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 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 %
PFSA	PROFUSA INC	$0.89	0.34%	-8.60%	-71.74%	-93.56%	-96.22%	-99.90%	-99.88%	N/A	N/A	$957.00	$0.85	99.91%	4.83%	0.29	125,000	2.46%
ITOC	ITONIC HOLDINGS LTD	$0.34	4.65%	2.86%	-7.93%	-36.84%	-60.00%	-88.70%	N/A	N/A	N/A	$32.00	$0.31	98.93%	10.97%	0.66	6,000	-47.83%
NSYS	NORTECH SYSTEMS INC	$9.20	0.46%	-2.74%	2.55%	28.87%	-0.65%	-6.19%	-32.16%	11.46%	132.16%	$12.40	$6.50	25.82%	41.51%	0.30	250	N/A
NSPR	INSPIREMD INC	$1.64	0.61%	-9.84%	-6.78%	-8.84%	-32.93%	-41.49%	37.50%	-85.58%	-100.00%	$3.34	$1.51	50.90%	8.61%	0.51	22,800	-66.47%
NXL	NEXALIN TECHNOLOGY INC	$0.44	3.17%	1.11%	-11.99%	-54.41%	-44.03%	-78.02%	-55.22%	N/A	N/A	$2.57	$0.37	82.84%	19.19%	1.37	84,000	26.32%
PLSM	PULSENMORE LTD	$4.25	-5.65%	-4.64%	-30.86%	N/A	N/A	N/A	N/A	N/A	N/A	$10.28	$3.96	58.66%	7.32%	1.18	3,700	1,380.00%
MODD	MODULAR MEDICAL INC	$0.20	-0.50%	26.11%	-53.30%	-56.19%	-72.07%	-75.85%	-91.57%	N/A	N/A	$1.29	$0.12	84.57%	68.64%	0.46	1,859,000	-35.79%
QTI	QT IMAGING HOLDINGS INC	$6.00	0.33%	-1.47%	12.52%	-5.79%	-20.05%	414.53%	-80.82%	N/A	N/A	$9.21	$1.14	34.85%	426.32%	0.27	24,200	160.22%
MASI	MASIMO CORP	$175.42	0.02%	0.03%	30.16%	26.57%	18.45%	6.04%	0.69%	-23.88%	363.17%	$175.90	$125.94	0.27%	39.29%	1.10	2,427,000	53.70%
LFWD	LIFEWARD LTD	$6.01	0.92%	-10.62%	-8.35%	-33.52%	-9.66%	-61.45%	-90.56%	-97.55%	-99.97%	$35.40	$4.14	83.04%	45.05%	0.95	6,700	-36.19%
NUWE	NUWELLIS INC	$1.43	-9.79%	-13.42%	-50.95%	-51.78%	-70.28%	-97.56%	-99.98%	-100.00%	-100.00%	$56.28	$1.40	97.46%	2.14%	0.99	59,000	68.57%
NVNO	ENVVENO MEDICAL CORP	$11.46	3.21%	16.09%	19.49%	0.48%	-52.76%	-87.48%	-93.52%	-94.82%	N/A	$196.70	$8.67	94.17%	32.20%	1.08	10,600	-45.08%
IRIX	IRIDEX CORP	$1.24	3.23%	-9.22%	-13.51%	39.74%	-5.88%	9.40%	-43.36%	-81.82%	-87.87%	$1.65	$0.78	24.76%	58.57%	0.85	96,000	213.73%
TIVC	TIVIC HEALTH SYSTEMS INC	$0.85	-0.47%	4.44%	-7.14%	-63.69%	-71.61%	-73.64%	-99.77%	N/A	N/A	$13.23	$0.75	93.58%	14.09%	1.03	250,000	2,617.39%
IINN	INSPIRA TECHNOLOGIES OXY BHN LTD	$0.60	-4.50%	-4.50%	-14.86%	-50.17%	-54.16%	-26.54%	-63.73%	N/A	N/A	$1.65	$0.40	63.64%	48.88%	1.17	76,000	-57.06%
TNON	TENON MEDICAL INC	$0.76	3.01%	-1.99%	-4.02%	-31.57%	-30.96%	-37.04%	-99.54%	N/A	N/A	$5.85	$0.64	86.94%	19.19%	1.03	162,000	72.34%
ADGM	ADAGIO MEDICAL HOLDINGS INC	$0.98	0.92%	-5.19%	0.00%	9.07%	-33.60%	-6.98%	-90.43%	-90.84%	N/A	$2.87	$0.63	65.96%	56.32%	0.06	35,700	136.42%
QIPT	QUIPT HOME MEDICAL CORP	$3.64	0.00%	0.28%	2.25%	45.02%	40.54%	41.63%	-44.85%	N/A	N/A	$3.65	$1.35	0.27%	169.63%	0.55	101,000	-76.29%
HIND	VYOME HOLDINGS INC	$2.80	-5.00%	-21.99%	3.50%	-47.01%	-66.41%	-96.38%	-99.99%	-100.00%	N/A	$305.00	$1.75	99.08%	60.00%	0.52	31,300	-17.63%
PEN	PENUMBRA INC	$338.64	0.29%	-0.79%	0.17%	18.27%	18.29%	32.02%	36.02%	24.06%	687.05%	$362.41	$221.26	6.56%	53.05%	1.04	483,000	-42.36%
TELA	TELA BIO INC	$0.90	-1.34%	2.79%	8.72%	-24.36%	-44.69%	-62.34%	-91.60%	-94.68%	N/A	$2.48	$0.67	63.80%	34.48%	0.77	92,000	133.50%
XTNT	XTANT MEDICAL HOLDINGS INC	$0.62	1.13%	9.81%	4.85%	-15.27%	0.32%	43.15%	-18.57%	-77.45%	-98.27%	$0.95	$0.34	34.74%	82.35%	0.52	106,000	6.00%
SINT	SINTX TECHNOLOGIES INC	$2.72	1.10%	-2.48%	-6.46%	-35.45%	-35.14%	-15.38%	-99.56%	-100.00%	-100.00%	$6.78	$1.71	59.88%	59.06%	1.39	29,000	-22.67%
VTAK	CATHETER PRECISION INC	$1.41	-2.84%	-13.29%	-29.02%	-50.90%	-43.85%	-78.54%	-99.60%	-100.00%	N/A	$15.68	$1.14	91.01%	23.68%	1.08	20,100	12.92%
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$3.10	-7.42%	2.14%	184.16%	91.33%	17.62%	-18.70%	-72.32%	N/A	N/A	$7.26	$0.76	57.31%	309.51%	-0.03	1,150,000	-42.12%
CTSO	CYTOSORBENTS CORP	$0.80	1.50%	8.14%	20.72%	8.14%	-18.84%	-19.00%	-77.37%	-90.74%	-84.02%	$1.39	$0.60	42.59%	33.00%	0.88	87,000	-17.92%
AEMD	AETHLON MEDICAL INC	$1.70	2.35%	-6.95%	-21.97%	-50.14%	-73.23%	-94.73%	-99.51%	-99.90%	-100.00%	$36.75	$1.68	95.37%	1.19%	0.85	13,500	-12.90%
ICCM	ICECURE MEDICAL LTD	$0.63	-2.70%	-3.62%	3.72%	-11.80%	-40.49%	-52.48%	-49.34%	N/A	N/A	$1.53	$0.54	58.82%	16.67%	0.78	130,000	-45.83%
ARAY	ACCURAY INC	$0.49	0.20%	-10.89%	-15.05%	-50.25%	-69.31%	-72.57%	-82.59%	-90.50%	-91.01%	$2.10	$0.48	76.67%	2.73%	1.49	907,000	9.94%
BBLG	BONE BIOLOGICS CORP	$1.28	-4.69%	2.52%	-14.08%	-42.18%	-43.26%	-75.12%	-99.70%	-99.46%	N/A	$30.23	$1.11	95.77%	15.32%	1.04	27,500	-27.25%
BMRA	BIOMERICA INC	$1.92	14.06%	7.88%	0.92%	-13.78%	-24.74%	-55.22%	-88.50%	-95.35%	-75.56%	$5.92	$1.87	67.56%	2.89%	0.80	18,700	-29.43%
BJDX	BLUEJAY DIAGNOSTICS INC	$1.86	0.54%	-8.78%	-40.06%	-59.35%	-67.31%	-88.73%	-99.99%	N/A	N/A	$40.80	$1.78	95.44%	4.49%	0.62	54,500	-72.19%
AMIX	AUTONOMIX MEDICAL INC	$0.43	1.17%	6.90%	8.50%	-47.90%	-63.53%	-81.69%	N/A	N/A	N/A	$2.82	$0.34	84.79%	25.44%	0.68	166,000	76.60%
ALUR	ALLURION TECHNOLOGIES INC	$0.67	-42.62%	-45.08%	-64.35%	-77.75%	-82.18%	-82.34%	-99.85%	-99.85%	N/A	$4.18	$0.65	83.95%	2.91%	0.44	224,000	-42.12%
AIMD	AINOS INC	$1.38	7.25%	-6.33%	-21.28%	-32.11%	-56.21%	-35.68%	-91.54%	169.09%	N/A	$4.50	$1.26	69.33%	9.52%	292.88	24,400	-32.97%
COCH	ENVOY MEDICAL INC	$0.65	4.46%	-2.86%	44.47%	-17.40%	-46.95%	-48.95%	-93.17%	-93.21%	N/A	$1.91	$0.38	65.97%	71.05%	0.11	190,000	40.74%
AIDX	20/20 BIOLABS INC	$2.80	1.43%	-16.22%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$50.00	$2.73	94.40%	2.56%	-1.25	162,000	-27.03%
HSCS	HEARTSCIENCES INC	$2.64	0.61%	-0.15%	-15.95%	-0.15%	-21.88%	-4.46%	-97.93%	N/A	N/A	$6.47	$2.01	59.20%	31.34%	0.35	6,100	41.86%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Mar 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 138 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: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 47, which is 19 points higher than the medical device industry average of 28.

BVS passed 15 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock lose -1.71% over the past year, overperforming other medical device stocks by 66 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 78.36% from Bioventus's current stock price of $8.41.

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

2. Tactile Systems Technology (NASDAQ:TCMD)

Tactile Systems Technology (NASDAQ:TCMD) is the #2 top medical device stock out of 138 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: B, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 59, which is 31 points higher than the medical device industry average of 28.

TCMD passed 19 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 110.31% over the past year, overperforming other medical device stocks by 178 percentage points.

Tactile Systems Technology has an average 1 year price target of $36.00, an upside of 24.96% from Tactile Systems Technology's current stock price of $28.81.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Tactile Systems Technology, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) is the #3 top medical device stock out of 138 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: A, Safety: A, Financials: A, and AI: B.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 54, which is 26 points higher than the medical device industry average of 28.

ELMD passed 18 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock lose -0.61% over the past year, overperforming other medical device stocks by 67 percentage points.

Electromed has an average 1 year price target of $36.00, an upside of 50.75% from Electromed's current stock price of $23.88.

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 7 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 2.22%, which is 1 percentage points higher than the medical device industry average of 1.21%. 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 52.8% indicates that its dividend yield is sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.19%, which is 1 percentage points higher than the medical device industry average of 1.21%. 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 64.3% indicates that its dividend yield is sustainable for the long-term.

3. Iradimed (NASDAQ:IRMD)

Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.23%, which is the same as the medical device industry average of 1.21%. Iradimed's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Iradimed's dividend has not shown consistent growth over the last 10 years.

Iradimed's dividend payout ratio of 68.4% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.88% in the last day, and down -5.55% over the last week. Profound Medical was the among the top losers in the medical devices industry, dropping -1.51% yesterday.

Profound Medical shares are trading lower after the company reported worse-than-expected Q4 financial results.

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 -31.32% in the past year. It has overperformed other stocks in the medical device industry by 36 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 71, which is 55 points higher than the medical device industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -37.05% in the past year. It has overperformed other stocks in the medical device industry by 30 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 71, which is 55 points higher than the medical device industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Bioventus's stock has dropped -1.71% in the past year. It has overperformed other stocks in the medical device industry by 66 percentage points.

Are medical device stocks a good buy now?

57.61% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 47.68% over the next year.

11.88% of medical device stocks have a Zen Rating of A (Strong Buy), 13.86% of medical device stocks are rated B (Buy), 50.5% are rated C (Hold), 16.83% are rated D (Sell), and 6.93% 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 27x.

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. Tactile Systems Technology (NASDAQ:TCMD)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Iradimed (NASDAQ:IRMD)

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. Tactile Systems Technology (NASDAQ:TCMD)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Iradimed (NASDAQ:IRMD)

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.