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 B and is the 57th 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
ANIK	ANIKA THERAPEUTICS INC	$273.01M	-2.70%	-2.00%	-2.22%	-2.80%	0.34	4.48	62.20%	-3.10%	-2.96%
AXGN	AXOGEN INC	$3.07B	-11.30%	-9.30%	-5.74%	-14.70%	0.11	12.02	74.20%	-12.00%	-11.05%
LIVN	LIVANOVA PLC	$5.19B	15.40%	7.30%	7.43%	23.90%	0.99	1.45	68.10%	12.80%	9.77%
GKOS	GLAUKOS CORP	$14.60B	-24.90%	-18.40%	-19.90%	-28.20%	0.37	4.57	64.80%	-24.60%	-24.58%
ELMD	ELECTROMED INC	$234.34M	23.40%	19.30%	26.57%	45.30%	0.23	4.69	78.50%	15.30%	19.46%
VMD	VIEMED HEALTHCARE INC	$385.07M	10.30%	7.20%	14.12%	21.60%	0.41	1.13	57.50%	4.80%	7.32%
STE	STERIS PLC	$24.17B	11.30%	7.60%	12.13%	21.50%	0.49	1.91	44.40%	13.30%	18.99%
BVS	BIOVENTUS INC	$962.26M	27.20%	8.50%	9.80%	13.40%	1.59	1.68	68.70%	9.80%	8.63%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.15B	1.20%	0.40%	3.60%	3.50%	2.29	3.62	52.40%	0.80%	6.91%
DCTH	DELCATH SYSTEMS INC	$514.24M	0.50%	0.40%	2.07%	3.40%	0.13	9.83	87.10%	0.60%	2.68%
DXCM	DEXCOM INC	$33.00B	36.50%	15.40%	32.13%	29.20%	1.46	1.74	63.40%	19.40%	25.09%
UFPT	UFP TECHNOLOGIES INC	$2.55B	16.70%	10.90%	15.97%	24.90%	0.48	3.00	28.50%	11.40%	15.26%
GMED	GLOBUS MEDICAL INC	$11.69B	11.60%	10.00%	12.83%	27.90%	0.15	4.62	68.50%	17.00%	20.44%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$608.87M	10.70%	8.50%	14.82%	36.70%	0.28	3.51	77.00%	6.70%	10.14%
ENOV	ENOVIS CORP	$1.41B	-68.20%	-27.80%	-32.89%	-39.00%	1.55	1.99	61.10%	-48.00%	-45.17%
CNMD	CONMED CORP	$1.60B	7.10%	3.20%	7.50%	10.20%	1.17	1.49	57.60%	5.40%	10.11%
EW	EDWARDS LIFESCIENCES CORP	$57.14B	9.70%	7.40%	11.83%	21.40%	0.29	4.60	78.00%	15.30%	22.27%
BWAY	BRAINSWAY LTD	$449.85M	12.70%	8.10%	11.96%	34.40%	0.54	3.59	75.30%	15.60%	19.57%
BRKR	BRUKER CORP	$9.72B	-4.40%	-1.70%	-0.06%	-0.10%	1.52	1.85	46.40%	-3.10%	-0.08%
SIBN	SI-BONE INC	$1.13B	-7.60%	-5.50%	-4.96%	-5.00%	0.39	7.59	79.40%	-6.20%	-5.10%
PODD	INSULET CORP	$11.44B	26.70%	12.10%	22.86%	21.40%	1.23	2.49	71.10%	12.30%	18.12%
CERS	CERUS CORP	$487.72M	-10.50%	-3.40%	-0.13%	-0.10%	1.70	1.96	56.70%	-2.90%	-0.06%
PHG	KONINKLIJKE PHILIPS NV	$29.91B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
NVCR	NOVOCURE LTD	$1.71B	-35.80%	-15.10%	-22.32%	-17.70%	1.36	2.49	77.00%	-16.80%	-17.17%
SGHT	SIGHT SCIENCES INC	$533.25M	-50.60%	-26.70%	-29.20%	-50.00%	0.98	4.95	88.00%	-35.70%	-29.55%
LMRI	LUMEXA IMAGING HOLDINGS INC	$1.26B	N/A	N/A	N/A	N/A	1.94	1.44	N/A	N/A	N/A
CTKB	CYTEK BIOSCIENCES INC	$764.30M	-23.50%	-17.40%	-11.43%	-14.60%	0.39	4.48	53.20%	-39.00%	-20.05%
SNN	SMITH & NEPHEW PLC	$14.25B	11.70%	5.80%	10.25%	11.90%	1.13	2.14	68.00%	10.10%	14.91%
ZBH	ZIMMER BIOMET HOLDINGS INC	$20.85B	6.10%	3.30%	5.85%	9.40%	0.85	1.46	69.70%	9.00%	13.67%
MDT	MEDTRONIC PLC	$134.26B	10.60%	5.70%	8.94%	13.10%	0.85	2.07	65.00%	13.90%	19.41%
ALGN	ALIGN TECHNOLOGY INC	$11.71B	10.10%	6.60%	12.62%	20.30%	0.52	1.40	68.00%	10.00%	13.74%
IRMD	IRADIMED CORP	$1.13B	23.90%	20.90%	28.10%	71.50%	0.14	8.99	75.50%	26.80%	34.83%
IRTC	IRHYTHM HOLDINGS INC	$4.42B	-9.00%	-1.40%	0.02%	0.00%	4.88	3.86	71.50%	-1.70%	0.03%
BFLY	BUTTERFLY NETWORK INC	$1.81B	-28.20%	-18.60%	-23.81%	-51.70%	0.56	3.58	70.30%	-43.60%	-42.50%
LUNG	PULMONX CORP	$123.25M	-98.20%	-35.90%	-42.18%	-40.90%	2.22	4.05	77.40%	-47.90%	-42.51%
ABT	ABBOTT LABORATORIES	$200.06B	9.00%	4.50%	8.21%	12.40%	1.10	1.46	56.90%	9.70%	15.67%
QDEL	QUIDELORTHO CORP	$984.06M	-55.30%	-18.40%	-17.52%	-16.80%	2.22	1.39	44.60%	-39.20%	-30.93%
TMCI	TREACE MEDICAL CONCEPTS INC	$292.66M	-74.10%	-31.60%	-38.48%	-28.30%	1.67	2.90	79.50%	-29.00%	-26.15%
LNSR	LENSAR INC	$71.75M	-529.10%	50.00%	69.51%	129.40%	2.74	2.39	48.30%	57.60%	57.58%
RCEL	AVITA MEDICAL INC	$504.73M	N/A	-78.50%	179.86%	-185.10%	-2.72	0.41	81.60%	-57.00%	-49.79%
SYK	STRYKER CORP	$129.30B	15.60%	7.70%	15.11%	22.60%	1.01	2.18	65.30%	13.80%	23.40%
ATEC	ALPHATEC HOLDINGS INC	$1.28B	N/A	-10.90%	-6.90%	-4.80%	-347.11	2.36	71.30%	-10.30%	-5.06%
MXCT	MAXCYTE INC	$143.46M	-21.00%	-17.90%	-20.39%	-19.10%	0.16	12.26	79.20%	-114.80%	-114.77%
MYO	MYOMO INC	$51.49M	-142.00%	-40.10%	-49.65%	-40.40%	5.06	2.31	68.40%	-33.50%	-28.39%
KIDS	ORTHOPEDIATRICS CORP	$874.96M	-9.90%	-6.70%	-5.38%	-6.90%	0.50	4.55	73.80%	-12.80%	-9.24%
OFIX	ORTHOFIX MEDICAL INC	$395.92M	-14.10%	-7.20%	-5.52%	-7.30%	1.03	2.84	71.30%	-7.40%	-4.74%
INMD	INMODE LTD	$836.42M	11.80%	10.40%	14.19%	26.90%	0.15	8.18	76.50%	20.70%	24.28%
BIO	BIO-RAD LABORATORIES INC	$10.16B	3.20%	2.20%	4.30%	4.20%	0.43	3.14	51.90%	8.60%	15.42%
INGN	INOGEN INC	$191.61M	-13.20%	-8.40%	-11.79%	-23.70%	0.63	2.74	44.50%	-6.90%	-7.14%
MASS	908 DEVICES INC	$457.56M	-25.60%	-18.10%	-23.53%	-73.80%	0.56	2.67	52.20%	-57.00%	-57.28%
PEN	PENUMBRA INC	$12.71B	10.40%	8.10%	11.60%	13.50%	0.28	5.89	68.00%	10.10%	13.32%
INSP	INSPIRE MEDICAL SYSTEMS INC	$1.93B	12.50%	10.90%	3.62%	4.20%	0.15	6.45	86.20%	11.40%	3.51%
ECOR	ELECTROCORE INC	$75.73M	N/A	-81.30%	-257.31%	-154.50%	-7.12	1.21	87.10%	-40.00%	-37.52%
OM	OUTSET MEDICAL INC	$83.46M	-62.30%	-28.80%	-30.04%	-21.10%	1.52	5.19	41.80%	-63.10%	-50.62%
BSX	BOSTON SCIENTIFIC CORP	$66.41B	13.90%	7.80%	10.23%	16.70%	0.76	1.37	69.10%	16.60%	19.18%
NPCE	NEUROPACE INC	$457.89M	-119.70%	-18.70%	-16.10%	-9.30%	7.16	4.94	79.60%	-19.30%	-12.96%
ALMR	ALAMAR BIOSCIENCES INC	$1.90B	N/A	N/A	N/A	N/A	0.25	11.85	N/A	N/A	N/A
SI	SHOULDER INNOVATIONS INC	$437.41M	-25.70%	-21.20%	-26.34%	-26.80%	0.22	10.71	77.30%	-58.30%	-61.04%
LAB	STANDARD BIOTOOLS INC	$244.77M	25.60%	21.60%	16.65%	27.80%	0.14	9.75	52.20%	157.60%	115.22%
AHCO	ADAPTHEALTH CORP	$998.00M	-28.90%	-9.40%	-9.90%	-11.20%	2.42	1.13	15.90%	-12.90%	-10.86%
CBLL	CERIBELL INC	$1.06B	-54.50%	-42.40%	-52.25%	-52.20%	0.33	8.18	89.30%	-68.00%	-66.49%
SNWV	SANUWAVE HEALTH INC	$49.29M	1,728.10%	39.00%	97.60%	89.70%	12.13	1.28	76.30%	32.60%	40.97%
HSCS	HEARTSCIENCES INC	$14.88M	-816.20%	-182.00%	498.69%	-1,302.50%	-2.84	0.14	60.90%	-227,024.20%	-209,219.10%
APYX	APYX MEDICAL CORP	$109.10M	-78.70%	-13.90%	-5.05%	-4.20%	4.69	5.68	63.50%	-14.80%	-4.47%
TNDM	TANDEM DIABETES CARE INC	$1.33B	-46.00%	-6.20%	-5.79%	-4.20%	7.85	3.18	56.00%	-6.10%	-5.01%
MOBI	MOBIA MEDICAL INC	$374.19M	N/A	N/A	N/A	N/A	0.13	13.28	N/A	N/A	N/A
CV	CAPSOVISION INC	$342.82M	-177.80%	-135.10%	-222.24%	-693.70%	0.41	3.35	50.90%	-214.70%	-214.56%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$1.99B	-203.90%	-11.10%	-6.93%	-4.50%	15.29	3.84	70.50%	-15.80%	-8.10%
CLPT	CLEARPOINT NEURO INC	$325.67M	-170.20%	-37.00%	-29.32%	-32.60%	3.13	6.76	61.40%	-79.40%	-66.29%
NUWE	NUWELLIS INC	$2.14M	-634.20%	-150.00%	-102.50%	-314.40%	-5.44	1.97	69.70%	-125.60%	-58.20%
RXST	RXSIGHT INC	$209.23M	-20.10%	-16.30%	-20.05%	-20.80%	0.34	4.20	76.10%	-43.80%	-43.68%
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$792.62M	-4,961.70%	-16.80%	-18.04%	-12.00%	-23.64	4.92	36.40%	-82.50%	-77.37%
MDAI	SPECTRAL AI INC	$49.24M	N/A	-54.60%	2,019.40%	379.00%	-2.61	0.90	42.90%	-65.50%	-56.81%
PROF	PROFOUND MEDICAL CORP	$261.57M	-63.00%	-51.20%	-62.28%	-188.00%	0.25	6.46	71.80%	-171.60%	-173.83%
TLSI	TRISALUS LIFE SCIENCES INC	$239.53M	N/A	-114.40%	-43.61%	-59.10%	8.53	5.35	85.80%	-130.20%	-49.61%
VJET	FLYTE AVIATION INC	$805.95k	-133.00%	-48.10%	-56.11%	-154,588.20%	1.12	0.19	47.70%	-711.50%	-686.16%
SSII	SS INNOVATIONS INTERNATIONAL INC	$454.87M	-26.80%	-15.00%	-10.79%	-12.90%	0.82	2.24	47.60%	-23.70%	-13.40%
QTRX	QUANTERIX CORP	$143.77M	-43.60%	-31.80%	-46.54%	-69.40%	0.35	3.40	42.70%	-80.20%	-81.68%
CVRX	CVRX INC	$42.09M	-152.40%	-50.90%	-56.61%	-64.80%	3.63	8.05	86.90%	-84.90%	-75.09%
HYPR	HYPERFINE INC	$79.54M	-100.30%	-63.30%	-64.15%	-225.70%	0.71	6.15	51.40%	-210.80%	-207.03%
CATX	PERSPECTIVE THERAPEUTICS INC	$99.31M	-41.60%	-34.10%	-32.89%	-50.20%	0.21	6.61	100.00%	-28,468.00%	-28,587.29%
TNON	TENON MEDICAL INC	$1.27M	-548.40%	-124.80%	-783.49%	-665.90%	-6.69	0.58	66.80%	-257.90%	-238.50%
PRCT	PROCEPT BIOROBOTICS CORP	$1.24B	-30.60%	-22.10%	-28.45%	-47.50%	0.41	6.55	64.20%	-32.50%	-35.01%
NVNO	ENVVENO MEDICAL CORP	$4.86M	-70.30%	-63.60%	-92.02%	-77.60%	0.15	7.35	N/A	N/A	N/A
AMIX	AUTONOMIX MEDICAL INC	$1.56M	-267.70%	-216.70%	-509.36%	1,690.00%	0.26	4.85	N/A	N/A	N/A
SENS	SENSEONICS HOLDINGS INC	$476.92M	-165.80%	-80.20%	-68.50%	-86.00%	0.96	6.75	54.90%	-225.30%	-214.69%
BJDX	BLUEJAY DIAGNOSTICS INC	$2.56M	-125.00%	-99.80%	-77.20%	-1,294.50%	0.23	4.64	N/A	N/A	N/A
TMDX	TRANSMEDICS GROUP INC	$2.52B	33.00%	12.30%	6.87%	7.00%	1.83	6.63	58.70%	22.70%	14.03%
ICCM	ICECURE MEDICAL LTD	$2.14M	-174.30%	-112.60%	-140.33%	-1,210.30%	0.49	2.88	36.10%	-427.70%	-423.69%
RPID	RAPID MICRO BIOSYSTEMS INC	$34.16M	-177.00%	-73.10%	-121.03%	-83.30%	2.29	2.55	5.50%	-145.60%	-138.66%
TELA	TELA BIO INC	$37.62M	N/A	-60.40%	-81.76%	-53.50%	-4.77	2.99	67.80%	-51.50%	-42.48%
AORT	ARTIVION INC	$1.29B	-0.70%	-0.30%	2.75%	4.40%	1.41	3.47	64.40%	-0.70%	5.62%
AEMD	AETHLON MEDICAL INC	$4.09M	-123.10%	-99.30%	-133.15%	-2,420.30%	0.20	5.42	N/A	N/A	N/A
PMI	PICARD MEDICAL INC	$16.81M	-931.20%	-198.30%	-1,484.67%	-1,743.20%	4.34	1.02	18.60%	-444.30%	-404.40%
MODD	MODULAR MEDICAL INC	$13.61M	-292.10%	-222.80%	-260.35%	-479.00%	0.14	3.25	N/A	N/A	N/A
PFSA	PROFUSA INC	$373.68k	N/A	-1,731.10%	157.56%	468.20%	-1.04	0.03	N/A	N/A	N/A
BBNX	BETA BIONICS INC	$921.52M	-27.30%	-24.30%	-20.23%	-30.40%	0.11	8.92	58.60%	-65.30%	-65.31%
MBOT	MICROBOT MEDICAL INC	$76.57M	-21.90%	-20.80%	-23.52%	-22.80%	0.06	18.56	-185.30%	-4,722.30%	-4,722.25%
NNOX	NANO-X IMAGING LTD	$19.63M	-94.30%	-81.20%	-154.49%	-258.00%	0.26	2.84	-337.50%	-747.20%	-765.61%
LUCD	LUCID DIAGNOSTICS INC	$90.44M	-503.00%	-156.00%	-457.05%	-1,674.50%	2.56	1.33	-21.70%	-1,193.90%	-959.43%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Nov 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. Anika Therapeutics (NASDAQ:ANIK)

Anika Therapeutics (NASDAQ:ANIK) is the #1 top medical device stock out of 132 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 Anika Therapeutics (NASDAQ:ANIK) is: Value: C, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.

Anika Therapeutics (NASDAQ:ANIK) has a Due Diligence Score of 26, which is -4 points lower than the medical device industry average of 30. Although this number is below the industry average, our proven quant model rates ANIK as a "A".

ANIK passed 8 out of 33 due diligence checks and has average fundamentals. Anika Therapeutics has seen its stock return 111.84% over the past year, overperforming other medical device stocks by 202 percentage points.

Anika Therapeutics has an average 1 year price target of $22.00, an upside of 7.84% from Anika Therapeutics's current stock price of $20.40.

Anika Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Anika Therapeutics, 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. Axogen (NASDAQ:AXGN)

Axogen (NASDAQ:AXGN) is the #2 top medical device stock out of 132 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 Axogen (NASDAQ:AXGN) is: Value: C, Growth: A, Momentum: C, Sentiment: A, Safety: C, Financials: C, and AI: B.

Axogen (NASDAQ:AXGN) has a Due Diligence Score of 34, which is 4 points higher than the medical device industry average of 30.

AXGN passed 11 out of 33 due diligence checks and has average fundamentals. Axogen has seen its stock return 116.03% over the past year, overperforming other medical device stocks by 206 percentage points.

Axogen has an average 1 year price target of $56.44, an upside of 9.92% from Axogen's current stock price of $51.35.

Axogen stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Axogen, 55.56% have issued a Strong Buy rating, 44.44% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Livanova (NASDAQ:LIVN)

Livanova (NASDAQ:LIVN) is the #3 top medical device stock out of 132 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 Livanova (NASDAQ:LIVN) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: C.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 40, which is 10 points higher than the medical device industry average of 30.

LIVN passed 13 out of 33 due diligence checks and has average fundamentals. Livanova has seen its stock return 74.62% over the past year, overperforming other medical device stocks by 164 percentage points.

Livanova has an average 1 year price target of $90.88, a downside of -3.52% from Livanova's current stock price of $94.19.

Livanova stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Livanova, 37.5% have issued a Strong Buy rating, 37.5% 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 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 3.26%, which is 2 percentage points higher than the medical device industry average of 1.59%. 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 2.41%, which is 1 percentage points higher than the medical device industry average of 1.59%. 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 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 2.18%, which is 1 percentage points higher than the medical device industry average of 1.59%. 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 93.7% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 6.73% in the last day, and up 7.21% over the last week. Livanova was the among the top gainers in the medical devices industry, gaining 17.88% yesterday.

LivaNova shares are trading higher after the company reported better-than-expected Q3 financial results and raised 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 55 points higher than the medical device industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -2.94% in the past year. It has overperformed other stocks in the medical device industry by 87 percentage points.

2. Integra Lifesciences Holdings (NASDAQ:IART)

Integra Lifesciences Holdings (NASDAQ:IART) 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.

Integra Lifesciences Holdings has a valuation score of 57, which is 41 points higher than the medical device industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Integra Lifesciences Holdings's stock has gained 31.15% in the past year. It has overperformed other stocks in the medical device industry by 121 percentage points.

3. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) 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.

Conmed has a valuation score of 57, which is 41 points higher than the medical device industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has gained 17.39% in the past year. It has overperformed other stocks in the medical device industry by 107 percentage points.

Are medical device stocks a good buy now?

53.61% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 13.67% over the next year.

5.1% of medical device stocks have a Zen Rating of A (Strong Buy), 23.47% of medical device stocks are rated B (Buy), 51.02% are rated C (Hold), 18.37% are rated D (Sell), and 2.04% 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 25.59x.

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. Anika Therapeutics (NASDAQ:ANIK)

2. Axogen (NASDAQ:AXGN)

3. Livanova (NASDAQ:LIVN)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Integra Lifesciences Holdings (NASDAQ:IART)

3. Conmed (NYSE:CNMD)

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. Anika Therapeutics (NASDAQ:ANIK)

2. Axogen (NASDAQ:AXGN)

3. Livanova (NASDAQ:LIVN)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Integra Lifesciences Holdings (NASDAQ:IART)

3. Conmed (NYSE:CNMD)

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.