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 +28.50% 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 63rd ranked industry out of 145 stock market industries

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
ANIK	ANIKA THERAPEUTICS INC	$278.50M	-2.70%	-2.00%	-2.22%	-2.80%	0.34	4.48	62.20%	-3.10%	-2.96%
BVS	BIOVENTUS INC	$1.09B	28.40%	8.00%	9.89%	13.10%	1.73	1.69	68.70%	9.40%	8.85%
LIVN	LIVANOVA PLC	$4.30B	15.40%	7.30%	7.43%	23.90%	0.99	1.45	68.10%	12.80%	9.77%
ELMD	ELECTROMED INC	$221.95M	23.40%	19.30%	26.57%	45.30%	0.23	4.69	78.50%	15.30%	19.46%
NSYS	NORTECH SYSTEMS INC	$33.65M	3.00%	1.40%	5.72%	4.30%	1.26	1.78	16.40%	0.80%	2.02%
STE	STERIS PLC	$19.99B	11.30%	7.60%	12.13%	21.50%	0.49	1.91	44.40%	13.30%	18.99%
CNMD	CONMED CORP	$1.36B	5.50%	2.40%	6.13%	8.10%	1.21	1.48	55.80%	4.10%	8.25%
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$502.88M	11.50%	9.20%	15.58%	38.50%	0.25	4.12	76.80%	7.10%	10.74%
BRKR	BRUKER CORP	$9.35B	-4.40%	-1.70%	-0.06%	-0.10%	1.52	1.85	46.40%	-3.10%	-0.08%
PHG	KONINKLIJKE PHILIPS NV	$23.76B	7.80%	3.20%	7.84%	11.90%	1.46	1.32	45.20%	5.00%	8.54%
DXCM	DEXCOM INC	$33.72B	36.20%	14.80%	31.68%	28.80%	1.46	1.73	62.50%	20.10%	26.13%
ALGN	ALIGN TECHNOLOGY INC	$10.49B	10.10%	6.60%	12.62%	20.30%	0.52	1.40	68.00%	10.00%	13.74%
DCTH	DELCATH SYSTEMS INC	$559.00M	0.50%	0.40%	2.07%	3.40%	0.13	9.83	87.10%	0.60%	2.68%
VMD	VIEMED HEALTHCARE INC	$339.37M	10.30%	7.20%	14.12%	21.60%	0.41	1.13	57.50%	4.80%	7.32%
UFPT	UFP TECHNOLOGIES INC	$2.14B	16.70%	10.90%	15.97%	24.90%	0.48	3.00	28.50%	11.40%	15.26%
GKOS	GLAUKOS CORP	$9.66B	-27.10%	-20.30%	-22.97%	-31.50%	0.35	5.04	60.70%	-30.70%	-30.67%
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$1.18B	-0.70%	-0.20%	2.84%	2.80%	2.42	3.60	52.50%	-0.40%	5.56%
AXGN	AXOGEN INC	$2.38B	-17.90%	-13.00%	-10.70%	-14.20%	0.19	6.60	74.60%	-13.40%	-11.70%
SGHT	SIGHT SCIENCES INC	$441.81M	-50.60%	-26.70%	-29.20%	-50.00%	0.98	4.95	88.00%	-35.70%	-29.55%
GMED	GLOBUS MEDICAL INC	$9.95B	11.60%	10.00%	12.83%	27.90%	0.15	4.62	68.50%	17.00%	20.44%
BWAY	BRAINSWAY LTD	$533.05M	12.70%	8.10%	11.96%	34.40%	0.54	3.59	75.30%	15.60%	19.57%
LNSR	LENSAR INC	$86.86M	-529.10%	50.00%	69.51%	129.40%	2.74	2.39	48.30%	57.60%	57.58%
CERS	CERUS CORP	$534.04M	-10.30%	-3.10%	1.07%	0.70%	1.92	1.83	57.20%	-2.70%	0.51%
NVCR	NOVOCURE LTD	$1.94B	-44.00%	-15.90%	-26.88%	-19.50%	1.35	2.89	76.10%	-21.20%	-22.08%
SYK	STRYKER CORP	$105.53B	16.40%	7.90%	14.65%	22.10%	1.00	2.16	65.00%	14.40%	23.39%
SNN	SMITH & NEPHEW PLC	$12.10B	11.70%	5.80%	10.25%	11.90%	1.13	2.14	68.00%	10.10%	14.91%
EW	EDWARDS LIFESCIENCES CORP	$50.87B	9.70%	7.40%	11.85%	21.30%	0.30	4.52	77.80%	15.40%	22.49%
ATEC	ALPHATEC HOLDINGS INC	$1.57B	-6,752.20%	-13.90%	-11.08%	-7.20%	-66.54	1.89	70.80%	-13.50%	-7.52%
IRTC	IRHYTHM HOLDINGS INC	$3.60B	-9.00%	-1.40%	0.02%	0.00%	4.88	3.86	71.50%	-1.70%	0.03%
LMRI	LUMEXA IMAGING HOLDINGS INC	$1.06B	N/A	N/A	N/A	N/A	1.94	1.44	N/A	N/A	N/A
PODD	INSULET CORP	$9.75B	26.70%	12.10%	22.86%	21.40%	1.23	2.49	71.10%	12.30%	18.12%
ENOV	ENOVIS CORP	$1.04B	-68.20%	-27.80%	-32.89%	-39.00%	1.55	1.99	61.10%	-48.00%	-45.17%
MDT	MEDTRONIC PLC	$117.85B	10.60%	5.70%	8.94%	13.10%	0.85	2.07	65.00%	13.90%	19.41%
IRMD	IRADIMED CORP	$1.05B	23.50%	20.40%	28.11%	69.20%	0.13	9.46	75.90%	26.70%	34.45%
QDEL	QUIDELORTHO CORP	$728.27M	-55.30%	-18.40%	-17.52%	-16.80%	2.22	1.39	44.60%	-39.20%	-30.93%
ABT	ABBOTT LABORATORIES	$177.55B	10.40%	5.60%	9.06%	14.90%	1.11	1.38	56.60%	11.60%	17.77%
ZBH	ZIMMER BIOMET HOLDINGS INC	$18.19B	6.40%	3.50%	6.18%	9.60%	0.81	1.69	69.90%	9.50%	14.36%
RCEL	AVITA MEDICAL INC	$340.81M	N/A	-78.50%	179.86%	-185.10%	-2.72	0.41	81.60%	-57.00%	-49.79%
SIBN	SI-BONE INC	$810.77M	-8.20%	-6.10%	-5.40%	-5.50%	0.36	9.15	79.50%	-6.90%	-5.68%
BIO	BIO-RAD LABORATORIES INC	$10.06B	3.20%	2.20%	4.30%	4.20%	0.43	3.14	51.90%	8.60%	15.42%
MYO	MYOMO INC	$58.62M	-142.00%	-40.10%	-49.65%	-40.40%	5.06	2.31	68.40%	-33.50%	-28.39%
KIDS	ORTHOPEDIATRICS CORP	$569.72M	-11.50%	-7.90%	-6.77%	-8.70%	0.49	4.78	73.70%	-15.70%	-12.29%
BFLY	BUTTERFLY NETWORK INC	$2.10B	-38.40%	-25.90%	-32.72%	-72.60%	0.49	4.06	52.60%	-66.70%	-65.48%
TMCI	TREACE MEDICAL CONCEPTS INC	$292.01M	-74.10%	-31.60%	-38.48%	-28.30%	1.67	2.90	79.50%	-29.00%	-26.15%
ALMR	ALAMAR BIOSCIENCES INC	$2.42B	N/A	N/A	N/A	N/A	0.25	11.85	N/A	N/A	N/A
MXCT	MAXCYTE INC	$122.82M	-21.00%	-17.90%	-20.39%	-19.10%	0.16	12.26	79.20%	-114.80%	-114.77%
BSX	BOSTON SCIENTIFIC CORP	$62.81B	14.90%	8.40%	10.91%	18.00%	0.80	1.24	69.90%	17.50%	20.15%
MASS	908 DEVICES INC	$435.24M	-25.60%	-18.10%	-23.53%	-73.80%	0.56	2.67	52.20%	-57.00%	-57.28%
ECOR	ELECTROCORE INC	$105.31M	N/A	-81.30%	-257.31%	-154.50%	-7.12	1.21	87.10%	-40.00%	-37.52%
INMD	INMODE LTD	$845.26M	11.80%	10.40%	14.19%	26.90%	0.15	8.18	76.50%	20.70%	24.28%
NPCE	NEUROPACE INC	$490.15M	-119.70%	-18.70%	-16.10%	-9.30%	7.16	4.94	79.60%	-19.30%	-12.96%
LUNG	PULMONX CORP	$88.90M	-96.70%	-38.30%	-46.38%	-47.10%	1.93	4.32	77.10%	-55.00%	-50.03%
CTKB	CYTEK BIOSCIENCES INC	$688.91M	-23.50%	-17.40%	-11.43%	-14.60%	0.39	4.48	53.20%	-39.00%	-20.05%
OFIX	ORTHOFIX MEDICAL INC	$354.78M	-14.10%	-7.20%	-5.52%	-7.30%	1.03	2.84	71.30%	-7.40%	-4.74%
INSP	INSPIRE MEDICAL SYSTEMS INC	$2.22B	17.60%	15.20%	8.13%	9.70%	0.12	8.55	86.10%	15.00%	7.73%
TNDM	TANDEM DIABETES CARE INC	$1.17B	-46.00%	-6.20%	-5.79%	-4.20%	7.85	3.18	56.00%	-6.10%	-5.01%
PEN	PENUMBRA INC	$12.51B	11.10%	8.60%	11.71%	13.90%	0.29	5.75	67.80%	10.70%	13.54%
LAB	STANDARD BIOTOOLS INC	$302.29M	17.60%	14.30%	8.39%	13.80%	0.16	9.10	50.50%	100.40%	56.59%
INGN	INOGEN INC	$136.41M	-13.20%	-8.40%	-11.79%	-23.70%	0.63	2.74	44.50%	-6.90%	-7.14%
APYX	APYX MEDICAL CORP	$128.90M	-78.70%	-13.90%	-5.05%	-4.20%	4.69	5.68	63.50%	-14.80%	-4.47%
SI	SHOULDER INNOVATIONS INC	$378.07M	-25.70%	-21.20%	-26.34%	-26.80%	0.22	10.71	77.30%	-58.30%	-61.04%
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$2.07B	-203.90%	-11.10%	-6.93%	-4.50%	15.29	3.84	70.50%	-15.80%	-8.10%
CBLL	CERIBELL INC	$935.27M	-44.90%	-35.70%	-43.03%	-41.60%	0.30	9.18	88.90%	-64.70%	-62.95%
OM	OUTSET MEDICAL INC	$59.21M	-62.30%	-28.80%	-30.04%	-21.10%	1.52	5.19	41.80%	-63.10%	-50.62%
SNWV	SANUWAVE HEALTH INC	$39.14M	1,728.10%	39.00%	97.60%	89.70%	12.13	1.28	76.30%	32.60%	40.97%
MOBI	MOBIA MEDICAL INC	$350.89M	N/A	N/A	N/A	N/A	0.13	13.28	N/A	N/A	N/A
HSCS	HEARTSCIENCES INC	$24.96M	-816.20%	-182.00%	498.69%	-1,302.50%	-2.84	0.14	60.90%	-227,024.20%	-209,219.10%
TLSI	TRISALUS LIFE SCIENCES INC	$314.03M	N/A	-114.40%	-43.61%	-59.10%	8.53	5.35	85.80%	-130.20%	-49.61%
HYPR	HYPERFINE INC	$83.25M	-100.30%	-63.30%	-64.15%	-225.70%	0.71	6.15	51.40%	-210.80%	-207.03%
CODX	CO-DIAGNOSTICS INC	$5.91M	-211.00%	-175.00%	-354.60%	-1,161.40%	0.31	1.81	43.50%	-6,523.00%	-6,747.69%
NUWE	NUWELLIS INC	$3.27M	-634.20%	-150.00%	-102.50%	-314.40%	-5.44	1.97	69.70%	-125.60%	-58.20%
MDAI	SPECTRAL AI INC	$52.78M	N/A	-54.60%	2,019.40%	379.00%	-2.61	0.90	42.90%	-65.50%	-56.81%
TNON	TENON MEDICAL INC	$2.72M	-548.40%	-124.80%	-783.49%	-665.90%	-6.69	0.58	66.80%	-257.90%	-238.50%
CV	CAPSOVISION INC	$335.31M	-177.80%	-135.10%	-222.24%	-693.70%	0.41	3.35	50.90%	-214.70%	-214.56%
QTRX	QUANTERIX CORP	$145.19M	-43.60%	-31.80%	-46.54%	-69.40%	0.35	3.40	42.70%	-80.20%	-81.68%
BBNX	BETA BIONICS INC	$984.82M	-26.30%	-23.20%	-27.40%	-28.20%	0.14	8.88	58.30%	-61.30%	-61.32%
RXST	RXSIGHT INC	$216.28M	-17.40%	-14.70%	-17.20%	-17.30%	0.34	4.07	77.50%	-36.80%	-36.70%
STEX	STREAMEX CORP	$71.98M	-465.00%	-307.80%	-309.98%	-9,461.90%	0.09	20.21	N/A	N/A	N/A
ICCM	ICECURE MEDICAL LTD	$5.30M	-174.30%	-112.60%	-140.33%	-1,210.30%	0.49	2.88	36.10%	-427.70%	-423.69%
PRCT	PROCEPT BIOROBOTICS CORP	$1.11B	-30.60%	-22.10%	-28.45%	-47.50%	0.41	6.55	64.20%	-32.50%	-35.01%
CVRX	CVRX INC	$80.99M	-152.40%	-50.90%	-56.61%	-64.80%	3.63	8.05	86.90%	-84.90%	-75.09%
BJDX	BLUEJAY DIAGNOSTICS INC	$4.11M	-125.00%	-99.80%	-77.20%	-1,294.50%	0.23	4.64	N/A	N/A	N/A
AHCO	ADAPTHEALTH CORP	$778.53M	-15.20%	-5.20%	-3.83%	-4.70%	2.14	1.12	17.00%	-7.10%	-4.31%
SENS	SENSEONICS HOLDINGS INC	$506.53M	-165.80%	-80.20%	-68.50%	-86.00%	0.96	6.75	54.90%	-225.30%	-214.69%
PROF	PROFOUND MEDICAL CORP	$214.08M	-63.00%	-51.20%	-62.28%	-188.00%	0.25	6.46	71.80%	-171.60%	-173.83%
RPID	RAPID MICRO BIOSYSTEMS INC	$56.18M	-177.00%	-73.10%	-121.03%	-83.30%	2.29	2.55	5.50%	-145.60%	-138.66%
CATX	PERSPECTIVE THERAPEUTICS INC	$328.76M	-41.60%	-34.10%	-32.89%	-50.20%	0.21	6.61	100.00%	-28,468.00%	-28,587.29%
TMDX	TRANSMEDICS GROUP INC	$3.00B	33.00%	12.30%	6.87%	7.00%	1.83	6.63	58.70%	22.70%	14.03%
AORT	ARTIVION INC	$1.14B	-0.70%	-0.30%	2.75%	4.40%	1.41	3.47	64.40%	-0.70%	5.62%
PMI	PICARD MEDICAL INC	$11.88M	-931.20%	-198.30%	-1,484.67%	-1,743.20%	4.34	1.02	18.60%	-444.30%	-404.40%
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$425.84M	-4,961.70%	-16.80%	-18.04%	-12.00%	-23.64	4.92	36.40%	-82.50%	-77.37%
LUCD	LUCID DIAGNOSTICS INC	$159.75M	-503.00%	-156.00%	-457.05%	-1,674.50%	2.56	1.33	-21.70%	-1,193.90%	-959.43%
MODD	MODULAR MEDICAL INC	$17.93M	-292.10%	-222.80%	-260.35%	-479.00%	0.14	3.25	N/A	N/A	N/A
PFSA	PROFUSA INC	$1.16M	N/A	-1,731.10%	157.56%	468.20%	-1.04	0.03	N/A	N/A	N/A
NNOX	NANO-X IMAGING LTD	$51.09M	-94.30%	-81.20%	-154.49%	-258.00%	0.26	2.84	-337.50%	-747.20%	-765.61%
MBOT	MICROBOT MEDICAL INC	$91.34M	-21.90%	-20.80%	-23.52%	-22.80%	0.06	18.56	-185.30%	-4,722.30%	-4,722.25%
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$32.94k	-20.90%	-10.80%	-12.16%	-13.00%	0.53	1.37	17.00%	-42.00%	-36.86%
CLPT	CLEARPOINT NEURO INC	$421.87M	-188.10%	-40.90%	-38.57%	-38.10%	7.05	4.75	62.60%	-81.80%	-69.73%
AMIX	AUTONOMIX MEDICAL INC	$4.09M	-267.70%	-216.70%	-509.36%	1,690.00%	0.26	4.85	N/A	N/A	N/A
VVOS	VIVOS THERAPEUTICS INC	$3.28M	N/A	-101.80%	-677.95%	-338.80%	-7.37	0.21	61.90%	-121.80%	-121.80%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Sep 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. Anika Therapeutics (NASDAQ:ANIK)

Anika Therapeutics (NASDAQ:ANIK) is the #1 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Anika Therapeutics (NASDAQ:ANIK) is: Value: C, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.

Anika Therapeutics (NASDAQ:ANIK) has a Due Diligence Score of 26, which is -4 points lower than the medical device industry average of 30. Although this number is below the industry average, our proven quant model rates ANIK as a "A".

ANIK passed 8 out of 33 due diligence checks and has average fundamentals. Anika Therapeutics has seen its stock return 132.77% over the past year, overperforming other medical device stocks by 232 percentage points.

Anika Therapeutics has an average 1 year price target of $22.00, an upside of 5.72% from Anika Therapeutics's current stock price of $20.81.

Anika Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Anika Therapeutics, 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.

2. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #2 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 48, which is 18 points higher than the medical device industry average of 30.

BVS passed 15 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 79.31% over the past year, overperforming other medical device stocks by 179 percentage points.

Bioventus has an average 1 year price target of $16.00, an upside of 23.93% from Bioventus's current stock price of $12.91.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Bioventus, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Livanova (NASDAQ:LIVN)

Livanova (NASDAQ:LIVN) is the #3 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Livanova (NASDAQ:LIVN) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: A, Financials: B, and AI: C.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 37, which is 7 points higher than the medical device industry average of 30.

LIVN passed 12 out of 33 due diligence checks and has average fundamentals. Livanova has seen its stock return 39.53% over the past year, overperforming other medical device stocks by 139 percentage points.

Livanova has an average 1 year price target of $86.14, an upside of 10.43% from Livanova's current stock price of $78.01.

Livanova stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Livanova, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% 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 10 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) has an annual dividend yield of N/A, which is N/A percentage points lower than the medical device industry average of 1.77%. 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 10.8% indicates that its dividend yield is sustainable for the long-term.

2. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 4.1%, which is 2 percentage points higher than the medical device industry average of 1.77%. 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 high dividend yield might not be sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.79%, which is 1 percentage points higher than the medical device industry average of 1.77%. 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 51.9% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.36% in the last day, and up 1.06% 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 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 -5.41% in the past year. It has overperformed other stocks in the medical device industry by 94 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 43, which is 27 points higher than the medical device industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -11.67% in the past year. It has overperformed other stocks in the medical device industry by 88 percentage points.

3. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) 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.

Koninklijke Philips Nv has a valuation score of 14, which is -2 points higher than the medical device industry average of 16. It passed 1 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates PHG a Valuation Rating of "A".

Koninklijke Philips Nv's stock has dropped -12.7% in the past year. It has overperformed other stocks in the medical device industry by 87 percentage points.

Are medical device stocks a good buy now?

57.84% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 33.11% over the next year.

3.03% of medical device stocks have a Zen Rating of A (Strong Buy), 24.24% of medical device stocks are rated B (Buy), 51.52% are rated C (Hold), 19.19% are rated D (Sell), and 2.02% 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 22.31x.

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Anika Therapeutics (NASDAQ:ANIK)

2. Bioventus (NASDAQ:BVS)

3. Livanova (NASDAQ:LIVN)

1. Conmed (NYSE:CNMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Anika Therapeutics (NASDAQ:ANIK)

2. Bioventus (NASDAQ:BVS)

3. Livanova (NASDAQ:LIVN)

1. Conmed (NYSE:CNMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

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 +28.50% per year, and are the best medical device stocks to buy now. Learn More.