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 78th 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
AVNS
AVANOS MEDICAL INC
$578.97M$689.20M-$344.60M-$384.60M-$8.361.34%-0.70%N/AN/A2025-07-29
SNN
SMITH & NEPHEW PLC
$13.43B$5.81B$1.29B$412.00M$0.944.70%2.49%56.29%-7.21%
ELMD
ELECTROMED INC
$182.82M$61.44M$10.46M$7.16M$0.8314.85%12.43%62.75%12.05%2025-09-02
PEN
PENUMBRA INC
$9.71B$1.24B$71.30M$42.23M$1.1013.17%17.39%-54.55%-0.36%
STE
STERIS PLC
$23.87B$5.46B$1.36B$614.64M$6.246.24%12.49%62.92%5.34%2025-08-04
BVS
BIOVENTUS INC
$572.55M$567.70M$47.69M-$31.61M-$0.488.60%N/AN/AN/A
ZIMV
ZIMVIE INC
$274.75M$443.55M$42.31M-$19.54M-$0.71-2.56%N/AN/AN/A
VREX
VAREX IMAGING CORP
$355.66M$827.50M$80.20M-$42.00M-$1.04-3.31%0.77%N/AN/A
LIVN
LIVANOVA PLC
$2.49B$1.28B-$78.01M-$222.15M-$4.077.62%3.46%N/AN/A2025-07-29
QDEL
QUIDELORTHO CORP
$2.01B$2.76B$268.70M-$358.70M-$5.31-3.42%37.55%N/AN/A
VMD
VIEMED HEALTHCARE INC
$276.67M$232.79M$43.98M$12.29M$0.3219.97%22.05%18.52%1.99%
IRMD
IRADIMED CORP
$769.39M$75.15M$25.76M$19.78M$1.5711.04%14.16%10.56%13.32%2025-07-30
SIBN
SI-BONE INC
$780.27M$176.60M-$18.76M-$26.55M-$0.6422.60%20.63%N/AN/A
MASI
MASIMO CORP
$9.16B$1.97B-$392.40M-$494.50M-$9.258.28%15.13%N/AN/A2025-08-12
BWAY
BRAINSWAY LTD
$244.10M$43.46M$7.98M$3.92M$0.2426.86%14.51%N/AN/A
BSX
BOSTON SCIENTIFIC CORP
$155.02B$17.55B$4.09B$2.03B$1.3819.35%10.23%15.00%-14.83%2025-07-22
MDT
MEDTRONIC PLC
$113.71B$33.54B$9.19B$4.66B$3.633.62%3.01%31.05%0.33%2025-08-19
ARAY
ACCURAY INC
$140.10M$465.25M$29.33M$673.00k$0.018.06%2.79%N/A-12.94%2025-08-14
BIO
BIO-RAD LABORATORIES INC
$6.75B$2.54B-$2.70B-$2.16B-$76.07-2.46%1.76%N/AN/A2025-07-30
DCTH
DELCATH SYSTEMS INC
$444.38M$53.85M-$14.70M-$14.21M-$0.481,068.87%101.95%N/AN/A
PHG
KONINKLIJKE PHILIPS NV
$22.39B$18.97B$2.15B-$738.95M-$0.79-7.01%-0.52%N/AN/A2025-07-28
DXCM
DEXCOM INC
$32.77B$4.15B$975.00M$535.20M$1.359.11%20.98%-18.18%27.23%2025-07-23
PODD
INSULET CORP
$21.11B$2.20B$418.30M$402.20M$5.7423.49%23.14%71.34%135.05%2025-08-07
INSP
INSPIRE MEDICAL SYSTEMS INC
$3.86B$840.11M$80.33M$66.51M$2.2427.11%57.33%N/AN/A
EW
EDWARDS LIFESCIENCES CORP
$45.27B$5.54B$4.56B$4.18B$7.037.86%4.32%201.72%31.62%2025-07-22
AHCO
ADAPTHEALTH CORP
$1.27B$3.25B$652.05M$85.35M$0.58-0.05%40.09%N/AN/A
ALGN
ALIGN TECHNOLOGY INC
$14.08B$3.98B$780.53M$409.56M$5.501.64%10.57%-9.54%-25.52%2025-07-22
GMED
GLOBUS MEDICAL INC
$8.15B$2.51B$498.40M$185.56M$1.3632.26%25.92%130.51%-1.94%2025-07-31
AXGN
AXOGEN INC
$499.16M$194.52M$8.79M-$7.16M-$0.1518.81%12.55%N/AN/A2025-08-06
SNWV
SANUWAVE HEALTH INC
$275.75M$36.19M-$19.36M-$32.52M-$4.5161.50%104.99%N/AN/A
ABT
ABBOTT LABORATORIES
$237.07B$42.34B$11.07B$13.50B$7.725.00%5.70%139.01%30.75%2025-07-17
TMDX
TRANSMEDICS GROUP INC
$4.40B$488.23M$87.65M$48.95M$1.4764.43%79.15%N/AN/A2025-07-29
SYK
STRYKER CORP
$151.62B$23.22B$3.76B$2.86B$7.5010.76%9.19%-15.25%5.31%2025-07-29
CNMD
CONMED CORP
$1.67B$1.32B$198.07M$118.75M$3.844.32%6.72%42.75%26.40%2025-07-29
ZBH
ZIMMER BIOMET HOLDINGS INC
$18.61B$7.70B$2.29B$913.40M$4.533.30%-0.24%-2.37%19.61%2025-08-05
NPCE
NEUROPACE INC
$343.73M$84.31M-$14.30M-$24.81M-$0.8322.05%N/AN/AN/A
INMD
INMODE LTD
$1.02B$392.41M$140.61M$175.78M$2.35-15.84%18.74%8.29%20.11%2025-07-31
ATEC
ALPHATEC HOLDINGS INC
$1.60B$642.27M-$52.52M-$165.54M-$1.1525.53%40.10%N/AN/A2025-07-29
CERS
CERUS CORP
$282.92M$206.78M-$5.95M-$18.95M-$0.107.86%16.48%N/AN/A2025-07-30
INGN
INOGEN INC
$190.90M$339.96M-$7.09M-$27.48M-$1.155.73%-1.15%N/AN/A2025-08-12
ITGR
INTEGER HOLDINGS CORP
$4.23B$1.75B$290.43M$76.90M$2.299.03%6.65%-22.11%-6.65%2025-07-23
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$237.83M$293.16M$31.62M$16.20M$0.675.96%8.44%-44.63%8.77%2025-08-04
BRKR
BRUKER CORP
$6.35B$3.45B$359.40M$79.60M$0.5214.84%11.11%-81.09%-14.53%
RPID
RAPID MICRO BIOSYSTEMS INC
$152.97M$29.65M-$42.88M-$44.83M-$1.0328.36%N/AN/AN/A
AORT
ARTIVION INC
$1.31B$390.08M$39.49M-$21.40M-$0.505.94%7.23%N/AN/A
IRTC
IRHYTHM TECHNOLOGIES INC
$4.66B$618.59M-$57.89M-$98.32M-$3.1420.54%21.91%N/AN/A2025-07-30
PTHL
PHETON HOLDINGS LTD
$261.20M$448.20k-$566.33k-$660.59k-$0.05-28.70%N/AN/AN/A
RSLS
RESHAPE LIFESCIENCES INC
$1.79M$7.18M-$3.37M-$3.46M-$193.02-13.92%25.70%N/AN/A
MASS
908 DEVICES INC
$232.38M$61.42M-$13.25M-$17.69M-$0.5427.52%N/AN/AN/A
BFLY
BUTTERFLY NETWORK INC
$479.74M$85.62M-$53.30M-$64.70M-$0.2925.77%N/AN/AN/A2025-07-30
UFPT
UFP TECHNOLOGIES INC
$1.94B$547.56M$104.56M$63.47M$8.2734.43%22.40%31.90%25.28%2025-08-05
GKOS
GLAUKOS CORP
$5.86B$404.52M-$75.96M-$123.68M-$2.3023.92%11.16%N/AN/A
CBLL
CERIBELL INC
$671.18MN/AN/AN/AN/AN/AN/AN/AN/A
MDAI
SPECTRAL AI INC
$69.52M$29.96M-$8.32M-$9.21M-$0.5255.21%N/AN/AN/A
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$1.03B$1.62B$180.73M-$28.96M-$0.386.19%1.44%N/AN/A2025-07-23
RXST
RXSIGHT INC
$533.16M$148.31M-$23.20M-$26.55M-$0.6746.69%N/AN/AN/A
ANIK
ANIKA THERAPEUTICS INC
$151.02M$105.55M-$43.57M-$56.74M-$3.87-5.66%-3.37%N/AN/A2025-07-31
BSGM
BIOSIG TECHNOLOGIES INC
$227.09M$26.00k-$9.32M-$9.79M-$0.59-3.70%N/AN/AN/A
TMCI
TREACE MEDICAL CONCEPTS INC
$378.69M$210.82M-$36.43M-$52.99M-$0.857.54%N/AN/AN/A
LUNG
PULMONX CORP
$108.29M$87.47M-$50.39M-$57.09M-$1.4419.84%N/AN/AN/A2025-07-29
ECOR
ELECTROCORE INC
$38.88M$26.46M-$11.03M-$12.24M-$1.5641.54%57.68%N/AN/A
SRDX
SURMODICS INC
$418.68M$121.58M-$1.76M-$19.86M-$1.40-14.96%3.86%N/AN/A2025-07-29
NVCR
NOVOCURE LTD
$1.99B$621.71M-$155.10M-$164.19M-$1.5118.27%10.36%N/AN/A
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$34.87M$8.76M-$6.24M-$6.60M-$0.22135.03%N/AN/AN/A
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.26B$170.24M-$57.63M-$89.10M-$3.119.27%12.79%N/AN/A
SSII
SS INNOVATIONS INTERNATIONAL INC
$1.10B$19.64M-$18.05M-$20.52M-$0.11125.09%N/AN/AN/A
ALUR
ALLURION TECHNOLOGIES INC
$18.27M$28.30M-$21.67M-$24.36M-$12.24-41.98%N/AN/AN/A
MXCT
MAXCYTE INC
$230.71M$37.68M-$36.95M-$41.79M-$0.40-14.48%N/AN/AN/A
CLPT
CLEARPOINT NEURO INC
$315.16M$32.24M-$19.01M-$20.79M-$0.7623.22%22.14%N/AN/A
PRCT
PROCEPT BIOROBOTICS CORP
$3.13B$249.12M-$81.07M-$90.19M-$1.6959.36%N/AN/AN/A2025-07-30
NVNO
ENVVENO MEDICAL CORP
$69.79M$0.00-$20.82M-$21.33M-$1.18N/AN/AN/AN/A2025-07-29
CTKB
CYTEK BIOSCIENCES INC
$440.77M$197.05M$8.03M-$11.25M$16.60k-1.86%N/A48.32%N/A
TNON
TENON MEDICAL INC
$7.89M$3.28M-$13.11M-$13.71M-$5.462.18%N/AN/AN/A
OM
OUTSET MEDICAL INC
$367.38M$115.27M-$84.88M-$113.82M-$29.01-7.84%N/AN/AN/A
KIDS
ORTHOPEDIATRICS CORP
$541.45M$212.45M-$19.85M-$40.68M-$1.7631.28%23.40%N/AN/A
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$19.74M$0.00-$10.84M-$11.05M-$0.60N/AN/AN/AN/A
MYO
MYOMO INC
$77.71M$38.63M-$4.26M-$5.81M-$0.1497.60%57.26%N/AN/A
ICCM
ICECURE MEDICAL LTD
$59.79M$3.27M-$15.37M-$15.30M-$0.280.34%N/AN/AN/A
RCEL
AVITA MEDICAL INC
$139.31M$71.66M-$49.49M-$57.05M-$2.1939.15%N/AN/AN/A
SGHT
SIGHT SCIENCES INC
$210.43M$78.11M-$43.14M-$49.40M-$0.99-4.16%N/AN/AN/A
CVRX
CVRX INC
$157.48M$52.87M-$45.97M-$51.55M-$2.1525.62%N/AN/AN/A2025-07-28
OFIX
ORTHOFIX MEDICAL INC
$438.04M$804.53M-$31.63M-$143.07M-$3.695.85%12.04%N/AN/A2025-08-12
TNDM
TANDEM DIABETES CARE INC
$1.15B$982.95M-$150.18M-$183.87M-$2.7827.65%20.05%N/AN/A2025-07-31
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$387.11M$152.36M-$232.04M-$657.75M-$2.28-23.99%11.09%N/AN/A2025-07-30
SRTS
SENSUS HEALTHCARE INC
$76.30M$39.49M$3.92M$1.80M$0.1124.74%10.93%-62.07%N/A
TELA
TELA BIO INC
$77.13M$71.22M-$37.31M-$43.44M-$1.3512.78%35.03%N/AN/A
QIPT
QUIPT HOME MEDICAL CORP
$76.03M$235.35M$49.29M-$8.94M-$0.21-0.51%N/AN/AN/A2025-08-12
TIVC
TIVIC HEALTH SYSTEMS INC
$3.47M$516.00k-$5.37M-$5.68M-$13.36-54.50%N/AN/AN/A
BJDX
BLUEJAY DIAGNOSTICS INC
$2.48M$0.00-$6.24M-$20.48M-$290.56N/AN/AN/AN/A
VERO
VENUS CONCEPT INC
$3.73M$61.00M-$39.22M-$49.57M-$70.72-16.79%-9.47%N/AN/A
TLSI
TRISALUS LIFE SCIENCES INC
$194.87M$32.14M-$21.82M-$27.21M-$1.1246.21%N/AN/AN/A
MGRM
MONOGRAM TECHNOLOGIES INC
$102.07M$0.00-$15.58M-$16.36M-$0.50-100.00%N/AN/AN/A
BBNX
BETA BIONICS INC
$604.39MN/AN/AN/AN/AN/AN/AN/AN/A
PROF
PROFOUND MEDICAL CORP
$183.38M$8.25M-$26.43M-$26.59M-$0.8858.72%24.35%N/AN/A
VVOS
VIVOS THERAPEUTICS INC
$22.79M$14.63M-$10.63M-$11.24M-$1.739.47%N/AN/AN/A
NAOV
NANOVIBRONIX INC
$2.46M$2.66M-$5.41M-$5.61M-$15.18-6.60%36.34%N/AN/A
CATX
PERSPECTIVE THERAPEUTICS INC
$243.47M$1.47M-$84.47M-$85.17M-$1.25-3.60%-30.88%N/AN/A
QTRX
QUANTERIX CORP
$259.77M$135.69M-$41.43M-$47.87M-$1.247.71%17.68%N/AN/A
NNOX
NANO-X IMAGING LTD
$326.14M$11.55M-$43.13M-$54.51M-$0.9015.32%N/AN/AN/A
SMLR
SEMLER SCIENTIFIC INC
$394.99M$49.23M-$33.32M-$29.88M-$1.96-25.28%6.79%N/AN/A

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 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: D, 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 -36.51% over the past year, underperforming other medical device stocks by -16 percentage points.

2. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) 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 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 24.85% over the past year, overperforming other medical device stocks by 45 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -10.13% from Smith & Nephew's current stock price of $30.60.

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.

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 44, which is 17 points higher than the medical device industry average of 27.

ELMD passed 14 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 54.06% over the past year, overperforming other medical device stocks by 74 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 74.31% from Electromed's current stock price of $21.80.

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 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 2.45%, which is 1 percentage points higher than the medical device industry average of 1.02%. 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 1.58%, which is 1 percentage points higher than the medical device industry average of 1.02%. 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 1.24%, which is the same as the medical device industry average of 1.02%. 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 -0.25% in the last day, and up 0.23% over the last week. Tandem Diabetes Care was the among the top losers in the medical devices industry, dropping -7.51% yesterday.

Shares of glucose monitor and insulin pump stocks are trading lower after the CMS proposed that continuous glucose monitors and insulin infusion pumps be reclassified under the frequent and substantial servicing payment category.

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 -17.01% in the past year. It has overperformed other stocks in the medical device industry by 3 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 -19.29% in the past year. It has overperformed other stocks in the medical device industry by 1 percentage points.

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 -3.39% in the past year. It has overperformed other stocks in the medical device industry by 17 percentage points.

Are medical device stocks a good buy now?

57.14% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 29.79% over the next year.

7.62% of medical device stocks have a Zen Rating of A (Strong Buy), 11.43% of medical device stocks are rated B (Buy), 56.19% are rated C (Hold), 20.95% are rated D (Sell), and 3.81% 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 36.47x.
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.