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

Overview Zen Rating Price Value Growth Financials Momentum

Sentiment Forecast Dividends Due Diligence

Medical Devices is Zen Rated C and is the 71st ranked industry out of 145 stock market industries

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$30.73	310,000	-13.41%	29.57	29.23	25.82	19.87	15.57	66.59	87.39	77.21	64.34	54.40	1.24	1.36	-0.12	1.06
VREX	VAREX IMAGING CORP	$13.24	310,000	67.57%	12.19	12.08	11.81	11.73	10.06	70.81	93.61	81.39	97.78	81.78	0.25	0.15	0.10	1.08
BVS	BIOVENTUS INC	$8.00	256,000	89.63%	7.53	7.54	7.38	7.18	7.14	63.11	72.38	58.60	81.98	66.46	0.08	0.06	0.03	1.19
STE	STERIS PLC	$260.68	441,000	-6.17%	256.30	255.07	255.85	250.27	241.16	58.34	83.48	79.71	97.12	86.97	0.56	-0.04	0.61	0.75
ELMD	ELECTROMED INC	$29.02	35,400	-11.50%	28.61	28.88	27.02	25.46	23.21	55.47	56.03	44.63	37.07	28.06	0.40	0.49	-0.10	0.46
AVNS	AVANOS MEDICAL INC	$12.26	604,000	89.34%	11.48	11.58	11.46	11.60	11.95	66.33	78.20	56.77	93.54	67.36	0.06	-0.00	0.06	0.91
GMED	GLOBUS MEDICAL INC	$94.62	4,669,000	162.30%	89.66	88.47	83.47	71.40	66.88	67.83	72.87	79.16	73.44	75.53	2.17	2.01	0.16	0.99
SNN	SMITH & NEPHEW PLC	$34.16	428,000	-38.77%	33.29	33.01	33.47	35.09	32.29	61.54	84.97	84.42	94.21	92.95	0.10	-0.09	0.19	0.71
AXGN	AXOGEN INC	$33.37	1,083,000	9.50%	32.45	31.73	28.19	22.42	17.84	63.24	64.48	57.32	32.20	20.17	1.26	1.50	-0.24	1.24
LIVN	LIVANOVA PLC	$64.95	433,000	0.70%	62.98	63.05	59.31	56.90	49.76	64.55	93.39	80.42	98.77	82.42	1.02	1.07	-0.04	0.92
AORT	ARTIVION INC	$44.85	251,000	-17.70%	45.54	45.82	45.65	43.84	36.44	44.77	30.66	27.42	25.65	20.09	-0.09	0.13	-0.21	1.04
AHCO	ADAPTHEALTH CORP	$10.62	709,000	-35.19%	10.14	10.20	9.76	9.46	9.27	62.43	76.85	52.49	72.40	44.52	0.14	0.13	0.01	1.06
IRMD	IRADIMED CORP	$100.00	83,000	4.40%	97.75	97.17	91.35	81.94	69.54	68.15	85.97	79.93	70.68	51.00	2.01	2.24	-0.23	0.88
MASI	MASIMO CORP	$137.91	609,000	16.44%	133.10	134.98	140.58	142.97	151.32	52.50	91.54	75.57	100.00	88.89	-1.73	-2.57	0.83	1.11
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$13.86	1,024,000	123.58%	12.77	12.96	12.68	13.71	14.01	62.73	79.97	59.40	100.00	79.12	0.03	-0.07	0.09	1.03
ALGN	ALIGN TECHNOLOGY INC	$170.58	777,000	-1.27%	160.95	161.24	149.80	141.91	158.94	71.84	90.47	72.10	92.85	69.68	4.04	3.65	0.39	1.57
DXCM	DEXCOM INC	$68.43	4,565,000	-10.16%	67.85	67.30	63.93	68.11	73.78	58.03	78.19	77.95	78.02	79.37	1.14	1.02	0.13	1.16
PODD	INSULET CORP	$292.89	653,000	13.96%	288.89	290.17	308.50	317.91	303.64	46.91	80.10	61.14	89.52	67.35	-4.83	-6.79	1.96	1.15
VMD	VIEMED HEALTHCARE INC	$7.23	196,000	76.58%	7.32	7.33	6.89	6.88	6.83	52.21	20.50	18.79	5.45	6.15	0.10	0.14	-0.04	0.68
SNWV	SANUWAVE HEALTH INC	$30.60	32,700	-35.88%	30.02	30.73	31.31	33.71	33.14	47.96	37.11	27.63	59.99	41.66	-0.56	-0.57	0.00	0.72
ANIK	ANIKA THERAPEUTICS INC	$9.55	133,000	7.26%	9.56	9.54	9.67	9.39	10.65	49.29	70.41	57.47	80.68	71.50	-0.00	-0.02	0.02	0.81
TMDX	TRANSMEDICS GROUP INC	$137.57	692,000	-5.59%	127.43	126.82	129.07	122.68	116.67	62.45	93.64	76.55	100.00	89.95	0.66	-0.71	1.37	1.63
EW	EDWARDS LIFESCIENCES CORP	$84.58	3,739,000	-12.78%	85.63	85.21	84.81	81.08	78.29	47.82	41.43	48.72	30.60	28.60	0.24	0.46	-0.23	0.86
BIO	BIO-RAD LABORATORIES INC	$319.08	224,000	11.44%	311.31	308.44	312.47	304.26	274.33	57.75	83.87	85.78	88.02	95.26	1.90	-0.61	2.51	0.97
SYK	STRYKER CORP	$367.21	1,449,000	-33.38%	356.54	355.27	360.47	370.10	374.41	61.13	93.72	71.80	98.98	69.19	0.07	-2.00	2.07	0.87
ATEC	ALPHATEC HOLDINGS INC	$22.68	4,249,000	200.07%	21.30	20.72	20.36	17.77	14.73	71.47	90.46	90.30	100.00	96.40	0.50	0.35	0.14	1.23
CERS	CERUS CORP	$2.09	632,000	-26.68%	2.06	2.08	1.82	1.62	1.49	56.95	46.71	38.84	45.43	35.29	0.06	0.08	-0.02	1.79
PEN	PENUMBRA INC	$315.54	491,000	-13.56%	314.60	313.35	288.76	274.30	268.16	61.11	73.11	68.59	37.37	33.98	6.72	8.14	-1.41	1.04
BWAY	BRAINSWAY LTD	$23.09	216,000	-7.30%	20.27	18.86	17.29	16.42	13.54	80.27	87.27	89.49	100.00	97.75	1.35	0.94	0.41	0.83
BSX	BOSTON SCIENTIFIC CORP	$98.38	9,736,000	0.36%	96.43	95.26	97.84	99.47	100.84	58.34	83.77	82.76	97.31	90.90	0.06	-0.48	0.54	0.71
ITGR	INTEGER HOLDINGS CORP	$82.79	612,000	2.34%	79.39	77.30	72.24	87.55	102.29	70.32	89.78	84.74	90.60	77.43	1.93	1.40	0.53	0.91
PHG	KONINKLIJKE PHILIPS NV	$29.43	836,000	40.98%	27.82	27.24	27.57	27.72	26.06	72.89	97.39	94.85	100.00	96.95	0.35	0.03	0.32	0.92
APYX	APYX MEDICAL CORP	$3.46	37,000	-6.09%	3.50	3.62	3.71	3.05	2.35	41.12	30.13	31.81	54.69	59.14	-0.08	-0.06	-0.02	1.29
NPCE	NEUROPACE INC	$16.96	659,000	33.13%	15.99	16.10	14.69	12.33	11.89	64.00	71.00	57.10	91.35	68.88	0.38	0.40	-0.03	0.95
DCTH	DELCATH SYSTEMS INC	$10.21	528,000	20.27%	10.24	10.17	9.58	10.29	11.67	53.94	66.59	65.81	76.10	74.33	0.16	0.16	0.00	0.92
SIBN	SI-BONE INC	$20.88	626,000	-34.45%	20.28	19.89	18.55	16.95	16.79	62.95	78.81	72.57	67.03	55.16	0.57	0.56	0.01	1.19
SGHT	SIGHT SCIENCES INC	$7.53	173,000	1.76%	8.01	8.17	7.41	5.63	4.52	44.43	12.57	13.68	3.16	4.65	0.01	0.20	-0.20	1.79
ZBH	ZIMMER BIOMET HOLDINGS INC	$94.08	1,636,000	-28.18%	91.64	91.36	92.64	97.22	97.14	56.57	78.26	76.98	82.72	85.81	-0.04	-0.58	0.54	0.66
CNMD	CONMED CORP	$44.20	632,000	-21.59%	41.77	40.84	42.36	46.11	50.09	63.34	83.65	81.36	99.10	95.38	0.22	-0.35	0.57	1.09
MDT	MEDTRONIC PLC	$98.69	5,386,000	-24.33%	97.48	98.11	97.73	96.05	91.47	51.76	75.92	65.30	84.03	80.71	-0.14	-0.30	0.16	0.59
IRTC	IRHYTHM TECHNOLOGIES INC	$189.25	162,000	-48.41%	180.82	176.18	177.70	176.42	154.87	66.82	87.39	83.79	100.00	95.58	2.56	0.88	1.68	1.28
INSP	INSPIRE MEDICAL SYSTEMS INC	$95.00	1,166,000	47.78%	94.79	104.69	102.40	92.25	114.39	40.92	32.07	22.08	51.82	37.70	-4.43	-3.31	-1.13	1.35
CTKB	CYTEK BIOSCIENCES INC	$5.43	542,000	-41.34%	5.19	5.04	4.96	4.45	3.95	61.31	87.25	84.49	92.21	91.07	0.11	0.06	0.05	1.43
QDEL	QUIDELORTHO CORP	$33.51	886,000	-33.58%	30.36	29.69	26.89	27.62	28.26	72.38	95.54	88.59	100.00	87.12	1.38	1.00	0.38	0.95
NVCR	NOVOCURE LTD	$14.87	1,353,000	25.98%	13.68	13.37	12.53	12.77	14.60	69.68	95.19	88.53	100.00	94.23	0.48	0.32	0.15	1.45
INMD	INMODE LTD	$14.26	1,589,000	125.71%	14.88	14.66	14.49	14.76	14.76	43.54	64.35	80.87	66.67	87.05	0.16	0.12	0.04	1.67
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$2.04	6,794,000	-17.99%	1.90	1.96	2.02	1.72	1.49	52.51	79.69	72.86	92.72	93.17	-0.02	-0.04	0.02	2.50
GKOS	GLAUKOS CORP	$114.15	626,000	61.34%	113.89	113.32	102.22	94.10	94.43	61.84	47.44	39.93	25.18	18.70	2.87	3.83	-0.96	1.20
OFIX	ORTHOFIX MEDICAL INC	$16.20	224,000	-1.32%	15.41	15.47	15.41	15.10	13.72	62.19	78.24	61.76	100.00	82.19	0.05	-0.01	0.06	0.99
LNSR	LENSAR INC	$11.67	68,000	231.71%	11.66	11.74	11.18	11.71	12.54	54.44	35.96	25.57	35.64	21.01	0.11	0.17	-0.06	0.48
MASS	908 DEVICES INC	$5.42	197,000	-21.51%	5.35	5.62	6.21	6.76	6.32	41.89	37.40	34.75	85.56	77.44	-0.27	-0.30	0.03	1.76
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$72.92	405,000	7.71%	71.83	72.68	67.33	54.46	45.96	55.39	49.39	34.07	33.78	18.82	0.88	1.75	-0.88	1.62
ABT	ABBOTT LABORATORIES	$126.18	3,475,000	-47.60%	125.69	125.53	126.03	129.01	130.04	51.03	64.70	60.69	76.44	72.20	0.04	-0.24	0.29	0.55
CBLL	CERIBELL INC	$23.07	317,000	-53.24%	21.75	21.47	17.30	14.69	15.59	72.56	78.73	57.02	63.17	35.62	1.28	1.41	-0.13	1.54
LMRI	LUMEXA IMAGING HOLDINGS INC	$17.73	1,321,000	95.70%	17.79	N/A	N/A	N/A	N/A	47.13	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.35
INGN	INOGEN INC	$7.22	113,000	-65.96%	6.82	6.83	7.05	7.68	7.23	60.03	71.10	52.11	94.81	69.71	-0.02	-0.10	0.08	1.21
PROF	PROFOUND MEDICAL CORP	$8.48	320,000	-9.09%	7.73	7.62	6.83	5.90	5.68	70.54	86.12	80.20	72.02	52.63	0.36	0.32	0.04	1.00
BFLY	BUTTERFLY NETWORK INC	$4.15	4,224,000	-22.57%	3.93	3.64	3.01	2.46	2.29	70.32	92.58	90.15	86.64	78.40	0.31	0.30	0.02	2.30
BRKR	BRUKER CORP	$52.48	2,104,000	13.67%	49.67	47.91	45.23	39.70	39.26	69.27	91.86	92.42	95.69	94.81	1.86	1.41	0.46	1.10
HSDT	HELIUS MEDICAL TECHNOLOGIES INC	$3.13	604,000	535.79%	3.03	3.07	4.00	7.73	64.65	42.28	64.47	66.03	90.80	96.93	-0.33	-0.50	0.17	1.29
POAS	PHAOS TECHNOLOGY (CAYMAN) HOLDINGS LTD	$3.45	5,659,000	504.59%	3.51	3.61	N/A	N/A	N/A	49.18	51.96	46.95	36.24	29.49	N/A	N/A	N/A	1.73
SI	SHOULDER INNOVATIONS INC	$15.06	106,000	570.89%	26.09	20.60	17.15	15.34	N/A	48.30	1.39	1.05	0.31	0.16	0.55	2.03	-1.48	-0.51
HYPR	HYPERFINE INC	$0.99	142,000	-32.38%	1.00	1.01	1.04	1.23	1.02	46.66	43.30	42.12	61.41	58.99	-0.02	-0.02	0.00	1.23
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$1.32	44,000	-12.00%	1.35	1.37	1.37	1.74	3.09	42.06	27.22	23.12	33.45	17.67	-0.03	-0.02	-0.01	-0.10
SRTS	SENSUS HEALTHCARE INC	$4.43	43,300	11.89%	4.09	3.96	3.92	3.58	4.12	67.14	78.45	80.63	92.48	96.03	0.13	0.06	0.07	0.93
LUNG	PULMONX CORP	$2.10	424,000	11.87%	2.24	2.36	2.00	1.84	2.72	46.06	16.69	21.15	7.71	10.55	0.05	0.10	-0.05	1.44
MXCT	MAXCYTE INC	$1.47	390,000	-9.51%	1.55	1.54	1.57	1.55	1.93	41.57	13.71	26.56	8.40	23.60	-0.02	-0.01	-0.01	1.45
BBNX	BETA BIONICS INC	$31.99	748,000	16.88%	31.04	30.43	29.14	25.08	19.65	59.77	80.54	65.25	62.47	42.21	0.70	0.72	-0.02	1.89
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$2.36	4,068,000	1,278.98%	2.54	5.53	266.30	2,371.44	4,480.94	28.19	4.95	2.41	35.38	22.41	-113.00	-138.71	25.71	0.73
TNDM	TANDEM DIABETES CARE INC	$22.50	1,211,000	31.63%	22.51	22.29	19.82	16.46	17.30	56.32	54.05	54.62	42.01	47.83	0.77	0.91	-0.13	1.36
PMI	PICARD MEDICAL INC	$1.76	172,000	-36.30%	1.83	2.10	2.47	N/A	N/A	37.96	18.60	14.65	44.13	28.95	-0.34	-0.38	0.04	0.12
SSII	SS INNOVATIONS INTERNATIONAL INC	$5.60	60,500	52.78%	5.64	5.65	6.31	6.67	N/A	45.77	54.40	53.18	88.11	86.08	-0.18	-0.23	0.05	0.14
CODX	CO-DIAGNOSTICS INC	$6.12	85,000	-3.41%	6.08	7.34	9.83	10.56	9.79	37.69	26.70	21.72	60.98	49.81	-1.24	-1.23	-0.01	1.45
ARAY	ACCURAY INC	$0.89	562,000	13.31%	0.85	0.91	1.05	1.34	1.40	42.18	45.56	38.24	96.15	88.15	-0.06	-0.07	0.01	1.51
PRCT	PROCEPT BIOROBOTICS CORP	$34.48	710,000	-20.05%	32.74	33.62	32.67	34.90	45.11	55.47	68.22	53.27	86.22	68.25	0.10	-0.02	0.12	1.28
QTRX	QUANTERIX CORP	$6.51	351,000	-33.02%	6.47	6.80	6.39	5.82	5.75	45.88	26.74	21.73	55.47	37.45	-0.06	-0.01	-0.06	1.93
TMCI	TREACE MEDICAL CONCEPTS INC	$2.96	583,000	14.09%	2.61	2.63	3.40	5.13	5.78	53.87	89.10	73.75	97.18	98.12	-0.15	-0.27	0.12	1.28
RPID	RAPID MICRO BIOSYSTEMS INC	$3.25	174,000	16.00%	3.08	3.26	3.53	3.27	3.17	46.91	66.27	57.65	93.28	93.87	-0.13	-0.17	0.03	1.22
MOVE	MOVANO INC	$7.16	29,400	-32.10%	7.98	8.19	8.62	7.81	8.07	40.94	9.54	17.07	17.92	41.59	-0.30	-0.23	-0.07	1.12
TLSI	TRISALUS LIFE SCIENCES INC	$6.14	84,000	1.20%	6.48	6.90	5.95	5.40	5.24	43.53	18.87	16.45	9.87	4.94	-0.03	0.17	-0.20	0.18
OM	OUTSET MEDICAL INC	$4.67	543,000	21.48%	3.83	3.86	5.96	10.05	12.97	53.47	96.35	83.37	100.00	99.87	-0.42	-0.73	0.31	1.42
RBOT	VICARIOUS SURGICAL INC	$2.57	300,000	19.52%	2.27	2.33	3.13	4.60	6.23	49.14	78.28	81.55	91.70	95.10	-0.18	-0.30	0.13	1.48
KIDS	ORTHOPEDIATRICS CORP	$18.73	130,000	46.07%	17.97	17.85	17.52	18.28	19.97	59.77	83.57	80.54	89.06	88.38	0.18	0.07	0.12	1.20
SENS	SENSEONICS HOLDINGS INC	$7.12	587,000	126.64%	6.07	6.30	6.33	7.59	9.44	63.96	83.82	65.94	100.00	87.01	-0.02	-0.13	0.11	1.94
VVOS	VIVOS THERAPEUTICS INC	$2.22	58,300	-23.29%	2.21	2.12	2.25	2.91	3.16	50.65	47.52	60.39	59.80	73.72	0.01	-0.03	0.05	0.87
SINT	SINTX TECHNOLOGIES INC	$3.83	92,000	79.34%	3.75	3.70	3.59	3.86	3.31	53.25	65.26	60.47	75.83	68.35	0.04	0.02	0.02	1.49
IVF	INVO FERTILITY INC	$0.90	92,000	-71.52%	0.87	0.99	2.26	4.67	19.50	34.24	43.69	40.69	89.98	92.49	-0.40	-0.51	0.11	1.04
UFPT	UFP TECHNOLOGIES INC	$255.42	174,000	-0.57%	237.74	230.09	223.38	213.16	219.86	70.70	92.73	82.75	99.19	82.25	7.03	4.69	2.33	0.91
CLPT	CLEARPOINT NEURO INC	$15.31	507,000	7.64%	14.35	13.94	15.39	16.45	14.28	57.68	84.69	78.90	100.00	96.86	-0.05	-0.38	0.33	1.82
ICCM	ICECURE MEDICAL LTD	$0.70	269,000	18.50%	0.65	0.66	0.69	0.83	0.94	56.47	76.76	62.65	100.00	94.58	-0.01	-0.02	0.01	0.75
CATX	PERSPECTIVE THERAPEUTICS INC	$2.81	958,000	-33.29%	2.79	2.74	2.49	3.02	3.02	55.40	73.08	72.94	52.20	41.90	0.08	0.07	0.01	1.24
RXST	RXSIGHT INC	$9.57	552,000	-26.20%	10.44	11.41	10.68	9.73	11.57	32.42	3.68	5.66	0.00	0.88	-0.36	-0.05	-0.31	1.27
CVRX	CVRX INC	$8.45	197,000	1.03%	7.60	7.86	8.92	8.58	7.97	55.52	79.28	57.56	100.00	88.89	-0.28	-0.41	0.14	1.56
LUCD	LUCID DIAGNOSTICS INC	$1.23	941,000	58.95%	1.12	1.12	1.10	1.12	1.18	67.72	93.37	83.23	100.00	95.92	0.02	0.01	0.01	0.80
NNOX	NANO-X IMAGING LTD	$3.01	635,000	-1.70%	2.92	3.03	3.36	3.66	4.36	43.33	55.45	48.12	97.90	92.22	-0.15	-0.18	0.03	1.83
STEX	STREAMEX CORP	$3.21	737,000	-30.47%	3.19	3.54	4.00	4.68	4.35	39.64	31.80	25.60	86.86	71.97	-0.27	-0.29	0.02	1.19
COCH	ENVOY MEDICAL INC	$0.69	162,000	12.50%	0.70	0.72	0.74	0.90	1.19	43.81	24.71	23.82	56.53	58.15	-0.02	-0.02	-0.00	0.06
NXL	NEXALIN TECHNOLOGY INC	$0.71	109,000	-6.84%	0.65	0.75	1.00	1.02	1.17	42.27	67.11	53.67	93.95	88.41	-0.09	-0.11	0.02	1.41
ELUT	ELUTIA INC	$0.69	146,000	-65.07%	0.62	0.61	0.70	1.02	1.54	55.80	68.17	60.17	88.09	81.30	-0.01	-0.03	0.02	0.27
MYO	MYOMO INC	$0.98	613,000	27.18%	0.99	0.99	0.92	0.97	2.05	50.46	58.33	66.37	60.33	70.75	0.02	0.01	0.00	1.36

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jan 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. Tactile Systems Technology (NASDAQ:TCMD)

Tactile Systems Technology (NASDAQ:TCMD) 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 Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 50, which is 24 points higher than the medical device industry average of 26.

TCMD passed 16 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 74.9% over the past year, overperforming other medical device stocks by 165 percentage points.

Tactile Systems Technology has an average 1 year price target of $27.00, a downside of -12.14% from Tactile Systems Technology's current stock price of $30.73.

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.

2. Varex Imaging (NASDAQ:VREX)

Varex Imaging (NASDAQ:VREX) 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 Varex Imaging (NASDAQ:VREX) is: Value: B, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: C, and AI: B.

Varex Imaging (NASDAQ:VREX) has a Due Diligence Score of 24, which is -2 points lower than the medical device industry average of 26. Although this number is below the industry average, our proven quant model rates VREX as a "A".

VREX passed 7 out of 33 due diligence checks and has weak fundamentals. Varex Imaging has seen its stock lose -4.4% over the past year, overperforming other medical device stocks by 85 percentage points.

Varex Imaging has an average 1 year price target of $16.67, an upside of 25.88% from Varex Imaging's current stock price of $13.24.

Varex Imaging stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Varex Imaging, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% 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 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 Bioventus (NASDAQ:BVS) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 30, which is 4 points higher than the medical device industry average of 26.

BVS passed 10 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock lose -16.49% over the past year, overperforming other medical device stocks by 73 percentage points.

What are the medical device stocks with highest dividends?

Out of 8 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 2.23%, which is 1 percentage points higher than the medical device industry average of 1.02%. 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 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 1.4%, which is the same as the medical device industry average of 1.02%. 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 29.5% indicates that its dividend yield is sustainable for the long-term.

3. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) has an annual dividend yield of 1.36%, which is the same as the medical device industry average of 1.02%. Conmed's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Conmed's dividend has not shown consistent growth over the last 10 years.

Conmed's dividend payout ratio of 38.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 0.33% in the last day, and up 5.92% over the last week. Globus Medical was the among the top gainers in the medical devices industry, gaining 4.51% yesterday.

Globus Medical shares are trading higher after the company reported preliminary Q4 and FY26 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 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 -10.93% in the past year. It has overperformed other stocks in the medical device industry by 79 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 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -35.72% in the past year. It has overperformed other stocks in the medical device industry by 54 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 dropped -16.49% in the past year. It has overperformed other stocks in the medical device industry by 73 percentage points.

Are medical device stocks a good buy now?

57.73% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 33.19% over the next year.

10.78% of medical device stocks have a Zen Rating of A (Strong Buy), 17.65% of medical device stocks are rated B (Buy), 51.96% are rated C (Hold), 15.69% are rated D (Sell), and 3.92% 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 24.06x.

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. Tactile Systems Technology (NASDAQ:TCMD)

2. Varex Imaging (NASDAQ:VREX)

3. Bioventus (NASDAQ:BVS)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Conmed (NYSE:CNMD)

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. Tactile Systems Technology (NASDAQ:TCMD)

2. Varex Imaging (NASDAQ:VREX)

3. Bioventus (NASDAQ:BVS)

1. Smith & Nephew (NYSE:SNN)

2. Abbott Laboratories (NYSE:ABT)

3. Conmed (NYSE:CNMD)

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.