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Best Medical Stocks to Buy Now (2023)
Top medical stocks in 2023 ranked by overall Zen Score. See the best medical stocks to buy now, according to analyst forecasts for the medical instruments & supplies industry.

Industry: Medical Instruments & Sup...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
STAA
STAAR SURGICAL CO
NASDAQ
Medical Instruments & Supplies
$3.47B$71.902.83%$49.68M92.18x0.23
RGEN
REPLIGEN CORP
NASDAQ
Medical Instruments & Supplies
$10.84B$195.151.09%$252.76M65.05x0.34
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$19.89B$268.62-0.54%$883.30M31.86x0.34
MMSI
MERIT MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$3.98B$69.940.60%$170.74M64.17x0.50
ALC
ALCON INC
NYSE
Medical Instruments & Supplies
$36.78B$74.80-0.17%$1.87B64.48x0.42
ZTEK
ZENTEK LTD
NASDAQ
Medical Instruments & Supplies
$149.30M$1.501.35%-$30.00M4.37x0.10
ECOR
ELECTROCORE INC
NASDAQ
Medical Instruments & Supplies
$25.98M$0.37-4.45%-$21.19M-1.18x0.33
UTMD
UTAH MEDICAL PRODUCTS INC
NASDAQ
Medical Instruments & Supplies
$324.02M$89.320.64%$27.35M20.25x0.10
RVP
RETRACTABLE TECHNOLOGIES INC
NYSEMKT
Medical Instruments & Supplies
$64.56M$1.960.51%$40.21M2.18x0.84
RMD
RESMED INC
NYSE
Medical Instruments & Supplies
$32.99B$224.59-3.26%$1.21B40.61x0.79
MASI
MASIMO CORP
NASDAQ
Medical Instruments & Supplies
$9.01B$171.390.81%$280.21M54.76x1.44
EKSO
EKSO BIONICS HOLDINGS INC
NASDAQ
Medical Instruments & Supplies
$23.13M$1.761.15%-$13.88M-1.53x0.37
HAE
HAEMONETICS CORP
NYSE
Medical Instruments & Supplies
$4.31B$85.18-3.09%$227.41M50.70x1.56
LMAT
LEMAITRE VASCULAR INC
NASDAQ
Medical Instruments & Supplies
$1.01B$45.88-0.15%$38.15M47.30x0.16
BLFS
BIOLIFE SOLUTIONS INC
NASDAQ
Medical Instruments & Supplies
$1.01B$23.50-1.26%-$92.02M-9.44x0.20
POAI
PREDICTIVE ONCOLOGY INC
NASDAQ
Medical Instruments & Supplies
$35.83M$0.467.31%-$24.89M-1.20x0.12
ATRI
ATRION CORP
NASDAQ
Medical Instruments & Supplies
$1.16B$653.002.25%$54.15M33.66x0.10
FEMY
FEMASYS INC
NASDAQ
Medical Instruments & Supplies
$14.55M$1.234.41%-$9.94M-1.56x0.11
ISRG
INTUITIVE SURGICAL INC
NASDAQ
Medical Instruments & Supplies
$87.38B$247.26-1.31%$2.02B64.06x0.15
TFX
TELEFLEX INC
NYSE
Medical Instruments & Supplies
$11.44B$243.861.18%$757.03M27.68x0.74
BDX
BECTON DICKINSON & CO
NYSE
Medical Instruments & Supplies
$71.36B$251.821.08%$4.55B42.47x1.09
HOLX
HOLOGIC INC
NASDAQ
Medical Instruments & Supplies
$20.35B$82.79-0.17%$2.11B15.98x0.86
COO
COOPER COMPANIES INC
NYSE
Medical Instruments & Supplies
$17.00B$344.48-1.33%$910.90M43.99x0.60
NVST
ENVISTA HOLDINGS CORP
NYSE
Medical Instruments & Supplies
$6.25B$38.341.32%$486.60M24.42x0.62
NURO
NEUROMETRIX INC
NASDAQ
Medical Instruments & Supplies
$14.66M$1.892.72%-$4.72M-2.66x0.09
PLSE
PULSE BIOSCIENCES INC
NASDAQ
Medical Instruments & Supplies
$119.50M$3.211.90%-$64.70M-1.58x13.15
ATRC
ATRICURE INC
NASDAQ
Medical Instruments & Supplies
$2.01B$43.300.35%-$39.71M-35.20x0.29
PDEX
PRO DEX INC
NASDAQ
Medical Instruments & Supplies
$60.47M$16.89-2.93%$5.85M15.79x0.96
ANGO
ANGIODYNAMICS INC
NASDAQ
Medical Instruments & Supplies
$508.35M$12.99-0.08%-$934.00k-15.65x0.37
NEPH
NEPHROS INC
NASDAQ
Medical Instruments & Supplies
$13.62M$1.320.00%-$7.16M-1.81x0.28
STVN
STEVANATO GROUP SPA
NYSE
Medical Instruments & Supplies
$6.01B$20.32-0.88%$270.75M37.98x0.69
SMTI
SANARA MEDTECH INC
NASDAQ
Medical Instruments & Supplies
$341.70M$41.15-1.41%-$10.92M-27.62x0.37
OMIC
SINGULAR GENOMICS SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$197.77M$2.770.73%-$84.15M-2.69x0.25
KRMD
KORU MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$177.04M$3.91-0.76%-$9.22M-21.72x0.31
MHUA
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD
NASDAQ
Medical Instruments & Supplies
$303.25M$12.13-10.08%N/A14.44x0.16
AKYA
AKOYA BIOSCIENCES INC
NASDAQ
Medical Instruments & Supplies
$417.89M$11.011.19%-$59.23M-5.86x1.35
ISR
ISORAY INC
NYSEMKT
Medical Instruments & Supplies
$42.49M$0.301.36%-$8.80M-4.98x0.08
NXGL
NEXGEL INC
NASDAQ
Medical Instruments & Supplies
$7.58M$1.36-0.73%-$3.53M-1.19x0.37
OSUR
ORASURE TECHNOLOGIES INC
NASDAQ
Medical Instruments & Supplies
$384.17M$5.291.93%-$26.23M-8.67x0.26
WRBY
WARBY PARKER INC
NYSE
Medical Instruments & Supplies
$1.93B$16.731.58%-$105.90M-16.09x0.94
HBIO
HARVARD BIOSCIENCE INC
NASDAQ
Medical Instruments & Supplies
$123.31M$2.963.14%$2.41M-17.41x1.04
ICUI
ICU MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$4.62B$192.482.85%$203.09M-124.99x1.21
IRTC
IRHYTHM TECHNOLOGIES INC
NASDAQ
Medical Instruments & Supplies
$3.02B$100.313.17%-$105.21M-23.17x0.84
NVCR
NOVOCURE LTD
NASDAQ
Medical Instruments & Supplies
$9.54B$90.900.94%-$59.35M-118.05x1.64
MLSS
MILESTONE SCIENTIFIC INC
NYSEMKT
Medical Instruments & Supplies
$52.70M$0.768.63%-$7.78M-6.29x0.36
NYXH
NYXOAH SA
NASDAQ
Medical Instruments & Supplies
$136.59M$5.30-3.81%N/AN/A0.23
GKOS
GLAUKOS CORP
NYSE
Medical Instruments & Supplies
$2.29B$48.04-0.29%-$40.25M-25.28x0.84
MYMD
MYMD PHARMACEUTICALS INC
NASDAQ
Medical Instruments & Supplies
$64.34M$1.638.67%-$15.39M-4.53x0.10
XRAY
DENTSPLY SIRONA INC
NASDAQ
Medical Instruments & Supplies
$7.95B$37.000.38%-$520.00M-9.71x1.08
STE
STERIS PLC
NYSE
Medical Instruments & Supplies
$20.57B$206.100.58%$774.68M-2,576.25x0.81
GCTK
GLUCOTRACK INC
NASDAQ
Medical Instruments & Supplies
$19.96M$1.290.00%-$4.63M-4.45x0.49
LUCY
INNOVATIVE EYEWEAR INC
NASDAQ
Medical Instruments & Supplies
$10.45M$1.43-3.38%N/AN/A0.15
MBOT
MICROBOT MEDICAL INC
NASDAQ
Medical Instruments & Supplies
$25.17M$3.190.63%-$13.97M-1.62x0.34
STSS
SHARPS TECHNOLOGY INC
NASDAQ
Medical Instruments & Supplies
$12.79M$1.36-2.16%N/AN/A0.39
GMVD
G MEDICAL INNOVATIONS HOLDINGS LTD
NASDAQ
Medical Instruments & Supplies
$2.09M$3.000.33%$44.41M-0.00x-2.75
INFU
INFUSYSTEM HOLDINGS INC
NYSEMKT
Medical Instruments & Supplies
$201.81M$9.77-0.71%$16.03M977.00x1.07
BAX
BAXTER INTERNATIONAL INC
NYSE
Medical Instruments & Supplies
$23.19B$46.00-0.35%-$640.00M-9.77x4.04
BLCO
BAUSCH & LOMB CORP
NYSE
Medical Instruments & Supplies
$6.02B$17.200.41%N/AN/A0.58

Medical Stocks FAQ

What are the best medical stocks to buy right now in Jan 2023?

According to Zen Score, the 3 best medical stocks to buy right now are:

1. Staar Surgical Co (NASDAQ:STAA)


Staar Surgical Co (NASDAQ:STAA) is the top medical stock with a Zen Score of 69, which is 37 points higher than the medical industry average of 32. It passed 23 out of 33 due diligence checks and has strong fundamentals. Staar Surgical Co has seen its stock return 9.96% over the past year, overperforming other medical stocks by 19 percentage points.

Staar Surgical Co has an average 1 year price target of $89.22, an upside of 24.09% from Staar Surgical Co's current stock price of $71.90.

Staar Surgical Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Staar Surgical Co, 80% have issued a Strong Buy rating, 10% have issued a Buy, 10% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Repligen (NASDAQ:RGEN)


Repligen (NASDAQ:RGEN) is the second best medical stock with a Zen Score of 52, which is 20 points higher than the medical industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Repligen has seen its stock return 10.21% over the past year, overperforming other medical stocks by 19 percentage points.

Repligen has an average 1 year price target of $219.67, an upside of 12.56% from Repligen's current stock price of $195.15.

Repligen stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Repligen, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Merit Medical Systems (NASDAQ:MMSI)


Merit Medical Systems (NASDAQ:MMSI) is the third best medical stock with a Zen Score of 51, which is 19 points higher than the medical industry average of 32. It passed 16 out of 33 due diligence checks and has strong fundamentals. Merit Medical Systems has seen its stock return 32.84% over the past year, overperforming other medical stocks by 42 percentage points.

Merit Medical Systems has an average 1 year price target of $72.33, an upside of 3.42% from Merit Medical Systems's current stock price of $69.94.

Merit Medical Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Merit Medical Systems, 0% have issued a Strong Buy rating, 66.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical stocks with highest dividends?

Out of 11 medical stocks that have issued dividends in the past year, the 3 medical stocks with the highest dividend yields are:

1. Baxter International (NYSE:BAX)


Baxter International (NYSE:BAX) has an annual dividend yield of 2.5%, which is 1 percentage points higher than the medical industry average of 1.04%. Baxter International's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Baxter International's dividend has not shown consistent growth over the last 10 years.

Baxter International's dividend payout ratio of -24.2% indicates that its dividend yield might not be sustainable for the long-term.

2. Becton Dickinson & Co (NYSE:BDX)


Becton Dickinson & Co (NYSE:BDX) has an annual dividend yield of 1.4%, which is the same as the medical industry average of 1.04%. Becton Dickinson & Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Becton Dickinson & Co's dividend has shown consistent growth over the last 10 years.

Becton Dickinson & Co's dividend payout ratio of 58.7% indicates that its dividend yield is sustainable for the long-term.

3. Dentsply Sirona (NASDAQ:XRAY)


Dentsply Sirona (NASDAQ:XRAY) has an annual dividend yield of 1.35%, which is the same as the medical industry average of 1.04%. Dentsply Sirona's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Dentsply Sirona's dividend has shown consistent growth over the last 10 years.

Dentsply Sirona's dividend payout ratio of -12.7% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical stocks up?

Medical stocks were up 0.36% in the last day, and down -0.38% over the last week.

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

What are the most undervalued medical stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued medical stocks right now are:

1. Retractable Technologies (NYSEMKT:RVP)


Retractable Technologies (NYSEMKT:RVP) is the most undervalued medical stock based on WallStreetZen's Valuation Score. Retractable Technologies has a valuation score of 71, which is 45 points higher than the medical industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Retractable Technologies's stock has dropped -61.87% in the past year. It has underperformed other stocks in the medical industry by -53 percentage points.

2. Pro Dex (NASDAQ:PDEX)


Pro Dex (NASDAQ:PDEX) is the second most undervalued medical stock based on WallStreetZen's Valuation Score. Pro Dex has a valuation score of 57, which is 31 points higher than the medical industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Pro Dex's stock has dropped -32% in the past year. It has underperformed other stocks in the medical industry by -23 percentage points.

3. Zentek (NASDAQ:ZTEK)


Zentek (NASDAQ:ZTEK) is the third most undervalued medical stock based on WallStreetZen's Valuation Score. Zentek has a valuation score of 57, which is 31 points higher than the medical industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Are medical stocks a good buy now?

57.78% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 16.48% over the next year.

What is the average p/e ratio of the medical instruments & supplies industry?

The average P/E ratio of the medical instruments & supplies industry is -89.11x.
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.