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 69th 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
$747.33M$573.28M$49.51M-$33.54M-$0.5211.89%11.00%N/AN/A2025-05-05
ELMD
ELECTROMED INC
$203.82M$59.63M$10.09M$6.76M$0.7815.35%12.66%65.96%12.65%2025-05-05
AXGN
AXOGEN INC
$833.66M$187.34M$6.08M-$9.96M-$0.2317.81%11.91%N/AN/A2025-04-30
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$315.57M$292.98M$32.37M$16.96M$0.716.76%9.11%-42.74%4.13%2025-05-05
AVNS
AVANOS MEDICAL INC
$651.40M$687.80M-$351.40M-$392.10M-$8.532.15%-0.28%N/AN/A2025-04-30
LIVN
LIVANOVA PLC
$2.17B$1.25B$202.51M$63.23M$1.178.66%2.94%254.55%N/A2025-04-29
AHCO
ADAPTHEALTH CORP
$1.41B$3.26B$667.61M$90.42M$0.621.90%43.84%N/AN/A2025-05-05
VREX
VAREX IMAGING CORP
$497.70M$820.80M$68.00M-$47.50M-$1.18-6.49%0.64%N/AN/A2025-04-30
PEN
PENUMBRA INC
$10.60B$1.19B$44.57M$14.01M$0.3612.86%16.89%-84.81%-23.68%2025-05-05
BWAY
BRAINSWAY LTD
$157.73M$41.02M$6.70M$2.92M$0.1629.04%12.17%N/AN/A2025-05-06
MASI
MASIMO CORP
$8.98B$2.09B-$202.30M-$304.90M-$5.722.26%17.43%N/AN/A
IRMD
IRADIMED CORP
$671.10M$73.24M$25.09M$19.23M$1.5211.71%13.72%11.76%12.33%2025-04-30
SNN
SMITH & NEPHEW PLC
$12.47B$5.81B$1.29B$412.00M$0.944.70%2.49%56.29%-7.21%2025-05-01
CNMD
CONMED CORP
$1.87B$1.31B$216.93M$132.42M$4.295.00%6.47%104.29%33.54%2025-04-22
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$1.68B$1.61B$194.12M-$6.94M-$0.094.47%1.20%N/AN/A2025-05-05
ARAY
ACCURAY INC
$192.29M$453.14M$21.41M-$4.37M-$0.041.26%2.07%N/AN/A2025-04-29
BSX
BOSTON SCIENTIFIC CORP
$151.03B$16.75B$3.86B$1.85B$1.2617.61%9.30%16.67%-17.91%2025-04-22
ZIMV
ZIMVIE INC
$309.99M$449.75M$37.61M-$25.83M-$0.94-1.68%-15.69%N/AN/A2025-05-15
SMLR
SEMLER SCIENTIFIC INC
$379.73M$56.29M$48.46M$40.90M$5.66-17.44%11.43%84.97%19.32%2025-05-05
VMD
VIEMED HEALTHCARE INC
$284.56M$224.26M$42.17M$11.27M$0.2922.54%22.82%7.41%4.75%
INSP
INSPIRE MEDICAL SYSTEMS INC
$4.84B$802.80M$65.03M$53.51M$1.8028.49%57.80%N/AN/A2025-05-05
SIBN
SI-BONE INC
$595.83M$167.18M-$23.09M-$30.91M-$0.7520.37%19.96%N/AN/A2025-05-05
ITGR
INTEGER HOLDINGS CORP
$3.97B$1.72B$322.94M$119.90M$3.5710.35%6.41%31.25%3.89%2025-04-23
ABT
ABBOTT LABORATORIES
$219.58B$41.95B$10.79B$13.40B$7.674.59%5.63%133.84%29.95%2025-04-15
STE
STERIS PLC
$21.92B$5.10B$1.24B$467.59M$4.748.81%11.35%-16.99%0.43%2025-05-06
MDT
MEDTRONIC PLC
$113.16B$33.20B$8.63B$4.26B$3.312.72%1.34%5.08%-3.52%2025-05-22
INGN
INOGEN INC
$190.22M$335.71M-$15.47M-$35.89M-$1.526.35%-1.49%N/AN/A2025-05-05
GMED
GLOBUS MEDICAL INC
$10.23B$2.52B$378.94M$102.98M$0.7660.62%26.25%-30.28%-13.51%2025-05-05
MYO
MYOMO INC
$174.66M$32.55M-$5.04M-$6.18M-$0.1669.17%53.36%N/AN/A2025-05-06
DCTH
DELCATH SYSTEMS INC
$445.26M$37.21M-$26.28M-$26.39M-$0.931,701.69%88.10%N/AN/A2025-05-12
SNWV
SANUWAVE HEALTH INC
$320.74M$32.63M-$16.56M-$31.37M-$7.0359.99%99.65%N/AN/A2025-05-08
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$27.16M$8.75M-$6.82M-$7.19M-$0.26210.76%N/AN/AN/A2025-05-12
SYK
STRYKER CORP
$140.33B$22.60B$3.92B$2.99B$7.8610.23%8.71%-5.76%7.13%2025-04-28
ALGN
ALIGN TECHNOLOGY INC
$12.25B$4.00B$792.43M$421.36M$5.633.54%10.69%-3.26%0.21%2025-04-22
QDEL
QUIDELORTHO CORP
$2.36B$2.78B-$1.51B-$2.05B-$30.54-7.17%39.07%N/AN/A2025-05-14
ZBH
ZIMMER BIOMET HOLDINGS INC
$22.02B$7.68B$2.25B$903.80M$4.453.85%-0.77%-9.37%-4.22%2025-04-30
NPCE
NEUROPACE INC
$414.16M$79.91M-$16.57M-$27.14M-$0.9322.14%16.67%N/AN/A
PHG
KONINKLIJKE PHILIPS NV
$23.25B$18.97B$2.15B-$738.95M-$0.79-7.01%-0.52%N/AN/A2025-04-28
ATEC
ALPHATEC HOLDINGS INC
$1.48B$611.56M-$53.87M-$162.12M-$1.1326.81%40.07%N/AN/A2025-05-05
BRKR
BRUKER CORP
$6.60B$3.37B$388.30M$113.10M$0.7613.56%10.19%-73.97%-9.76%2025-04-30
BFLY
BUTTERFLY NETWORK INC
$631.60M$82.06M-$60.92M-$72.49M-$0.3424.52%24.36%N/AN/A2025-04-29
SRDX
SURMODICS INC
$435.74M$125.45M$3.07M-$14.41M-$1.02-9.23%4.54%N/AN/A2025-04-29
IRTC
IRHYTHM TECHNOLOGIES INC
$3.30B$591.84M-$74.13M-$113.29M-$3.6320.13%22.50%N/AN/A2025-04-30
CERS
CERUS CORP
$265.68M$201.32M-$7.50M-$20.92M-$0.117.78%16.51%N/AN/A2025-04-30
QIPT
QUIPT HOME MEDICAL CORP
$98.25M$241.93M$50.37M-$7.26M-$0.173.64%N/AN/AN/A2025-05-13
ICAD
ICAD INC
$58.39M$18.94M-$1.94M-$2.71M-$0.1110.03%-8.11%N/AN/A2025-05-13
CTKB
CYTEK BIOSCIENCES INC
$522.64M$200.45M$10.03M-$6.02M-$0.053.85%28.20%N/AN/A
GKOS
GLAUKOS CORP
$5.83B$383.48M-$95.64M-$146.37M-$2.7721.85%10.10%N/AN/A2025-04-29
ANIK
ANIKA THERAPEUTICS INC
$214.91M$119.91M-$42.39M-$56.39M-$3.83-0.73%0.91%N/AN/A2025-05-06
TNDM
TANDEM DIABETES CARE INC
$1.31B$940.20M-$67.85M-$96.03M-$1.4725.74%21.01%N/AN/A2025-04-30
DXCM
DEXCOM INC
$28.19B$4.03B$945.70M$576.20M$1.4611.34%22.27%4.29%39.34%2025-04-23
INMD
INMODE LTD
$1.27B$394.82M$144.20M$181.28M$2.29-19.76%20.35%-3.38%17.10%2025-04-30
OFIX
ORTHOFIX MEDICAL INC
$635.48M$799.49M-$34.18M-$126.00M-$3.307.08%11.69%N/AN/A2025-05-05
BIO
BIO-RAD LABORATORIES INC
$6.87B$2.57B-$2.29B-$1.84B-$65.36-3.92%2.11%N/AN/A2025-05-05
PODD
INSULET CORP
$18.60B$2.07B$423.70M$418.30M$5.9722.07%22.92%101.69%99.27%2025-05-07
TMCI
TREACE MEDICAL CONCEPTS INC
$537.27M$209.36M-$39.72M-$55.74M-$0.9011.89%39.65%N/AN/A2025-05-05
SENS
SENSEONICS HOLDINGS INC
$469.33M$22.47M-$68.70M-$78.62M-$0.120.37%1.08%N/AN/A2025-05-22
NUWE
NUWELLIS INC
$4.24M$8.74M-$5.24M-$10.62M-$8.41-1.40%9.66%N/AN/A2025-05-05
RXST
RXSIGHT INC
$986.75M$139.93M-$23.76M-$27.46M-$0.7157.09%128.61%N/AN/A
PROF
PROFOUND MEDICAL CORP
$160.30M$7.52M-$18.93M-$19.59M-$0.7937.02%18.41%N/AN/A2025-05-07
BMRA
BIOMERICA INC
$11.70M$5.58M-$5.21M-$5.61M-$0.341.40%1.34%N/AN/A2025-04-10
VVOS
VIVOS THERAPEUTICS INC
$15.47M$14.58M-$11.98M-$12.57M-$5.680.54%N/AN/AN/A2025-05-12
WOK
WORK MEDICAL TECHNOLOGY GROUP LTD
$8.61M$11.51M-$1.65M-$3.49M-$0.27-15.18%N/AN/AN/A
UFPT
UFP TECHNOLOGIES INC
$1.56B$504.42M$95.80M$58.98M$7.6926.08%20.52%30.56%23.65%2025-04-29
TMDX
TRANSMEDICS GROUP INC
$2.37B$441.54M$71.51M$35.46M$1.0782.74%79.64%N/AN/A2025-04-28
OM
OUTSET MEDICAL INC
$40.42M$113.69M-$96.45M-$127.98M-$36.90-12.80%49.79%N/AN/A2025-05-06
LUNG
PULMONX CORP
$268.23M$83.79M-$49.05M-$56.39M-$1.4422.01%20.78%N/AN/A2025-04-29
BSGM
BIOSIG TECHNOLOGIES INC
$10.13M$39.00k-$14.68M-$15.45M-$1.43-72.34%N/AN/AN/A2025-05-19
AORT
ARTIVION INC
$1.04B$388.54M$55.88M-$13.36M-$0.329.75%7.06%N/AN/A2025-05-05
CBLL
CERIBELL INC
$701.94M$65.44M-$37.26M-$40.46M-$3.3944.71%N/AN/AN/A
CLPT
CLEARPOINT NEURO INC
$344.30M$31.39M-$17.01M-$18.91M-$0.7031.04%22.85%N/AN/A2025-05-05
EW
EDWARDS LIFESCIENCES CORP
$41.79B$5.44B$4.53B$4.17B$6.988.57%4.58%202.16%32.96%2025-04-23
TLSI
TRISALUS LIFE SCIENCES INC
$170.15M$26.89M-$52.44M-$55.46M-$1.9867.91%N/AN/AN/A
LUCD
LUCID DIAGNOSTICS INC
$140.67M$4.35M-$44.34M-$53.03M-$1.0579.00%N/AN/AN/A2025-05-12
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$378.27M$154.01M-$242.77M-$309.85M-$1.13-23.19%11.12%N/AN/A2025-05-07
ECOR
ELECTROCORE INC
$51.50M$25.18M-$10.72M-$11.89M-$1.5957.09%60.15%N/AN/A2025-05-06
RCEL
AVITA MEDICAL INC
$237.22M$64.25M-$54.46M-$61.85M-$2.3924.59%30.91%N/AN/A2025-05-12
RPID
RAPID MICRO BIOSYSTEMS INC
$110.69M$28.05M-$45.50M-$46.89M-$1.0824.57%11.18%N/AN/A
ICCM
ICECURE MEDICAL LTD
$62.45M$3.67M-$14.25M-$13.83M-$0.2926.02%N/AN/AN/A
TNON
TENON MEDICAL INC
$7.59M$3.32M-$13.04M-$13.72M-$27.2238.30%N/AN/AN/A2025-05-12
TIVC
TIVIC HEALTH SYSTEMS INC
$1.86M$780.00k-$5.30M-$5.66M-$19.68-33.67%13.18%N/AN/A
SRTS
SENSUS HEALTHCARE INC
$76.54M$41.81M$9.45M$6.65M$0.4171.31%8.93%1,266.67%N/A2025-05-07
QTRX
QUANTERIX CORP
$258.25M$137.42M-$29.74M-$38.53M-$1.0012.30%19.36%N/AN/A2025-05-05
SGHT
SIGHT SCIENCES INC
$137.31M$79.87M-$45.25M-$51.51M-$1.03-1.47%27.89%N/AN/A2025-04-30
ADGM
ADAGIO MEDICAL HOLDINGS INC
$13.59M$712.00k-$44.47M-$49.10M-$68.5973.24%N/AN/AN/A
PRCT
PROCEPT BIOROBOTICS CORP
$3.42B$224.50M-$82.38M-$91.41M-$1.7564.84%105.21%N/AN/A2025-04-29
CVRX
CVRX INC
$328.05M$51.29M-$54.89M-$59.97M-$2.6530.53%52.31%N/AN/A2025-04-28
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.15B$166.03M-$56.22M-$84.60M-$3.000.53%13.14%N/AN/A2025-05-23
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$150.97M$31.46M$13.91M$10.55M$0.36-100.00%N/AN/AN/A
HYPR
HYPERFINE INC
$62.11M$12.89M-$39.71M-$40.72M-$0.5616.84%N/AN/AN/A
MDAI
SPECTRAL AI INC
$24.91M$27.26M-$10.36M-$11.12M-$0.6244.52%N/AN/AN/A
NXL
NEXALIN TECHNOLOGY INC
$27.80M$168.72k-$7.59M-$7.61M-$0.8352.35%N/AN/AN/A
AMIX
AUTONOMIX MEDICAL INC
$4.61M$0.00-$13.27M-$13.63M-$12.93N/AN/AN/AN/A
MASS
908 DEVICES INC
$143.09M$59.63M-$67.81M-$72.21M-$2.1218.72%27.11%N/AN/A2025-04-28
MXCT
MAXCYTE INC
$294.76M$38.63M-$36.27M-$41.06M-$0.39-6.44%12.31%N/AN/A
NNOX
NANO-X IMAGING LTD
$328.31M$10.68M-$39.80M-$49.70M-$0.8510.79%N/AN/AN/A2025-03-31
NAOV
NANOVIBRONIX INC
$1.33M$3.29M-$2.91M-$3.09M-$13.53227.79%45.95%N/AN/A2025-04-07
NVNO
ENVVENO MEDICAL CORP
$50.85M$0.00-$21.29M-$21.82M-$1.27N/A-100.00%N/AN/A2025-05-06
NVCR
NOVOCURE LTD
$2.03B$605.22M-$159.26M-$168.63M-$1.5618.82%11.49%N/AN/A
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$18.02M$0.00-$10.84M-$11.05M-$0.60N/AN/AN/AN/A

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Mar 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 144 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 22, which is -5 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 7 out of 33 due diligence checks and has weak fundamentals. Bioventus has seen its stock return 77.43% over the past year, overperforming other medical device stocks by 95 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 64.47% from Bioventus's current stock price of $9.12.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Bioventus, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% 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 144 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: B.

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 46.49% over the past year, overperforming other medical device stocks by 64 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 59.53% from Electromed's current stock price of $23.82.

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. Axogen (NASDAQ:AXGN)


Axogen (NASDAQ:AXGN) is the #3 top medical device stock out of 144 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 Axogen (NASDAQ:AXGN) is: Value: C, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: A.

Axogen (NASDAQ:AXGN) 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 AXGN as a "A".

AXGN passed 8 out of 33 due diligence checks and has weak fundamentals. Axogen has seen its stock return 149.01% over the past year, overperforming other medical device stocks by 167 percentage points.

Axogen has an average 1 year price target of $26.40, an upside of 40.43% from Axogen's current stock price of $18.80.

Axogen stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Axogen, 60% have issued a Strong Buy rating, 40% 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 5 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 2.64%, which is 2 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% ten times in the last 10 years. Smith & Nephew's dividend has not 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. Iradimed (NASDAQ:IRMD)


Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.17%, which is the same as the medical device industry average of 1.11%.

Iradimed's dividend payout ratio of 40.8% indicates that its dividend yield is sustainable for the long-term.

3. Steris (NYSE:STE)


Steris (NYSE:STE) has an annual dividend yield of 1%, which is the same as the medical device industry average of 1.11%. Steris's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Steris's dividend has shown consistent growth over the last 10 years.

Steris's dividend payout ratio of 46% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.53% in the last day, and down -1.41% over the last week. Tenon Medical was the among the top losers in the medical devices industry, dropping -35.47% yesterday.

Tenon Medical shares are trading lower after the company announced pricing of $2.5 million registered direct offering at $2.00.

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 -11.9% in the past year. It has overperformed other stocks in the medical device industry by 6 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 27 points higher than the medical device industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Livanova's stock has dropped -26.64% in the past year. It has underperformed other stocks in the medical device industry by -9 percentage points.

3. Adapthealth (NASDAQ:AHCO)


Adapthealth (NASDAQ:AHCO) is the third most undervalued medical device stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Adapthealth has a valuation score of 100, which is 84 points higher than the medical device industry average of 16. It passed 7 out of 7 valuation due diligence checks.

Adapthealth's stock has dropped -7.09% in the past year. It has overperformed other stocks in the medical device industry by 11 percentage points.

Are medical device stocks a good buy now?

61.62% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 37.73% over the next year.

6.48% of medical device stocks have a Zen Rating of A (Strong Buy), 19.44% of medical device stocks are rated B (Buy), 53.7% are rated C (Hold), 17.59% are rated D (Sell), and 2.78% 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 42.28x.
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.