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 +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 71st ranked industry out of 146 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 %
ITOC	ITONIC HOLDINGS LTD	$0.34	-3.95%	-21.11%	13.71%	10.39%	-32.00%	-98.05%	N/A	N/A	N/A	$32.00	$0.25	98.94%	35.46%	0.68	7,191,000	7,390.63%
PAVM	PAVMED INC	$5.00	0.30%	0.40%	-19.48%	-51.88%	-44.99%	-72.75%	-97.28%	-99.83%	N/A	$28.44	$4.50	82.42%	11.11%	1.36	3,300	-72.73%
SRTS	SENSUS HEALTHCARE INC	$2.73	0.74%	-3.19%	-21.33%	-30.18%	-27.59%	-43.36%	-7.14%	-37.67%	N/A	$5.92	$2.66	53.89%	2.63%	0.95	26,500	-52.93%
NUWE	NUWELLIS INC	$0.14	2.22%	-9.21%	-85.90%	-87.22%	-93.89%	-98.79%	-100.00%	-100.00%	-100.00%	$25.95	$0.13	99.47%	10.40%	1.05	2,764,000	-2.50%
NSPR	INSPIREMD INC	$0.74	3.65%	-4.77%	-29.71%	-58.77%	-61.56%	-69.38%	-72.97%	-85.92%	-100.00%	$2.93	$0.69	74.81%	6.96%	0.53	42,400	-56.73%
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$3.31	1.69%	-0.45%	-27.04%	-24.73%	-17.54%	-15.23%	-52.10%	-92.28%	N/A	$6.96	$3.11	52.51%	6.27%	0.72	17,700	-42.90%
LFWD	LIFEWARD LTD	$6.98	0.94%	-1.27%	6.08%	-7.67%	-9.17%	-47.12%	-85.96%	-95.36%	-99.95%	$13.08	$4.14	46.64%	68.60%	0.94	2,300	-39.47%
NXL	NEXALIN TECHNOLOGY INC	$0.39	0.00%	-14.38%	20.92%	-3.91%	-50.88%	-64.91%	-55.94%	N/A	N/A	$2.00	$0.31	80.35%	28.85%	1.32	167,000	-14.80%
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$0.04	-15.69%	-57.00%	-88.68%	-96.23%	-99.24%	-100.00%	N/A	N/A	N/A	$9.30k	$0.04	100.00%	4.88%	1.03	83,654,000	-23.63%
NVNO	ENVVENO MEDICAL CORP	$10.20	-3.23%	-0.68%	3.76%	-7.27%	-15.46%	-93.21%	-90.02%	-95.20%	N/A	$196.70	$8.67	94.81%	17.65%	1.07	8,000	-3.61%
IRIX	IRIDEX CORP	$1.17	-1.68%	3.54%	15.27%	-12.03%	18.06%	20.12%	-43.75%	-83.95%	-91.74%	$1.65	$0.87	29.00%	34.64%	0.84	35,600	-41.64%
PFSA	PROFUSA INC	$0.25	15.45%	2.01%	-41.74%	-69.40%	-96.83%	-99.97%	-99.97%	N/A	N/A	$908.25	$0.21	99.97%	19.25%	0.35	1,271,000	83.67%
MODD	MODULAR MEDICAL INC	$4.46	-9.16%	-4.50%	32.74%	-35.50%	-57.94%	-81.06%	-85.28%	N/A	N/A	$30.00	$3.13	85.13%	42.31%	0.61	37,300	-39.35%
PLSM	PULSENMORE LTD	$3.66	-5.06%	-10.20%	-25.26%	-12.98%	N/A	N/A	N/A	N/A	N/A	$10.28	$3.00	64.45%	21.83%	0.18	2,500	-62.12%
PMI	PICARD MEDICAL INC	$0.19	15.06%	-9.48%	11.70%	-83.25%	-91.43%	N/A	N/A	N/A	N/A	$13.68	$0.11	98.60%	73.64%	0.79	12,466,000	196.60%
POAS	PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD	$0.34	-2.56%	8.23%	-86.21%	-78.08%	-90.90%	N/A	N/A	N/A	N/A	$7.38	$0.25	95.37%	36.80%	0.25	279,000	-46.45%
ELUT	ELUTIA INC	$0.99	4.32%	-4.71%	-9.91%	-9.08%	96.24%	-44.01%	-60.98%	-90.49%	N/A	$2.64	$0.50	62.46%	98.20%	0.29	26,800	-67.32%
IVF	INVO FERTILITY INC	$1.59	6.71%	12.77%	6.00%	-58.82%	-70.14%	-98.94%	-99.97%	-100.00%	N/A	$183.60	$1.27	99.13%	25.69%	0.63	85,000	77.08%
TNON	TENON MEDICAL INC	$0.60	-0.17%	0.84%	-12.63%	-23.80%	-43.21%	-30.57%	-97.40%	N/A	N/A	$2.48	$0.59	75.73%	2.03%	1.03	39,500	-10.23%
HIND	VYOME HOLDINGS INC	$2.18	-0.91%	0.23%	15.34%	2.83%	-44.95%	-79.59%	-99.98%	-100.00%	N/A	$18.60	$1.75	88.28%	24.57%	0.61	29,000	202.08%
BJDX	BLUEJAY DIAGNOSTICS INC	$4.44	-2.20%	-1.11%	158.14%	134.92%	18.09%	-31.90%	-99.93%	N/A	N/A	$16.68	$1.62	73.38%	173.57%	0.67	35,300	-60.78%
INBS	INTELLIGENT BIO SOLUTIONS INC	$2.25	-2.17%	-4.26%	-38.36%	-39.35%	-61.90%	-88.34%	-99.35%	-99.98%	N/A	$24.90	$2.24	90.96%	0.45%	1.18	34,500	-56.88%
TELA	TELA BIO INC	$0.86	-4.24%	-8.81%	3.49%	6.97%	-25.30%	-42.73%	-92.18%	-94.29%	N/A	$2.20	$0.50	60.95%	71.46%	0.75	62,000	-47.46%
SINT	SINTX TECHNOLOGIES INC	$2.08	-3.70%	0.48%	-6.73%	-24.36%	-40.57%	-37.72%	-99.31%	-99.99%	-100.00%	$6.78	$1.86	69.32%	11.83%	1.46	48,000	269.23%
VTAK	CATHETER PRECISION INC	$0.95	-3.06%	-13.64%	14.46%	-27.48%	-56.82%	-84.85%	-99.54%	-100.00%	N/A	$6.27	$0.75	84.85%	26.67%	1.04	12,000	-68.42%
AVNS	AVANOS MEDICAL INC	$24.87	-0.36%	-0.44%	0.53%	82.73%	113.11%	104.86%	-2.81%	-38.52%	-22.76%	$25.49	$9.30	2.43%	167.33%	0.92	1,227,000	73.80%
CTSO	CYTOSORBENTS CORP	$0.48	-8.09%	16.06%	-0.42%	-29.85%	-25.82%	-60.25%	-86.56%	-93.99%	-88.98%	$1.39	$0.37	65.68%	29.27%	0.87	193,000	-88.11%
XAIR	BEYOND AIR INC	$0.37	6.38%	-3.42%	-23.70%	-54.41%	-61.00%	-93.56%	-99.70%	-99.66%	N/A	$5.70	$0.34	93.56%	9.55%	0.96	245,000	-14.04%
XTNT	XTANT MEDICAL HOLDINGS INC	$0.44	-2.89%	-0.68%	-4.17%	-27.53%	-43.83%	-27.17%	-47.48%	-74.59%	-98.22%	$0.95	$0.40	54.00%	8.44%	0.49	105,000	22.09%
BBLG	BONE BIOLOGICS CORP	$1.47	6.52%	18.55%	17.60%	18.55%	-26.50%	-71.06%	-97.89%	-99.35%	-99.90%	$6.75	$1.07	78.22%	37.38%	1.06	1,407,000	3,642.02%
AMIX	AUTONOMIX MEDICAL INC	$0.39	-1.77%	2.64%	23.49%	-14.13%	-35.49%	-68.11%	N/A	N/A	N/A	$2.64	$0.20	85.27%	94.50%	0.72	106,000	55.88%
ICCM	ICECURE MEDICAL LTD	$6.40	200.47%	151.97%	-3.03%	-67.92%	-68.63%	-77.37%	-81.92%	N/A	N/A	$42.00	$2.12	84.76%	201.89%	0.70	150,683,000	156,861.46%
ARAY	ACCURAY INC	$0.34	2.39%	3.31%	17.06%	-12.28%	-63.59%	-72.11%	-91.36%	-92.51%	-92.96%	$2.10	$0.25	83.67%	37.20%	1.58	978,000	-33.83%
VVOS	VIVOS THERAPEUTICS INC	$0.51	-6.07%	-20.03%	-14.69%	-61.29%	-73.79%	-76.34%	-95.97%	-99.64%	N/A	$7.95	$0.50	93.57%	3.23%	0.81	721,000	154.77%
AIMD	AINOS INC	$2.04	8.51%	7.94%	22.89%	39.73%	3.55%	-23.45%	-88.00%	N/A	N/A	$4.50	$1.26	54.67%	61.90%	0.59	43,300	-1.59%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jun 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 135 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: A, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 40, which is 11 points higher than the medical device industry average of 29.

BVS passed 13 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock return 34.49% over the past year, overperforming other medical device stocks by 106 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 75.64% from Bioventus's current stock price of $8.54.

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 135 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: C, Growth: C, Momentum: B, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 44, which is 15 points higher than the medical device industry average of 29.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 85.05% over the past year, overperforming other medical device stocks by 157 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 2.32% from Electromed's current stock price of $37.14.

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 135 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 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 61, which is 32 points higher than the medical device industry average of 29.

TCMD passed 20 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 163.3% over the past year, overperforming other medical device stocks by 235 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 52.28% from Tactile Systems Technology's current stock price of $25.83.

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 3.86%, which is 2 percentage points higher than the medical device industry average of 1.55%. 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. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.76%, which is 1 percentage points higher than the medical device industry average of 1.55%. 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 68% indicates that its dividend yield is sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.56%, which is 1 percentage points higher than the medical device industry average of 1.55%. 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.

Why are medical device stocks down?

Medical device stocks were down -1.93% in the last day, and down -2.04% 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 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 dropped -0.07% in the past year. It has overperformed other stocks in the medical device industry by 72 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 57, which is 44 points higher than the medical device industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has dropped -38.53% in the past year. It has overperformed other stocks in the medical device industry by 33 percentage points.

3. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) 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.

Bioventus 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.

Bioventus's stock has gained 34.49% in the past year. It has overperformed other stocks in the medical device industry by 106 percentage points.

Are medical device stocks a good buy now?

62% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 35.2% over the next year.

7.53% of medical device stocks have a Zen Rating of A (Strong Buy), 18.28% of medical device stocks are rated B (Buy), 52.69% are rated C (Hold), 19.35% are rated D (Sell), and 2.15% 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 20.33x.

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 +32.52% 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. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

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 +32.52% 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. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Bioventus (NASDAQ:BVS)

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 +32.52% per year, and are the best medical device stocks to buy now. Learn More.