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

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	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 %
ARAY	ACCURAY INC	$0.27	-5.96%	12.61%	3.88%	-42.61%	-66.54%	-79.54%	-93.71%	-93.40%	-95.08%	$2.10	$0.22	87.24%	21.82%	1.60	1,832,000	-75.54%
BBLG	BONE BIOLOGICS CORP	$0.85	-1.63%	-20.93%	-38.25%	-34.42%	-48.10%	-69.79%	-98.62%	-99.62%	-99.94%	$4.13	$0.83	79.52%	1.93%	1.07	19,200	-47.68%
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$1.03	-0.96%	0.98%	-10.43%	-40.12%	0.00%	-49.51%	-90.14%	N/A	N/A	$3.75	$0.76	72.53%	36.06%	0.06	46,000	-2.13%
ELUT	ELUTIA INC	$0.86	-5.30%	-7.85%	-12.55%	-15.98%	-15.98%	-57.78%	-60.69%	-89.62%	N/A	$2.50	$0.50	65.72%	71.40%	0.30	160,000	129.89%
QTI	QT IMAGING HOLDINGS INC	$2.69	-0.37%	-2.89%	-33.91%	-59.09%	-53.86%	-52.81%	-91.61%	N/A	N/A	$9.21	$2.51	70.79%	7.17%	0.32	17,800	-2.20%
TELA	TELA BIO INC	$0.73	2.82%	5.64%	-2.67%	-16.57%	-22.75%	-57.06%	-92.54%	-94.82%	N/A	$2.14	$0.50	65.89%	45.71%	0.77	19,500	-65.18%
NVNO	ENVVENO MEDICAL CORP	$10.60	-0.24%	2.02%	-1.03%	1.53%	-4.59%	-93.43%	-93.84%	-95.39%	N/A	$179.55	$8.67	94.10%	22.26%	1.05	2,300	-4.17%
INBS	INTELLIGENT BIO SOLUTIONS INC	$1.81	14.92%	3.43%	-21.13%	-26.12%	-76.97%	-88.54%	-99.16%	-99.98%	N/A	$24.90	$1.52	92.73%	19.08%	1.23	165,000	826.97%
SRTS	SENSUS HEALTHCARE INC	$2.91	0.69%	-3.96%	-3.64%	-26.70%	-43.05%	-47.94%	-3.00%	-20.92%	-54.17%	$5.67	$2.66	48.63%	9.40%	0.97	6,600	-52.17%
POAS	PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD	$0.19	3.83%	-14.03%	-31.90%	-91.88%	-94.93%	N/A	N/A	N/A	N/A	$7.38	$0.17	97.43%	9.20%	0.35	172,000	-75.00%
IVF	INVO FERTILITY INC	$0.94	-0.32%	-6.30%	-50.68%	-50.16%	-84.89%	-98.71%	-99.99%	-100.00%	N/A	$90.80	$0.90	98.97%	4.11%	0.61	64,400	-14.13%
IRIX	IRIDEX CORP	$0.82	-1.44%	-7.97%	-28.38%	-20.39%	-45.15%	-37.88%	-59.80%	-87.33%	-94.93%	$1.65	$0.80	50.24%	1.99%	0.84	87,000	-14.71%
LFWD	LIFEWARD LTD	$7.22	3.14%	2.41%	-5.74%	-0.82%	2.75%	-14.41%	-88.34%	-94.15%	-99.95%	$10.20	$4.14	29.22%	74.40%	0.96	1,600	-60.00%
FEED	ENVUE MEDICAL INC	$0.32	-1.25%	-17.28%	-38.64%	-72.76%	-86.94%	-96.17%	-99.91%	-99.99%	-100.00%	$17.40	$0.29	98.18%	8.97%	0.48	236,000	43.90%
XTNT	XTANT MEDICAL HOLDINGS INC	$0.43	-0.46%	0.23%	2.14%	-17.78%	-28.45%	-24.96%	-53.56%	-66.92%	-97.99%	$0.95	$0.39	54.74%	10.54%	0.50	59,000	40.48%
MODD	MODULAR MEDICAL INC	$2.39	15.46%	-4.78%	-46.89%	-44.93%	-83.25%	-88.92%	-91.87%	N/A	N/A	$30.00	$1.96	92.03%	21.94%	0.66	186,000	313.33%
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$1.69	-0.59%	-11.05%	-44.41%	-64.04%	-66.26%	-63.99%	-72.39%	-94.23%	N/A	$6.96	$1.61	75.72%	4.97%	0.72	10,200	-2.86%
NSPR	INSPIREMD INC	$0.65	-3.27%	-4.83%	-7.14%	-44.92%	-60.12%	-76.70%	-80.48%	-82.80%	-100.00%	$2.93	$0.63	77.82%	3.17%	0.51	72,500	65.90%
NXL	NEXALIN TECHNOLOGY INC	$0.34	-1.17%	-29.73%	2.42%	-4.79%	-41.01%	-66.20%	-58.27%	N/A	N/A	$2.00	$0.31	83.10%	10.82%	1.27	76,000	-39.68%
PAVM	PAVMED INC	$4.95	-2.08%	4.43%	-16.67%	-40.36%	-47.06%	-71.34%	-97.07%	-99.85%	-99.93%	$28.44	$3.85	82.59%	28.57%	1.37	3,700	42.31%
PFSA	PROFUSA INC	$1.06	0.00%	-38.01%	-63.61%	-92.89%	-99.37%	-99.92%	-99.99%	N/A	N/A	$1.30k	$0.86	99.92%	23.11%	0.38	115,000	-4.17%
PLSM	PULSENMORE LTD	$3.65	4.89%	6.41%	-31.26%	7.67%	-40.46%	N/A	N/A	N/A	N/A	$12.97	$3.00	71.86%	21.67%	0.20	20,300	113.68%
PMI	PICARD MEDICAL INC	$0.09	0.00%	0.00%	-46.34%	-80.66%	-95.75%	N/A	N/A	N/A	N/A	$13.68	$0.09	99.36%	0.00%	1.10	0	N/A
TNON	TENON MEDICAL INC	$0.20	1.02%	4.21%	-39.26%	-74.08%	-76.51%	-80.59%	-99.19%	N/A	N/A	$1.74	$0.18	88.62%	11.24%	0.97	258,000	-11.03%
HIND	VYOME HOLDINGS INC	$2.12	5.22%	2.67%	-1.63%	4.19%	-3.86%	-78.33%	-99.97%	-100.00%	N/A	$18.60	$1.75	88.63%	20.86%	0.62	23,000	1,177.78%
SINT	SINTX TECHNOLOGIES INC	$1.70	11.11%	21.43%	-9.09%	-19.43%	-46.25%	-32.00%	-99.44%	-99.99%	-100.00%	$6.78	$1.40	74.93%	21.43%	1.49	28,800	284.00%
CTSO	CYTOSORBENTS CORP	$0.36	3.14%	0.28%	-3.48%	-40.82%	-46.68%	-57.53%	-89.89%	-95.13%	-92.54%	$1.22	$0.35	70.41%	3.14%	0.90	88,000	101.83%
BMRA	BIOMERICA INC	$1.49	-6.29%	-5.99%	-15.34%	-31.65%	-38.17%	-54.01%	-85.89%	-94.97%	-90.69%	$4.60	$1.47	67.61%	1.71%	0.82	11,400	5.56%
VTAK	CATHETER PRECISION INC	$0.25	-9.71%	-4.56%	-70.44%	-73.63%	-86.65%	-91.74%	-99.79%	-100.00%	N/A	$4.31	$0.23	94.18%	9.13%	0.98	670,000	5.35%
VVOS	VIVOS THERAPEUTICS INC	$0.41	0.99%	4.33%	-9.89%	-48.75%	-74.69%	-90.53%	-94.36%	-99.46%	N/A	$5.21	$0.36	92.13%	12.64%	0.79	180,000	366.32%
COCH	ENVOY MEDICAL INC	$0.67	0.75%	1.21%	-15.28%	-1.32%	3.23%	-54.04%	-93.49%	-93.05%	N/A	$1.89	$0.38	64.50%	76.58%	0.17	87,000	70.59%
HSCS	HEARTSCIENCES INC	$2.18	4.81%	-8.79%	-13.15%	11.79%	-31.88%	-30.13%	-97.50%	N/A	N/A	$3.93	$1.63	44.53%	33.74%	0.28	40,000	-40.83%
XAIR	BEYOND AIR INC	$5.28	-2.68%	2.23%	-40.85%	-49.78%	-77.07%	-91.15%	-99.63%	-99.83%	N/A	$95.60	$5.02	94.48%	5.08%	0.90	28,000	102.90%
AEMD	AETHLON MEDICAL INC	$0.66	17.14%	13.33%	-19.44%	-70.27%	-72.38%	-94.43%	-99.77%	-99.98%	-100.00%	$27.40	$0.53	97.58%	26.29%	1.03	1,240,000	2,783.72%

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 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 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 23 points higher than the medical device industry average of 29.

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 39 points higher than the medical device industry average of 29.

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.