	13.20%	18.62%
ATEC	ALPHATEC HOLDINGS INC	$1.46B	-1,183.80%	-15.80%	-13.50%	-8.80%	-150.52	1.90	70.20%	-15.90%	-9.59%
APYX	APYX MEDICAL CORP	$171.68M	-90.60%	-14.90%	-6.02%	-5.30%	3.89	5.80	63.20%	-16.40%	-5.77%
EW	EDWARDS LIFESCIENCES CORP	$49.56B	10.60%	8.20%	11.26%	19.70%	0.29	4.42	77.90%	17.40%	21.28%
BSX	BOSTON SCIENTIFIC CORP	$69.46B	14.90%	8.30%	10.32%	18.10%	0.71	1.90	69.20%	17.30%	19.91%
DCTH	DELCATH SYSTEMS INC	$421.85M	0.50%	0.50%	1.71%	2.70%	0.11	11.24	86.00%	0.60%	2.16%
MASS	908 DEVICES INC	$302.89M	-25.60%	-19.00%	-24.58%	-64.80%	0.39	3.58	51.50%	-62.40%	-62.52%
SYK	STRYKER CORP	$124.93B	16.40%	7.90%	14.65%	22.10%	1.00	2.16	65.00%	14.40%	23.39%
SIBN	SI-BONE INC	$787.64M	-9.60%	-7.10%	-6.39%	-6.50%	0.36	9.99	79.60%	-8.10%	-6.86%
AORT	ARTIVION INC	$1.30B	2.70%	1.30%	5.28%	7.30%	0.96	3.86	64.60%	2.50%	9.09%
SGHT	SIGHT SCIENCES INC	$286.20M	-59.10%	-32.20%	-35.09%	-64.20%	1.04	5.86	86.20%	-46.80%	-40.38%
MOVE	CORVEX INC	$21.43M	-12.70%	-11.70%	-2.55%	-147.40%	0.05	2.14	-190.80%	-2,475.60%	-2,031.07%
BFLY	BUTTERFLY NETWORK INC	$1.89B	-38.40%	-25.90%	-32.72%	-72.60%	0.49	4.06	52.60%	-66.70%	-65.48%
INMD	INMODE LTD	$959.89M	13.30%	11.80%	15.18%	26.70%	0.14	8.80	77.80%	23.30%	27.28%
ABT	ABBOTT LABORATORIES	$182.90B	10.40%	5.60%	9.06%	14.90%	1.11	1.38	56.60%	11.60%	17.77%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$2.72B	-225.90%	-12.70%	-9.27%	-5.80%	22.75	2.96	70.10%	-19.10%	-10.82%
MXCT	MAXCYTE INC	$112.48M	-22.00%	-18.80%	-21.23%	-20.10%	0.16	12.04	80.50%	-121.20%	-121.16%
UFPT	UFP TECHNOLOGIES INC	$1.97B	16.60%	10.50%	15.49%	23.90%	0.54	2.91	28.40%	11.30%	15.20%
HSDT	SOLANA CO	$96.34M	-155.30%	-55.40%	-68.83%	-65.20%	0.01	9.90	94.20%	-1,427.10%	-1,420.59%
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%
NPCE	NEUROPACE INC	$439.47M	-120.70%	-20.60%	-17.82%	-10.70%	5.84	5.38	78.30%	-21.70%	-14.81%
SNWV	SANUWAVE HEALTH INC	$53.06M	-450.60%	44.90%	112.15%	150.60%	19.18	1.31	76.70%	36.20%	47.55%
PROF	PROFOUND MEDICAL CORP	$268.17M	-78.90%	-64.10%	-63.11%	-257.10%	0.24	6.56	71.10%	-206.80%	-210.83%
OFIX	ORTHOFIX MEDICAL INC	$476.98M	-13.40%	-7.00%	-5.63%	-7.70%	1.04	2.87	70.70%	-7.30%	-4.95%
ITGR	INTEGER HOLDINGS CORP	$4.12B	8.20%	4.20%	6.14%	7.70%	1.01	3.76	26.40%	7.60%	10.61%
TLSI	TRISALUS LIFE SCIENCES INC	$278.83M	N/A	-125.50%	-36.38%	-57.00%	4.54	5.78	85.10%	-128.70%	-47.98%
HYPR	HYPERFINE INC	$92.92M	-101.30%	-68.80%	-69.14%	-274.80%	0.76	5.52	51.20%	-226.90%	-226.34%
KIDS	ORTHOPEDIATRICS CORP	$518.58M	-11.40%	-7.90%	-7.17%	-9.20%	0.48	5.21	73.10%	-16.30%	-13.40%
PEN	PENUMBRA INC	$12.65B	11.10%	8.60%	11.71%	13.90%	0.29	5.75	67.80%	10.70%	13.54%
INGN	INOGEN INC	$174.63M	-12.90%	-8.30%	-11.41%	-23.40%	0.56	3.10	44.30%	-7.10%	-7.28%
CV	CAPSOVISION INC	$328.76M	N/A	-136.00%	-130.93%	-582.90%	0.28	4.57	51.70%	-198.90%	-198.69%
SI	SHOULDER INNOVATIONS INC	$471.59M	-51.30%	-30.10%	-30.27%	-38.10%	0.21	11.81	76.80%	-81.80%	-83.14%
LUNG	PULMONX CORP	$68.85M	-92.90%	-39.80%	-48.70%	-51.40%	1.62	4.91	75.50%	-60.10%	-55.59%
INSP	INSPIRE MEDICAL SYSTEMS INC	$1.45B	18.00%	15.30%	7.80%	9.40%	0.15	6.34	85.80%	14.30%	7.00%
CBLL	CERIBELL INC	$671.21M	-38.20%	-30.90%	-36.15%	-35.80%	0.27	10.44	87.70%	-63.50%	-61.56%
CTKB	CYTEK BIOSCIENCES INC	$544.98M	-20.80%	-15.60%	-9.90%	-12.30%	0.37	4.69	51.70%	-36.20%	-17.85%
QTRX	QUANTERIX CORP	$163.93M	-35.20%	-26.00%	-33.59%	-54.30%	0.30	3.72	44.20%	-71.90%	-73.39%
ECOR	ELECTROCORE INC	$50.48M	N/A	-87.70%	-467.09%	-169.10%	-3.72	1.02	87.20%	-44.10%	-42.42%
ALMR	ALAMAR BIOSCIENCES INC	$1.76B	N/A	N/A	N/A	N/A	-0.73	5.88	N/A	N/A	N/A
SSII	SS INNOVATIONS INTERNATIONAL INC	$796.52M	-23.00%	-13.20%	-7.59%	-9.80%	0.66	2.54	49.10%	-20.70%	-10.11%
TMCI	TREACE MEDICAL CONCEPTS INC	$279.60M	-69.50%	-31.40%	-37.07%	-28.20%	1.39	3.58	79.70%	-29.40%	-26.75%
BIO	BIO-RAD LABORATORIES INC	$8.71B	2.40%	1.70%	3.06%	2.90%	0.43	3.21	51.90%	6.50%	10.49%
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%
QDEL	QUIDELORTHO CORP	$1.14B	-56.30%	-20.70%	-21.21%	-20.60%	2.04	1.43	45.00%	-45.60%	-37.25%
CVRX	CVRX INC	$137.32M	-120.80%	-48.40%	-51.81%	-68.50%	2.43	10.20	86.20%	-89.10%	-79.14%
NUWE	NUWELLIS INC	$133.27k	-32,691.80%	-251.70%	-262.80%	-508.70%	1.61	1.56	65.50%	-217.20%	-96.83%
RCEL	AVITA MEDICAL INC	$135.42M	N/A	-78.90%	265.45%	-176.80%	-3.23	0.48	81.40%	-62.70%	-55.50%
MOBI	MOBIA MEDICAL INC	$371.72M	N/A	N/A	N/A	N/A	-0.37	6.06	N/A	N/A	N/A
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$205.00	-6.80%	-3.10%	-2.12%	-2.00%	0.65	1.71	23.80%	-10.90%	-4.57%
MYO	MYOMO INC	$39.03M	-114.90%	-40.80%	-48.63%	-46.30%	3.08	2.73	66.00%	-36.70%	-32.30%
NNOX	NANO-X IMAGING LTD	$68.21M	-51.90%	-45.50%	-59.78%	-150.10%	0.15	3.64	-84.90%	-523.80%	-542.14%
MDAI	SPECTRAL AI INC	$49.33M	N/A	-78.80%	362.42%	423.10%	-3.01	0.75	46.00%	-82.00%	-75.74%
CODX	CO-DIAGNOSTICS INC	$5.19M	-164.90%	-141.20%	-291.20%	-1,036.40%	0.34	2.28	45.10%	-6,753.70%	-6,980.30%
LUCD	LUCID DIAGNOSTICS INC	$177.07M	-478.50%	-139.90%	-958.27%	-1,216.20%	7.52	1.07	-31.40%	-1,133.20%	-876.33%
OM	OUTSET MEDICAL INC	$84.72M	-55.90%	-27.70%	-28.45%	-20.50%	1.23	6.29	40.60%	-63.70%	-51.25%
CLPT	CLEARPOINT NEURO INC	$448.04M	-141.00%	-37.00%	-30.08%	-37.70%	3.96	5.79	62.30%	-71.60%	-62.17%
BBNX	BETA BIONICS INC	$577.22M	-26.30%	-23.20%	-27.40%	-28.20%	0.14	8.88	58.30%	-61.30%	-61.32%
BJDX	BLUEJAY DIAGNOSTICS INC	$889.86k	-144.30%	-115.00%	-164.95%	-802.80%	0.34	2.81	N/A	N/A	N/A
RXST	RXSIGHT INC	$248.79M	-17.00%	-15.10%	-16.83%	-17.40%	0.14	10.20	77.00%	-36.60%	-36.53%
CATX	PERSPECTIVE THERAPEUTICS INC	$331.87M	-41.80%	-34.60%	-29.42%	-50.50%	0.18	8.75	100.00%	-17,982.70%	-18,053.88%
ICCM	ICECURE MEDICAL LTD	$7.82M	-211.70%	-119.10%	-184.54%	-1,142.50%	0.57	2.52	36.50%	-441.60%	-439.94%
RPID	RAPID MICRO BIOSYSTEMS INC	$98.34M	-131.50%	-67.50%	-112.71%	-84.20%	2.06	2.58	2.90%	-145.80%	-141.75%
TMDX	TRANSMEDICS GROUP INC	$2.64B	41.90%	15.80%	7.95%	9.40%	1.90	6.74	59.10%	27.00%	16.80%
LNSR	LENSAR INC	$60.64M	-183.20%	42.30%	60.70%	114.00%	3.86	2.38	45.70%	50.90%	50.94%
PRCT	PROCEPT BIOROBOTICS CORP	$1.06B	-27.70%	-20.30%	-26.18%	-45.70%	0.40	6.73	64.00%	-31.80%	-34.43%
STEX	STREAMEX CORP	$74.04M	-719.70%	-337.20%	-290.97%	1,449.50%	0.09	13.90	N/A	N/A	N/A
SENS	SENSEONICS HOLDINGS INC	$210.27M	-130.00%	-67.20%	-107.76%	-71.70%	2.00	3.51	52.10%	-214.20%	-202.58%
ITOC	ITONIC HOLDINGS LTD	$4.60M	-82.80%	-64.50%	-59.05%	-319.70%	0.16	8.83	62.60%	-974.70%	-974.68%
ADGM	ADAGIO MEDICAL HOLDINGS INC	$8.40M	-382.50%	-65.00%	-69.45%	-110.10%	5.87	1.85	N/A	N/A	N/A
AMIX	AUTONOMIX MEDICAL INC	$1.87M	-239.40%	-192.50%	-283.55%	1,318.50%	0.29	4.45	N/A	N/A	N/A
AIDX	20/20 BIOLABS INC	$4.51M	N/A	N/A	N/A	N/A	1.19	1.82	N/A	N/A	N/A
AIMD	AINOS INC	$11.34M	-160.60%	-62.30%	-84.12%	-123.30%	2.88	0.56	79.20%	-76,996.20%	-73,080.76%

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. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #1 top medical device stock out of 134 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: A, 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 101.99% over the past year, overperforming other medical device stocks by 201 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 13.9% from Bioventus's current stock price of $13.17.

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 134 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 52, which is 22 points higher than the medical device industry average of 30.

ELMD passed 18 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 123.67% over the past year, overperforming other medical device stocks by 223 percentage points.

Electromed has an average 1 year price target of $38.00, a downside of -6.7% from Electromed's current stock price of $40.73.

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 134 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: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 68, which is 38 points higher than the medical device industry average of 30.

TCMD passed 22 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 182.26% over the past year, overperforming other medical device stocks by 282 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 39.63% from Tactile Systems Technology's current stock price of $28.17.

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 3.85%, 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 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 2.44%, 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 52.8% 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 -0.51% in the last day, and up 3.59% over the last week. Nuwellis was the among the top losers in the medical devices industry, dropping -60.9% yesterday.

Nuwellis shares are trading lower after the company announced the pricing of its $3.4 million offering of 1,310,890 shares at $2.59 per share.

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 10.83% in the past year. It has overperformed other stocks in the medical device industry by 110 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 -9.48% in the past year. It has overperformed other stocks in the medical device industry by 90 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 0.38% 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?

64.65% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 28.68% over the next year.

9.47% of medical device stocks have a Zen Rating of A (Strong Buy), 18.95% of medical device stocks are rated B (Buy), 52.63% are rated C (Hold), 16.84% are rated D (Sell), and 2.11% 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 22.01x.

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. Bioventus (NASDAQ:BVS)

2. Electromed (NYSEMKT:ELMD)

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. Bioventus (NASDAQ:BVS)

2. Electromed (NYSEMKT:ELMD)

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.