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 106th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Zen Rating
Financials
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
LIVN
LIVANOVA PLC
$3.07B-17.70%-8.40%-7.27%-13.90%1.231.2969.10%-16.10%-9.33%
SNN
SMITH & NEPHEW PLC
$16.58B7.70%3.90%7.03%8.30%0.933.0069.60%7.10%11.07%
BVS
BIOVENTUS INC
$597.77M-0.10%0.00%6.80%8.10%3.141.4867.60%0.00%6.29%
STE
STERIS PLC
$24.61B9.70%6.30%9.72%17.30%0.492.2244.10%11.60%16.54%
ELMD
ELECTROMED INC
$199.38M17.50%14.50%23.73%37.60%0.254.3178.10%11.80%16.07%
EW
EDWARDS LIFESCIENCES CORP
$45.54B41.30%31.60%36.31%71.50%0.274.6878.90%73.00%77.18%
VMD
VIEMED HEALTHCARE INC
$262.97M10.50%7.90%14.12%21.00%0.311.4858.30%5.80%8.63%
AXGN
AXOGEN INC
$755.07M-4.40%-2.30%1.81%1.50%0.834.1474.30%-2.30%1.60%
AVNS
AVANOS MEDICAL INC
$567.04M-50.40%-37.40%-51.86%-96.70%0.342.6553.80%-66.90%-67.73%
PODD
INSULET CORP
$24.06B18.40%7.20%13.03%11.10%1.372.2670.70%10.00%13.58%
AORT
ARTIVION INC
$1.74B-7.30%-2.70%1.56%1.90%1.695.5363.90%-5.50%2.95%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$301.17M7.30%5.30%10.14%17.90%0.403.7974.70%5.10%7.90%
IRMD
IRADIMED CORP
$906.55M23.30%20.60%26.67%70.60%0.138.7877.00%26.60%33.54%
BWAY
BRAINSWAY LTD
$296.59M9.00%5.70%9.19%51.50%0.643.5174.50%11.60%17.17%
VREX
VAREX IMAGING CORP
$468.95M-7.60%-3.30%4.45%4.80%1.444.0533.70%-5.10%6.39%
AHCO
ADAPTHEALTH CORP
$1.26B5.20%1.80%7.02%8.50%1.741.0622.00%2.50%8.08%
SNWV
SANUWAVE HEALTH INC
$316.39MN/A-125.30%125.29%108.30%-2.780.4076.60%-89.90%-56.82%
GMED
GLOBUS MEDICAL INC
$7.93B8.60%7.10%8.18%19.10%0.164.0762.80%13.60%14.13%
BSX
BOSTON SCIENTIFIC CORP
$152.19B11.50%6.30%9.18%16.10%0.841.3768.30%13.50%18.05%
MASI
MASIMO CORP
$8.01B-40.80%-17.60%-24.18%-21.70%1.302.1552.80%-24.80%-23.69%
SYK
STRYKER CORP
$146.55B14.10%6.50%8.58%12.50%1.191.7864.10%12.30%14.07%
PEN
PENUMBRA INC
$10.64B12.40%9.40%11.42%15.60%0.296.7566.50%11.50%13.54%
MDT
MEDTRONIC PLC
$120.61B9.60%5.10%8.02%12.30%0.892.0165.30%13.60%18.63%
ATEC
ALPHATEC HOLDINGS INC
$2.26BN/A-21.40%-20.72%-14.60%32.252.8868.80%-24.30%-19.32%
DXCM
DEXCOM INC
$29.89B25.60%8.50%19.99%14.40%1.851.5258.80%13.30%18.67%
ITGR
INTEGER HOLDINGS CORP
$3.55B5.00%2.60%5.28%7.10%0.983.4126.90%4.60%9.28%
DCTH
DELCATH SYSTEMS INC
$379.20M3.40%2.90%1.18%2.70%0.1110.8885.90%3.20%1.79%
PHG
KONINKLIJKE PHILIPS NV
$26.09B-5.80%-2.40%3.11%4.90%1.411.2343.10%-3.90%3.60%
ZBH
ZIMMER BIOMET HOLDINGS INC
$20.42B6.60%3.70%6.11%10.70%0.831.8771.10%10.50%15.74%
SIBN
SI-BONE INC
$677.31M-14.20%-10.40%-10.07%-10.10%0.368.3879.40%-12.80%-11.21%
INMD
INMODE LTD
$938.03M26.60%23.60%22.41%27.70%0.139.6080.00%44.50%35.81%
ABT
ABBOTT LABORATORIES
$232.75B29.80%17.40%11.94%19.60%0.651.8256.00%32.40%19.55%
IRTC
IRHYTHM TECHNOLOGIES INC
$5.78B-104.70%-9.90%-9.43%-6.90%8.305.0269.80%-14.10%-11.93%
QDEL
QUIDELORTHO CORP
$1.94B-15.60%-7.20%-4.66%-5.30%1.281.1247.30%-17.00%-8.90%
CNMD
CONMED CORP
$1.64B11.40%4.80%8.45%11.60%1.322.2356.10%8.30%12.96%
TMDX
TRANSMEDICS GROUP INC
$3.91B28.00%8.60%10.58%9.50%1.809.8659.80%13.50%16.60%
SRDX
SURMODICS INC
$457.00M-17.30%-11.60%-7.42%-12.70%0.485.1473.40%-16.30%-9.11%
BIO
BIO-RAD LABORATORIES INC
$7.59B4.60%3.20%5.16%5.20%0.435.1252.80%12.50%19.54%
GKOS
GLAUKOS CORP
$4.75B-12.50%-9.60%-9.54%-15.70%0.295.5176.30%-21.40%-20.00%
OFIX
ORTHOFIX MEDICAL INC
$588.86M-25.40%-14.50%-13.66%-18.20%0.832.6767.40%-15.30%-11.63%
INGN
INOGEN INC
$230.92M-13.80%-8.50%-10.91%-27.00%0.563.0345.20%-7.60%-7.78%
ALGN
ALIGN TECHNOLOGY INC
$9.54B11.30%7.00%14.70%22.50%0.591.2369.80%11.00%15.65%
CERS
CERUS CORP
$235.79M-34.20%-9.30%-7.75%-4.70%2.832.0060.90%-8.70%-4.61%
INSP
INSPIRE MEDICAL SYSTEMS INC
$2.37B7.90%6.80%8.30%9.50%0.186.1484.50%6.20%6.83%
QIPT
QUIPT HOME MEDICAL CORP
$116.86M-9.80%-4.20%-2.31%-2.70%1.301.1518.10%-4.50%-1.78%
BFLY
BUTTERFLY NETWORK INC
$395.23M-30.50%-21.80%-22.89%-46.00%0.355.6862.00%-71.80%-70.25%
OM
OUTSET MEDICAL INC
$242.62M-145.40%-38.40%-34.42%-25.50%0.778.3735.90%-98.70%-79.73%
ANIK
ANIKA THERAPEUTICS INC
$125.00M-38.50%-29.80%-33.47%-40.90%0.276.1857.80%-66.00%-62.53%
SSII
SS INNOVATIONS INTERNATIONAL INC
$1.12B-60.50%-31.10%-30.49%-43.40%0.672.5949.20%-66.20%-61.11%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$1.17B-35.60%-12.70%-17.55%-18.30%2.531.2352.60%-30.90%-29.63%
NPCE
NEUROPACE INC
$326.18M-168.60%-25.50%-19.51%-12.40%4.465.4775.70%-29.30%-19.60%
CBLL
CERIBELL INC
$424.20M-48.40%-28.50%-24.62%-58.20%0.2113.3187.80%-63.80%-61.27%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$351.43M-189.20%-47.90%-67.46%-43.90%12.436.9221.40%-337.20%-330.88%
CV
CAPSOVISION INC
$192.71MN/AN/AN/AN/A-0.041.85N/AN/AN/A
BRKR
BRUKER CORP
$4.69B4.40%1.30%2.82%3.20%2.491.6148.30%2.30%4.09%
PRCT
PROCEPT BIOROBOTICS CORP
$2.07B-23.70%-17.30%-17.32%-35.60%0.339.2164.20%-30.60%-29.19%
UFPT
UFP TECHNOLOGIES INC
$1.54B18.90%10.50%16.72%22.90%0.652.7728.80%11.40%16.07%
NVCR
NOVOCURE LTD
$1.36B-47.70%-13.80%-34.82%-16.90%2.571.4576.40%-27.10%-27.42%
TNON
TENON MEDICAL INC
$10.57M-167.30%-106.80%-148.01%-992.60%0.663.8645.40%-429.50%-429.45%
KIDS
ORTHOPEDIATRICS CORP
$492.70M-11.70%-8.60%-8.41%-12.70%0.426.6771.50%-18.90%-17.72%
LUCD
LUCID DIAGNOSTICS INC
$111.73M-1,908.50%-217.40%-597.53%-994.80%3.921.15-59.20%-1,555.50%-1,266.88%
ARAY
ACCURAY INC
$176.90M-2.80%-0.30%5.07%4.00%4.791.6532.10%-0.30%3.07%
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$29.35M-219.70%-127.20%-234.28%-893.80%0.872.02N/AN/AN/A
CTKB
CYTEK BIOSCIENCES INC
$501.26M-1.70%-1.30%-0.52%-0.80%0.315.2354.40%-3.30%-1.12%
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$8.14M-699.90%-415.20%-339.14%-6,223.70%0.314.32-89.20%-7,215.30%-6,998.98%
AIMD
AINOS INC
$16.58M-108.30%-56.90%-63.96%-142.60%1.092.8882.30%-14,182.70%-13,453.71%
NUWE
NUWELLIS INC
$3.77M-1,357.90%-179.00%-77.58%-183.80%-2.032.1660.50%-176.40%-49.51%
RPID
RAPID MICRO BIOSYSTEMS INC
$133.74M-63.10%-48.30%-78.14%-75.00%0.393.677.50%-145.60%-152.69%
CLPT
CLEARPOINT NEURO INC
$298.20M-94.40%-51.60%-39.84%-99.60%2.187.3060.40%-66.20%-65.79%
TMCI
TREACE MEDICAL CONCEPTS INC
$456.11M-46.80%-23.40%-26.69%-20.90%1.123.5280.10%-23.00%-20.55%
SGHT
SIGHT SCIENCES INC
$178.89M-54.60%-34.90%-37.78%-92.50%0.6710.4785.70%-63.20%-56.86%
BBLG
BONE BIOLOGICS CORP
$3.82M-177.20%-164.30%-63.98%-3,346.40%0.0617.24N/AN/AN/A
LUNG
PULMONX CORP
$69.27M-69.80%-36.30%-42.56%-45.20%1.135.3573.10%-62.90%-58.63%
SI
SHOULDER INNOVATIONS INC
$319.85MN/AN/AN/AN/A-0.385.52N/AN/AN/A
MASS
908 DEVICES INC
$202.08M-13.30%-10.20%-11.43%-30.90%0.294.9848.60%-30.50%-30.65%
INBS
INTELLIGENT BIO SOLUTIONS INC
$16.07M-227.50%-110.50%-362.50%767.00%1.810.7753.30%-273.10%-271.56%
PTHL
PHETON HOLDINGS LTD
$12.13MN/AN/A-10.33%N/A0.0912.4085.00%-147.40%-142.52%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.08B-210.40%-28.60%-25.10%-17.00%7.653.3666.40%-52.30%-38.98%
TNDM
TANDEM DIABETES CARE INC
$829.08M-104.10%-22.10%-31.23%-18.00%5.572.4452.50%-20.50%-19.46%
HIND
VYOME HOLDINGS INC
$4.92M-217.00%-69.40%-76.34%-710.60%0.552.7762.60%-69.70%-68.97%
HYPR
HYPERFINE INC
$111.59M-84.80%-69.40%-105.67%-318.20%0.295.0245.80%-364.50%-364.54%
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$87.54M88.70%24.40%33.50%38.10%0.961.7788.20%33.60%39.20%
PMI
PICARD MEDICAL INC
$526.96MN/AN/AN/AN/A-0.840.21N/AN/AN/A
ECOR
ELECTROCORE INC
$35.95M-235.80%-73.50%-268.57%-141.00%12.081.1085.50%-47.80%-47.91%
SMLR
SEMLER SCIENTIFIC INC
$432.15M17.20%12.90%9.62%15.40%0.360.6090.80%86.20%108.74%
VTAK
CATHETER PRECISION INC
$3.01M-245.00%-91.80%-82.39%4,791.10%2.800.4492.30%-4,010.00%-2,872.67%
CARL
CARLSMED INC
$393.13MN/AN/AN/AN/A-0.334.87N/AN/AN/A
TLSI
TRISALUS LIFE SCIENCES INC
$220.91MN/A-102.70%-82.30%-78.20%-3.134.0984.70%-86.60%-73.16%
SRTS
SENSUS HEALTHCARE INC
$52.28M-1.60%-1.40%-0.94%-1.50%0.138.1452.20%-2.30%-1.31%
RBOT
VICARIOUS SURGICAL INC
$34.64M-147.50%-97.60%-166.59%-98.30%0.775.11N/AN/AN/A
HSCS
HEARTSCIENCES INC
$7.96M-383.30%-145.30%-236.86%-737.30%1.051.4757.80%-140,296.50%-129,710.70%
CVRX
CVRX INC
$205.81M-79.30%-41.00%-42.66%-70.20%1.0611.9983.50%-95.60%-85.77%
ICCM
ICECURE MEDICAL LTD
$57.80M-241.10%-125.80%-537.63%-14,451.00%2.661.1835.90%-559.00%-569.07%
BBNX
BETA BIONICS INC
$1.15BN/AN/AN/AN/A0.0914.68N/AN/AN/A
RCEL
AVITA MEDICAL INC
$120.54M-632.60%-71.70%-111.11%-59.90%-16.202.0985.50%-79.60%-72.25%
XAIR
BEYOND AIR INC
$12.70M-243.20%-115.90%-168.22%-138.90%1.783.24-24.60%-880.70%-826.24%
QTRX
QUANTERIX CORP
$186.77M-14.50%-11.80%-14.19%-14.80%0.258.2959.70%-35.30%-37.24%
NNOX
NANO-X IMAGING LTD
$249.53M-32.10%-28.70%-33.83%-74.60%0.134.19-100.90%-468.30%-485.39%
MXCT
MAXCYTE INC
$154.58M-22.10%-19.10%-21.50%-21.30%0.1512.4079.80%-125.20%-125.22%
NAOV
NANOVIBRONIX INC
$5.17M-27.60%-20.90%-10.47%4,110.90%0.271.0532.10%-231.90%-201.24%

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 15.35% over the past year, overperforming other medical device stocks by 49 percentage points.

Livanova has an average 1 year price target of $60.75, an upside of 8.06% from Livanova's current stock price of $56.22.

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 20.51% over the past year, overperforming other medical device stocks by 54 percentage points.

Smith & Nephew has an average 1 year price target of $36.00, a downside of -4.71% from Smith & Nephew's current stock price of $37.78.

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: A, 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 -33.73% over the past year.

Bioventus has an average 1 year price target of $13.50, an upside of 86.72% from Bioventus's current stock price of $7.23.

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 1.99%, which is 1 percentage points higher than the medical device industry average of 1.01%. 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 1.29%, which is the same as the medical device industry average of 1.01%. 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. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) has an annual dividend yield of 1.13%, which is the same as the medical device industry average of 1.01%. 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 22.5% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.22% in the last day, and down -1.94% 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 -11.46% in the past year. It has overperformed other stocks in the medical device industry by 22 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 -31.23% in the past year. It has overperformed other stocks in the medical device industry by 2 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 -13.9% in the past year. It has overperformed other stocks in the medical device industry by 20 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 28.89% 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), 45.05% are rated C (Hold), 23.42% are rated D (Sell), and 8.11% 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 31.61x.
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.