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
C
Medical Devices is Zen Rated C and is the 81st ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
AVNS
AVANOS MEDICAL INC
$551.69M$11.93N/AN/AN/AN/A0.55%N/A7.38%5.59%
STE
STERIS PLC
$22.43B$228.03$260.4314.21%Buy76.33%24.46%18.11%11.78%
SNN
SMITH & NEPHEW PLC
$13.29B$30.28$27.50-9.18%Hold25.43%36.87%N/AN/A
ELMD
ELECTROMED INC
$160.01M$19.08$38.0099.16%Strong Buy1N/AN/AN/AN/A
PEN
PENUMBRA INC
$9.21B$237.94$313.0031.55%Strong Buy1112.16%79.32%26.37%20.08%
VREX
VAREX IMAGING CORP
$339.06M$8.17$22.50175.40%Strong Buy20.67%N/A7.32%2.97%
ZIMV
ZIMVIE INC
$251.29M$9.00$16.5083.33%Buy22.00%N/A1.13%0.60%
LIVN
LIVANOVA PLC
$2.42B$44.33$59.2933.74%Buy74.67%N/A19.82%8.01%
BVS
BIOVENTUS INC
$572.55M$6.97$13.5093.69%Strong Buy22.47%N/A44.36%9.50%
BSX
BOSTON SCIENTIFIC CORP
$152.68B$103.20$120.0716.35%Strong Buy1410.70%38.74%27.57%15.26%
MASI
MASIMO CORP
$8.84B$162.99$191.6717.59%Strong Buy3-3.71%N/A36.38%15.01%
IRMD
IRADIMED CORP
$732.01M$57.57$72.0025.07%Strong Buy17.59%3.82%26.12%23.12%
PHG
KONINKLIJKE PHILIPS NV
$22.23B$24.03N/AN/AN/AN/A5.59%N/A13.47%5.58%
VMD
VIEMED HEALTHCARE INC
$266.39M$6.74N/AN/AN/AN/AN/AN/AN/AN/A
SIBN
SI-BONE INC
$732.97M$17.20$25.7549.71%Strong Buy413.83%N/A-8.15%-6.00%
ARAY
ACCURAY INC
$140.10M$1.36N/AN/AN/AN/A-1.06%182.84%16.62%1.70%
MDT
MEDTRONIC PLC
$115.21B$89.92$98.889.96%Buy85.25%21.15%17.26%9.04%
QDEL
QUIDELORTHO CORP
$2.05B$30.34$40.8034.48%Hold51.30%N/A9.06%4.20%
INSP
INSPIRE MEDICAL SYSTEMS INC
$3.84B$130.26$211.3062.21%Strong Buy1014.84%24.07%24.87%21.63%
BWAY
BRAINSWAY LTD
$231.59M$12.31$16.0029.98%Buy115.88%27.08%28.63%18.21%
SYK
STRYKER CORP
$148.84B$389.46$435.6711.86%Strong Buy127.80%41.13%30.51%13.88%
DCTH
DELCATH SYSTEMS INC
$394.93M$11.34$25.00120.46%Strong Buy350.43%N/A77.27%70.99%
PODD
INSULET CORP
$20.36B$289.32$334.5015.62%Strong Buy1216.46%5.49%45.59%17.25%
DXCM
DEXCOM INC
$32.69B$83.37$98.4018.03%Strong Buy1013.46%31.92%67.29%22.59%
GMED
GLOBUS MEDICAL INC
$7.73B$57.12$85.8350.27%Strong Buy610.39%64.41%13.81%11.98%
EW
EDWARDS LIFESCIENCES CORP
$45.78B$78.05$80.002.50%Buy118.92%-24.08%20.44%15.90%
CNMD
CONMED CORP
$1.59B$51.27$57.7512.64%Hold44.92%12.47%17.07%7.26%
AXGN
AXOGEN INC
$541.52M$11.89$26.00118.67%Strong Buy514.91%N/A9.94%5.34%
ABT
ABBOTT LABORATORIES
$229.69B$132.02$146.4610.94%Strong Buy136.71%-7.03%24.61%14.82%
AHCO
ADAPTHEALTH CORP
$1.24B$9.22$13.4045.34%Strong Buy54.28%36.24%N/AN/A
BIO
BIO-RAD LABORATORIES INC
$6.99B$256.97$324.2526.18%Strong Buy4-0.15%N/A3.79%2.66%
ZBH
ZIMMER BIOMET HOLDINGS INC
$18.56B$93.79$109.6416.90%Buy145.57%24.25%14.56%8.13%
SNWV
SANUWAVE HEALTH INC
$297.56M$34.78N/AN/AN/AN/AN/AN/AN/AN/A
TMDX
TRANSMEDICS GROUP INC
$3.80B$112.46$133.0018.26%Strong Buy318.02%29.12%31.00%9.86%
NPCE
NEUROPACE INC
$312.24M$9.52$17.0078.57%Strong Buy515.71%N/A18.92%4.17%
ALGN
ALIGN TECHNOLOGY INC
$14.66B$202.28$229.3813.39%Strong Buy85.44%23.10%22.33%13.88%
INMD
INMODE LTD
$1.01B$14.71$17.5619.39%Buy4-0.22%-15.20%N/AN/A
ITGR
INTEGER HOLDINGS CORP
$4.19B$119.96$146.5022.12%Strong Buy66.81%75.01%16.65%8.11%
AORT
ARTIVION INC
$1.34B$31.46$32.503.31%Strong Buy410.33%N/A12.34%4.59%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$231.55M$9.96$16.0060.64%Hold25.73%-17.16%8.11%5.95%
BRKR
BRUKER CORP
$6.64B$43.79$47.718.96%Buy73.70%131.61%25.99%8.03%
CERS
CERUS CORP
$277.18M$1.45$4.00175.86%Strong Buy11.89%N/A-31.00%-8.32%
INGN
INOGEN INC
$186.06M$6.92$11.0058.96%Buy34.98%N/A-16.57%-10.64%
RPID
RAPID MICRO BIOSYSTEMS INC
$147.27M$3.36$8.00138.10%Strong Buy111.65%N/A-57.56%-44.12%
MDAI
SPECTRAL AI INC
$73.64M$2.86$3.5022.38%Buy122.08%N/A-31.67%2.49%
MASS
908 DEVICES INC
$248.88M$6.94$6.00-13.54%Strong Buy1-11.53%N/A-6.22%-5.06%
RSLS
RESHAPE LIFESCIENCES INC
$1.76M$2.38N/AN/AN/AN/AN/AN/AN/AN/A
PTHL
PHETON HOLDINGS LTD
$299.39M$21.01N/AN/AN/AN/AN/AN/AN/AN/A
GKOS
GLAUKOS CORP
$5.93B$103.81$122.2517.76%Buy823.97%N/A8.50%6.72%
UFPT
UFP TECHNOLOGIES INC
$1.87B$242.52N/AN/AN/AN/A8.02%14.89%25.75%14.45%
ATEC
ALPHATEC HOLDINGS INC
$1.61B$10.99$18.0063.79%Strong Buy516.42%N/A-239.83%26.24%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$978.40M$12.59$17.2537.01%Hold43.77%N/A14.05%5.28%
BFLY
BUTTERFLY NETWORK INC
$447.59M$1.81$3.5093.37%Strong Buy218.13%N/AN/AN/A
IRTC
IRHYTHM TECHNOLOGIES INC
$4.34B$135.94$145.757.22%Strong Buy814.35%N/A-5.89%-0.55%
CBLL
CERIBELL INC
$582.99M$16.13$32.50101.49%Strong Buy2N/AN/A-22.38%-18.96%
CV
CAPSOVISION INC
N/A$4.57N/AN/AN/AN/AN/AN/AN/AN/A
SRDX
SURMODICS INC
$441.42M$30.87$43.0039.29%Strong Buy10.02%N/A3.63%2.45%
ECOR
ELECTROCORE INC
$51.05M$6.88$25.50270.64%Strong Buy231.36%N/A402.91%109.64%
MXCT
MAXCYTE INC
$236.03M$2.22$9.00305.41%Strong Buy19.35%N/A-19.73%-17.11%
ANIK
ANIKA THERAPEUTICS INC
$161.63M$11.27$19.0068.59%Buy16.16%N/A-1.93%-1.50%
NVCR
NOVOCURE LTD
$1.96B$17.60$31.4078.41%Buy58.85%N/A-28.13%-8.15%
TMCI
TREACE MEDICAL CONCEPTS INC
$377.43M$6.00$8.3038.33%Hold28.34%N/A-43.89%-22.46%
BSGM
BIOSIG TECHNOLOGIES INC
$284.14M$10.41$10.00-3.94%Buy1369.86%N/AN/AN/A
LUNG
PULMONX CORP
$116.75M$2.90$11.29289.24%Strong Buy415.03%N/A-63.24%-32.58%
ALUR
ALLURION TECHNOLOGIES INC
$21.18M$2.84$9.25225.70%Buy215.69%N/AN/A-28.34%
SSII
SS INNOVATIONS INTERNATIONAL INC
$966.08M$4.99N/AN/AN/AN/AN/AN/AN/AN/A
NVNO
ENVVENO MEDICAL CORP
$73.30M$4.18N/AN/AN/AN/AN/AN/A-33.88%-31.98%
CTKB
CYTEK BIOSCIENCES INC
$436.97M$3.45$6.0073.91%Buy47.46%N/A-3.67%-2.89%
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$29.10M$1.20$2.0066.67%Strong Buy1N/AN/A-72.95%-39.07%
TNON
TENON MEDICAL INC
$7.74M$1.02$3.00194.12%Strong Buy1N/AN/AN/AN/A
OM
OUTSET MEDICAL INC
$343.64M$19.39$21.008.30%Hold18.24%N/AN/AN/A
KIDS
ORTHOPEDIATRICS CORP
$542.19M$21.89$35.8363.70%Strong Buy615.13%N/A-7.78%-5.74%
RCEL
AVITA MEDICAL INC
$150.68M$5.70$19.00233.33%Strong Buy139.74%N/AN/A-7.79%
SGHT
SIGHT SCIENCES INC
$176.30M$3.41$3.8512.90%Buy67.29%N/A-53.28%-31.90%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$441.12M$1.47$1.8425.31%Buy613.16%N/A-122.24%-13.01%
ICCM
ICECURE MEDICAL LTD
$60.96M$1.04$2.50140.38%Buy1133.70%N/A127.00%68.62%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.30B$44.89$49.009.16%Buy323.17%N/A-30.76%-3.56%
MYO
MYOMO INC
$74.84M$2.08$9.67364.76%Buy3N/AN/AN/AN/A
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$120.76M$3.38N/AN/AN/AN/AN/AN/AN/AN/A
SRTS
SENSUS HEALTHCARE INC
$68.41M$4.16$11.67180.46%Strong Buy311.88%33.21%8.06%7.10%
CLPT
CLEARPOINT NEURO INC
$319.08M$11.40$27.67142.69%Strong Buy331.13%N/A-92.42%-61.43%
TIVC
TIVIC HEALTH SYSTEMS INC
$3.57M$4.06N/AN/AN/AN/AN/AN/AN/AN/A
CVRX
CVRX INC
$178.08M$6.83$14.60113.76%Buy58.94%N/A-62.21%-33.30%
TNDM
TANDEM DIABETES CARE INC
$1.04B$15.59$31.33100.98%Buy127.84%N/A24.66%4.15%
OFIX
ORTHOFIX MEDICAL INC
$432.95M$11.05$20.6787.03%Strong Buy33.69%N/A-14.02%-7.81%
PRCT
PROCEPT BIOROBOTICS CORP
$3.13B$56.65$83.0046.51%Strong Buy328.51%N/A-3.27%-2.45%
QIPT
QUIPT HOME MEDICAL CORP
$81.24M$1.87$2.8552.41%Buy22.44%N/A65.44%27.70%
VERO
VENUS CONCEPT INC
$3.73M$2.62N/AN/AN/AN/AN/AN/A-2,076.31%-58.76%
VVOS
VIVOS THERAPEUTICS INC
$40.17M$6.82$6.20-9.09%Buy113.48%N/A-155.02%-60.56%
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$85.02k$8.05N/AN/AN/AN/A351.58%N/AN/AN/A
RXST
RXSIGHT INC
$325.10M$8.00$15.0087.50%Hold88.52%N/A-16.15%-14.41%
MGRM
MONOGRAM TECHNOLOGIES INC
$117.41M$3.29$5.4064.13%Strong Buy1N/AN/A6.11%4.65%
QTRX
QUANTERIX CORP
$228.71M$5.89$12.67115.06%Buy3-9.05%N/A-10.80%-8.62%
TLSI
TRISALUS LIFE SCIENCES INC
$185.03M$4.89$11.00124.95%Strong Buy244.04%N/AN/AN/A
NAOV
NANOVIBRONIX INC
$2.48M$0.96N/AN/AN/AN/AN/AN/AN/AN/A
NNOX
NANO-X IMAGING LTD
$322.64M$5.06$9.5087.75%Strong Buy2N/AN/A-12.24%-11.02%
SMLR
SEMLER SCIENTIFIC INC
$507.73M$45.53$89.0095.48%Strong Buy3N/AN/AN/AN/A
CATX
PERSPECTIVE THERAPEUTICS INC
$295.43M$3.98$12.43212.29%Strong Buy7N/AN/AN/AN/A
BBNX
BETA BIONICS INC
$549.32M$12.67$25.2098.90%Strong Buy10N/AN/A-22.29%-20.69%
HYPR
HYPERFINE INC
$59.86M$0.77$1.0637.84%Strong Buy318.54%N/A-65.00%-52.50%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jul 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. Avanos Medical (NYSE:AVNS)


Avanos Medical (NYSE:AVNS) is the #1 top medical device stock out of 140 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: A, 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 -43.67% over the past year, underperforming other medical device stocks by -19 percentage points.

2. Steris (NYSE:STE)


Steris (NYSE:STE) is the #2 top medical device stock out of 140 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 Steris (NYSE:STE) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: B.

Steris (NYSE:STE) has a Due Diligence Score of 34, which is 7 points higher than the medical device industry average of 27.

STE passed 14 out of 38 due diligence checks and has average fundamentals. Steris has seen its stock return 4.68% over the past year, overperforming other medical device stocks by 29 percentage points.

Steris has an average 1 year price target of $260.43, an upside of 14.21% from Steris's current stock price of $228.03.

Steris stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Steris, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) is the #3 top medical device stock out of 140 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: C, Sentiment: C, Safety: A, Financials: B, and AI: C.

Smith & Nephew (NYSE:SNN) has a Due Diligence Score of 45, which is 18 points higher than the medical device industry average of 27.

SNN passed 16 out of 38 due diligence checks and has strong fundamentals. Smith & Nephew has seen its stock return 7% over the past year, overperforming other medical device stocks by 32 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -9.18% from Smith & Nephew's current stock price of $30.28.

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.

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. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.48%, which is 1 percentage points higher than the medical device industry average of 1.11%. 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 1.56%, which is the same as the medical device industry average of 1.11%. 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 77.1% 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 1.28%, which is the same as the medical device industry average of 1.11%. 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 -2.46% in the last day, and down -0.19% 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 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -12.54% in the past year. It has overperformed other stocks in the medical device industry by 12 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 29 points higher than the medical device industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -24.36% in the past year. It has performed in line with other stocks in the medical device industry.

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 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Adapthealth's stock has dropped -11.94% in the past year. It has overperformed other stocks in the medical device industry by 13 percentage points.

Are medical device stocks a good buy now?

56.19% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 31.36% over the next year.

6.73% of medical device stocks have a Zen Rating of A (Strong Buy), 12.5% of medical device stocks are rated B (Buy), 51.92% are rated C (Hold), 25.96% are rated D (Sell), and 2.88% 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 35.68x.
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.