Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 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 80th 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)
BVS
BIOVENTUS INC
$883.80M83,534,78521.97%78.03%Net SellingNet Selling
ELMD
ELECTROMED INC
$295.43M8,280,06417.28%82.72%Net Selling
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$512.93M22,556,26029.58%29.54%Net SellingNet Selling
LIVN
LIVANOVA PLC
$3.85B54,933,53832.73%10.20%Net SellingNet Selling
ALGN
ALIGN TECHNOLOGY INC
$11.26B71,618,12735.24%16.35%Net SellingNet Selling
PODD
INSULET CORP
$10.21B69,264,67435.47%25.43%Net SellingNet Buying
STE
STERIS PLC
$20.80B98,075,02535.51%0.95%Net SellingNet Buying
VMD
VIEMED HEALTHCARE INC
$358.45M38,336,80215.37%13.93%Net SellingNet Selling
SNN
SMITH & NEPHEW PLC
$12.96B877,724,8451.49%0.00%
CERS
CERUS CORP
$468.86M200,368,97427.85%7.91%Net SellingNet Selling
DXCM
DEXCOM INC
$23.78B385,872,97737.61%4.73%Net SellingNet Selling
PHG
KONINKLIJKE PHILIPS NV
$24.29B962,920,1322.17%0.00%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$1.10B77,796,90326.20%48.35%Net SellingNet Selling
GMED
GLOBUS MEDICAL INC
$10.40B135,744,62628.44%22.90%Net BuyingNet Buying
BRKR
BRUKER CORP
$6.53B152,225,62423.13%74.10%Net SellingNet Buying
CNMD
CONMED CORP
$1.07B30,109,19432.18%3.28%Net SellingNet Selling
ZBH
ZIMMER BIOMET HOLDINGS INC
$16.19B193,462,48231.72%31.62%Net SellingNet Selling
ATEC
ALPHATEC HOLDINGS INC
$1.18B153,789,3058.75%91.25%Net SellingNet Selling
IRMD
IRADIMED CORP
$1.10B12,783,03517.60%39.41%Net SellingNet Selling
IRTC
IRHYTHM HOLDINGS INC
$3.75B32,862,40825.19%30.64%Net SellingNet Selling
ANIK
ANIKA THERAPEUTICS INC
$198.39M13,305,62423.37%20.93%Net SellingNet Selling
GKOS
GLAUKOS CORP
$8.46B58,733,91130.09%50.00%Net BuyingNet Selling
EW
EDWARDS LIFESCIENCES CORP
$46.86B575,800,00024.82%1.26%Net SellingNet Selling
AHCO
ADAPTHEALTH CORP
$1.45B136,054,15225.78%74.22%Net BuyingNet Buying
MDT
MEDTRONIC PLC
$97.77B1,283,884,96432.72%0.59%Net SellingNet Selling
AXGN
AXOGEN INC
$2.18B53,177,82427.31%52.28%Net SellingNet Selling
BWAY
BRAINSWAY LTD
$588.66M39,165,8064.27%25.49%
MASS
908 DEVICES INC
$260.91M37,813,62119.96%70.62%Net SellingNet Selling
APYX
APYX MEDICAL CORP
$169.59M41,873,95123.32%20.02%Net BuyingNet Buying
LMRI
LUMEXA IMAGING HOLDINGS INC
$675.45M96,080,7357.29%0.43%
BSX
BOSTON SCIENTIFIC CORP
$78.30B1,486,355,17930.38%5.71%Net SellingNet Buying
SYK
STRYKER CORP
$117.60B383,360,76226.44%73.56%Net SellingNet Selling
AORT
ARTIVION INC
$1.11B48,543,35021.01%22.25%Net SellingNet Selling
NPCE
NEUROPACE INC
$523.68M34,093,74510.87%82.93%Net SellingNet Selling
VREX
VAREX IMAGING CORP
$406.69M42,100,00042.76%2.02%Net SellingNet Selling
DCTH
DELCATH SYSTEMS INC
$382.15M34,521,6479.02%70.56%Net BuyingNet Buying
BFLY
BUTTERFLY NETWORK INC
$1.00B261,269,70514.12%35.51%Net SellingNet Selling
SIBN
SI-BONE INC
$627.99M44,349,28322.41%69.16%Net SellingNet Selling
OFIX
ORTHOFIX MEDICAL INC
$485.46M40,421,65212.75%26.40%Net BuyingNet Buying
ABT
ABBOTT LABORATORIES
$147.13B1,741,812,42929.98%1.17%Net SellingNet Selling
HYPR
HYPERFINE INC
$153.87M99,270,3366.43%28.53%Net SellingNet Selling
TNDM
TANDEM DIABETES CARE INC
$878.54M68,529,08927.74%54.70%Net SellingNet Selling
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$68.44M40,979,3820.26%59.93%
INMD
INMODE LTD
$881.27M63,401,0007.71%11.96%
UFPT
UFP TECHNOLOGIES INC
$1.66B7,736,93955.50%16.62%Net SellingNet Selling
PEN
PENUMBRA INC
$12.68B39,331,42525.09%10.13%Net BuyingNet Selling
PROF
PROFOUND MEDICAL CORP
$253.27M36,337,63721.08%1.62%
SGHT
SIGHT SCIENCES INC
$270.96M54,409,94213.95%57.04%Net BuyingNet Selling
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$1.94B29,430,39023.69%19.34%Net SellingNet Selling
POAS
PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD
$72.49M28,427,0010.08%0.00%
MXCT
MAXCYTE INC
$111.41M107,121,67222.79%12.23%Net BuyingNet Selling
MOBI
MOBIA MEDICAL INC
N/A33,085,3910.00%29.38%Net BuyingNet Buying
INSP
INSPIRE MEDICAL SYSTEMS INC
$1.15B28,813,15333.89%59.86%Net SellingNet Selling
ALMR
ALAMAR BIOSCIENCES INC
$1.49B69,311,1860.00%10.67%Net BuyingNet Buying
SNWV
SANUWAVE HEALTH INC
$144.89M8,598,97611.79%24.98%Net SellingNet Selling
QTI
QT IMAGING HOLDINGS INC
$65.63M12,042,5000.47%99.53%Net BuyingNet Buying
AIDX
20/20 BIOLABS INC
$13.99M10,442,9600.08%13.40%
TLSI
TRISALUS LIFE SCIENCES INC
$164.60M61,416,5357.90%39.46%Net BuyingNet Buying
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$347.87M310,601,68827.93%7.84%Net SellingNet Selling
CTKB
CYTEK BIOSCIENCES INC
$439.73M129,142,58719.41%21.29%Net SellingNet Selling
ITGR
INTEGER HOLDINGS CORP
$2.99B33,954,83939.42%4.76%Net SellingNet Selling
QTRX
QUANTERIX CORP
$129.54M47,105,98123.65%41.25%Net BuyingNet Selling
INGN
INOGEN INC
$172.74M27,074,51616.84%31.50%Net SellingNet Selling
CBLL
CERIBELL INC
$618.47M37,942,70021.53%28.68%Net SellingNet Selling
SSII
SS INNOVATIONS INTERNATIONAL INC
$772.51M200,131,5350.26%99.74%Net BuyingNet Buying
HSDT
SOLANA CO
$126.58M55,034,0477.69%92.31%
KIDS
ORTHOPEDIATRICS CORP
$455.14M25,684,99414.23%85.77%Net SellingNet Selling
NVCR
NOVOCURE LTD
$2.04B115,820,94021.72%56.77%Net SellingNet Selling
CV
CAPSOVISION INC
$322.51M49,963,5863.10%17.75%Net BuyingNet Buying
SI
SHOULDER INNOVATIONS INC
$324.14M20,738,2266.56%58.72%Net BuyingNet Buying
ECOR
ELECTROCORE INC
$52.01M8,295,7073.00%97.00%Net BuyingNet Buying
BIO
BIO-RAD LABORATORIES INC
$6.62B26,761,59812.25%87.75%Net SellingNet Selling
CVRX
CVRX INC
$158.95M26,535,9446.54%82.26%Net SellingNet Buying
RCEL
AVITA MEDICAL INC
$140.34M30,776,6896.49%4.07%Net BuyingNet Buying
QDEL
QUIDELORTHO CORP
$703.73M68,190,98933.69%27.72%Net BuyingNet Selling
MOVE
CORVEX INC
$24.06M1,208,8570.16%99.84%Net BuyingNet Buying
RPID
RAPID MICRO BIOSYSTEMS INC
$95.57M46,169,2025.86%68.97%Net BuyingNet Selling
LUCD
LUCID DIAGNOSTICS INC
$201.24M203,066,7837.28%21.02%Net Buying
TMCI
TREACE MEDICAL CONCEPTS INC
$172.56M64,872,97617.80%69.15%Net BuyingNet Buying
OM
OUTSET MEDICAL INC
$67.29M18,537,24124.02%54.75%Net BuyingNet Buying
LUNG
PULMONX CORP
$53.64M42,237,20324.20%20.51%Net SellingNet Selling
CATX
PERSPECTIVE THERAPEUTICS INC
$439.08M114,046,1979.46%90.54%Net Buying
MYO
MYOMO INC
$35.16M38,638,65311.98%11.68%Net BuyingNet Buying
SGP
SPYGLASS PHARMA INC
$775.99M33,433,3553.83%96.17%Net Buying
TMDX
TRANSMEDICS GROUP INC
$2.18B34,560,91133.39%28.70%Net BuyingNet Selling
LNSR
LENSAR INC
$67.06M12,104,32812.05%49.94%Net SellingNet Selling
NNOX
NANO-X IMAGING LTD
$119.70M69,590,2286.08%0.58%Net Buying
FEED
ENVUE MEDICAL INC
$4.05M3,700,9080.55%28.05%Net Buying
MDAI
SPECTRAL AI INC
$77.33M31,823,9857.89%43.88%Net BuyingNet Buying
BBNX
BETA BIONICS INC
$421.55M44,561,69518.27%11.46%Net SellingNet Selling
PRCT
PROCEPT BIOROBOTICS CORP
$1.49B56,918,84428.39%31.75%Net BuyingNet Buying
CLPT
CLEARPOINT NEURO INC
$349.08M29,989,56313.84%25.58%Net SellingNet Selling
SENS
SENSEONICS HOLDINGS INC
$241.20M41,802,9651.39%98.61%Net BuyingNet Buying
STEX
STREAMEX CORP
$100.00M104,274,81712.51%20.59%Net BuyingNet Selling
RXST
RXSIGHT INC
$235.13M41,396,60919.96%30.86%Net BuyingNet Buying
ITOC
ITONIC HOLDINGS LTD
$5.18M17,050,0000.00%45.17%
AIMD
AINOS INC
$14.49M8,524,5420.16%99.84%Net BuyingNet Buying
AMIX
AUTONOMIX MEDICAL INC
$3.71M11,409,3440.58%59.11%
BJDX
BLUEJAY DIAGNOSTICS INC
$1.73M1,034,7150.00%100.00%
BBLG
BONE BIOLOGICS CORP
$2.28M1,795,2600.00%100.00%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in May 2026?

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 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 Bioventus (NASDAQ:BVS) is: Value: B, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 41, which is 12 points higher than the medical device industry average of 29.

BVS passed 13 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 61.77% over the past year, overperforming other medical device stocks by 129 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 41.78% from Bioventus's current stock price of $10.58.

Bioventus stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Bioventus, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 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: C, Growth: C, Momentum: C, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 44, which is 15 points higher than the medical device industry average of 29.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 82.51% over the past year, overperforming other medical device stocks by 150 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 6.5% from Electromed's current stock price of $35.68.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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 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 Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 59, which is 30 points higher than the medical device industry average of 29.

TCMD passed 19 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 135.65% over the past year, overperforming other medical device stocks by 203 percentage points.

Tactile Systems Technology has an average 1 year price target of $39.33, an upside of 72.97% from Tactile Systems Technology's current stock price of $22.74.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Tactile Systems Technology, 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. Koninklijke Philips Nv (NYSE:PHG)


Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 4.02%, which is 2 percentage points higher than the medical device industry average of 1.65%. Koninklijke Philips Nv's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Koninklijke Philips Nv's dividend has shown consistent growth over the last 10 years.

Koninklijke Philips Nv's dividend payout ratio of -109.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.89%, which is 1 percentage points higher than the medical device industry average of 1.65%. 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 68% indicates that its dividend yield is sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.61%, which is 1 percentage points higher than the medical device industry average of 1.65%. 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 52.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -1.08% in the last day, and down -1.21% over the last week. Qt Imaging Holdings was the among the top losers in the medical devices industry, dropping -18.78% yesterday.

QT Imaging Holdings shares are trading lower after the company announced the pricing of its $10 million offering of 2 million shares at $5 per share.

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 -5.51% in the past year. It has overperformed other stocks in the medical device industry by 62 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 71, which is 57 points higher than the medical device industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -40.55% in the past year. It has overperformed other stocks in the medical device industry by 27 percentage points.

3. Koninklijke Philips Nv (NYSE:PHG)


Koninklijke Philips Nv (NYSE:PHG) 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.

Koninklijke Philips Nv has a valuation score of 14, which is 0 points higher than the medical device industry average of 14. It passed 1 out of 7 valuation due diligence checks.

Koninklijke Philips Nv's stock has gained 3.91% in the past year. It has overperformed other stocks in the medical device industry by 71 percentage points.

Are medical device stocks a good buy now?

63.37% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 40.16% over the next year.

8.42% of medical device stocks have a Zen Rating of A (Strong Buy), 16.84% of medical device stocks are rated B (Buy), 53.68% are rated C (Hold), 18.95% are rated D (Sell), and 2.11% 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 22.36x.
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.