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
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
SNN
SMITH & NEPHEW PLC
$12.54B2.62%79.40%$0.4620$0.7555%9
AVNS
AVANOS MEDICAL INC
$558.63MN/A0.00%N/AN/AN/AN/A
ELMD
ELECTROMED INC
$173.93MN/A0.00%N/AN/AN/AN/A
STE
STERIS PLC
$23.24B0.72%35.70%$0.5700$1.7114%02025-06-26
PEN
PENUMBRA INC
$9.95BN/A0.00%N/AN/AN/AN/A
BVS
BIOVENTUS INC
$528.19MN/A0.00%N/AN/AN/AN/A
ZIMV
ZIMVIE INC
$240.40MN/A0.00%N/AN/AN/AN/A
VREX
VAREX IMAGING CORP
$318.31MN/A0.00%N/AN/AN/AN/A
VMD
VIEMED HEALTHCARE INC
$260.07MN/A0.00%N/AN/AN/AN/A
IRMD
IRADIMED CORP
$743.20M1.09%39.50%$0.1700$0.6423%2
DCTH
DELCATH SYSTEMS INC
$493.14MN/A0.00%N/AN/AN/AN/A
QDEL
QUIDELORTHO CORP
$1.92BN/A0.00%N/AN/AN/AN/A
SIBN
SI-BONE INC
$710.81MN/A0.00%N/AN/AN/AN/A
BWAY
BRAINSWAY LTD
$207.51MN/A0.00%N/AN/AN/AN/A
DXCM
DEXCOM INC
$31.76BN/A0.00%N/AN/AN/AN/A
MASI
MASIMO CORP
$8.83BN/A0.00%N/AN/AN/AN/A
BSX
BOSTON SCIENTIFIC CORP
$149.97BN/A0.00%N/AN/AN/AN/A
LIVN
LIVANOVA PLC
$2.46BN/A0.00%N/AN/AN/AN/A
ARAY
ACCURAY INC
$126.71MN/A0.00%N/AN/AN/AN/A
SYK
STRYKER CORP
$142.65B0.65%43.70%$0.8400$2.4412%02025-06-302025-07-31
ALGN
ALIGN TECHNOLOGY INC
$13.05BN/A0.00%N/AN/AN/AN/A
GMED
GLOBUS MEDICAL INC
$7.77BN/A0.00%N/AN/AN/AN/A
PHG
KONINKLIJKE PHILIPS NV
$20.41BN/A0.00%$0.9641N/AN/A2
MDT
MEDTRONIC PLC
$109.95B2.45%84.30%$0.7000$2.1052%02025-06-272025-07-11
AXGN
AXOGEN INC
$423.10MN/A0.00%N/AN/AN/AN/A
PODD
INSULET CORP
$21.24BN/A0.00%N/AN/AN/AN/A
SNWV
SANUWAVE HEALTH INC
$282.34MN/A0.00%N/AN/AN/AN/A
AHCO
ADAPTHEALTH CORP
$1.14BN/A0.00%N/AN/AN/AN/A
NPCE
NEUROPACE INC
$347.66MN/A0.00%N/AN/AN/AN/A
ABT
ABBOTT LABORATORIES
$230.37B1.28%21.90%$0.5900$1.6927%02025-07-152025-08-15
EW
EDWARDS LIFESCIENCES CORP
$43.40BN/A0.00%N/AN/AN/AN/A
BIO
BIO-RAD LABORATORIES INC
$6.31BN/A0.00%N/AN/AN/AN/A
TMDX
TRANSMEDICS GROUP INC
$4.20BN/A0.00%N/AN/AN/AN/A
INMD
INMODE LTD
$917.26MN/A0.00%N/AN/AN/AN/A
ZBH
ZIMMER BIOMET HOLDINGS INC
$17.92B0.80%21.20%$0.2400$0.7217%02025-06-262025-07-31
CNMD
CONMED CORP
$1.61B0.77%20.80%$0.2000$0.4016%02025-07-03
INSP
INSPIRE MEDICAL SYSTEMS INC
$3.83BN/A0.00%N/AN/AN/AN/A
ATEC
ALPHATEC HOLDINGS INC
$1.59BN/A0.00%N/AN/AN/AN/A
CERS
CERUS CORP
$256.16MN/A0.00%N/AN/AN/AN/A
ITGR
INTEGER HOLDINGS CORP
$4.15BN/A0.00%N/AN/AN/AN/A
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$231.55MN/A0.00%N/AN/AN/AN/A
INGN
INOGEN INC
$177.46MN/A0.00%N/AN/AN/AN/A
BRKR
BRUKER CORP
$5.82B0.52%38.50%$0.0500$0.208%02025-06-27
RPID
RAPID MICRO BIOSYSTEMS INC
$137.19MN/A0.00%N/AN/AN/AN/A
AORT
ARTIVION INC
$1.27BN/A0.00%$0.0300N/AN/A0
RSLS
RESHAPE LIFESCIENCES INC
$1.89MN/A0.00%N/AN/AN/AN/A
BFLY
BUTTERFLY NETWORK INC
$534.14MN/A0.00%N/AN/AN/AN/A
GKOS
GLAUKOS CORP
$5.85BN/A0.00%N/AN/AN/AN/A
MASS
908 DEVICES INC
$285.81MN/A0.00%N/AN/AN/AN/A
IRTC
IRHYTHM TECHNOLOGIES INC
$4.65BN/A0.00%N/AN/AN/AN/A
PTHL
PHETON HOLDINGS LTD
$257.93MN/A0.00%N/AN/AN/AN/A
CBLL
CERIBELL INC
$643.35MN/AN/AN/AN/AN/AN/A
UFPT
UFP TECHNOLOGIES INC
$1.85BN/A0.00%N/AN/AN/AN/A
TMCI
TREACE MEDICAL CONCEPTS INC
$343.46MN/A0.00%N/AN/AN/AN/A
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$925.55MN/A0.00%N/AN/AN/AN/A
NVCR
NOVOCURE LTD
$1.87BN/A0.00%N/AN/AN/AN/A
SRDX
SURMODICS INC
$416.68MN/A0.00%N/AN/AN/AN/A
SENS
SENSEONICS HOLDINGS INC
$330.42MN/A0.00%N/AN/AN/AN/A
LUNG
PULMONX CORP
$110.71MN/A0.00%N/AN/AN/AN/A
SSII
SS INNOVATIONS INTERNATIONAL INC
$944.79MN/A0.00%N/AN/AN/AN/A
ANIK
ANIKA THERAPEUTICS INC
$159.19MN/A0.00%N/AN/AN/AN/A
MDAI
SPECTRAL AI INC
$54.07MN/A0.00%N/AN/AN/AN/A
ECOR
ELECTROCORE INC
$38.96MN/A0.00%N/AN/AN/AN/A
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$34.27MN/A0.00%N/AN/AN/AN/A
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.10BN/A0.00%N/AN/AN/AN/A
BSGM
BIOSIG TECHNOLOGIES INC
$177.41MN/A0.00%N/AN/AN/AN/A
MXCT
MAXCYTE INC
$224.33MN/A0.00%N/AN/AN/AN/A
RXST
RXSIGHT INC
$563.63MN/A0.00%N/AN/AN/AN/A
PRCT
PROCEPT BIOROBOTICS CORP
$3.30BN/A0.00%N/AN/AN/AN/A
CLPT
CLEARPOINT NEURO INC
$314.88MN/A0.00%N/AN/AN/AN/A
ALUR
ALLURION TECHNOLOGIES INC
$18.05MN/A0.00%N/AN/AN/AN/A
NVNO
ENVVENO MEDICAL CORP
$72.42MN/A0.00%N/AN/AN/AN/A
TNON
TENON MEDICAL INC
$6.69MN/A0.00%N/AN/AN/AN/A
MYO
MYOMO INC
$97.50MN/A0.00%N/AN/AN/AN/A
CTKB
CYTEK BIOSCIENCES INC
$388.84MN/A0.00%N/AN/AN/AN/A
RCEL
AVITA MEDICAL INC
$138.78MN/A0.00%N/AN/AN/AN/A
OFIX
ORTHOFIX MEDICAL INC
$405.52MN/A0.00%N/AN/AN/AN/A
OM
OUTSET MEDICAL INC
$346.83MN/A0.00%N/AN/AN/AN/A
ICCM
ICECURE MEDICAL LTD
$55.69MN/A0.00%N/AN/AN/AN/A
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$230.45MN/A0.00%N/AN/AN/AN/A
TNDM
TANDEM DIABETES CARE INC
$1.36BN/A0.00%N/AN/AN/AN/A
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$18.12MN/A0.00%N/AN/AN/AN/A
QIPT
QUIPT HOME MEDICAL CORP
$78.20MN/A0.00%N/AN/AN/AN/A
SRTS
SENSUS HEALTHCARE INC
$77.95MN/A0.00%N/AN/AN/AN/A
TELA
TELA BIO INC
$66.06MN/A0.00%N/AN/AN/AN/A
TIVC
TIVIC HEALTH SYSTEMS INC
$3.41MN/A0.00%N/AN/AN/AN/A
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$393.11MN/A0.00%N/AN/AN/AN/A
BJDX
BLUEJAY DIAGNOSTICS INC
$2.41MN/A0.00%N/AN/AN/AN/A
VERO
VENUS CONCEPT INC
$3.43MN/A0.00%N/AN/AN/AN/A
KIDS
ORTHOPEDIATRICS CORP
$499.10MN/A0.00%N/AN/AN/AN/A
MGRM
MONOGRAM TECHNOLOGIES INC
$104.57MN/A0.00%N/AN/AN/AN/A
CVRX
CVRX INC
$152.00MN/A0.00%N/AN/AN/AN/A
PROF
PROFOUND MEDICAL CORP
$202.56MN/A0.00%N/AN/AN/AN/A
SGHT
SIGHT SCIENCES INC
$220.77MN/A0.00%N/AN/AN/AN/A
TLSI
TRISALUS LIFE SCIENCES INC
$203.57MN/A0.00%N/AN/AN/AN/A
NNOX
NANO-X IMAGING LTD
$322.00MN/A0.00%N/AN/AN/AN/A
NAOV
NANOVIBRONIX INC
$2.47MN/A0.00%N/AN/AN/AN/A
BBNX
BETA BIONICS INC
$770.87MN/AN/AN/AN/AN/AN/A
VVOS
VIVOS THERAPEUTICS INC
$14.61MN/A0.00%N/AN/AN/AN/A
QTRX
QUANTERIX CORP
$247.73MN/A0.00%N/AN/AN/AN/A

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jun 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. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) 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 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 13.68% over the past year, overperforming other medical device stocks by 28 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -3.78% from Smith & Nephew's current stock price of $28.58.

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.

2. Avanos Medical (NYSE:AVNS)


Avanos Medical (NYSE:AVNS) 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 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 -36.72% over the past year, underperforming other medical device stocks by -22 percentage points.

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 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 46.57% over the past year, overperforming other medical device stocks by 61 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 83.22% from Electromed's current stock price of $20.74.

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 9 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 2.62%, which is 1 percentage points higher than the medical device industry average of 1.21%. 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 2.45%, which is 1 percentage points higher than the medical device industry average of 1.21%. 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. 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 1.21%. 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 up?

Medical device stocks were up 0.36% in the last day, and down -2.03% over the last week.

We couldn't find a catalyst for why medical device stocks are up.

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 -23.38% in the past year. It has underperformed other stocks in the medical device industry by -9 percentage points.

2. Adapthealth (NASDAQ:AHCO)


Adapthealth (NASDAQ:AHCO) 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.

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 -24.56% in the past year. It has underperformed other stocks in the medical device industry by -10 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 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 -22.82% in the past year. It has underperformed other stocks in the medical device industry by -8 percentage points.

Are medical device stocks a good buy now?

55.24% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 34.04% over the next year.

5.56% of medical device stocks have a Zen Rating of A (Strong Buy), 12.96% of medical device stocks are rated B (Buy), 56.48% are rated C (Hold), 20.37% are rated D (Sell), and 4.63% 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 35.59x.
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.