Sectors & Industries HealthcareMedical 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

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
SNN	SMITH & NEPHEW PLC	$29.39	838,000	-31.31%	29.77	29.31	27.95	27.62	27.49	54.00	72.99	80.55	46.38	60.49	0.50	0.51	-0.00	0.74
AVNS	AVANOS MEDICAL INC	$12.10	283,000	-17.97%	12.41	12.56	12.58	14.06	17.18	43.06	32.01	48.94	27.06	50.79	-0.11	-0.10	-0.01	0.91
ELMD	ELECTROMED INC	$20.07	56,000	42.49%	20.27	20.53	21.72	25.07	25.00	42.29	29.49	24.85	45.23	45.45	-0.53	-0.58	0.05	0.49
STE	STERIS PLC	$241.34	464,000	28.53%	242.44	244.68	231.96	227.57	225.31	53.17	21.84	20.89	10.65	6.55	2.38	3.48	-1.10	0.76
PEN	PENUMBRA INC	$256.50	368,000	41.00%	256.16	264.00	275.33	275.09	249.13	38.12	16.28	14.96	19.74	14.40	-7.12	-6.63	-0.49	1.01
BVS	BIOVENTUS INC	$6.62	255,000	6.69%	6.65	6.64	7.10	8.56	9.94	44.39	47.62	57.27	64.44	78.29	-0.12	-0.19	0.07	1.20
ZIMV	ZIMVIE INC	$9.10	110,000	-14.73%	9.28	9.01	9.11	10.99	12.90	48.31	76.48	86.42	64.66	84.72	0.04	-0.03	0.07	1.28
DCTH	DELCATH SYSTEMS INC	$15.34	316,000	-31.30%	16.11	16.48	13.97	14.21	12.42	47.94	13.18	14.58	0.00	2.37	0.39	0.66	-0.27	0.90
VMD	VIEMED HEALTHCARE INC	$6.65	103,000	-2.83%	6.75	6.69	6.78	7.27	7.78	46.52	38.80	48.16	59.57	77.49	-0.02	-0.04	0.02	0.69
VREX	VAREX IMAGING CORP	$8.19	420,000	10.53%	8.35	8.08	8.03	10.52	11.95	48.95	65.43	78.96	58.87	78.40	0.07	-0.03	0.10	1.05
IRMD	IRADIMED CORP	$58.17	39,500	31.67%	59.77	56.80	53.92	54.85	53.44	56.27	77.51	82.73	65.48	76.84	1.84	1.75	0.09	0.82
BWAY	BRAINSWAY LTD	$10.90	38,200	40.44%	10.82	10.65	9.54	9.86	9.60	57.34	67.34	77.00	56.73	79.07	0.45	0.41	0.04	0.81
BSX	BOSTON SCIENTIFIC CORP	$99.74	10,331,000	13.51%	101.17	103.25	100.74	101.41	94.47	40.08	11.24	7.73	7.60	2.79	-0.82	-0.07	-0.75	0.76
SIBN	SI-BONE INC	$17.42	1,592,000	647.42%	18.67	18.82	16.48	16.37	15.25	42.86	27.69	43.93	0.44	10.06	0.39	0.66	-0.27	1.18
QDEL	QUIDELORTHO CORP	$28.90	928,000	25.58%	30.13	30.68	29.60	34.65	38.40	43.02	31.37	42.87	35.69	56.14	-0.30	-0.14	-0.16	0.79
MASI	MASIMO CORP	$161.20	547,000	17.38%	166.20	160.50	158.06	166.18	158.04	49.18	61.14	71.44	43.49	63.49	2.25	1.85	0.39	1.09
LIVN	LIVANOVA PLC	$45.76	417,000	-8.15%	45.58	44.55	40.50	42.23	46.34	59.44	73.85	83.37	55.01	74.14	1.49	1.44	0.05	0.90
ARAY	ACCURAY INC	$1.22	809,000	-22.21%	1.38	1.49	1.51	1.78	1.87	29.53	19.61	21.13	0.00	0.00	-0.09	-0.05	-0.04	1.36
SYK	STRYKER CORP	$377.30	876,000	-0.23%	381.76	382.99	372.13	377.71	373.03	45.68	40.86	55.15	13.11	37.29	1.04	2.12	-1.09	0.89
DXCM	DEXCOM INC	$81.99	2,904,000	3.53%	84.87	85.28	77.76	79.48	76.61	45.80	8.36	16.99	0.00	0.00	1.01	1.94	-0.93	1.19
PODD	INSULET CORP	$304.63	671,000	-22.52%	311.13	317.76	285.68	278.31	262.81	49.22	23.66	18.31	15.39	9.40	3.70	8.22	-4.52	1.15
PHG	KONINKLIJKE PHILIPS NV	$22.75	799,000	17.33%	23.27	23.28	23.74	25.18	26.74	39.85	59.19	72.40	57.08	80.31	-0.21	-0.27	0.06	0.91
ALGN	ALIGN TECHNOLOGY INC	$177.85	779,000	13.23%	181.26	180.31	175.77	182.97	204.68	47.12	58.19	73.58	43.13	68.94	1.13	1.31	-0.18	1.55
SNWV	SANUWAVE HEALTH INC	$29.70	32,400	-42.45%	29.03	29.04	29.59	N/A	N/A	50.27	81.97	87.12	86.17	94.51	0.01	-0.35	0.36	0.63
AHCO	ADAPTHEALTH CORP	$8.60	882,000	19.84%	8.82	8.93	8.74	9.41	9.87	43.28	20.42	25.42	3.80	6.20	-0.03	0.00	-0.03	1.05
ABT	ABBOTT LABORATORIES	$135.62	3,927,000	-22.73%	134.26	133.77	131.35	131.06	123.07	59.48	89.56	82.19	89.68	89.98	0.97	0.78	0.19	0.59
MDT	MEDTRONIC PLC	$87.27	6,012,000	2.68%	86.86	85.11	84.34	87.63	87.26	58.26	92.39	93.75	91.06	97.02	0.95	0.47	0.48	0.62
GMED	GLOBUS MEDICAL INC	$58.90	1,153,000	65.66%	59.95	59.86	65.47	73.35	75.61	38.79	58.36	73.82	54.89	76.51	-1.47	-1.96	0.50	0.96
NPCE	NEUROPACE INC	$11.07	503,000	51.96%	12.62	14.19	12.82	12.74	10.74	34.79	11.65	17.55	0.00	2.55	-0.51	-0.07	-0.44	0.89
EW	EDWARDS LIFESCIENCES CORP	$75.15	2,662,000	-6.63%	76.76	76.81	74.45	72.98	71.31	44.53	22.83	30.93	5.16	4.24	0.28	0.68	-0.40	0.90
TMDX	TRANSMEDICS GROUP INC	$142.88	457,000	-7.68%	136.62	130.77	107.12	88.34	96.47	81.98	90.02	90.35	98.86	97.50	10.04	9.94	0.10	1.55
AXGN	AXOGEN INC	$9.75	543,000	0.00%	10.60	10.93	13.53	15.89	15.14	27.37	6.94	10.38	20.78	40.97	-0.97	-1.03	0.06	1.27
BIO	BIO-RAD LABORATORIES INC	$226.91	452,000	18.64%	224.35	229.04	235.94	262.25	299.83	46.17	74.73	68.75	88.81	91.04	-3.35	-4.44	1.10	0.96
CNMD	CONMED CORP	$53.55	326,000	-27.23%	56.63	57.24	55.18	59.26	64.90	40.33	20.82	45.17	10.22	41.77	-0.14	0.25	-0.39	1.12
INSP	INSPIRE MEDICAL SYSTEMS INC	$127.18	984,000	27.30%	134.38	139.57	147.38	162.58	179.03	27.18	6.13	14.03	8.28	28.08	-5.75	-4.98	-0.77	1.34
ZBH	ZIMMER BIOMET HOLDINGS INC	$91.28	1,370,000	23.31%	92.53	93.12	97.10	102.31	104.85	40.34	61.73	73.81	57.22	78.61	-1.29	-1.63	0.34	0.70
INMD	INMODE LTD	$13.36	2,371,000	133.37%	14.31	14.40	14.71	16.53	16.93	34.21	17.20	37.32	13.56	41.92	-0.25	-0.21	-0.04	1.65
ATEC	ALPHATEC HOLDINGS INC	$11.06	1,994,000	69.13%	12.07	12.35	11.63	11.21	9.51	36.32	8.67	20.21	0.00	6.04	-0.08	0.13	-0.21	1.24
INGN	INOGEN INC	$6.25	133,000	0.00%	6.45	6.41	6.69	7.94	8.90	42.75	22.12	37.56	26.88	55.19	-0.07	-0.09	0.02	1.14
AORT	ARTIVION INC	$28.25	243,000	38.07%	28.84	29.03	26.49	26.85	27.15	49.54	30.24	45.06	6.53	17.97	0.50	0.74	-0.24	1.04
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$9.84	271,000	18.34%	10.09	10.03	11.59	13.42	14.54	38.24	42.29	56.21	59.48	76.88	-0.38	-0.50	0.12	1.06
ITGR	INTEGER HOLDINGS CORP	$118.30	371,000	-30.39%	120.16	120.01	119.25	124.18	128.26	44.64	34.83	54.09	15.88	48.04	-0.03	0.08	-0.12	0.96
BRKR	BRUKER CORP	$38.30	1,606,000	11.99%	38.57	37.78	38.30	43.98	52.45	49.20	59.92	72.22	63.23	80.76	0.15	-0.19	0.34	1.08
RPID	RAPID MICRO BIOSYSTEMS INC	$3.55	87,000	24.29%	3.60	3.44	2.81	2.69	1.84	57.99	72.03	72.81	14.46	16.75	0.23	0.24	-0.02	1.19
CERS	CERUS CORP	$1.32	1,011,000	32.16%	1.41	1.34	1.33	1.49	1.64	46.75	44.74	54.68	41.53	56.56	0.02	0.02	0.00	1.67
GKOS	GLAUKOS CORP	$97.60	798,000	-5.79%	95.06	95.42	92.32	109.67	123.59	56.36	61.88	56.50	84.99	84.55	0.81	0.37	0.44	1.21
RSLS	RESHAPE LIFESCIENCES INC	$2.52	1,232,000	-98.45%	3.73	4.48	7.28	25.96	86.87	35.93	6.77	5.24	17.41	9.47	-1.59	-1.63	0.04	0.83
BFLY	BUTTERFLY NETWORK INC	$2.30	2,922,000	19.90%	2.42	2.38	2.34	2.90	2.71	45.48	49.47	63.78	40.51	62.72	0.02	0.02	0.00	1.97
PTHL	PHETON HOLDINGS LTD	$17.29	282,000	-25.79%	12.31	9.00	5.76	4.44	N/A	90.36	84.76	81.04	100.00	100.00	3.18	2.10	1.07	0.24
IRTC	IRHYTHM TECHNOLOGIES INC	$143.85	316,000	-27.02%	145.41	143.68	125.97	116.94	98.03	60.14	63.14	75.44	8.29	22.53	5.01	6.06	-1.06	1.27
CBLL	CERIBELL INC	$17.27	406,000	63.71%	17.54	17.45	16.62	19.39	N/A	49.55	74.52	76.17	65.96	79.70	0.20	0.16	0.04	1.54
MASS	908 DEVICES INC	$7.31	365,000	-47.71%	6.90	6.02	5.32	4.23	3.61	71.35	95.66	93.99	95.04	96.40	0.61	0.50	0.12	1.76
UFPT	UFP TECHNOLOGIES INC	$233.00	179,000	-13.11%	237.41	236.95	222.68	230.51	262.76	49.84	42.04	47.42	13.21	25.46	2.87	4.08	-1.21	0.88
TMCI	TREACE MEDICAL CONCEPTS INC	$5.67	393,000	21.30%	5.87	6.03	6.61	7.89	7.24	35.16	37.74	46.40	61.57	78.38	-0.26	-0.30	0.04	1.27
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$12.16	954,000	-43.78%	13.08	13.01	14.73	19.18	20.14	36.83	26.45	48.29	35.43	61.17	-0.52	-0.65	0.13	0.97
NVCR	NOVOCURE LTD	$17.55	1,407,000	-1.75%	17.26	17.91	17.45	19.36	20.21	48.71	38.63	39.67	48.16	49.10	-0.08	-0.07	-0.02	1.35
SENS	SENSEONICS HOLDINGS INC	$0.50	5,646,000	95.36%	0.52	0.52	0.60	0.73	0.56	36.24	24.55	33.96	52.34	68.85	-0.03	-0.03	0.00	1.76
SSII	SS INNOVATIONS INTERNATIONAL INC	$3.54	77,500	-14.84%	4.98	6.48	N/A	N/A	N/A	14.93	2.43	2.57	64.69	67.89	N/A	N/A	N/A	0.07
LUNG	PULMONX CORP	$3.03	179,000	31.62%	3.18	3.19	4.08	5.64	6.26	37.99	42.92	58.14	71.96	83.98	-0.25	-0.33	0.08	1.32
MDAI	SPECTRAL AI INC	$1.97	456,000	114.08%	1.94	1.70	1.43	1.58	1.58	62.54	74.79	79.83	36.03	56.79	0.19	0.16	0.04	0.35
ECOR	ELECTROCORE INC	$5.09	67,000	87.15%	5.41	5.24	5.77	9.63	10.24	41.56	58.01	74.65	59.25	77.53	-0.16	-0.25	0.10	0.71
SRDX	SURMODICS INC	$29.16	79,000	2.07%	29.38	29.25	28.67	30.60	34.72	51.31	34.26	35.09	9.18	7.03	0.14	0.17	-0.03	0.83
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$37.44	660,000	13.99%	37.43	36.81	33.88	35.28	39.17	55.58	64.96	72.25	62.86	78.41	0.94	0.90	0.04	1.53
BSGM	BIOSIG TECHNOLOGIES INC	$6.39	813,000	-16.01%	6.52	5.42	2.84	1.83	1.45	61.61	56.48	59.65	4.94	5.16	1.17	1.21	-0.04	1.08
ANIK	ANIKA THERAPEUTICS INC	$10.93	43,000	22.16%	11.38	11.48	12.86	14.79	17.66	35.14	27.18	40.09	55.46	75.14	-0.50	-0.58	0.07	0.82
PRCT	PROCEPT BIOROBOTICS CORP	$60.63	537,000	-3.07%	61.85	59.88	56.05	60.29	71.94	53.58	54.27	62.43	35.75	51.17	1.67	1.61	0.06	1.29
MXCT	MAXCYTE INC	$2.20	912,000	10.01%	2.25	2.26	2.46	3.09	3.52	42.86	46.91	52.26	68.08	78.02	-0.07	-0.09	0.02	1.43
RXST	RXSIGHT INC	$14.21	555,000	6.32%	15.09	15.46	14.93	21.87	33.72	40.63	10.88	21.25	1.55	20.62	-0.29	-0.23	-0.06	1.26
TNDM	TANDEM DIABETES CARE INC	$20.76	1,124,000	3.21%	20.84	21.22	19.86	23.50	29.96	48.86	50.79	54.63	49.04	59.41	0.07	0.13	-0.06	1.30
CLPT	CLEARPOINT NEURO INC	$11.54	301,000	-2.90%	12.73	12.55	12.77	14.11	13.58	40.01	22.43	41.67	22.37	43.65	-0.16	-0.11	-0.04	1.70
MYO	MYOMO INC	$2.80	830,000	84.44%	2.90	3.06	3.81	4.66	4.74	28.80	13.05	12.41	18.78	33.55	-0.29	-0.32	0.03	1.30
NVNO	ENVVENO MEDICAL CORP	$4.34	55,000	-63.33%	3.99	3.79	3.25	3.20	3.41	63.13	76.42	78.21	82.91	87.21	0.28	0.21	0.06	0.89
TNON	TENON MEDICAL INC	$0.88	282,000	7.22%	1.00	1.06	1.11	1.32	2.27	28.68	10.46	12.65	0.00	0.99	-0.06	-0.05	-0.01	1.06
ALUR	ALLURION TECHNOLOGIES INC	$2.48	81,000	47.27%	2.70	2.78	2.59	3.29	8.21	41.32	31.53	39.19	13.01	24.05	-0.02	0.02	-0.03	0.35
OM	OUTSET MEDICAL INC	$19.96	338,000	6.62%	20.01	19.36	15.03	13.15	12.43	61.53	66.51	71.57	41.96	53.41	1.47	1.61	-0.14	1.35
CTKB	CYTEK BIOSCIENCES INC	$3.22	1,300,000	45.41%	3.29	2.94	3.32	4.07	4.97	51.28	71.55	77.71	78.99	86.88	0.04	-0.05	0.09	1.41
BDMD	BAIRD MEDICAL INVESTMENT HOLDINGS LTD	$5.40	346,000	276.09%	4.50	4.60	5.15	5.40	5.39	58.68	61.59	59.42	87.02	81.70	-0.15	-0.24	0.09	-0.11
SRTS	SENSUS HEALTHCARE INC	$4.81	46,500	-24.51%	4.94	4.83	4.66	5.10	6.02	49.98	54.56	67.44	40.70	67.42	0.10	0.09	0.01	0.93
RCEL	AVITA MEDICAL INC	$5.54	568,000	273.68%	5.92	6.10	7.66	8.35	9.75	32.35	33.88	38.88	75.91	86.75	-0.54	-0.61	0.07	1.40
OFIX	ORTHOFIX MEDICAL INC	$11.00	353,000	6.97%	11.06	11.30	12.56	15.03	16.10	38.43	48.96	53.97	72.54	84.80	-0.45	-0.56	0.11	0.99
ICCM	ICECURE MEDICAL LTD	$0.97	212,000	-17.83%	1.02	1.03	1.08	1.20	1.00	38.96	42.93	50.76	11.38	25.09	-0.02	-0.02	-0.00	0.73
IINN	INSPIRA TECHNOLOGIES OXY BHN LTD	$0.73	263,000	-5.40%	0.70	0.60	0.60	0.72	0.97	59.78	83.60	83.46	91.46	92.36	0.05	0.03	0.02	1.15
KIDS	ORTHOPEDIATRICS CORP	$21.16	108,000	-33.74%	21.13	21.29	21.57	23.13	24.64	47.03	75.40	78.50	77.95	88.16	-0.13	-0.26	0.14	1.19
QIPT	QUIPT HOME MEDICAL CORP	$2.00	222,000	32.14%	2.00	1.88	1.98	2.32	2.54	51.58	71.07	76.12	70.57	78.77	0.03	-0.01	0.04	0.56
BJDX	BLUEJAY DIAGNOSTICS INC	$1.66	110,000	25.00%	1.81	1.79	2.07	2.96	4.13	44.42	26.39	32.87	42.18	48.99	-0.07	-0.10	0.03	0.64
TELA	TELA BIO INC	$1.70	166,000	80.43%	1.79	1.57	1.22	1.78	2.27	59.14	67.56	76.32	33.63	52.11	0.18	0.16	0.02	0.84
TIVC	TIVIC HEALTH SYSTEMS INC	$3.71	61,000	79.41%	3.94	4.08	4.45	4.70	4.75	38.95	12.60	9.32	13.71	12.96	-0.16	-0.14	-0.02	0.97
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.20	7,315,000	21.11%	1.11	1.05	1.13	1.28	1.58	58.73	76.69	76.90	93.36	91.97	0.02	-0.01	0.03	2.33
VERO	VENUS CONCEPT INC	$2.51	77,000	-41.22%	2.57	2.43	2.74	3.06	3.93	49.43	16.83	19.70	26.44	30.98	0.01	-0.03	0.04	2.59
CVRX	CVRX INC	$5.86	282,000	-6.62%	6.41	6.55	6.88	10.32	11.08	40.02	22.04	29.19	25.63	38.72	-0.26	-0.26	-0.00	1.55
MGRM	MONOGRAM TECHNOLOGIES INC	$2.66	46,000	142.11%	2.56	2.59	2.65	2.67	2.57	52.75	68.77	67.74	86.43	88.64	-0.02	-0.04	0.02	1.13
SGHT	SIGHT SCIENCES INC	$4.13	163,000	106.33%	4.13	3.77	3.21	2.95	3.92	66.06	88.89	88.36	63.06	69.32	0.29	0.28	0.01	1.72
TLSI	TRISALUS LIFE SCIENCES INC	$5.19	34,600	1.76%	5.34	5.35	5.37	5.40	4.92	46.05	49.07	62.52	47.21	62.27	0.01	0.01	0.00	0.15
BBNX	BETA BIONICS INC	$19.09	455,000	84.21%	19.11	17.19	13.80	N/A	N/A	65.04	83.35	83.87	71.76	76.25	1.59	1.49	0.10	2.01
NAOV	NANOVIBRONIX INC	$1.02	1,228,000	-59.99%	1.01	1.08	3.39	3.78	5.24	35.56	45.96	38.98	91.75	81.77	-0.62	-0.75	0.13	0.73
VVOS	VIVOS THERAPEUTICS INC	$2.14	169,000	65.69%	2.23	2.26	2.46	3.05	3.24	39.73	25.85	27.75	35.95	36.37	-0.13	-0.12	-0.01	0.91
QTRX	QUANTERIX CORP	$6.06	570,000	-22.13%	5.73	5.36	5.38	6.62	9.37	56.72	68.80	76.04	73.90	79.82	0.20	0.05	0.15	1.86
PROF	PROFOUND MEDICAL CORP	$6.54	25,800	-61.83%	5.99	5.55	5.07	5.88	6.82	68.10	64.16	74.64	67.00	83.12	0.39	0.25	0.14	0.96
NNOX	NANO-X IMAGING LTD	$5.04	853,000	-6.47%	5.32	5.30	5.09	5.77	6.19	43.46	33.66	58.56	16.08	49.10	0.01	0.03	-0.02	1.77
CATX	PERSPECTIVE THERAPEUTICS INC	$3.17	816,000	55.43%	3.14	2.86	2.46	2.66	5.85	59.22	64.95	69.50	66.59	77.99	0.23	0.20	0.04	1.11

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jun 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. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) 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 Smith & Nephew (NYSE:SNN) is: Value: B, Growth: B, Momentum: B, Sentiment: B, Safety: A, Financials: B, and AI: C.

Smith & Nephew (NYSE:SNN) has a Due Diligence Score of 48, which is 21 points higher than the medical device industry average of 27.

SNN passed 17 out of 38 due diligence checks and has strong fundamentals. Smith & Nephew has seen its stock return 14.45% over the past year, overperforming other medical device stocks by 31 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -6.43% from Smith & Nephew's current stock price of $29.39.

Smith & Nephew stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts 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.

2. Avanos Medical (NYSE:AVNS)

Avanos Medical (NYSE:AVNS) 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 Avanos Medical (NYSE:AVNS) is: Value: B, Growth: B, Momentum: F, Sentiment: B, Safety: C, Financials: B, and AI: C.

Avanos Medical (NYSE:AVNS) has a Due Diligence Score of 24, which is -3 points lower than the medical device industry average of 27. Although this number is below the industry average, our proven quant model rates AVNS as a "A".

AVNS passed 7 out of 33 due diligence checks and has weak fundamentals. Avanos Medical has seen its stock lose -38.3% over the past year, underperforming other medical device stocks by -22 percentage points.

3. Electromed (NYSEMKT:ELMD)

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

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 47, which is 20 points higher than the medical device industry average of 27.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 33.71% over the past year, overperforming other medical device stocks by 50 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 89.34% from Electromed's current stock price of $20.07.

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 9 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 2.55%, which is 1 percentage points higher than the medical device industry average of 1.18%. 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 79.4% indicates that its dividend yield is sustainable for the long-term.

2. Medtronic (NYSE:MDT)

Medtronic (NYSE:MDT) has an annual dividend yield of 2.41%, which is 1 percentage points higher than the medical device industry average of 1.18%. Medtronic's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Medtronic's dividend has shown consistent growth over the last 10 years.

Medtronic's dividend payout ratio of 84.3% indicates that its dividend yield is sustainable for the long-term.

3. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 1.25%, which is the same as the medical device industry average of 1.18%. 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 21.9% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.21% in the last day, and down -2.39% 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 -26.59% in the past year. It has underperformed other stocks in the medical device industry by -10 percentage points.

2. Adapthealth (NASDAQ:AHCO)

Adapthealth (NASDAQ:AHCO) 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.

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 -25.86% in the past year. It has underperformed other stocks in the medical device industry by -9 percentage points.

3. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) 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.

Conmed has a valuation score of 43, which is 28 points higher than the medical device industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -26.48% in the past year. It has underperformed other stocks in the medical device industry by -10 percentage points.

Are medical device stocks a good buy now?

55.24% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 32.43% over the next year.

5.56% of medical device stocks have a Zen Rating of A (Strong Buy), 12.04% of medical device stocks are rated B (Buy), 57.41% are rated C (Hold), 19.44% are rated D (Sell), and 5.56% 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 35.6x.

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 (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.

Medical Device Stocks FAQ

1. Smith & Nephew (NYSE:SNN)

2. Avanos Medical (NYSE:AVNS)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Medtronic (NYSE:MDT)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Adapthealth (NASDAQ:AHCO)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest 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.

Medical Device Stocks FAQ

1. Smith & Nephew (NYSE:SNN)

2. Avanos Medical (NYSE:AVNS)

3. Electromed (NYSEMKT:ELMD)

1. Smith & Nephew (NYSE:SNN)

2. Medtronic (NYSE:MDT)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Adapthealth (NASDAQ:AHCO)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical 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.