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 84th ranked industry out of 146 stock market industries

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
BVS	BIOVENTUS INC	$755.15M	16.30%	4.20%	10.13%	12.50%	2.20	1.69	68.70%	4.90%	8.83%
ELMD	ELECTROMED INC	$312.08M	22.10%	18.20%	27.56%	44.80%	0.21	4.91	78.40%	14.10%	18.92%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$572.93M	9.70%	7.50%	14.89%	34.20%	0.25	4.24	76.40%	5.90%	10.23%
PODD	INSULET CORP	$10.61B	21.40%	9.60%	20.40%	18.30%	1.29	2.49	71.00%	10.40%	16.17%
LIVN	LIVANOVA PLC	$3.97B	9.10%	4.20%	9.34%	30.20%	1.08	1.33	67.50%	7.50%	11.42%
NSYS	NORTECH SYSTEMS INC	$44.24M	3.00%	1.40%	6.04%	4.20%	1.21	1.84	16.10%	0.80%	2.16%
VMD	VIEMED HEALTHCARE INC	$382.22M	10.70%	7.60%	14.63%	22.30%	0.36	1.22	57.60%	5.20%	8.00%
ALGN	ALIGN TECHNOLOGY INC	$12.01B	10.70%	6.90%	13.47%	21.40%	0.52	1.39	67.60%	10.50%	14.50%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.32B	-47.60%	-13.70%	-13.80%	-14.20%	2.43	3.38	51.90%	-30.10%	-27.12%
DXCM	DEXCOM INC	$28.11B	33.80%	13.40%	27.71%	25.60%	1.24	1.95	61.50%	19.30%	25.36%
STE	STERIS PLC	$20.73B	11.10%	7.40%	11.52%	20.70%	0.49	2.09	44.20%	13.20%	18.62%
CERS	CERUS CORP	$543.00M	-15.40%	-4.40%	-0.93%	-0.50%	2.29	1.63	58.40%	-3.90%	-0.44%
SNN	SMITH & NEPHEW PLC	$13.43B	11.80%	6.00%	10.37%	12.20%	0.98	2.57	68.00%	10.10%	14.91%
GMED	GLOBUS MEDICAL INC	$10.86B	13.00%	11.30%	13.06%	29.00%	0.15	4.56	67.90%	18.90%	20.89%
CNMD	CONMED CORP	$1.06B	5.40%	2.40%	5.52%	7.70%	1.28	2.29	55.20%	4.00%	8.15%
ZBH	ZIMMER BIOMET HOLDINGS INC	$16.90B	6.00%	3.30%	6.04%	9.40%	0.79	1.73	70.00%	9.10%	14.26%
ANIK	ANIKA THERAPEUTICS INC	$192.67M	-7.70%	-5.90%	-6.47%	-8.00%	0.34	4.46	58.60%	-9.50%	-8.81%
PHG	KONINKLIJKE PHILIPS NV	$25.14B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
IRMD	IRADIMED CORP	$1.19B	24.50%	21.30%	29.51%	71.00%	0.16	7.13	76.80%	27.40%	34.98%
BRKR	BRUKER CORP	$8.58B	-1.60%	-0.60%	0.83%	0.90%	1.49	1.55	45.30%	-1.10%	1.15%
EW	EDWARDS LIFESCIENCES CORP	$49.50B	10.60%	8.20%	11.26%	19.70%	0.29	4.42	77.90%	17.40%	21.28%
ATEC	ALPHATEC HOLDINGS INC	$1.23B	-1,183.80%	-15.80%	-13.50%	-8.80%	-150.52	1.90	70.20%	-15.90%	-9.59%
MASS	908 DEVICES INC	$299.86M	-25.60%	-19.00%	-24.58%	-64.80%	0.39	3.58	51.50%	-62.40%	-62.52%
BWAY	BRAINSWAY LTD	$544.01M	12.20%	7.70%	11.56%	36.60%	0.54	3.34	75.50%	15.60%	19.21%
GKOS	GLAUKOS CORP	$7.34B	-26.50%	-20.10%	-23.63%	-32.40%	0.33	5.43	57.60%	-34.30%	-34.45%
AHCO	ADAPTHEALTH CORP	$1.35B	-5.10%	-1.80%	1.85%	2.40%	1.93	0.93	18.30%	-2.40%	2.07%
AXGN	AXOGEN INC	$2.28B	-20.70%	-13.50%	-9.61%	-11.80%	0.18	7.10	75.00%	-13.20%	-10.63%
IRTC	IRHYTHM HOLDINGS INC	$3.55B	-20.60%	-2.80%	-1.58%	-1.00%	5.24	5.17	71.00%	-3.50%	-1.75%
MDT	MEDTRONIC PLC	$104.85B	9.50%	5.00%	7.62%	11.40%	0.86	2.54	64.90%	13.00%	17.61%
LMRI	LUMEXA IMAGING HOLDINGS INC	$816.69M	N/A	N/A	N/A	N/A	1.94	1.41	N/A	N/A	N/A
VREX	VAREX IMAGING CORP	$424.79M	-17.60%	-7.60%	-3.52%	-3.30%	1.27	3.20	33.60%	-9.60%	-3.67%
APYX	APYX MEDICAL CORP	$187.18M	-90.60%	-14.90%	-6.02%	-5.30%	3.89	5.80	63.20%	-16.40%	-5.77%
BSX	BOSTON SCIENTIFIC CORP	$72.16B	14.90%	8.30%	10.32%	18.10%	0.71	1.90	69.20%	17.30%	19.91%
AORT	ARTIVION INC	$976.69M	2.70%	1.30%	5.28%	7.30%	0.96	3.86	64.60%	2.50%	9.09%
NPCE	NEUROPACE INC	$536.64M	-120.70%	-20.60%	-17.82%	-10.70%	5.84	5.38	78.30%	-21.70%	-14.81%
SYK	STRYKER CORP	$117.18B	15.10%	7.10%	13.40%	19.50%	1.01	2.11	63.80%	13.20%	21.19%
DCTH	DELCATH SYSTEMS INC	$368.35M	0.50%	0.50%	1.71%	2.70%	0.11	11.24	86.00%	0.60%	2.16%
SIBN	SI-BONE INC	$670.56M	-9.60%	-7.10%	-6.39%	-6.50%	0.36	9.99	79.60%	-8.10%	-6.86%
BFLY	BUTTERFLY NETWORK INC	$1.19B	-36.80%	-25.60%	-32.80%	-69.60%	0.50	4.03	49.20%	-73.60%	-72.15%
UFPT	UFP TECHNOLOGIES INC	$1.73B	16.60%	10.50%	15.49%	23.90%	0.54	2.91	28.40%	11.30%	15.20%
HYPR	HYPERFINE INC	$136.99M	-101.30%	-68.80%	-69.14%	-274.80%	0.76	5.52	51.20%	-226.90%	-226.34%
ABT	ABBOTT LABORATORIES	$158.63B	12.10%	6.90%	9.42%	17.00%	1.10	1.39	56.30%	13.90%	19.22%
PEN	PENUMBRA INC	$12.61B	12.30%	9.60%	12.03%	14.90%	0.29	6.02	67.40%	11.80%	13.96%
OFIX	ORTHOFIX MEDICAL INC	$415.94M	-13.40%	-7.00%	-5.63%	-7.70%	1.04	2.87	70.70%	-7.30%	-4.95%
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$51.63M	-76.80%	-36.90%	-67.96%	-43.30%	1.23	1.70	83.80%	-121.00%	-112.59%
SNWV	SANUWAVE HEALTH INC	$126.92M	-450.60%	44.90%	112.15%	150.60%	19.18	1.31	76.70%	36.20%	47.55%
INMD	INMODE LTD	$858.45M	13.30%	11.80%	15.18%	26.70%	0.14	8.80	77.80%	23.30%	27.28%
SGHT	SIGHT SCIENCES INC	$242.12M	-59.10%	-32.20%	-35.09%	-64.20%	1.04	5.86	86.20%	-46.80%	-40.38%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$2.19B	-225.90%	-12.70%	-9.27%	-5.80%	22.75	2.96	70.10%	-19.10%	-10.82%
HSDT	SOLANA CO	$74.15M	-155.30%	-55.40%	-68.83%	-65.20%	0.01	9.90	94.20%	-1,427.10%	-1,420.59%
MXCT	MAXCYTE INC	$122.12M	-22.00%	-18.80%	-21.23%	-20.10%	0.16	12.04	80.50%	-121.20%	-121.16%
ITGR	INTEGER HOLDINGS CORP	$3.12B	8.20%	4.20%	6.14%	7.70%	1.01	3.76	26.40%	7.60%	10.61%
TNDM	TANDEM DIABETES CARE INC	$1.33B	-68.30%	-10.00%	-9.92%	-8.10%	7.71	3.58	54.90%	-9.20%	-8.74%
MOVE	CORVEX INC	$37.01M	-12.70%	-11.70%	-2.55%	-147.40%	0.05	2.14	-190.80%	-2,475.60%	-2,031.07%
QTRX	QUANTERIX CORP	$155.45M	-35.20%	-26.00%	-33.59%	-54.30%	0.30	3.72	44.20%	-71.90%	-73.39%
TLSI	TRISALUS LIFE SCIENCES INC	$194.69M	N/A	-125.50%	-36.38%	-57.00%	4.54	5.78	85.10%	-128.70%	-47.98%
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$450.37M	-488.40%	-16.10%	-16.85%	-11.60%	329.67	5.65	37.50%	-80.30%	-75.50%
CTKB	CYTEK BIOSCIENCES INC	$528.19M	-20.80%	-15.60%	-9.90%	-12.30%	0.37	4.69	51.70%	-36.20%	-17.85%
INSP	INSPIRE MEDICAL SYSTEMS INC	$1.19B	18.00%	15.30%	7.80%	9.40%	0.15	6.34	85.80%	14.30%	7.00%
NVCR	NOVOCURE LTD	$1.99B	-50.80%	-16.50%	-32.15%	-20.90%	1.38	2.90	75.20%	-25.70%	-27.19%
ECOR	ELECTROCORE INC	$72.34M	N/A	-87.70%	-467.09%	-169.10%	-3.72	1.02	87.20%	-44.10%	-42.42%
PROF	PROFOUND MEDICAL CORP	$242.01M	-78.90%	-64.10%	-63.11%	-257.10%	0.24	6.56	71.10%	-206.80%	-210.83%
INGN	INOGEN INC	$173.55M	-12.90%	-8.30%	-11.41%	-23.40%	0.56	3.10	44.30%	-7.10%	-7.28%
KIDS	ORTHOPEDIATRICS CORP	$470.55M	-11.40%	-7.90%	-7.17%	-9.20%	0.48	5.21	73.10%	-16.30%	-13.40%
CBLL	CERIBELL INC	$692.45M	-38.20%	-30.90%	-36.15%	-35.80%	0.27	10.44	87.70%	-63.50%	-61.56%
CV	CAPSOVISION INC	$359.24M	N/A	-136.00%	-130.93%	-582.90%	0.28	4.57	51.70%	-198.90%	-198.69%
ALMR	ALAMAR BIOSCIENCES INC	$1.42B	N/A	N/A	N/A	N/A	-0.73	5.88	N/A	N/A	N/A
SSII	SS INNOVATIONS INTERNATIONAL INC	$756.50M	-23.00%	-13.20%	-7.59%	-9.80%	0.66	2.54	49.10%	-20.70%	-10.11%
BIO	BIO-RAD LABORATORIES INC	$7.88B	2.40%	1.70%	3.06%	2.90%	0.43	3.21	51.90%	6.50%	10.49%
SI	SHOULDER INNOVATIONS INC	$296.14M	-51.30%	-30.10%	-30.27%	-38.10%	0.21	11.81	76.80%	-81.80%	-83.14%
QTI	QT IMAGING HOLDINGS INC	$46.24M	-6,334.00%	-77.60%	-77.59%	-110.30%	4.80	2.49	41.70%	-58.90%	-46.24%
CVRX	CVRX INC	$142.76M	-120.80%	-48.40%	-51.81%	-68.50%	2.43	10.20	86.20%	-89.10%	-79.14%
QDEL	QUIDELORTHO CORP	$977.18M	-56.30%	-20.70%	-21.21%	-20.60%	2.04	1.43	45.00%	-45.60%	-37.25%
RCEL	AVITA MEDICAL INC	$128.65M	N/A	-78.90%	265.45%	-176.80%	-3.23	0.48	81.40%	-62.70%	-55.50%
BBNX	BETA BIONICS INC	$618.96M	-23.00%	-20.60%	-23.62%	-24.40%	0.12	10.69	57.20%	-60.30%	-60.27%
MOBI	MOBIA MEDICAL INC	$419.60M	N/A	N/A	N/A	N/A	-0.37	6.06	N/A	N/A	N/A
CODX	CO-DIAGNOSTICS INC	$20.28M	-164.90%	-141.20%	-291.20%	-1,036.40%	0.34	2.28	45.10%	-6,753.70%	-6,980.30%
OM	OUTSET MEDICAL INC	$84.90M	-55.90%	-27.70%	-28.45%	-20.50%	1.23	6.29	40.60%	-63.70%	-51.25%
TMCI	TREACE MEDICAL CONCEPTS INC	$227.70M	-69.50%	-31.40%	-37.07%	-28.20%	1.39	3.58	79.70%	-29.40%	-26.75%
LUCD	LUCID DIAGNOSTICS INC	$196.37M	-478.50%	-139.90%	-958.27%	-1,216.20%	7.52	1.07	-31.40%	-1,133.20%	-876.33%
MYO	MYOMO INC	$49.46M	-114.90%	-40.80%	-48.63%	-46.30%	3.08	2.73	66.00%	-36.70%	-32.30%
LUNG	PULMONX CORP	$64.62M	-92.90%	-39.80%	-48.70%	-51.40%	1.62	4.91	75.50%	-60.10%	-55.59%
CATX	PERSPECTIVE THERAPEUTICS INC	$345.56M	-41.80%	-34.60%	-29.42%	-50.50%	0.18	8.75	100.00%	-17,982.70%	-18,053.88%
SKYA	SKYAI INC	$51.21M	-166.40%	-162.70%	-207.45%	-172.40%	0.01	8.28	92.10%	-3,586.20%	-3,588.33%
NNOX	NANO-X IMAGING LTD	$134.31M	-47.10%	-41.70%	-53.85%	-122.40%	0.16	3.96	-98.20%	-576.10%	-600.83%
TMDX	TRANSMEDICS GROUP INC	$2.40B	41.90%	15.80%	7.95%	9.40%	1.90	6.74	59.10%	27.00%	16.80%
SGP	SPYGLASS PHARMA INC	$627.88M	N/A	N/A	N/A	N/A	0.03	38.00	N/A	N/A	N/A
PRCT	PROCEPT BIOROBOTICS CORP	$1.58B	-27.70%	-20.30%	-26.18%	-45.70%	0.40	6.73	64.00%	-31.80%	-34.43%
MDAI	SPECTRAL AI INC	$60.15M	N/A	-78.80%	362.42%	423.10%	-3.01	0.75	46.00%	-82.00%	-75.74%
RPID	RAPID MICRO BIOSYSTEMS INC	$91.88M	-131.50%	-67.50%	-112.71%	-84.20%	2.06	2.58	2.90%	-145.80%	-141.75%
CLPT	CLEARPOINT NEURO INC	$386.57M	-141.00%	-37.00%	-30.08%	-37.70%	3.96	5.79	62.30%	-71.60%	-62.17%
LNSR	LENSAR INC	$67.78M	-183.20%	42.30%	60.70%	114.00%	3.86	2.38	45.70%	50.90%	50.94%
FEED	ENVUE MEDICAL INC	$5.29M	-101.10%	-80.30%	-75.13%	1,046.50%	0.25	0.90	-12.40%	-1,720.50%	-1,136.91%
STEX	STREAMEX CORP	$112.62M	-719.70%	-337.20%	-290.97%	1,449.50%	0.09	13.90	N/A	N/A	N/A
SENS	SENSEONICS HOLDINGS INC	$278.83M	-130.00%	-67.20%	-107.76%	-71.70%	2.00	3.51	52.10%	-214.20%	-202.58%
RXST	RXSIGHT INC	$206.98M	-17.00%	-15.10%	-16.83%	-17.40%	0.14	10.20	77.00%	-36.60%	-36.53%
TELA	TELA BIO INC	$39.39M	-1,344.50%	-56.80%	-64.40%	-55.60%	-14.44	3.61	67.30%	-49.30%	-41.48%
MODD	MODULAR MEDICAL INC	$12.02M	-245.80%	-190.80%	-331.40%	-525.60%	0.74	1.59	N/A	N/A	N/A
SINT	SINTX TECHNOLOGIES INC	$8.77M	-592.50%	-186.00%	-297.94%	-228.80%	7.64	1.04	31.50%	-1,711.60%	-1,053.64%
POAS	PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD	$8.61M	N/A	-214.30%	135.29%	473.70%	-1.37	0.22	72.10%	-2,405.50%	-2,402.13%

Medical Device Stocks FAQ

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

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 47, which is 18 points higher than the medical device industry average of 29.

BVS passed 15 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 38.86% over the past year, overperforming other medical device stocks by 111 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 65.93% from Bioventus's current stock price of $9.04.

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. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) 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 Electromed (NYSEMKT:ELMD) is: Value: C, Growth: C, Momentum: C, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 44, which is 15 points higher than the medical device industry average of 29.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 81.38% over the past year, overperforming other medical device stocks by 154 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 0.82% from Electromed's current stock price of $37.69.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

3. Tactile Systems Technology (NASDAQ:TCMD)

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

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 61, which is 32 points higher than the medical device industry average of 29.

TCMD passed 20 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 151.24% over the past year, overperforming other medical device stocks by 224 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 54.85% from Tactile Systems Technology's current stock price of $25.40.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Tactile Systems Technology, 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 9 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 3.88%, which is 2 percentage points higher than the medical device industry average of 1.56%. Koninklijke Philips Nv's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Koninklijke Philips Nv's dividend has shown consistent growth over the last 10 years.

Koninklijke Philips Nv's dividend payout ratio of -109.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.68%, which is 1 percentage points higher than the medical device industry average of 1.56%. 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 68% indicates that its dividend yield is sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.52%, which is 1 percentage points higher than the medical device industry average of 1.56%. 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 52.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.83% in the last day, and up 0.44% over the last week. Nuwellis was the among the top losers in the medical devices industry, dropping -61.25% yesterday.

Nuwellis shares are trading lower after the company priced a $6 million public offering.

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 -5.58% in the past year. It has overperformed other stocks in the medical device industry by 67 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 44 points higher than the medical device industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Conmed's stock has dropped -37.9% in the past year. It has overperformed other stocks in the medical device industry by 35 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 57, which is 44 points higher than the medical device industry average of 13. It passed 4 out of 7 valuation due diligence checks.

Bioventus's stock has gained 38.86% in the past year. It has overperformed other stocks in the medical device industry by 111 percentage points.

Are medical device stocks a good buy now?

64.36% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 33.07% over the next year.

8.33% of medical device stocks have a Zen Rating of A (Strong Buy), 15.63% of medical device stocks are rated B (Buy), 52.08% are rated C (Hold), 20.83% are rated D (Sell), and 3.13% 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 22.08x.

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. Electromed (NYSEMKT:ELMD)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

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. Electromed (NYSEMKT:ELMD)

3. Tactile Systems Technology (NASDAQ:TCMD)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Abbott Laboratories (NYSE:ABT)

3. Smith & Nephew (NYSE:SNN)

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.