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 61st ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Zen Rating
Growth
Market Cap
Revenue
EBITDA
Earnings
EPS
Rev. Y/Y
Rev. 5Y
Earn. Y/Y
Earn. 5Y
Earnings Date
BVS
BIOVENTUS INC
$619.49M$573.28M$49.51M-$33.54M-$0.5211.89%11.00%N/AN/A2025-05-05
ELMD
ELECTROMED INC
$192.96M$59.63M$10.09M$6.76M$0.7815.35%12.66%65.96%12.65%2025-05-05
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$335.38M$292.98M$32.37M$16.96M$0.716.76%9.11%-42.74%4.13%2025-05-05
AXGN
AXOGEN INC
$732.12M$187.34M$6.08M-$9.96M-$0.2317.81%11.91%N/AN/A2025-04-30
AVNS
AVANOS MEDICAL INC
$584.70M$687.80M-$351.40M-$392.10M-$8.532.15%-0.28%N/AN/A2025-04-30
SNN
SMITH & NEPHEW PLC
$11.81B$5.81B$1.29B$412.00M$0.944.70%2.49%56.29%-7.21%2025-05-01
PEN
PENUMBRA INC
$11.50B$1.24B$71.30M$42.23M$1.1013.17%17.39%-54.55%-0.36%2025-05-05
LIVN
LIVANOVA PLC
$2.05B$1.25B$202.51M$63.23M$1.178.66%2.94%254.55%N/A
ZIMV
ZIMVIE INC
$262.10M$449.75M$37.61M-$25.83M-$0.94-1.68%-15.69%N/AN/A2025-05-15
VREX
VAREX IMAGING CORP
$346.49M$820.80M$68.00M-$47.50M-$1.18-6.49%0.64%N/AN/A2025-04-30
AHCO
ADAPTHEALTH CORP
$1.13B$3.26B$667.61M$90.42M$0.621.90%43.84%N/AN/A2025-05-05
IRMD
IRADIMED CORP
$682.80M$73.24M$25.09M$19.23M$1.5211.71%13.72%11.76%12.33%2025-04-30
MASI
MASIMO CORP
$8.80B$2.09B-$202.30M-$304.90M-$5.722.26%17.43%N/AN/A
BWAY
BRAINSWAY LTD
$167.25M$41.02M$6.75M$2.92M$0.1829.04%12.17%N/AN/A2025-05-06
BSX
BOSTON SCIENTIFIC CORP
$151.62B$16.75B$3.86B$1.85B$1.2617.61%9.30%16.67%-17.91%
VMD
VIEMED HEALTHCARE INC
$274.68M$224.26M$42.17M$11.27M$0.2922.54%22.82%7.41%4.75%2025-06-06
SYK
STRYKER CORP
$141.54B$22.60B$3.92B$2.99B$7.8610.23%8.71%-5.76%7.13%2025-05-01
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$1.34B$1.61B$194.12M-$6.94M-$0.094.47%1.20%N/AN/A2025-05-05
STE
STERIS PLC
$22.01B$5.10B$1.24B$467.59M$4.748.81%11.35%-16.99%0.43%2025-05-14
CNMD
CONMED CORP
$1.58B$1.31B$216.93M$132.42M$4.295.00%6.47%104.29%33.54%
MDT
MEDTRONIC PLC
$108.50B$33.20B$8.63B$4.26B$3.312.72%1.34%5.08%-3.52%2025-05-21
ARAY
ACCURAY INC
$166.59M$453.14M$21.41M-$4.37M-$0.041.26%2.07%N/AN/A
SMLR
SEMLER SCIENTIFIC INC
$325.99M$56.29M$48.46M$40.90M$5.66-17.44%11.43%84.97%19.32%2025-05-05
SIBN
SI-BONE INC
$606.23M$167.18M-$23.09M-$30.91M-$0.7520.37%19.96%N/AN/A2025-05-05
GMED
GLOBUS MEDICAL INC
$9.95B$2.52B$378.94M$102.98M$0.7660.62%26.25%-30.28%-13.51%2025-05-05
INGN
INOGEN INC
$193.14M$335.71M-$15.47M-$35.89M-$1.526.35%-1.49%N/AN/A2025-05-05
MYO
MYOMO INC
$159.18M$32.55M-$5.04M-$6.18M-$0.1669.17%53.36%N/AN/A2025-05-06
SNWV
SANUWAVE HEALTH INC
$220.29M$32.63M-$16.56M-$31.37M-$7.0359.99%99.65%N/AN/A2025-05-08
CERS
CERUS CORP
$252.67M$201.32M-$7.50M-$20.92M-$0.117.78%16.51%N/AN/A2025-04-30
ZBH
ZIMMER BIOMET HOLDINGS INC
$20.46B$7.68B$2.25B$903.80M$4.453.85%-0.77%-9.37%-4.22%2025-04-30
INSP
INSPIRE MEDICAL SYSTEMS INC
$4.75B$802.80M$65.03M$53.51M$1.8028.49%57.80%N/AN/A2025-05-05
PHG
KONINKLIJKE PHILIPS NV
$23.15B$18.97B$2.15B-$738.95M-$0.79-7.01%-0.52%N/AN/A
ATEC
ALPHATEC HOLDINGS INC
$1.62B$611.56M-$53.87M-$162.12M-$1.1326.81%40.07%N/AN/A2025-05-05
ALGN
ALIGN TECHNOLOGY INC
$13.08B$4.00B$792.43M$421.36M$5.633.54%10.69%-3.26%0.21%
NPCE
NEUROPACE INC
$390.07M$79.91M-$16.57M-$27.14M-$0.9322.14%16.67%N/AN/A2025-06-06
PODD
INSULET CORP
$17.65B$2.07B$423.70M$418.30M$5.9722.07%22.92%101.69%99.27%2025-05-07
DXCM
DEXCOM INC
$27.86B$4.03B$945.70M$576.20M$1.4611.34%22.27%4.29%39.34%
ITGR
INTEGER HOLDINGS CORP
$4.43B$1.75B$290.43M$76.90M$2.299.03%6.65%-22.11%-6.65%
ABT
ABBOTT LABORATORIES
$226.33B$41.95B$10.79B$13.40B$7.674.59%5.63%133.84%29.95%
IRTC
IRHYTHM TECHNOLOGIES INC
$3.35B$591.84M-$74.13M-$113.29M-$3.6320.13%22.50%N/AN/A2025-04-30
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$18.95M$8.75M-$6.82M-$7.19M-$0.26210.76%N/AN/AN/A2025-05-12
DCTH
DELCATH SYSTEMS INC
$407.52M$37.21M-$26.28M-$26.39M-$0.931,701.69%88.10%N/AN/A2025-05-12
BIO
BIO-RAD LABORATORIES INC
$6.79B$2.57B-$2.29B-$1.84B-$65.36-3.92%2.11%N/AN/A2025-05-05
EW
EDWARDS LIFESCIENCES CORP
$44.85B$5.44B$4.53B$4.17B$6.988.57%4.58%202.16%32.96%
QDEL
QUIDELORTHO CORP
$1.93B$2.78B-$1.51B-$2.05B-$30.54-7.17%39.07%N/AN/A2025-05-14
BFLY
BUTTERFLY NETWORK INC
$583.02M$82.06M-$60.92M-$72.49M-$0.3424.52%24.36%N/AN/A
BRKR
BRUKER CORP
$6.04B$3.37B$388.30M$113.10M$0.7613.56%10.19%-73.97%-9.76%2025-04-30
TNDM
TANDEM DIABETES CARE INC
$1.11B$940.20M-$67.85M-$96.03M-$1.4725.74%21.01%N/AN/A2025-04-30
QIPT
QUIPT HOME MEDICAL CORP
$93.51M$241.93M$50.37M-$7.26M-$0.173.64%N/AN/AN/A2025-05-13
TMCI
TREACE MEDICAL CONCEPTS INC
$441.46M$209.36M-$39.72M-$55.74M-$0.9011.89%39.65%N/AN/A2025-05-05
INMD
INMODE LTD
$991.52M$392.41M$140.61M$175.78M$2.35-15.84%18.74%8.29%20.11%2025-04-30
CTKB
CYTEK BIOSCIENCES INC
$480.37M$200.45M$10.03M-$6.02M-$0.053.85%28.20%N/AN/A2025-06-05
SRDX
SURMODICS INC
$442.18M$125.45M$3.07M-$14.41M-$1.02-9.23%4.54%N/AN/A
TMDX
TRANSMEDICS GROUP INC
$3.11B$441.54M$71.51M$35.46M$1.0782.74%79.64%N/AN/A
ANIK
ANIKA THERAPEUTICS INC
$208.25M$119.91M-$42.39M-$56.39M-$3.83-0.73%0.91%N/AN/A2025-05-06
OFIX
ORTHOFIX MEDICAL INC
$551.39M$799.49M-$34.18M-$126.00M-$3.307.08%11.69%N/AN/A2025-05-05
SSII
SS INNOVATIONS INTERNATIONAL INC
N/A$20.65M-$16.99M-$19.15M-$0.11251.46%N/AN/AN/A2025-05-13
GKOS
GLAUKOS CORP
$5.31B$383.48M-$95.64M-$146.37M-$2.7721.85%10.10%N/AN/A
NVCR
NOVOCURE LTD
$2.04B$621.71M-$155.10M-$164.19M-$1.5118.27%10.36%N/AN/A2025-06-05
LUNG
PULMONX CORP
$209.73M$83.79M-$49.05M-$56.39M-$1.4422.01%20.78%N/AN/A
OM
OUTSET MEDICAL INC
$41.11M$113.69M-$96.45M-$127.98M-$36.90-12.80%49.79%N/AN/A2025-05-06
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$330.62M$154.01M-$242.77M-$309.85M-$1.13-23.19%11.12%N/AN/A2025-05-07
PROF
PROFOUND MEDICAL CORP
$120.60M$7.52M-$18.93M-$19.59M-$0.7937.02%18.41%N/AN/A2025-05-07
UFPT
UFP TECHNOLOGIES INC
$1.63B$504.42M$95.80M$58.98M$7.6926.08%20.52%30.56%23.65%
BMRA
BIOMERICA INC
$9.19M$5.68M-$4.45M-$4.85M-$2.325.05%2.04%N/AN/A
VVOS
VIVOS THERAPEUTICS INC
$15.55M$15.03M-$10.56M-$11.14M-$2.228.91%5.70%N/AN/A2025-05-12
SENS
SENSEONICS HOLDINGS INC
$488.89M$22.47M-$68.70M-$78.62M-$0.120.37%1.08%N/AN/A2025-05-22
CBLL
CERIBELL INC
$586.81M$65.44M-$37.26M-$40.46M-$3.3944.71%N/AN/AN/A
AORT
ARTIVION INC
$1.01B$388.54M$55.88M-$13.36M-$0.329.75%7.06%N/AN/A2025-05-05
CLPT
CLEARPOINT NEURO INC
$405.37M$31.39M-$17.01M-$18.91M-$0.7031.04%22.85%N/AN/A2025-05-05
SGHT
SIGHT SCIENCES INC
$161.70M$79.87M-$45.25M-$51.51M-$1.03-1.47%27.89%N/AN/A2025-04-30
ICCM
ICECURE MEDICAL LTD
$71.84M$3.29M-$15.36M-$15.32M-$0.301.92%15.13%N/AN/A
MASS
908 DEVICES INC
$193.26M$59.63M-$67.81M-$72.21M-$2.1218.72%27.11%N/AN/A
QTRX
QUANTERIX CORP
$234.60M$137.42M-$29.74M-$38.53M-$1.0012.30%19.36%N/AN/A2025-05-05
LUCD
LUCID DIAGNOSTICS INC
$114.35M$4.35M-$44.34M-$53.03M-$1.0579.00%N/AN/AN/A2025-05-12
RPID
RAPID MICRO BIOSYSTEMS INC
$101.61M$28.05M-$45.50M-$46.89M-$1.0824.57%11.18%N/AN/A
ECOR
ELECTROCORE INC
$51.21M$25.18M-$10.72M-$11.89M-$1.5957.09%60.15%N/AN/A2025-05-06
RXST
RXSIGHT INC
$617.08M$139.93M-$23.76M-$27.46M-$0.7157.09%128.61%N/AN/A2025-06-06
NXL
NEXALIN TECHNOLOGY INC
$24.21M$168.72k-$7.59M-$7.61M-$0.8352.35%N/AN/AN/A
TNON
TENON MEDICAL INC
$6.42M$3.28M-$12.98M-$13.67M-$11.2611.92%N/AN/AN/A2025-05-12
SRTS
SENSUS HEALTHCARE INC
$73.40M$41.81M$9.45M$6.65M$0.4171.31%8.93%1,266.67%N/A2025-05-07
RCEL
AVITA MEDICAL INC
$263.58M$64.25M-$54.46M-$61.85M-$2.3924.59%30.91%N/AN/A2025-05-12
TIVC
TIVIC HEALTH SYSTEMS INC
$2.86M$780.00k-$5.30M-$5.66M-$19.68-33.67%13.18%N/AN/A
TLSI
TRISALUS LIFE SCIENCES INC
$184.60M$29.43M-$25.94M-$30.05M-$1.3158.99%N/AN/AN/A
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$153.39M$31.46M$13.91M$10.55M$0.36-100.00%N/AN/AN/A
PRCT
PROCEPT BIOROBOTICS CORP
$3.09B$224.50M-$82.38M-$91.41M-$1.7564.84%105.21%N/AN/A
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$872.87M$166.03M-$56.22M-$84.60M-$3.000.53%13.14%N/AN/A2025-05-23
VERO
VENUS CONCEPT INC
$1.73M$64.83M-$36.83M-$47.00M-$71.21-15.09%-10.10%N/AN/A2025-05-13
CATX
PERSPECTIVE THERAPEUTICS INC
$178.46M$1.45M-$79.02M-$79.28M-$1.231.39%-29.53%N/AN/A
BJDX
BLUEJAY DIAGNOSTICS INC
$1.07M$0.00-$6.70M-$20.94M-$114.19N/AN/AN/AN/A
MXCT
MAXCYTE INC
$308.54M$38.63M-$36.27M-$41.06M-$0.39-6.44%12.31%N/AN/A2025-06-11
CVRX
CVRX INC
$192.41M$51.29M-$54.89M-$59.97M-$2.6530.53%52.31%N/AN/A
NVNO
ENVVENO MEDICAL CORP
$52.08M$0.00-$21.29M-$21.82M-$1.27N/A-100.00%N/AN/A2025-05-06
KIDS
ORTHOPEDIATRICS CORP
$523.38M$204.73M-$20.23M-$37.82M-$1.6437.65%23.06%N/AN/A2025-05-23
NNOX
NANO-X IMAGING LTD
$318.17M$11.28M-$42.14M-$53.52M-$0.9113.91%N/AN/AN/A2025-05-26
HYPR
HYPERFINE INC
$56.90M$12.89M-$39.71M-$40.72M-$0.5616.84%N/AN/AN/A2025-06-11
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$14.79M$0.00-$10.84M-$11.05M-$0.60N/AN/AN/AN/A
BBNX
BETA BIONICS INC
$476.40M$65.12M-$52.47M-$54.76M-$8.60442.93%N/AN/AN/A
TELA
TELA BIO INC
$37.18M$69.30M-$31.68M-$37.84M-$1.3318.56%35.02%N/AN/A2025-05-07
MDAI
SPECTRAL AI INC
$32.91M$29.58M-$14.46M-$15.32M-$0.8563.83%N/AN/AN/A

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Apr 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. Bioventus (NASDAQ:BVS)


Bioventus (NASDAQ:BVS) is the #1 top medical device stock out of 143 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: B, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 15, which is -12 points lower than the medical device industry average of 27. Although this number is below the industry average, our proven quant model rates BVS as a "A".

BVS passed 5 out of 33 due diligence checks and has weak fundamentals. Bioventus has seen its stock return 85.75% over the past year, overperforming other medical device stocks by 100 percentage points.

Bioventus has an average 1 year price target of $14.33, an upside of 89.59% from Bioventus's current stock price of $7.56.

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, 0% have issued a Buy, 33.33% 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 143 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: B, Momentum: C, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 46, which is 19 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 37.5% over the past year, overperforming other medical device stocks by 52 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 68.51% from Electromed's current stock price of $22.55.

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.

3. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the #3 top medical device stock out of 143 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: B, Momentum: C, Sentiment: B, Safety: B, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 40, which is 13 points higher than the medical device industry average of 27.

TCMD passed 12 out of 33 due diligence checks and has average fundamentals. Tactile Systems Technology has seen its stock return 0.64% over the past year, overperforming other medical device stocks by 15 percentage points.

Tactile Systems Technology has an average 1 year price target of $18.00, an upside of 26.58% from Tactile Systems Technology's current stock price of $14.22.

Tactile Systems Technology stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Tactile Systems Technology, 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 2.79%, which is 2 percentage points higher than the medical device industry average of 1.25%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% ten 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 2.48%, which is 1 percentage points higher than the medical device industry average of 1.25%. 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. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) has an annual dividend yield of 1.17%, which is the same as the medical device industry average of 1.25%. 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 18.6% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 0.16% in the last day, and up 4.41% over the last week. Autonomix Medical was the among the top gainers in the medical devices industry, gaining 8.12% yesterday.

Autonomix Medical shares are trading higher after Maxim Group initiated coverage on the stock with a Buy rating and announced a price target of $5.

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 -16.31% in the past year. It has underperformed other stocks in the medical device industry by -2 percentage points.

2. Livanova (NASDAQ:LIVN)


Livanova (NASDAQ:LIVN) 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.

Livanova 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.

Livanova's stock has dropped -32.95% in the past year. It has underperformed other stocks in the medical device industry by -19 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 -23.88% 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% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 38.38% over the next year.

10.28% of medical device stocks have a Zen Rating of A (Strong Buy), 15.89% of medical device stocks are rated B (Buy), 50.47% are rated C (Hold), 16.82% are rated D (Sell), and 6.54% 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 37.36x.
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.