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 79th 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
BVS	BIOVENTUS INC	$8.41	442,000	-52.27%	8.72	8.55	8.12	7.68	7.25	53.24	39.88	49.44	35.06	38.26	0.17	0.20	-0.03	1.18
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$28.81	187,000	-17.26%	29.40	28.81	29.13	25.99	18.86	49.89	21.91	27.48	17.58	36.17	0.20	0.19	0.01	1.09
ELMD	ELECTROMED INC	$23.88	31,300	-39.81%	24.00	24.57	27.03	26.62	23.99	44.56	49.48	43.15	90.59	93.26	-0.90	-1.02	0.13	0.47
LIVN	LIVANOVA PLC	$63.84	495,000	-31.91%	67.55	67.16	65.06	61.29	55.16	34.29	14.77	22.86	0.00	3.93	-0.02	0.86	-0.88	0.94
VMD	VIEMED HEALTHCARE INC	$8.78	371,000	-23.03%	8.77	8.55	7.93	7.36	7.06	66.72	72.26	73.70	32.93	47.97	0.29	0.27	0.02	0.65
ALGN	ALIGN TECHNOLOGY INC	$174.00	1,741,000	56.28%	183.14	186.35	174.18	159.21	160.05	43.89	23.42	22.20	2.04	0.68	1.02	3.47	-2.45	1.57
VREX	VAREX IMAGING CORP	$11.53	367,000	26.55%	12.84	13.25	13.28	12.50	11.04	23.76	11.89	17.62	0.00	4.28	-0.38	-0.13	-0.25	1.10
SNN	SMITH & NEPHEW PLC	$34.31	735,000	-58.92%	35.80	35.77	34.40	34.23	33.74	41.04	12.01	31.45	0.00	9.81	0.17	0.49	-0.32	0.69
GMED	GLOBUS MEDICAL INC	$87.10	747,000	-29.66%	92.04	90.72	90.77	84.25	71.19	41.80	19.09	25.57	2.69	9.91	-0.10	0.50	-0.60	0.98
CNMD	CONMED CORP	$39.90	521,000	70.26%	43.68	43.45	42.02	42.68	47.43	33.90	11.43	17.57	0.00	0.00	-0.05	0.63	-0.68	1.09
STE	STERIS PLC	$230.51	808,000	-18.47%	243.63	245.31	253.70	253.20	246.61	28.40	11.37	14.74	0.00	5.89	-5.23	-3.33	-1.90	0.76
ANIK	ANIKA THERAPEUTICS INC	$14.12	124,000	-22.50%	13.54	11.98	10.53	10.09	10.03	85.08	91.96	91.62	83.74	88.09	1.26	0.96	0.30	0.80
PODD	INSULET CORP	$237.01	1,195,000	27.67%	244.00	245.86	263.58	289.36	301.30	40.37	12.44	12.90	32.42	44.41	-6.22	-6.71	0.48	1.11
AXGN	AXOGEN INC	$28.55	462,000	-47.50%	30.40	32.39	32.73	28.93	21.29	36.19	12.70	9.60	5.84	1.95	-1.12	-0.56	-0.56	1.20
IRMD	IRADIMED CORP	$98.72	73,000	35.19%	101.77	101.45	99.92	93.44	79.16	48.72	25.34	40.65	7.31	35.59	0.57	0.89	-0.31	0.90
SNWV	SANUWAVE HEALTH INC	$23.17	52,500	-31.82%	23.83	24.24	26.62	29.17	32.06	33.46	19.47	27.04	44.40	60.76	-0.96	-0.96	-0.00	0.71
SYK	STRYKER CORP	$364.56	1,217,000	-38.35%	379.34	374.51	365.32	365.05	374.31	43.60	26.38	42.29	1.91	15.87	2.59	4.72	-2.13	0.85
BWAY	BRAINSWAY LTD	$12.34	116,000	-15.94%	12.12	12.01	11.50	9.87	8.24	58.78	64.29	58.29	52.63	46.97	0.28	0.25	0.02	0.84
ATEC	ALPHATEC HOLDINGS INC	$12.23	1,851,000	-32.22%	13.28	13.34	15.99	17.57	15.44	37.65	20.16	16.70	25.94	25.68	-0.78	-0.86	0.08	1.24
DXCM	DEXCOM INC	$68.10	3,931,000	-22.92%	72.14	71.24	70.64	67.36	73.41	40.94	35.44	56.47	3.72	27.21	0.03	0.55	-0.52	1.15
AVNS	AVANOS MEDICAL INC	$13.29	429,000	32.82%	13.86	14.42	13.23	12.35	12.10	39.71	11.72	15.29	0.94	3.59	0.01	0.27	-0.25	0.89
EW	EDWARDS LIFESCIENCES CORP	$81.64	4,351,000	-18.15%	84.56	81.48	82.81	82.80	80.11	54.75	62.56	69.60	41.66	55.47	0.79	0.49	0.30	0.86
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$70.41	444,000	3.98%	74.30	74.17	71.01	66.80	53.35	41.46	28.82	31.77	0.88	0.95	0.17	1.18	-1.01	1.65
IRTC	IRHYTHM HOLDINGS INC	$123.59	547,000	-28.22%	130.35	140.11	156.15	166.82	161.91	31.26	11.12	13.74	3.31	5.71	-8.98	-7.76	-1.23	1.26
OFIX	ORTHOFIX MEDICAL INC	$12.62	305,000	-27.21%	12.94	13.22	13.85	14.65	13.66	36.00	18.38	23.35	6.19	14.92	-0.30	-0.25	-0.05	0.99
NPCE	NEUROPACE INC	$14.03	283,000	-53.83%	14.25	14.52	15.52	14.57	12.48	41.30	42.51	36.68	32.60	19.24	-0.45	-0.42	-0.03	0.94
SGHT	SIGHT SCIENCES INC	$3.71	910,000	-16.74%	4.90	5.19	6.23	6.48	5.12	32.02	12.78	23.05	11.66	29.33	-0.51	-0.41	-0.10	1.80
MDT	MEDTRONIC PLC	$90.90	10,787,000	28.91%	95.38	97.31	98.55	97.91	94.25	29.67	12.83	9.20	3.63	11.29	-1.87	-1.11	-0.75	0.56
BSX	BOSTON SCIENTIFIC CORP	$71.35	10,031,000	-21.76%	73.98	74.38	85.16	91.87	97.31	33.27	26.26	22.74	42.21	47.24	-3.47	-3.77	0.30	0.69
APYX	APYX MEDICAL CORP	$3.12	47,000	-34.17%	3.33	3.58	3.72	3.68	2.88	45.49	18.78	14.71	34.64	24.71	-0.17	-0.14	-0.03	1.28
SIBN	SI-BONE INC	$13.83	532,000	-29.54%	15.05	15.22	16.94	17.25	16.98	31.80	10.79	8.70	7.55	21.99	-0.65	-0.57	-0.08	1.15
AHCO	ADAPTHEALTH CORP	$9.49	1,300,000	-37.77%	9.39	9.87	10.10	9.84	9.49	47.50	54.49	53.43	72.35	69.80	-0.19	-0.18	-0.01	1.07
AORT	ARTIVION INC	$37.04	380,000	-7.32%	37.44	37.97	41.16	43.11	39.43	35.53	54.43	63.42	63.25	79.63	-1.06	-1.17	0.11	1.02
QDEL	QUIDELORTHO CORP	$20.83	1,154,000	5.39%	21.81	23.36	27.50	27.04	27.56	28.94	16.32	15.01	35.62	41.10	-1.94	-1.82	-0.12	0.98
CERS	CERUS CORP	$1.93	2,347,000	-14.34%	2.28	2.30	2.30	2.01	1.69	36.21	11.75	22.39	0.00	4.77	-0.06	0.00	-0.06	1.76
ABT	ABBOTT LABORATORIES	$109.56	11,100,000	38.91%	113.60	113.12	116.15	121.36	126.76	47.33	24.49	23.95	17.43	16.85	-0.70	-0.69	-0.01	0.54
PHG	KONINKLIJKE PHILIPS NV	$28.93	1,088,000	21.70%	30.75	31.05	29.72	28.71	27.25	43.28	14.90	22.09	5.24	8.00	0.03	0.38	-0.35	0.93
TNDM	TANDEM DIABETES CARE INC	$21.14	1,798,000	19.23%	24.10	22.29	21.49	19.90	17.68	43.95	32.16	39.29	20.20	28.84	0.55	0.89	-0.34	1.36
CBLL	CERIBELL INC	$17.83	304,000	-6.17%	18.44	19.32	20.71	18.12	16.32	38.93	27.75	24.27	33.11	22.24	-0.76	-0.63	-0.12	1.53
ITGR	INTEGER HOLDINGS CORP	$84.03	635,000	-7.97%	86.08	85.93	84.46	79.98	95.65	50.00	14.45	15.90	23.87	30.21	0.27	0.60	-0.32	0.91
MASS	908 DEVICES INC	$6.26	369,000	13.54%	6.65	6.67	6.22	6.53	6.67	46.77	24.64	27.54	20.43	28.56	0.04	0.11	-0.07	1.69
BFLY	BUTTERFLY NETWORK INC	$3.65	4,483,000	-13.32%	3.72	3.42	3.82	3.25	2.58	52.25	42.21	45.17	50.89	53.78	0.04	-0.03	0.07	2.26
ZBH	ZIMMER BIOMET HOLDINGS INC	$94.11	2,078,000	10.47%	97.32	96.72	92.15	93.41	95.28	44.69	21.01	23.21	2.22	1.48	1.01	1.86	-0.85	0.64
NVCR	NOVOCURE LTD	$13.04	1,450,000	-37.39%	13.46	12.27	12.78	12.68	13.63	51.60	56.25	60.03	50.13	57.52	0.34	0.19	0.15	1.43
BRKR	BRUKER CORP	$36.68	1,689,000	-12.98%	39.08	39.27	44.70	43.81	40.11	35.51	23.29	34.85	29.62	46.40	-1.74	-1.79	0.05	1.11
INMD	INMODE LTD	$13.23	651,000	89.24%	13.65	14.13	14.55	14.58	14.57	35.68	7.92	9.12	1.95	0.65	-0.38	-0.27	-0.11	1.66
INSP	INSPIRE MEDICAL SYSTEMS INC	$62.99	1,050,000	71.57%	63.18	62.69	77.33	88.33	98.22	39.13	18.39	24.34	70.21	75.35	-3.93	-5.22	1.30	1.31
BIO	BIO-RAD LABORATORIES INC	$269.85	277,000	-5.14%	275.68	277.07	295.84	305.38	284.36	40.25	50.02	61.37	54.18	74.33	-5.83	-6.85	1.03	0.95
TMDX	TRANSMEDICS GROUP INC	$129.61	1,076,000	28.40%	139.66	136.75	135.17	131.46	126.10	47.83	34.59	54.09	22.91	50.00	1.10	1.41	-0.31	1.63
CV	CAPSOVISION INC	$5.12	175,000	-23.58%	5.19	5.02	6.32	6.56	N/A	44.98	51.15	54.89	65.74	69.32	-0.21	-0.32	0.11	1.24
LNSR	LENSAR INC	$11.80	29,400	-44.11%	12.01	11.98	12.01	11.63	12.18	47.48	69.60	71.98	73.09	83.46	-0.02	-0.02	-0.00	0.48
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$9.73	907,000	2.83%	10.64	11.05	11.69	12.44	12.95	28.95	10.22	12.82	0.00	1.52	-0.48	-0.30	-0.18	1.04
SGP	SPYGLASS PHARMA INC	$26.68	97,000	7.78%	27.52	27.85	N/A	N/A	N/A	40.78	28.57	25.52	N/A	N/A	N/A	N/A	N/A	-0.24
CTKB	CYTEK BIOSCIENCES INC	$4.22	731,000	4.58%	4.39	4.35	4.87	4.81	4.20	42.20	44.00	51.46	64.82	70.60	-0.13	-0.16	0.03	1.44
GKOS	GLAUKOS CORP	$107.73	623,000	42.56%	116.17	114.94	115.72	105.59	99.13	36.43	30.13	43.54	7.59	26.08	-1.02	0.34	-1.36	1.19
KIDS	ORTHOPEDIATRICS CORP	$18.05	183,000	79.41%	18.08	17.49	17.76	17.59	19.03	59.62	55.63	55.68	63.51	65.16	0.28	0.11	0.17	1.21
LUNG	PULMONX CORP	$2.02	4,482,000	149.14%	1.63	1.55	1.77	1.82	2.06	57.45	63.85	52.14	89.46	79.29	0.01	-0.05	0.06	1.39
LMRI	LUMEXA IMAGING HOLDINGS INC	$14.80	677,000	81.02%	14.91	14.63	14.94	N/A	N/A	50.55	45.43	59.46	22.20	35.48	0.15	0.05	0.11	1.52
POAS	PHAOS TECHNOLOGY (CAYMAN) HOLDINGS LTD	$1.69	252,000	-10.32%	1.61	2.36	3.23	N/A	N/A	40.08	46.50	34.84	76.46	63.51	-0.57	-0.61	0.04	-0.99
HSDT	SOLANA CO	$2.19	184,000	-15.60%	2.12	2.06	2.59	3.88	17.51	51.04	81.00	77.40	91.33	91.02	-0.11	-0.19	0.08	1.34
ECOR	ELECTROCORE INC	$6.85	47,000	2.84%	7.41	6.63	6.28	5.65	5.63	48.79	54.21	71.63	23.47	54.25	0.33	0.34	-0.01	0.78
HYPR	HYPERFINE INC	$1.07	305,000	404.13%	1.10	1.11	1.11	1.12	1.11	55.51	52.38	44.13	51.55	38.63	-0.01	-0.01	0.00	1.28
INGN	INOGEN INC	$6.47	338,000	-53.83%	6.25	6.02	6.21	6.81	7.07	56.00	83.69	86.04	87.48	86.45	0.08	0.00	0.08	1.20
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.38	8,953,000	94.72%	1.57	1.64	1.93	1.97	1.64	33.41	8.34	8.29	15.32	27.80	-0.15	-0.13	-0.01	2.44
SI	SHOULDER INNOVATIONS INC	$13.01	83,000	15.28%	13.28	13.21	13.83	13.76	N/A	49.65	59.01	53.18	30.34	19.88	-0.15	-0.19	0.03	0.81
CATX	PERSPECTIVE THERAPEUTICS INC	$4.97	1,054,000	-10.37%	5.25	5.17	3.95	3.31	3.43	57.07	39.36	43.47	6.58	4.38	0.33	0.44	-0.11	1.18
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$1.11	12,000	-43.40%	1.23	1.37	1.81	180.37	3,531.44	28.28	9.44	9.63	41.23	41.66	-6.22	-9.01	2.79	0.87
PROF	PROFOUND MEDICAL CORP	$5.31	1,984,000	2,056.52%	7.02	6.86	7.36	6.89	6.14	28.25	29.79	49.96	22.49	46.28	-0.24	-0.08	-0.16	1.04
TLSI	TRISALUS LIFE SCIENCES INC	$4.47	756,000	204.84%	5.00	4.90	5.39	5.52	5.19	41.31	27.35	32.46	24.85	35.12	-0.15	-0.13	-0.02	0.22
PMI	PICARD MEDICAL INC	$1.08	96,000	-68.32%	1.10	1.29	1.60	2.86	N/A	39.68	22.61	15.61	80.96	65.61	-0.19	-0.20	0.01	0.78
IVF	INVO FERTILITY INC	$0.85	96,000	-15.79%	0.91	0.97	1.08	2.16	10.01	38.36	17.72	18.22	3.75	8.85	-0.10	-0.09	-0.00	0.54
DCTH	DELCATH SYSTEMS INC	$9.08	359,000	-8.42%	9.21	9.40	9.86	9.80	11.05	44.71	35.06	33.40	40.19	37.01	-0.23	-0.21	-0.02	0.91
RPID	RAPID MICRO BIOSYSTEMS INC	$4.12	76,000	-18.72%	4.28	4.13	3.87	3.69	3.48	52.11	51.12	57.89	22.16	34.98	0.08	0.09	-0.01	1.22
LUCD	LUCID DIAGNOSTICS INC	$1.40	448,000	-53.14%	1.44	1.37	1.25	1.19	1.17	63.70	67.95	71.76	17.82	32.25	0.06	0.06	-0.00	0.79
QTRX	QUANTERIX CORP	$5.06	528,000	-46.50%	5.88	5.88	6.40	6.33	5.91	34.43	11.14	18.96	1.13	10.62	-0.27	-0.19	-0.08	1.90
MOVE	MOVANO INC	$13.50	61,000	88.85%	12.76	12.35	11.42	9.93	8.35	54.81	69.15	80.47	80.13	90.21	0.42	0.26	0.16	1.15
SSII	SS INNOVATIONS INTERNATIONAL INC	$4.44	78,000	113.11%	4.75	4.50	4.86	5.95	6.11	50.50	54.90	61.22	48.51	58.05	0.00	-0.04	0.05	0.26
MXCT	MAXCYTE INC	$0.78	1,087,000	-59.27%	0.79	0.76	1.06	1.33	1.59	38.80	64.76	68.42	85.86	87.05	-0.06	-0.09	0.03	1.44
STEX	STREAMEX CORP	$1.99	1,869,000	102.49%	2.18	2.34	2.90	3.66	4.69	37.46	15.42	14.57	44.25	39.22	-0.28	-0.28	0.01	1.19
OM	OUTSET MEDICAL INC	$3.18	325,000	41.92%	3.43	3.62	4.25	6.16	11.32	35.55	27.38	27.15	49.32	66.27	-0.33	-0.33	0.01	1.47
PAVM	PAVMED INC	$10.42	28,000	60.00%	10.28	10.20	9.17	10.22	13.04	57.48	80.49	78.46	93.56	91.52	0.27	0.26	0.02	1.45
UFPT	UFP TECHNOLOGIES INC	$208.92	215,000	22.16%	214.44	231.20	242.70	229.16	225.83	40.16	22.24	15.45	34.41	17.10	-11.46	-9.03	-2.43	0.92
FEED	ENVUE MEDICAL INC	$2.01	1,495,000	1,007.41%	2.06	2.42	2.28	3.46	5.79	43.05	17.41	11.81	26.44	13.64	-0.19	-0.11	-0.08	0.69
BBNX	BETA BIONICS INC	$10.61	907,000	-51.70%	12.00	12.94	17.74	22.45	20.14	25.17	13.17	9.34	8.64	2.88	-1.67	-1.74	0.07	1.72
INBS	INTELLIGENT BIO SOLUTIONS INC	$4.06	30,300	-46.18%	4.19	4.57	7.84	7.86	11.81	34.06	27.64	31.57	80.81	84.61	-0.99	-1.14	0.15	1.17
CLPT	CLEARPOINT NEURO INC	$10.00	2,125,000	75.33%	11.51	12.69	13.59	15.59	14.39	45.06	24.64	13.64	31.22	16.13	-1.04	-0.71	-0.33	1.84
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$0.84	308,000	-4.64%	0.75	0.75	0.81	0.77	0.77	52.10	68.54	69.02	89.40	93.64	-0.00	-0.02	0.02	0.79
XAIR	BEYOND AIR INC	$0.81	124,000	-3.88%	0.89	0.98	1.12	1.34	2.19	38.13	17.20	18.43	13.70	7.80	-0.10	-0.09	-0.01	0.98
NNOX	NANO-X IMAGING LTD	$2.70	846,000	27.03%	2.54	2.43	2.71	3.16	3.89	56.43	86.00	82.68	94.92	94.92	-0.02	-0.08	0.06	1.84
SRTS	SENSUS HEALTHCARE INC	$4.25	40,800	-34.19%	4.24	4.25	4.52	4.14	4.13	49.59	50.50	55.28	67.07	72.39	-0.07	-0.11	0.04	0.93
VVOS	VIVOS THERAPEUTICS INC	$1.33	51,000	-39.57%	1.41	1.51	1.76	2.08	2.97	33.42	12.55	15.93	28.47	35.44	-0.11	-0.11	-0.00	0.89
SENS	SENSEONICS HOLDINGS INC	$5.96	594,000	-28.43%	7.36	7.64	7.16	6.93	8.35	36.45	10.32	10.53	6.05	2.69	-0.21	0.06	-0.27	1.88
PRCT	PROCEPT BIOROBOTICS CORP	$24.22	2,415,000	27.37%	25.50	26.79	29.26	31.14	39.78	42.48	60.21	62.85	74.97	82.54	-1.24	-1.22	-0.02	1.29
CVRX	CVRX INC	$8.25	196,000	1.03%	8.05	6.91	6.96	8.17	7.73	57.71	87.64	91.21	86.67	93.26	0.43	0.25	0.18	1.55
TMCI	TREACE MEDICAL CONCEPTS INC	$1.43	1,122,000	-23.73%	1.71	1.84	2.25	3.23	4.77	39.13	18.61	11.11	26.14	10.82	-0.22	-0.20	-0.02	1.29
RCEL	AVITA MEDICAL INC	$4.75	138,000	-13.75%	5.01	4.62	4.13	3.96	4.66	58.02	46.80	50.84	5.61	16.97	0.24	0.26	-0.02	1.44
ELUT	ELUTIA INC	$1.09	244,000	25.77%	1.14	1.09	0.93	0.84	1.30	59.13	28.88	40.94	11.10	23.58	0.06	0.07	-0.01	0.27
RXST	RXSIGHT INC	$7.69	779,000	35.01%	7.94	8.14	9.02	9.65	9.99	37.23	32.25	33.60	28.54	35.12	-0.38	-0.38	-0.01	1.28
MYO	MYOMO INC	$0.80	730,000	48.37%	0.77	0.78	0.87	0.91	1.34	50.59	85.47	83.94	90.02	92.71	-0.02	-0.03	0.01	1.28
MDAI	SPECTRAL AI INC	$1.40	126,000	-42.47%	1.41	1.46	1.55	1.68	1.94	39.81	26.28	27.40	49.81	47.15	-0.05	-0.05	0.00	0.44

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.