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 73rd 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	$10.11	391,000	84.43%	9.91	9.75	9.21	8.52	7.76	58.68	47.33	49.75	14.32	12.34	0.24	0.27	-0.03	1.22
VMD	VIEMED HEALTHCARE INC	$9.97	183,000	-1.61%	9.73	9.69	9.31	8.45	7.58	59.72	80.52	83.80	78.60	82.95	0.18	0.16	0.01	0.65
ELMD	ELECTROMED INC	$25.60	36,200	66.82%	25.65	25.21	24.45	26.33	24.79	53.76	48.13	54.03	23.54	30.90	0.33	0.32	0.01	0.48
ALGN	ALIGN TECHNOLOGY INC	$178.91	840,000	-51.50%	185.85	182.44	179.19	173.97	158.53	47.44	29.44	29.40	6.79	5.67	1.02	2.41	-1.39	1.57
SNN	SMITH & NEPHEW PLC	$31.16	1,344,000	35.08%	31.89	32.68	33.36	33.52	34.31	39.68	10.65	8.26	14.51	9.22	-0.59	-0.35	-0.24	0.69
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$22.89	320,000	11.50%	24.10	24.33	26.39	27.70	21.79	35.41	11.99	13.55	24.16	33.06	-0.83	-0.71	-0.12	1.09
LIVN	LIVANOVA PLC	$61.00	632,000	-32.91%	62.96	63.71	64.17	64.05	58.58	41.82	17.51	14.04	16.14	7.36	-0.78	-0.22	-0.55	0.94
DXCM	DEXCOM INC	$61.35	10,561,000	102.43%	61.41	62.44	65.85	67.57	69.49	45.23	31.99	18.96	40.95	22.49	-1.52	-1.40	-0.12	1.14
GMED	GLOBUS MEDICAL INC	$91.34	907,000	-10.46%	92.87	92.58	90.17	89.93	77.05	49.98	22.92	20.78	19.47	9.15	0.50	1.08	-0.58	1.00
VREX	VAREX IMAGING CORP	$11.61	279,000	-27.34%	12.00	11.64	11.67	12.35	11.63	49.05	31.46	43.90	18.73	30.18	0.11	0.12	-0.01	1.11
STE	STERIS PLC	$214.40	554,000	1.84%	220.06	221.40	226.28	241.22	243.11	39.44	22.62	21.34	21.95	21.36	-2.52	-2.03	-0.49	0.76
CERS	CERUS CORP	$2.72	24,769,000	3,489.71%	2.04	1.99	1.99	2.12	1.79	78.55	50.56	43.48	57.45	40.59	0.07	0.02	0.05	1.79
IRMD	IRADIMED CORP	$87.15	347,000	110.30%	87.76	90.94	96.51	97.57	86.07	38.86	25.86	16.01	26.14	10.30	-3.26	-2.76	-0.49	0.92
PODD	INSULET CORP	$175.04	1,282,000	-48.80%	184.70	192.99	215.79	245.42	282.05	32.09	22.51	13.08	49.76	26.08	-11.89	-10.37	-1.52	1.09
MASS	908 DEVICES INC	$6.81	214,000	10.31%	6.88	7.00	6.60	6.34	6.67	50.63	20.67	15.12	21.59	10.90	0.05	0.12	-0.07	1.67
BWAY	BRAINSWAY LTD	$16.84	81,000	-49.38%	16.09	15.17	13.84	12.27	9.87	66.89	87.38	84.34	56.26	54.55	0.83	0.76	0.07	0.87
IRTC	IRHYTHM HOLDINGS INC	$120.80	1,324,000	25.02%	123.17	121.87	123.01	144.24	157.35	47.48	57.44	65.72	57.15	73.51	0.20	-0.39	0.58	1.27
CNMD	CONMED CORP	$36.80	371,000	-61.59%	37.64	37.50	38.66	39.85	44.15	46.15	21.83	21.31	14.01	9.11	-0.24	-0.14	-0.11	1.11
EW	EDWARDS LIFESCIENCES CORP	$83.98	6,106,000	15.73%	82.10	80.82	82.13	82.55	81.06	57.51	73.52	69.08	78.04	74.74	0.48	0.01	0.47	0.86
PHG	KONINKLIJKE PHILIPS NV	$26.16	700,000	-35.36%	27.38	27.88	28.43	28.58	28.05	37.61	19.02	13.83	14.69	7.93	-0.48	-0.23	-0.25	0.94
ATEC	ALPHATEC HOLDINGS INC	$10.43	2,852,000	-9.23%	10.30	10.73	11.77	14.72	15.39	45.62	26.00	16.26	39.35	20.72	-0.55	-0.53	-0.02	1.25
ANIK	ANIKA THERAPEUTICS INC	$14.85	236,000	7.27%	14.80	14.99	14.31	12.00	10.70	51.62	28.42	29.96	17.15	11.02	-0.03	0.25	-0.28	0.83
SYK	STRYKER CORP	$294.73	4,519,000	64.81%	322.76	331.32	344.95	351.98	364.59	21.43	6.24	7.68	0.00	1.76	-8.53	-5.57	-2.96	0.84
GKOS	GLAUKOS CORP	$140.22	1,317,000	-50.75%	125.32	122.34	114.58	114.55	101.99	70.67	67.77	54.05	60.19	34.46	5.20	3.63	1.57	1.21
AXGN	AXOGEN INC	$43.28	759,000	-39.18%	39.64	36.88	33.83	33.25	25.82	72.69	78.03	77.56	98.52	97.58	2.55	1.85	0.70	1.23
OFIX	ORTHOFIX MEDICAL INC	$11.91	200,000	11.11%	12.08	12.23	12.27	13.36	13.84	45.65	19.62	15.68	17.83	11.07	-0.10	-0.04	-0.06	1.00
AHCO	ADAPTHEALTH CORP	$13.17	1,128,000	76.25%	12.89	12.62	11.22	10.73	10.01	66.81	81.19	85.40	47.74	58.03	0.52	0.53	-0.01	1.05
ZBH	ZIMMER BIOMET HOLDINGS INC	$82.90	2,387,000	-42.76%	88.57	91.14	92.37	91.50	94.90	33.83	10.96	11.51	12.40	8.53	-2.22	-0.83	-1.39	0.64
SIBN	SI-BONE INC	$13.21	1,025,000	50.74%	13.20	13.47	13.70	15.83	16.05	48.40	23.28	14.46	26.54	13.22	-0.27	-0.17	-0.10	1.17
NPCE	NEUROPACE INC	$17.07	152,000	14.29%	16.82	15.92	14.73	15.36	13.06	65.76	72.06	73.39	43.72	57.12	0.72	0.65	0.07	0.95
INMD	INMODE LTD	$14.41	306,000	-3.16%	14.36	14.17	13.85	14.27	14.47	56.61	54.66	55.09	38.00	34.43	0.14	0.14	-0.00	1.62
APYX	APYX MEDICAL CORP	$3.06	514,000	729.03%	3.65	3.76	3.65	3.74	3.22	26.33	3.64	6.01	0.00	1.64	-0.09	-0.01	-0.09	1.29
BSX	BOSTON SCIENTIFIC CORP	$56.50	12,109,000	-32.55%	60.28	61.61	66.94	78.43	90.00	33.51	9.24	8.63	18.62	27.11	-2.64	-2.35	-0.29	0.70
SNWV	SANUWAVE HEALTH INC	$15.73	114,000	-35.23%	18.22	18.01	20.17	24.27	29.74	31.79	5.04	15.80	7.03	24.32	-0.82	-0.68	-0.14	0.84
AORT	ARTIVION INC	$36.21	218,000	-33.94%	36.74	36.73	36.65	39.89	40.64	47.89	25.05	23.77	23.14	12.59	-0.17	-0.03	-0.14	1.04
SGHT	SIGHT SCIENCES INC	$4.45	152,000	11.76%	4.28	3.98	4.13	5.59	5.11	58.88	40.49	42.84	59.42	66.31	0.07	0.01	0.06	1.80
CBLL	CERIBELL INC	$20.50	143,000	-28.50%	20.75	20.00	19.19	20.24	16.66	54.83	51.32	59.28	25.24	35.58	0.41	0.47	-0.06	1.55
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$70.23	471,000	14.60%	66.06	64.59	65.77	68.23	57.81	60.27	70.80	60.04	70.58	53.70	0.95	0.37	0.59	1.67
MDT	MEDTRONIC PLC	$80.00	8,199,000	-25.40%	82.25	84.70	88.30	93.81	94.16	32.12	12.33	11.00	22.24	19.79	-2.23	-1.91	-0.32	0.56
QDEL	QUIDELORTHO CORP	$12.64	1,366,000	-25.68%	12.04	13.54	16.70	22.93	24.79	41.83	17.97	16.03	36.99	30.02	-1.48	-1.61	0.13	1.04
CTKB	CYTEK BIOSCIENCES INC	$4.62	431,000	-60.42%	4.52	4.56	4.45	4.72	4.44	54.04	68.75	64.36	61.59	57.43	0.01	0.01	-0.00	1.43
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$10.95	817,000	27.66%	10.63	10.43	10.12	11.18	12.42	57.94	43.13	46.11	25.27	22.49	0.19	0.18	0.01	1.06
BRKR	BRUKER CORP	$36.79	1,362,000	-30.15%	37.42	37.98	37.13	41.76	39.51	47.51	24.14	19.28	25.38	13.65	-0.28	0.04	-0.32	1.12
BFLY	BUTTERFLY NETWORK INC	$5.40	6,491,000	-26.71%	5.27	4.88	4.25	4.00	3.02	61.74	58.08	60.45	12.93	16.72	0.30	0.32	-0.03	2.28
TMDX	TRANSMEDICS GROUP INC	$100.01	839,000	-4.33%	106.96	109.22	117.34	124.93	122.59	38.19	11.63	8.72	10.52	5.74	-3.57	-2.74	-0.83	1.64
INSP	INSPIRE MEDICAL SYSTEMS INC	$56.70	953,000	18.39%	55.23	55.37	56.78	73.86	83.25	52.24	51.52	45.33	68.44	58.32	-0.36	-0.70	0.34	1.28
HSDT	SOLANA CO	$2.12	80,000	-32.77%	2.08	2.01	2.04	2.45	5.53	53.93	37.90	39.62	42.44	45.02	0.01	0.00	0.01	1.32
DCTH	DELCATH SYSTEMS INC	$10.80	170,000	-34.62%	10.70	10.51	9.80	9.92	10.19	58.20	41.37	44.33	15.69	8.35	0.25	0.31	-0.05	0.91
BIO	BIO-RAD LABORATORIES INC	$256.55	940,000	45.96%	285.75	285.94	277.31	290.34	292.34	34.65	14.00	15.07	4.89	5.28	-1.17	2.47	-3.63	0.95
LMRI	LUMEXA IMAGING HOLDINGS INC	$10.00	431,000	-10.58%	9.53	9.47	11.36	N/A	N/A	50.32	54.03	45.46	84.40	75.27	-0.36	-0.55	0.19	2.70
ITGR	INTEGER HOLDINGS CORP	$84.03	862,000	-51.02%	85.72	86.50	85.96	83.82	89.22	45.10	48.02	36.72	30.15	19.44	-0.22	0.06	-0.28	0.91
HYPR	HYPERFINE INC	$1.87	2,118,000	95.39%	1.40	1.31	1.21	1.15	1.21	86.73	83.43	73.67	100.00	82.58	0.11	0.06	0.05	1.31
ECOR	ELECTROCORE INC	$6.64	70,000	-11.95%	6.25	6.40	6.58	6.13	5.76	55.05	51.02	38.65	68.71	40.18	-0.03	-0.05	0.02	0.81
UFPT	UFP TECHNOLOGIES INC	$194.07	194,000	-15.28%	196.54	197.17	202.06	222.69	217.80	46.08	28.08	22.97	32.97	24.40	-2.54	-2.39	-0.15	0.94
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$1.79	100,000	-5.66%	1.75	1.78	2.08	1.65	1.80	48.22	51.89	39.83	51.57	33.43	-0.06	-0.07	0.01	0.03
AIDX	20/20 BIOLABS INC	$1.55	25,600	-23.12%	1.62	1.73	2.74	N/A	N/A	6.50	23.02	17.86	99.28	99.26	-0.45	-0.59	0.14	1.42
TNDM	TANDEM DIABETES CARE INC	$19.42	1,591,000	-27.42%	19.86	19.84	21.81	21.33	18.01	45.20	33.14	22.87	37.42	23.27	-0.54	-0.49	-0.05	1.38
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.60	4,991,000	0.65%	1.61	1.56	1.48	1.77	1.68	54.02	45.11	47.03	28.79	29.97	0.03	0.03	-0.00	2.42
CV	CAPSOVISION INC	$7.50	161,000	-27.15%	6.39	6.30	6.14	7.04	5.81	62.14	84.52	81.28	90.16	90.16	0.14	0.01	0.12	0.99
INGN	INOGEN INC	$6.98	175,000	-19.35%	7.08	6.80	6.44	6.40	7.03	55.78	58.58	66.77	51.09	68.01	0.21	0.20	0.01	1.19
ALMR	ALAMAR BIOSCIENCES INC	$25.81	381,000	80.57%	24.67	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.83
POAS	PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD	$2.32	60,000	-84.96%	2.10	2.00	1.74	2.75	N/A	61.91	96.46	90.13	97.54	87.30	0.09	0.04	0.05	0.09
ABT	ABBOTT LABORATORIES	$89.46	12,844,000	-12.20%	92.23	96.43	104.06	111.44	120.55	27.60	3.87	10.17	42.35	54.01	-3.93	-3.68	-0.25	0.54
KIDS	ORTHOPEDIATRICS CORP	$15.63	387,000	69.74%	15.80	16.18	16.72	17.24	18.09	44.68	15.90	8.70	19.34	8.46	-0.37	-0.25	-0.12	1.24
SI	SHOULDER INNOVATIONS INC	$13.51	72,500	3.57%	13.34	14.05	14.03	14.15	N/A	46.95	21.75	13.65	22.58	14.02	-0.38	-0.22	-0.16	0.87
LUCD	LUCID DIAGNOSTICS INC	$1.09	789,000	14.85%	1.13	1.18	1.27	1.22	1.16	41.53	10.22	5.24	10.93	6.87	-0.05	-0.03	-0.02	0.82
MOVE	CORVEX INC	$14.71	51,000	96.15%	16.66	14.94	14.04	12.24	9.85	48.15	52.87	66.42	22.73	51.63	0.73	0.82	-0.10	1.09
TLSI	TRISALUS LIFE SCIENCES INC	$4.39	61,400	-55.18%	4.50	4.40	4.41	5.16	4.99	49.78	28.01	37.53	15.02	18.24	0.03	0.04	-0.01	0.26
PROF	PROFOUND MEDICAL CORP	$6.86	63,300	28.14%	6.82	6.61	6.40	6.93	6.20	55.80	59.99	59.53	30.35	33.68	0.14	0.13	0.00	1.07
NVCR	NOVOCURE LTD	$16.62	3,534,000	-50.66%	13.13	12.21	12.23	12.49	12.56	75.76	82.70	72.56	80.44	66.07	0.71	0.29	0.42	1.46
LNSR	LENSAR INC	$5.61	78,600	40.36%	5.35	5.58	7.77	9.86	10.93	41.35	28.93	23.97	77.95	74.39	-0.58	-0.73	0.15	0.48
RPID	RAPID MICRO BIOSYSTEMS INC	$2.53	65,000	-22.62%	2.34	2.28	2.90	3.30	3.30	52.70	76.30	74.77	86.63	87.68	-0.09	-0.16	0.08	1.27
INBS	INTELLIGENT BIO SOLUTIONS INC	$2.41	65,400	28.24%	2.59	2.61	3.32	5.83	9.17	34.78	12.84	12.43	36.68	36.77	-0.30	-0.34	0.04	1.19
MXCT	MAXCYTE INC	$0.88	457,000	-33.19%	0.87	0.83	0.79	1.01	1.32	57.70	71.70	72.97	36.35	40.66	0.02	0.02	0.00	1.43
SSII	SS INNOVATIONS INTERNATIONAL INC	$3.99	113,000	108.10%	4.37	4.54	4.71	4.90	5.94	33.15	10.49	11.79	0.00	0.73	-0.17	-0.09	-0.08	0.18
SGP	SPYGLASS PHARMA INC	$23.98	83,000	46.90%	23.63	23.37	25.20	N/A	N/A	49.81	45.56	44.81	48.54	43.32	-0.45	-0.51	0.06	1.91
QTRX	QUANTERIX CORP	$3.40	746,000	-23.33%	3.24	3.35	4.25	5.49	5.50	44.97	31.81	28.33	71.76	72.57	-0.27	-0.33	0.06	1.87
OM	OUTSET MEDICAL INC	$4.36	134,000	32.67%	4.42	4.36	3.82	4.10	8.36	56.25	25.17	26.81	14.08	6.29	0.13	0.17	-0.04	1.49
LUNG	PULMONX CORP	$1.35	1,078,000	46.27%	1.29	1.34	1.44	1.71	1.77	49.63	23.02	14.02	36.80	17.43	-0.04	-0.04	-0.00	1.39
MDAI	SPECTRAL AI INC	$2.15	559,000	22.59%	1.92	1.86	1.60	1.59	1.85	71.53	82.69	82.23	60.46	51.92	0.12	0.10	0.02	0.47
CVRX	CVRX INC	$7.97	345,000	68.29%	7.57	7.66	8.00	7.53	8.04	52.44	45.19	38.66	57.25	46.68	-0.15	-0.15	-0.00	1.53
CLPT	CLEARPOINT NEURO INC	$11.37	344,000	-29.80%	11.06	10.45	10.63	12.30	14.05	55.87	70.67	72.18	43.58	50.89	0.25	0.13	0.11	1.88
PFSA	PROFUSA INC	$0.56	277,000	-64.58%	0.58	0.78	0.82	3.91	16.59	39.98	28.68	19.05	62.94	40.88	-0.16	-0.19	0.03	0.34
TMCI	TREACE MEDICAL CONCEPTS INC	$1.86	330,000	27.41%	1.88	1.82	1.63	2.05	3.95	53.86	24.89	38.05	5.97	9.88	0.07	0.08	-0.01	1.35
SENS	SENSEONICS HOLDINGS INC	$5.10	6,503,000	1,430.12%	6.72	6.73	6.78	6.86	7.66	27.78	14.61	36.16	6.84	32.79	-0.11	0.01	-0.12	1.88
SRTS	SENSUS HEALTHCARE INC	$3.98	17,900	-36.07%	3.97	4.20	4.13	4.28	4.01	43.62	20.00	13.95	14.87	8.43	-0.08	-0.04	-0.03	0.96
BBNX	BETA BIONICS INC	$10.29	464,000	-31.76%	11.11	10.98	11.18	16.54	19.15	43.10	24.11	27.46	20.71	30.46	-0.25	-0.11	-0.14	1.78
PRCT	PROCEPT BIOROBOTICS CORP	$24.63	1,216,000	-70.28%	24.17	24.12	25.17	28.26	33.31	50.34	45.02	31.04	52.09	32.17	-0.46	-0.47	0.01	1.28
FEED	ENVUE MEDICAL INC	$1.19	123,000	-35.60%	1.30	1.50	1.81	2.23	4.22	33.62	6.79	4.37	4.29	1.43	-0.20	-0.18	-0.02	0.69
CATX	PERSPECTIVE THERAPEUTICS INC	$3.85	1,003,000	-10.21%	4.28	4.32	4.66	3.99	3.64	35.87	11.21	11.40	0.00	1.32	-0.14	-0.09	-0.06	1.19
NNOX	NANO-X IMAGING LTD	$1.73	1,127,000	-44.97%	1.86	2.16	2.34	2.62	3.33	34.49	3.10	4.54	7.30	8.87	-0.19	-0.14	-0.06	1.81
RCEL	AVITA MEDICAL INC	$4.44	147,000	16.67%	4.51	4.62	4.52	4.14	4.42	49.03	12.64	13.56	7.44	5.11	0.01	0.07	-0.06	1.46
RXST	RXSIGHT INC	$7.40	441,000	-16.32%	7.21	7.17	7.26	8.66	8.78	53.98	42.99	42.12	34.92	28.13	0.01	-0.01	0.02	1.30
MYO	MYOMO INC	$0.90	332,000	28.68%	0.83	0.79	0.75	0.84	0.99	63.32	62.25	56.63	40.18	37.84	0.03	0.02	0.01	1.31
STEX	STREAMEX CORP	$1.18	5,990,000	384.63%	0.97	1.03	1.49	2.41	3.66	50.63	34.67	17.77	44.73	44.49	-0.16	-0.19	0.04	1.20
ITOC	ITONIC HOLDINGS LTD	$0.35	60,000	-42.86%	0.35	0.33	0.33	0.41	1.55	52.68	52.87	62.02	61.46	74.63	0.01	0.00	0.01	0.71
AIMD	AINOS INC	$1.72	12,700	-53.48%	1.79	1.72	1.58	1.74	2.47	52.13	43.41	50.13	1.80	6.82	0.06	0.07	-0.01	288.60
AMIX	AUTONOMIX MEDICAL INC	$0.37	392,000	253.15%	0.37	0.38	0.40	0.46	0.79	45.28	34.40	29.71	22.52	16.84	-0.01	-0.01	-0.00	0.67
ELUT	ELUTIA INC	$1.01	50,700	17.91%	1.07	1.11	1.11	0.96	1.14	39.30	7.75	4.13	8.65	4.62	-0.02	-0.01	-0.02	0.29
QTI	QT IMAGING HOLDINGS INC	$6.62	10,600	-77.45%	6.68	6.76	6.41	6.10	6.34	50.36	35.79	32.33	21.25	16.75	0.03	0.09	-0.05	0.28

Medical Device Stocks FAQ

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

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 40, which is 11 points higher than the medical device industry average of 29.

BVS passed 13 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock return 39.26% over the past year, overperforming other medical device stocks by 100 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 48.37% from Bioventus's current stock price of $10.11.

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. Viemed Healthcare (NASDAQ:VMD)

Viemed Healthcare (NASDAQ:VMD) 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 Viemed Healthcare (NASDAQ:VMD) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: B.

Viemed Healthcare (NASDAQ:VMD) has a Due Diligence Score of 55, which is 26 points higher than the medical device industry average of 29.

VMD passed 18 out of 33 due diligence checks and has strong fundamentals. Viemed Healthcare has seen its stock return 41.22% over the past year, overperforming other medical device stocks by 102 percentage points.

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 45, which is 16 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 11.06% over the past year, overperforming other medical device stocks by 72 percentage points.

Electromed has an average 1 year price target of $36.00, an upside of 40.63% from Electromed's current stock price of $25.60.

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.

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. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.73%, which is 1 percentage points higher than the medical device industry average of 1.34%. 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.

2. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.47%, which is 1 percentage points higher than the medical device industry average of 1.34%. 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.

3. Iradimed (NASDAQ:IRMD)

Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.39%, which is the same as the medical device industry average of 1.34%. 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 65.1% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.88% in the last day, and down -3.32% over the last week. Senseonics Holdings was the among the top losers in the medical devices industry, dropping -22.84% yesterday.

Senseonics Holdings shares are trading lower after the company announced the pricing of its $80 million public offering of 8 million shares at $5.00 each and pre-funded warrants at $4.999 per share.

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. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) 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.

Conmed has a valuation score of 43, which is 31 points higher than the medical device industry average of 12. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -35.65% in the past year. It has overperformed other stocks in the medical device industry by 25 percentage points.

2. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) 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.

Inmode has a valuation score of 71, which is 59 points higher than the medical device industry average of 12. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -1.97% in the past year. It has overperformed other stocks in the medical device industry by 59 percentage points.

3. Zimmer Biomet Holdings (NYSE:ZBH)

Zimmer Biomet Holdings (NYSE:ZBH) 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.

Zimmer Biomet Holdings has a valuation score of 29, which is 17 points higher than the medical device industry average of 12. It passed 2 out of 7 valuation due diligence checks.

Zimmer Biomet Holdings's stock has dropped -18.58% in the past year. It has overperformed other stocks in the medical device industry by 42 percentage points.

Are medical device stocks a good buy now?

59.38% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 37.44% over the next year.

9.47% of medical device stocks have a Zen Rating of A (Strong Buy), 15.79% of medical device stocks are rated B (Buy), 50.53% are rated C (Hold), 20% are rated D (Sell), and 4.21% 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 20.42x.

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. Viemed Healthcare (NASDAQ:VMD)

3. Electromed (NYSEMKT:ELMD)

1. Abbott Laboratories (NYSE:ABT)

2. Smith & Nephew (NYSE:SNN)

3. Iradimed (NASDAQ:IRMD)

1. Conmed (NYSE:CNMD)

2. Inmode (NASDAQ:INMD)

3. Zimmer Biomet Holdings (NYSE:ZBH)

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. Viemed Healthcare (NASDAQ:VMD)

3. Electromed (NYSEMKT:ELMD)

1. Abbott Laboratories (NYSE:ABT)

2. Smith & Nephew (NYSE:SNN)

3. Iradimed (NASDAQ:IRMD)

1. Conmed (NYSE:CNMD)

2. Inmode (NASDAQ:INMD)

3. Zimmer Biomet Holdings (NYSE:ZBH)

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.