Sectors & Industries HealthcareMedical 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.

Industry: Medical Devices

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	Price	1d %	1w %	1m %	3m %	6m %	1y %	3y %	5y %	10y %	52-week High	52-week Low	% off 52-week High	% off 52-week Low	Beta	Volume	Vol 1d %
INBS	INTELLIGENT BIO SOLUTIONS INC	$1.91	0.53%	15.06%	40.44%	-9.91%	29.05%	-11.57%	-98.60%	N/A	N/A	$3.00	$1.00	36.33%	91.00%	1.25	198,000	33.78%
SMLR	SEMLER SCIENTIFIC INC	$29.58	-3.77%	-10.31%	-19.40%	-9.32%	-55.96%	-22.81%	2.82%	-34.27%	757.39%	$81.56	$21.77	63.73%	35.88%	1.47	650,000	-20.44%
LUCD	LUCID DIAGNOSTICS INC	$1.29	-1.53%	0.00%	8.40%	0.78%	64.33%	74.56%	-32.46%	N/A	N/A	$1.80	$0.68	28.33%	89.43%	0.79	745,000	1.78%
LFWD	LIFEWARD LTD	$1.10	-3.51%	-9.09%	-22.54%	-31.25%	-33.33%	-75.77%	-83.29%	-90.53%	-99.95%	$4.77	$1.07	76.94%	2.80%	0.93	370,000	178.20%
NXL	NEXALIN TECHNOLOGY INC	$1.15	-5.35%	-10.85%	-3.36%	-41.03%	-70.96%	-16.67%	N/A	N/A	N/A	$4.49	$0.59	74.39%	94.59%	1.12	119,000	91.94%
HYPR	HYPERFINE INC	$0.72	-2.56%	-9.30%	3.14%	-21.61%	-27.80%	-21.35%	-69.28%	N/A	N/A	$1.90	$0.53	62.00%	35.46%	1.12	465,000	-62.04%
SINT	SINTX TECHNOLOGIES INC	$3.27	6.17%	15.14%	-1.15%	5.83%	5.48%	-30.87%	-99.96%	-99.98%	-100.00%	$8.60	$1.71	61.96%	91.23%	1.31	113,000	-53.11%
IVF	INVO FERTILITY INC	$1.31	-7.75%	-10.27%	-33.84%	-66.00%	-86.69%	-88.48%	-99.40%	N/A	N/A	$17.04	$1.30	92.31%	0.77%	1.05	91,000	52.68%
BMRA	BIOMERICA INC	$3.20	-3.61%	-5.33%	-8.44%	-30.13%	27.49%	-28.57%	-88.24%	-92.67%	N/A	$10.16	$1.93	68.50%	65.63%	0.77	59,300	573.86%
MODD	MODULAR MEDICAL INC	$0.77	-3.39%	-8.77%	-21.91%	-12.80%	-51.57%	-54.71%	-83.04%	N/A	N/A	$2.65	$0.68	70.94%	13.24%	0.46	56,700	-33.29%
CTSO	CYTOSORBENTS CORP	$1.09	1.87%	2.83%	25.29%	1.87%	7.92%	26.01%	-50.45%	-88.69%	-82.31%	$1.61	$0.70	32.30%	55.71%	0.86	69,400	197.85%
AEMD	AETHLON MEDICAL INC	$1.76	-10.66%	-30.21%	-46.89%	-47.93%	-38.65%	-67.98%	-97.65%	-98.45%	N/A	$8.44	$1.75	79.15%	0.57%	0.83	67,400	64.39%
XTNT	XTANT MEDICAL HOLDINGS INC	$0.62	-4.15%	-10.36%	4.36%	22.16%	70.68%	-14.19%	22.16%	-35.77%	-98.63%	$0.83	$0.33	25.21%	88.22%	0.39	19,300	-67.29%
BBLG	BONE BIOLOGICS CORP	$4.77	-9.68%	-83.47%	2.56%	-3.93%	-29.03%	-49.05%	-99.76%	-96.03%	N/A	$30.23	$3.42	84.22%	39.44%	0.93	37,000	7.87%
DHAI	DIH HOLDING US INC	$0.22	-1.78%	0.91%	16.32%	-30.94%	-84.21%	-91.26%	-97.77%	N/A	N/A	$3.67	$0.12	93.98%	84.17%	0.42	1,000,000	-29.87%
ICAD	ICAD INC	$3.68	-2.13%	-5.64%	-6.36%	68.04%	88.72%	137.42%	-8.91%	-68.49%	-4.91%	$4.02	$1.18	8.34%	211.86%	1.06	155,000	-48.33%
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$0.56	-2.09%	-3.44%	-12.73%	-44.90%	-26.05%	-40.97%	-38.98%	-86.62%	N/A	$1.39	$0.40	59.57%	42.28%	0.75	52,600	-27.45%
LNSR	LENSAR INC	$12.50	0.00%	-4.65%	-10.65%	-14.38%	65.56%	158.80%	92.01%	N/A	N/A	$17.31	$3.50	27.79%	257.14%	0.44	58,000	-53.97%
NSPR	INSPIREMD INC	$2.32	-7.20%	-7.20%	-4.53%	-19.16%	-21.36%	-10.77%	16.58%	-71.88%	-100.00%	$3.80	$2.07	38.92%	12.08%	0.49	126,000	847.37%
PAVM	PAVMED INC	$0.64	-5.90%	0.95%	-11.76%	4.59%	-16.60%	-42.52%	-95.46%	-98.13%	N/A	$1.90	$0.55	66.42%	16.00%	1.27	156,000	41.82%
NSYS	NORTECH SYSTEMS INC	$9.15	-0.11%	2.43%	1.67%	-4.49%	-20.43%	-16.95%	-16.06%	114.29%	110.34%	$15.55	$7.25	41.16%	26.21%	0.37	2,700	-95.71%
APYX	APYX MEDICAL CORP	$1.75	2.04%	4.79%	10.76%	68.27%	4.17%	19.86%	-71.86%	-63.08%	-36.59%	$1.95	$0.76	10.26%	131.79%	1.24	33,000	89.66%
MOVE	MOVANO INC	$0.66	-4.35%	1.23%	-49.23%	-75.65%	-89.78%	-89.45%	-98.07%	N/A	N/A	$6.97	$0.51	90.53%	29.16%	0.92	107,000	5.94%
AMIX	AUTONOMIX MEDICAL INC	$1.30	-5.11%	-12.16%	-29.73%	-36.59%	-59.25%	-95.78%	N/A	N/A	N/A	$42.40	$1.23	96.93%	5.69%	0.52	174,000	47.46%
AIMD	AINOS INC	$0.50	-8.03%	-23.52%	-6.67%	5.00%	14.55%	-38.54%	-98.07%	N/A	N/A	$1.07	$0.40	52.90%	26.00%	60.31	163,000	-4.68%
RBOT	VICARIOUS SURGICAL INC	$7.92	-8.97%	4.49%	0.25%	-10.91%	-44.23%	-15.65%	-91.78%	N/A	N/A	$19.00	$4.27	58.32%	85.48%	1.30	9,200	-54.46%
ADGM	ADAGIO MEDICAL HOLDINGS INC	$1.09	-7.63%	-14.17%	-14.84%	5.83%	-46.04%	-90.48%	-88.89%	N/A	N/A	$11.57	$0.63	90.58%	74.40%	0.01	24,500	-14.63%
HSDT	HELIUS MEDICAL TECHNOLOGIES INC	$0.51	-15.31%	-53.30%	-88.08%	-91.72%	-93.07%	-96.80%	-99.96%	-100.00%	-100.00%	$24.00	$0.48	97.88%	6.04%	1.13	9,453,000	-73.95%
CODX	CO-DIAGNOSTICS INC	$0.28	-5.15%	-8.00%	-23.76%	-42.26%	-66.83%	-83.76%	-94.52%	-98.42%	N/A	$2.23	$0.23	87.62%	21.05%	0.97	320,000	28.00%
ELUT	ELUTIA INC	$1.78	-5.82%	-6.32%	-6.32%	-45.23%	-57.00%	-54.01%	-71.50%	N/A	N/A	$5.24	$1.61	66.03%	10.56%	0.28	11,000	27.91%
HSCS	HEARTSCIENCES INC	$3.57	-0.75%	-0.20%	7.30%	17.34%	-5.18%	-32.71%	-97.90%	N/A	N/A	$5.77	$2.36	38.08%	51.40%	0.30	8,200	-67.84%
SSKN	STRATA SKIN SCIENCES INC	$2.26	0.62%	-6.83%	-11.22%	-16.76%	-24.41%	-25.53%	-77.58%	-82.17%	-97.12%	$3.80	$2.10	40.42%	7.81%	0.37	3,900	14.71%
VTAK	CATHETER PRECISION INC	$0.37	-15.12%	73.81%	18.89%	1.67%	3.11%	-93.11%	-99.76%	-100.00%	N/A	$8.40	$0.17	95.65%	121.21%	1.08	6,256,000	-66.32%
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$0.79	-4.82%	-5.95%	41.58%	27.21%	-85.53%	N/A	N/A	N/A	N/A	$8.45	$0.36	90.65%	118.84%	0.87	190,000	251.85%
XYLO	XYLO TECHNOLOGIES LTD	$4.96	-0.60%	2.48%	-2.75%	-4.43%	37.78%	1.64%	-82.78%	-93.67%	N/A	$6.67	$2.70	25.60%	83.70%	0.80	1,100	-78.43%
IRIX	IRIDEX CORP	$0.94	0.00%	-3.39%	-14.55%	-3.09%	-45.35%	-56.07%	-65.44%	-55.24%	-89.10%	$2.41	$0.78	60.96%	20.20%	0.83	186,000	569.06%
NUWE	NUWELLIS INC	$0.28	-11.15%	-30.77%	-72.07%	-75.74%	-76.36%	-95.97%	-99.99%	-100.00%	-100.00%	$8.23	$0.21	96.61%	32.23%	0.90	8,435,000	-36.35%
XAIR	BEYOND AIR INC	$0.18	-2.73%	-6.32%	-5.82%	-29.08%	-61.72%	-85.65%	-96.54%	-97.41%	N/A	$1.49	$0.16	88.01%	9.88%	1.00	1,299,000	-68.27%
COCH	ENVOY MEDICAL INC	$1.37	-4.86%	-10.16%	-15.43%	-5.52%	-30.10%	-49.07%	-86.02%	N/A	N/A	$3.99	$1.21	65.66%	13.22%	0.05	41,000	79.04%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jun 2025?

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. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) 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 Smith & Nephew (NYSE:SNN) is: Value: B, Growth: B, Momentum: B, Sentiment: B, Safety: A, Financials: B, and AI: C.

Smith & Nephew (NYSE:SNN) has a Due Diligence Score of 48, which is 21 points higher than the medical device industry average of 27.

SNN passed 17 out of 38 due diligence checks and has strong fundamentals. Smith & Nephew has seen its stock return 14.45% over the past year, overperforming other medical device stocks by 31 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -6.43% from Smith & Nephew's current stock price of $29.39.

Smith & Nephew stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Smith & Nephew, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Avanos Medical (NYSE:AVNS)

Avanos Medical (NYSE:AVNS) 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 Avanos Medical (NYSE:AVNS) is: Value: B, Growth: B, Momentum: F, Sentiment: B, Safety: C, Financials: B, and AI: C.

Avanos Medical (NYSE:AVNS) has a Due Diligence Score of 24, which is -3 points lower than the medical device industry average of 27. Although this number is below the industry average, our proven quant model rates AVNS as a "A".

AVNS passed 7 out of 33 due diligence checks and has weak fundamentals. Avanos Medical has seen its stock lose -38.3% over the past year, underperforming other medical device stocks by -22 percentage points.

3. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) 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 Electromed (NYSEMKT:ELMD) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: A, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 47, which is 20 points higher than the medical device industry average of 27.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 33.71% over the past year, overperforming other medical device stocks by 50 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 89.34% from Electromed's current stock price of $20.07.

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

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. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.55%, which is 1 percentage points higher than the medical device industry average of 1.18%. 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 79.4% indicates that its dividend yield is sustainable for the long-term.

2. Medtronic (NYSE:MDT)

Medtronic (NYSE:MDT) has an annual dividend yield of 2.41%, which is 1 percentage points higher than the medical device industry average of 1.18%. Medtronic's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Medtronic's dividend has shown consistent growth over the last 10 years.

Medtronic's dividend payout ratio of 84.3% 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 1.25%, which is the same as the medical device industry average of 1.18%. 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 21.9% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.21% in the last day, and down -2.39% over the last week.

We couldn't find a catalyst for why medical device stocks are down.

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 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 -26.59% in the past year. It has underperformed other stocks in the medical device industry by -10 percentage points.

2. Adapthealth (NASDAQ:AHCO)

Adapthealth (NASDAQ:AHCO) 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.

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 -25.86% in the past year. It has underperformed other stocks in the medical device industry by -9 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 43, which is 28 points higher than the medical device industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -26.48% in the past year. It has underperformed other stocks in the medical device industry by -10 percentage points.

Are medical device stocks a good buy now?

55.24% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 32.43% over the next year.

5.56% of medical device stocks have a Zen Rating of A (Strong Buy), 12.04% of medical device stocks are rated B (Buy), 57.41% are rated C (Hold), 19.44% are rated D (Sell), and 5.56% 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 35.6x.

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 (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.

Medical Device Stocks FAQ

1. Smith & Nephew (NYSE:SNN)

2. Avanos Medical (NYSE:AVNS)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Medtronic (NYSE:MDT)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Adapthealth (NASDAQ:AHCO)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest 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.

Medical Device Stocks FAQ

1. Smith & Nephew (NYSE:SNN)

2. Avanos Medical (NYSE:AVNS)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Medtronic (NYSE:MDT)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Adapthealth (NASDAQ:AHCO)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical 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.