Sectors & IndustriesHealthcareMedical 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
D
Medical Devices is Zen Rated D and is the 108th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
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RXST
RXSIGHT INC
$9.23-0.86%3.24%9.49%-34.49%-65.17%-83.38%-27.89%N/AN/A$57.53$6.3283.96%46.04%1.25419,000-42.84%
AEMD
AETHLON MEDICAL INC
$0.73-5.43%8.46%-35.88%-59.39%-75.71%-76.33%-99.05%-99.39%-99.99%$8.44$0.6091.34%21.83%0.81571,000-33.60%
NVNO
ENVVENO MEDICAL CORP
$0.9116.01%19.37%-81.55%-79.46%-69.39%-83.35%-88.40%-91.66%N/A$5.62$0.6783.88%35.22%0.962,619,000279.02%
AMIX
AUTONOMIX MEDICAL INC
$1.120.90%-4.27%-0.88%-10.40%-43.72%-92.92%N/AN/AN/A$21.49$0.9694.79%16.55%0.5492,000-34.29%
CATX
PERSPECTIVE THERAPEUTICS INC
$3.593.16%4.66%-0.55%-0.55%38.08%-72.64%6.02%-46.82%-75.24%$14.19$1.6074.70%124.38%1.231,760,000118.36%
MDAI
SPECTRAL AI INC
$1.992.58%6.42%-5.69%-3.40%13.07%60.48%-79.82%N/AN/A$3.25$0.8238.77%141.50%0.37261,000-5.09%
IVF
INVO FERTILITY INC
$1.00-4.95%-1.19%-36.43%-74.80%-86.10%-96.01%-99.91%N/AN/A$51.12$0.7398.05%36.71%1.04181,000-26.42%
LFWD
LIFEWARD LTD
$0.56-3.93%4.46%-11.22%-48.44%-64.65%-82.33%-91.43%-93.36%-99.96%$4.00$0.5085.95%12.18%0.97304,0002.70%
PROF
PROFOUND MEDICAL CORP
$4.091.24%-0.49%-3.76%-39.68%-39.94%-47.23%-21.35%-74.33%N/A$9.17$3.7655.40%8.78%0.9962,5000.81%
VVOS
VIVOS THERAPEUTICS INC
$3.38-2.59%-11.75%-17.76%51.57%-5.59%14.58%-88.14%N/AN/A$7.95$1.9857.48%70.71%0.86134,00035.35%
MYO
MYOMO INC
$0.884.15%-11.48%-9.85%-68.49%-83.84%-78.08%-50.06%-76.99%N/A$7.17$0.8187.74%9.19%1.302,885,0006.81%
LNSR
LENSAR INC
$12.34-1.04%0.00%-2.45%0.98%-20.80%190.35%138.22%N/AN/A$17.31$4.0328.71%206.20%0.4421,100-63.93%
ADGM
ADAGIO MEDICAL HOLDINGS INC
$1.68-2.33%20.86%31.25%48.67%68.00%-60.00%-83.03%N/AN/A$4.67$0.6364.03%168.80%0.08710,000522.81%
DHAI
DIH HOLDING US INC
$0.19-4.90%-13.00%-18.83%-10.60%-35.76%-92.02%-98.06%N/AN/A$2.93$0.1293.38%61.67%0.431,152,000-4.87%
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$0.88-1.01%3.53%7.32%45.70%-18.52%8.37%-58.88%-73.57%N/A$1.39$0.4036.69%122.78%0.78297,000-35.43%
IRIX
IRIDEX CORP
$1.28-3.03%-7.25%13.27%29.95%19.63%-36.00%-48.18%-34.73%-82.25%$1.99$0.7835.68%63.68%0.8655,000-34.52%
NSPR
INSPIREMD INC
$2.380.00%-0.83%-4.80%-2.86%-15.00%-11.52%36.78%-55.63%-100.00%$3.80$1.9937.34%19.60%0.5236,200-21.81%
CODX
CO-DIAGNOSTICS INC
$0.353.52%13.87%20.07%30.26%-21.90%-72.64%-89.10%-97.17%N/A$1.40$0.2374.79%54.82%1.14362,000-39.77%
COCH
ENVOY MEDICAL INC
$1.333.10%1.53%-6.34%-2.92%-13.07%-59.94%-86.46%N/AN/A$3.99$1.0666.67%25.47%0.0633,200-44.67%
BMRA
BIOMERICA INC
$2.990.34%2.75%-5.68%-10.48%-46.60%16.30%-90.11%-94.61%N/A$10.16$2.0870.57%43.75%0.7842,700107.28%
TIVC
TIVIC HEALTH SYSTEMS INC
$3.04-2.25%5.56%-19.79%-18.93%-7.88%-35.21%-99.90%N/AN/A$15.64$2.4380.56%25.10%0.9740,20082.73%
MGRM
MONOGRAM TECHNOLOGIES INC
$5.750.00%0.00%7.88%105.36%56.68%75.84%N/AN/AN/A$6.02$1.924.49%199.79%1.1177,6001.31%
ELUT
ELUTIA INC
$1.22-4.69%-35.11%-39.60%-30.68%-61.88%-70.46%-83.17%N/AN/A$5.12$1.1776.17%4.27%0.26159,000-61.41%
APYX
APYX MEDICAL CORP
$2.131.43%3.40%-1.39%14.52%88.50%99.07%-65.31%-57.49%-6.17%$2.73$0.7621.98%182.12%1.3252,40026.27%
ALUR
ALLURION TECHNOLOGIES INC
$2.191.39%0.46%-8.75%-10.25%-14.12%-84.59%-99.11%N/AN/A$20.00$1.9889.05%10.61%0.3725,800-23.44%
BJDX
BLUEJAY DIAGNOSTICS INC
$1.54-1.91%8.45%13.24%-8.33%-62.16%-79.48%-99.98%N/AN/A$12.45$1.2687.63%22.22%0.6293,000-72.24%
ZIMV
ZIMVIE INC
$18.890.11%0.00%0.21%105.55%54.71%12.78%35.22%N/AN/A$19.01$8.150.63%131.78%1.28253,00075.69%
VERO
VENUS CONCEPT INC
$2.28-2.15%1.33%-1.72%-8.06%-20.00%-58.55%-97.51%-99.46%N/A$14.50$2.1084.28%8.57%2.6112,800-37.86%
RBOT
VICARIOUS SURGICAL INC
$5.891.20%-5.46%-14.14%-27.19%-38.84%2.61%-95.27%-97.99%N/A$19.00$5.0069.00%17.80%1.3415,400-58.04%
PFSA
PROFUSA INC
$0.38-4.82%30.21%-24.85%-96.90%-96.90%-96.79%-96.21%N/AN/A$12.76$0.2797.06%41.51%0.133,448,000-55.50%
XTNT
XTANT MEDICAL HOLDINGS INC
$0.653.01%6.04%3.17%4.33%35.70%9.06%0.00%-27.78%-98.54%$0.78$0.3316.67%96.37%0.46161,000257.78%
SSKN
STRATA SKIN SCIENCES INC
$1.56-0.64%-10.34%-14.29%-29.09%-40.68%-48.34%-84.55%-89.32%-97.40%$3.86$1.5259.59%2.63%0.26100,000-43.50%
SENS
SENSEONICS HOLDINGS INC
$0.45-1.74%1.80%-4.44%-11.72%-26.98%14.43%-71.03%9.18%N/A$1.40$0.2567.71%80.80%1.845,748,0007.96%
MODD
MODULAR MEDICAL INC
$0.75-0.27%3.89%3.89%-5.44%-14.32%-67.05%-81.25%N/AN/A$2.50$0.6370.08%18.73%0.471,269,000-91.24%
TELA
TELA BIO INC
$1.580.00%-2.47%0.00%-1.86%-34.98%-36.55%-81.26%-90.57%N/A$3.26$0.8751.53%82.66%0.8155,70041.37%
SINT
SINTX TECHNOLOGIES INC
$4.33-0.46%-5.66%42.43%26.61%38.78%18.63%-99.95%-99.99%-100.00%$8.60$1.7149.63%153.22%1.4164,000-34.02%
NXL
NEXALIN TECHNOLOGY INC
$0.85-3.20%2.05%8.16%-28.74%-64.22%28.48%-62.31%N/AN/A$4.49$0.5981.11%43.49%1.20131,00073.51%
NSYS
NORTECH SYSTEMS INC
$9.600.00%2.62%10.34%11.11%-3.03%-17.95%-15.04%101.68%136.16%$13.90$7.2530.93%32.41%0.32500-96.09%
WOK
WORK MEDICAL TECHNOLOGY GROUP LTD
$0.800.00%2.30%3.76%2.43%29.03%-81.57%N/AN/AN/A$8.45$0.3690.53%121.61%0.82177,0001,635.29%
CTSO
CYTOSORBENTS CORP
$0.92-2.56%-6.82%-21.12%-25.00%-19.03%-26.21%-52.34%-88.95%-86.54%$1.61$0.7143.17%28.87%0.8577,00010.79%
MOVE
MOVANO INC
$0.72-5.79%-16.26%24.52%9.82%-71.92%-85.90%-98.37%N/AN/A$6.97$0.5189.72%40.12%0.92141,000-6.00%
PAVM
PAVMED INC
$0.40-4.76%-6.76%-11.11%-36.00%-47.64%-77.40%-97.62%-98.58%N/A$1.77$0.3077.40%31.58%1.33389,00038.93%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Sep 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. Livanova (NASDAQ:LIVN)


Livanova (NASDAQ:LIVN) is the #1 top medical device stock out of 142 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 Livanova (NASDAQ:LIVN) is: Value: B, Growth: A, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: A.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 17, which is -10 points lower than the medical device industry average of 27. Although this number is below the industry average, our proven quant model rates LIVN as a "A".

LIVN passed 5 out of 33 due diligence checks and has weak fundamentals. Livanova has seen its stock return 13.61% over the past year, overperforming other medical device stocks by 48 percentage points.

Livanova has an average 1 year price target of $60.75, an upside of 9.6% from Livanova's current stock price of $55.43.

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

2. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) is the #2 top medical device stock out of 142 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: C, Safety: B, Financials: B, and AI: C.

Smith & Nephew (NYSE:SNN) has a Due Diligence Score of 42, which is 15 points higher than the medical device industry average of 27.

SNN passed 15 out of 38 due diligence checks and has strong fundamentals. Smith & Nephew has seen its stock return 18.63% over the past year, overperforming other medical device stocks by 53 percentage points.

Smith & Nephew has an average 1 year price target of $36.00, a downside of -3.69% from Smith & Nephew's current stock price of $37.38.

Smith & Nephew stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst 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.

3. Bioventus (NASDAQ:BVS)


Bioventus (NASDAQ:BVS) is the #3 top medical device stock out of 142 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: B, Growth: B, Momentum: D, Sentiment: B, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 21, which is -6 points lower than the medical device industry average of 27. Although this number is below the industry average, our proven quant model rates BVS as a "A".

BVS passed 7 out of 33 due diligence checks and has weak fundamentals. Bioventus has seen its stock lose -35.17% over the past year, underperforming other medical device stocks by -1 percentage points.

Bioventus has an average 1 year price target of $13.50, an upside of 88.28% from Bioventus's current stock price of $7.17.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Bioventus, 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 2.01%, which is 1 percentage points higher than the medical device industry average of 0.98%. 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 66.7% 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 1.32%, which is the same as the medical device industry average of 0.98%. 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 29% indicates that its dividend yield is sustainable for the long-term.

3. Iradimed (NASDAQ:IRMD)


Iradimed (NASDAQ:IRMD) has an annual dividend yield of 0.92%, which is the same as the medical device industry average of 0.98%.

Iradimed's dividend payout ratio of 39.3% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.52% in the last day, and down -2.45% 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 -12.9% in the past year. It has overperformed other stocks in the medical device industry by 21 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 42 points higher than the medical device industry average of 15. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has dropped -30.91% in the past year. It has overperformed other stocks in the medical device industry by 3 percentage points.

3. Adapthealth (NASDAQ:AHCO)


Adapthealth (NASDAQ:AHCO) 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.

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 -20.3% in the past year. It has overperformed other stocks in the medical device industry by 14 percentage points.

Are medical device stocks a good buy now?

49.04% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 30.05% over the next year.

4.5% of medical device stocks have a Zen Rating of A (Strong Buy), 18.92% of medical device stocks are rated B (Buy), 45.95% are rated C (Hold), 23.42% are rated D (Sell), and 7.21% 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 31x.
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.