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
Zen Rating
Sentiment
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
AVNS
AVANOS MEDICAL INC
$538.28M46,243,98093.74%3.99%Net SellingNet Selling
SNN
SMITH & NEPHEW PLC
$13.11B877,704,1863.58%0.00%
ELMD
ELECTROMED INC
$156.40M8,386,11529.93%70.07%Net Selling
PEN
PENUMBRA INC
$8.91B38,725,94089.21%10.16%Net BuyingNet Buying
VREX
VAREX IMAGING CORP
$325.78M41,500,00092.60%1.66%Net SellingNet Selling
STE
STERIS PLC
$22.09B98,372,31093.26%0.94%Net SellingNet Selling
ZIMV
ZIMVIE INC
$241.80M27,921,54882.47%12.56%Net SellingNet Selling
BVS
BIOVENTUS INC
$533.12M82,144,34736.99%63.01%Net Buying
MASI
MASIMO CORP
$8.59B54,219,11684.14%15.86%Net BuyingNet Buying
IRMD
IRADIMED CORP
$730.48M12,715,10954.75%41.08%Net SellingNet Selling
BSX
BOSTON SCIENTIFIC CORP
$154.82B1,479,446,34588.93%5.72%Net SellingNet Selling
PHG
KONINKLIJKE PHILIPS NV
$22.76B925,009,0746.30%0.00%
VMD
VIEMED HEALTHCARE INC
$263.62M39,523,78761.47%12.97%Net SellingNet Buying
ARAY
ACCURAY INC
$140.10M103,013,38455.57%39.48%Net SellingNet Selling
SIBN
SI-BONE INC
$712.94M42,614,51456.97%43.03%Net SellingNet Selling
LIVN
LIVANOVA PLC
$2.32B54,525,69190.62%9.38%Net SellingNet Selling
MDT
MEDTRONIC PLC
$114.71B1,281,264,70382.93%0.58%Net BuyingNet Buying
DXCM
DEXCOM INC
$32.98B392,107,50191.00%4.58%Net SellingNet Selling
QDEL
QUIDELORTHO CORP
$1.80B67,625,87279.93%20.07%Net SellingNet Selling
INSP
INSPIRE MEDICAL SYSTEMS INC
$3.77B29,493,92466.65%33.35%Net SellingNet Buying
BWAY
BRAINSWAY LTD
$218.42M37,626,42715.91%0.00%
SYK
STRYKER CORP
$148.62B382,164,86546.16%53.84%Net SellingNet Selling
DCTH
DELCATH SYSTEMS INC
$394.23M34,826,18338.29%61.71%Net BuyingNet Buying
GMED
GLOBUS MEDICAL INC
$7.79B135,379,37377.75%22.25%Net Selling
BIO
BIO-RAD LABORATORIES INC
$6.79B27,212,60623.50%76.50%Net SellingNet Selling
EW
EDWARDS LIFESCIENCES CORP
$44.69B586,600,00084.90%1.22%Net SellingNet Selling
AXGN
AXOGEN INC
$529.68M45,544,04458.48%41.52%Net SellingNet Selling
CNMD
CONMED CORP
$1.52B30,939,86597.30%2.70%Net BuyingNet Selling
TMDX
TRANSMEDICS GROUP INC
$3.81B33,833,78879.76%20.24%Net SellingNet Selling
PODD
INSULET CORP
$19.95B70,374,92380.11%19.89%Net SellingNet Selling
SNWV
SANUWAVE HEALTH INC
$320.15M8,555,61629.24%15.82%Net BuyingNet Buying
ZBH
ZIMMER BIOMET HOLDINGS INC
$18.78B197,847,89474.91%25.09%Net SellingNet Selling
ABT
ABBOTT LABORATORIES
$209.67B1,739,836,46577.37%1.14%Net SellingNet Selling
ALGN
ALIGN TECHNOLOGY INC
$13.94B72,484,84184.77%15.23%Net Selling
AHCO
ADAPTHEALTH CORP
$1.24B134,947,90149.39%50.61%Net Selling
NPCE
NEUROPACE INC
$297.81M32,798,50545.81%54.19%Net SellingNet Selling
AORT
ARTIVION INC
$1.32B42,702,78579.40%20.60%Net SellingNet Selling
INMD
INMODE LTD
$969.52M68,760,00064.02%0.00%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$232.72M23,248,35376.79%23.21%Net SellingNet Selling
ITGR
INTEGER HOLDINGS CORP
$4.00B34,891,99596.27%3.73%Net SellingNet Selling
IRTC
IRHYTHM TECHNOLOGIES INC
$4.33B31,925,26778.28%21.72%Net SellingNet Selling
CERS
CERUS CORP
$261.89M191,160,48078.63%7.26%Net Selling
GKOS
GLAUKOS CORP
$5.66B57,140,52666.09%33.91%Net SellingNet Buying
INGN
INOGEN INC
$179.61M26,887,24269.29%30.71%Net Selling
BRKR
BRUKER CORP
$6.39B151,531,80351.67%48.33%Net BuyingNet Buying
MDAI
SPECTRAL AI INC
$68.75M25,747,51913.87%52.95%Net BuyingNet Buying
RSLS
RESHAPE LIFESCIENCES INC
$2.10M738,2770.47%99.53%
RPID
RAPID MICRO BIOSYSTEMS INC
$151.22M43,831,70133.02%66.98%Net BuyingNet Selling
MASS
908 DEVICES INC
$243.14M35,861,15449.06%50.94%Net BuyingNet Buying
CV
CAPSOVISION INC
N/A46,094,0800.00%4.02%
UFPT
UFP TECHNOLOGIES INC
$1.79B7,706,82587.00%13.00%Net SellingNet Buying
BFLY
BUTTERFLY NETWORK INC
$457.48M247,288,93041.29%38.39%Net SellingNet Selling
PTHL
PHETON HOLDINGS LTD
$309.65M14,250,0000.12%0.00%
ATEC
ALPHATEC HOLDINGS INC
$1.55B146,172,70323.17%76.83%Net SellingNet Selling
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$930.99M77,712,27466.27%33.73%Net SellingNet Selling
CBLL
CERIBELL INC
$564.55M36,143,02266.67%29.80%Net BuyingNet Buying
SRDX
SURMODICS INC
$437.77M14,299,26660.28%39.72%Net Selling
NUWE
NUWELLIS INC
$1.64M104,1421.02%98.98%Net BuyingNet Buying
SENS
SENSEONICS HOLDINGS INC
$368.37M654,291,10013.26%32.77%Net SellingNet Selling
MXCT
MAXCYTE INC
$228.58M106,318,53267.98%11.55%Net Selling
NVCR
NOVOCURE LTD
$1.81B111,485,63459.22%40.78%Net BuyingNet Selling
ANIK
ANIKA THERAPEUTICS INC
$161.20M14,341,42382.63%17.37%Net SellingNet Selling
ECOR
ELECTROCORE INC
$54.84M7,420,6189.37%90.63%Net BuyingNet Buying
TMCI
TREACE MEDICAL CONCEPTS INC
$364.22M62,904,95247.02%52.98%Net BuyingNet Selling
ALUR
ALLURION TECHNOLOGIES INC
$22.15M7,457,75814.24%85.76%Net BuyingNet Buying
SSII
SS INNOVATIONS INTERNATIONAL INC
$1.61B193,603,9700.00%62.44%Net BuyingNet Buying
NVNO
ENVVENO MEDICAL CORP
$92.06M17,536,00020.76%64.48%Net Buying
LUNG
PULMONX CORP
$124.40M40,257,52785.59%14.41%Net SellingNet Selling
BSGM
BIOSIG TECHNOLOGIES INC
$129.65M27,294,60427.68%57.51%
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$35.65M24,252,0961.44%0.00%
RCEL
AVITA MEDICAL INC
$143.54M26,434,65826.65%3.82%Net BuyingNet Buying
XAIR
BEYOND AIR INC
$15.03M4,639,73959.59%40.41%Net Buying
TNON
TENON MEDICAL INC
$8.20M7,589,9702.01%40.80%
CTKB
CYTEK BIOSCIENCES INC
$417.98M126,659,19661.18%22.37%Net SellingNet Selling
OM
OUTSET MEDICAL INC
$311.91M17,722,31065.12%34.88%Net SellingNet Selling
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$417.12M300,084,68575.01%7.74%Net SellingNet Selling
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.23B28,917,25481.32%18.68%Net SellingNet Selling
MYO
MYOMO INC
$73.76M35,978,92244.33%11.41%Net SellingNet Buying
TIVC
TIVIC HEALTH SYSTEMS INC
$3.57M878,3410.00%100.00%
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$113.44M35,728,6251.00%17.26%
SRTS
SENSUS HEALTHCARE INC
$73.02M16,445,03624.49%31.35%Net Selling
TNDM
TANDEM DIABETES CARE INC
$1.02B66,607,20666.09%33.91%Net SellingNet Buying
CLPT
CLEARPOINT NEURO INC
$318.52M27,989,19429.27%26.88%Net SellingNet Selling
OFIX
ORTHOFIX MEDICAL INC
$425.11M39,180,83376.59%23.41%Net BuyingNet Buying
CATX
PERSPECTIVE THERAPEUTICS INC
$306.56M74,228,33427.18%72.82%Net Buying
SGHT
SIGHT SCIENCES INC
$183.03M51,702,08831.66%58.43%Net BuyingNet Buying
PRCT
PROCEPT BIOROBOTICS CORP
$3.26B55,328,66874.81%25.19%Net SellingNet Selling
VERO
VENUS CONCEPT INC
$3.60M1,424,4030.12%99.88%Net Selling
VVOS
VIVOS THERAPEUTICS INC
$33.75M5,889,5204.23%95.77%
KIDS
ORTHOPEDIATRICS CORP
$561.02M24,769,04943.09%56.91%Net Selling
QIPT
QUIPT HOME MEDICAL CORP
$89.49M43,443,97258.25%15.48%Net Buying
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$88.61k10,5610.31%99.69%
ICCM
ICECURE MEDICAL LTD
$59.20M58,616,2760.22%0.00%
RXST
RXSIGHT INC
$299.90M40,636,98174.11%25.89%Net BuyingNet Buying
NAOV
NANOVIBRONIX INC
$2.61M2,584,8350.77%21.83%
NNOX
NANO-X IMAGING LTD
$323.27M63,762,00123.47%0.00%
TLSI
TRISALUS LIFE SCIENCES INC
$178.60M37,838,9628.11%54.76%Net BuyingNet Buying
CVRX
CVRX INC
$217.71M26,072,59942.66%57.34%Net BuyingNet Buying
SMLR
SEMLER SCIENTIFIC INC
$486.21M11,151,57253.59%46.41%Net BuyingNet Buying
QTRX
QUANTERIX CORP
$213.95M38,829,38664.58%35.42%Net BuyingNet Buying

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 -48.59% over the past year, underperforming other medical device stocks by -20 percentage points.

2. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) 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 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 5.84% over the past year, overperforming other medical device stocks by 35 percentage points.

Smith & Nephew has an average 1 year price target of $27.50, a downside of -7.97% from Smith & Nephew's current stock price of $29.88.

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 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 Electromed (NYSEMKT:ELMD) is: Value: B, Growth: C, Momentum: D, Sentiment: B, Safety: A, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 50, which is 23 points higher than the medical device industry average of 27.

ELMD passed 16 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 17.52% over the past year, overperforming other medical device stocks by 46 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 103.75% from Electromed's current stock price of $18.65.

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 2.51%, 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. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) has an annual dividend yield of 1.22%, which is the same as the medical device industry average of 1.11%. 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 20.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.37% in the last day, and down -4.1% over the last week. Abbott Laboratories was the among the top losers in the medical devices industry, dropping -8.52% yesterday.

Abbott Laboratories shares are trading higher after Jefferies upgraded the stock from hold to buy and raised the price target from $143 to $145. The move may also reflect a rebound following Thursday's drop on weak guidance.

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 -24.68% in the past year. It has overperformed other stocks in the medical device industry by 4 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 -33.08% in the past year. It has underperformed other stocks in the medical device industry by -4 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 -18.22% in the past year. It has overperformed other stocks in the medical device industry by 10 percentage points.

Are medical device stocks a good buy now?

58.1% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 34.72% over the next year.

4.67% 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), 26.17% are rated D (Sell), and 2.8% 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 35.71x.
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.