Sectors & Industries HealthcareMedical Instruments & Supplies
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...

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
LMAT	LEMAITRE VASCULAR INC	NASDAQ	Medical Instruments & Supplies	$1.17B	$52.70	0.71%	$45.32M	42.85x	0.16
STAA	STAAR SURGICAL CO	NASDAQ	Medical Instruments & Supplies	$1.53B	$31.36	-0.79%	$27.90M	76.49x	0.25
OSUR	ORASURE TECHNOLOGIES INC	NASDAQ	Medical Instruments & Supplies	$537.90M	$7.32	0.69%	$72.22M	11.09x	0.13
WST	WEST PHARMACEUTICAL SERVICES INC	NYSE	Medical Instruments & Supplies	$25.95B	$350.76	0.53%	$818.10M	46.71x	0.31
TFX	TELEFLEX INC	NYSE	Medical Instruments & Supplies	$10.61B	$225.69	2.01%	$798.64M	26.27x	0.74
PDEX	PRO DEX INC	NASDAQ	Medical Instruments & Supplies	$57.32M	$16.16	0.81%	$8.78M	10.63x	0.59
RMD	RESMED INC	NYSE	Medical Instruments & Supplies	$23.20B	$157.73	-0.71%	$1.37B	25.56x	0.59
HAE	HAEMONETICS CORP	NYSE	Medical Instruments & Supplies	$4.10B	$80.87	0.35%	$260.97M	31.96x	1.25
RGEN	REPLIGEN CORP	NASDAQ	Medical Instruments & Supplies	$8.78B	$157.25	-1.40%	$192.28M	75.60x	0.26
ATRI	ATRION CORP	NASDAQ	Medical Instruments & Supplies	$542.65M	$308.35	3.44%	$38.59M	25.53x	0.10
BDX	BECTON DICKINSON & CO	NYSE	Medical Instruments & Supplies	$68.59B	$236.18	0.21%	$4.36B	47.52x	1.05
MMSI	MERIT MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$4.13B	$71.56	1.27%	$221.52M	41.13x	0.47
ATRC	ATRICURE INC	NASDAQ	Medical Instruments & Supplies	$1.68B	$35.48	-0.03%	-$4.24M	-65.70x	0.30
UTMD	UTAH MEDICAL PRODUCTS INC	NASDAQ	Medical Instruments & Supplies	$305.97M	$84.30	-0.81%	$27.74M	18.09x	0.06
HOLX	HOLOGIC INC	NASDAQ	Medical Instruments & Supplies	$17.11B	$71.30	0.99%	$1.11B	38.54x	0.82
ISRG	INTUITIVE SURGICAL INC	NASDAQ	Medical Instruments & Supplies	$109.44B	$310.84	0.03%	$2.24B	71.95x	0.17
BNGO	BIONANO GENOMICS INC	NASDAQ	Medical Instruments & Supplies	$61.76M	$1.59	0.63%	-$211.87M	-0.23x	0.53
ANGO	ANGIODYNAMICS INC	NASDAQ	Medical Instruments & Supplies	$260.20M	$6.53	-1.95%	$28.72M	40.81x	0.16
ATR	APTARGROUP INC	NYSE	Medical Instruments & Supplies	$8.35B	$126.89	1.21%	$650.85M	29.51x	0.95
EKSO	EKSO BIONICS HOLDINGS INC	NASDAQ	Medical Instruments & Supplies	$24.91M	$1.75	2.94%	-$13.57M	-1.56x	1.04
NYXH	NYXOAH SA	NASDAQ	Medical Instruments & Supplies	$148.61M	$5.19	1.67%	-$44.90M	-2.89x	0.24
NEPH	NEPHROS INC	NASDAQ	Medical Instruments & Supplies	$24.01M	$2.29	0.00%	-$1.62M	-12.72x	0.27
NVST	ENVISTA HOLDINGS CORP	NYSE	Medical Instruments & Supplies	$3.89B	$22.69	-0.44%	$464.70M	19.39x	0.56
BAX	BAXTER INTERNATIONAL INC	NYSE	Medical Instruments & Supplies	$18.30B	$36.08	-0.88%	$4.20B	7.03x	2.78
SMTI	SANARA MEDTECH INC	NASDAQ	Medical Instruments & Supplies	$276.65M	$32.40	0.28%	-$4.16M	-32.40x	0.71
KRMD	KORU MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$103.21M	$2.26	-1.53%	-$9.42M	-13.29x	0.29
HBIO	HARVARD BIOSCIENCE INC	NASDAQ	Medical Instruments & Supplies	$181.85M	$4.26	-1.84%	$8.53M	-53.25x	0.88
EMBC	EMBECTA CORP	NASDAQ	Medical Instruments & Supplies	$1.05B	$18.34	1.33%	$245.30M	14.91x	-2.48
AKYA	AKOYA BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$215.44M	$4.39	-4.57%	-$54.36M	-2.49x	1.86
ALC	ALCON INC	NYSE	Medical Instruments & Supplies	$37.30B	$75.63	1.30%	$1.99B	84.03x	0.46
ICUI	ICU MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$2.12B	$87.76	3.69%	$274.29M	-75.66x	1.09
AZTA	AZENTA INC	NASDAQ	Medical Instruments & Supplies	$3.90B	$56.37	-0.02%	$53.78M	-256.23x	0.14
WRBY	WARBY PARKER INC	NYSE	Medical Instruments & Supplies	$1.22B	$10.41	-2.80%	-$33.36M	-18.93x	0.89
AVGR	AVINGER INC	NASDAQ	Medical Instruments & Supplies	$3.97M	$2.90	1.58%	-$15.53M	-0.09x	-14.18
COO	COOPER COMPANIES INC	NASDAQ	Medical Instruments & Supplies	$16.69B	$336.92	1.61%	$876.90M	60.49x	0.55
POCI	PRECISION OPTICS CORPORATION INC	NASDAQ	Medical Instruments & Supplies	$35.79M	$5.90	-1.83%	$108.40k	-98.33x	0.63
STVN	STEVANATO GROUP SPA	NYSE	Medical Instruments & Supplies	$7.80B	$26.39	1.46%	$314.76M	44.80x	0.76
PLSE	PULSE BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$496.57M	$9.03	-2.27%	-$36.86M	-10.15x	0.27
BLFS	BIOLIFE SOLUTIONS INC	NASDAQ	Medical Instruments & Supplies	$544.67M	$12.37	-1.12%	-$85.29M	-5.15x	0.24
INFU	INFUSYSTEM HOLDINGS INC	NYSEMKT	Medical Instruments & Supplies	$212.47M	$10.03	-0.50%	$16.24M	334.33x	0.98
NXGL	NEXGEL INC	NASDAQ	Medical Instruments & Supplies	$10.81M	$1.89	5.00%	-$2.37M	-3.94x	0.65
GCTK	GLUCOTRACK INC	NASDAQ	Medical Instruments & Supplies	$4.91M	$0.24	7.31%	-$4.78M	-0.65x	0.30
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	NASDAQ	Medical Instruments & Supplies	$43.57M	$1.82	2.82%	N/A	6.74x	0.17
XRAY	DENTSPLY SIRONA INC	NASDAQ	Medical Instruments & Supplies	$6.73B	$31.75	1.34%	$195.00M	-31.75x	1.14
STXS	STEREOTAXIS INC	NYSEMKT	Medical Instruments & Supplies	$133.46M	$1.65	3.77%	-$19.51M	-6.11x	1.08
BLCO	BAUSCH & LOMB CORP	NYSE	Medical Instruments & Supplies	$5.41B	$15.41	1.12%	$469.00M	-26.12x	0.91
POAI	PREDICTIVE ONCOLOGY INC	NASDAQ	Medical Instruments & Supplies	$13.29M	$3.27	5.83%	-$17.51M	-0.71x	0.56
FEMY	FEMASYS INC	NASDAQ	Medical Instruments & Supplies	$20.61M	$0.95	-2.56%	-$11.83M	-0.98x	0.42
MBOT	MICROBOT MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$14.75M	$1.26	0.00%	-$10.48M	-1.05x	0.21
OMIC	SINGULAR GENOMICS SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$28.77M	$0.39	2.89%	-$84.33M	-0.30x	0.43
MLSS	MILESTONE SCIENTIFIC INC	NYSEMKT	Medical Instruments & Supplies	$59.96M	$0.84	0.48%	-$6.91M	-9.38x	0.50
STSS	SHARPS TECHNOLOGY INC	NASDAQ	Medical Instruments & Supplies	$7.18M	$0.47	4.44%	-$6.67M	-0.70x	0.36
RVP	RETRACTABLE TECHNOLOGIES INC	NYSEMKT	Medical Instruments & Supplies	$34.13M	$1.14	-0.87%	-$3.92M	-3.08x	0.83
LUCY	INNOVATIVE EYEWEAR INC	NASDAQ	Medical Instruments & Supplies	$5.55M	$0.43	3.61%	-$6.06M	-0.60x	0.06
NSTG	NANOSTRING TECHNOLOGIES INC	NASDAQ	Medical Instruments & Supplies	$23.91M	$0.50	-1.39%	-$139.88M	-0.14x	-6.43
ZTEK	ZENTEK LTD	NASDAQ	Medical Instruments & Supplies	$126.10M	$1.25	7.76%	-$8.60M	-5.95x	0.10
ZJYL	JIN MEDICAL INTERNATIONAL LTD	NASDAQ	Medical Instruments & Supplies	$192.48M	$24.06	1.73%	N/A	N/A	0.32

Medical Stocks FAQ

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

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

1. Lemaitre Vascular (NASDAQ:LMAT)

Lemaitre Vascular (NASDAQ:LMAT) is the top medical stock with a Zen Score of 56, which is 26 points higher than the medical industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Lemaitre Vascular has seen its stock return 12.49% over the past year, overperforming other medical stocks by 25 percentage points.

Lemaitre Vascular has an average 1 year price target of $67.60, an upside of 28.27% from Lemaitre Vascular's current stock price of $52.70.

Lemaitre Vascular stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lemaitre Vascular, 20% have issued a Strong Buy rating, 60% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Staar Surgical Co (NASDAQ:STAA)

Staar Surgical Co (NASDAQ:STAA) is the second best medical stock with a Zen Score of 54, which is 24 points higher than the medical industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Staar Surgical Co has seen its stock lose -45.09% over the past year, underperforming other medical stocks by -33 percentage points.

Staar Surgical Co has an average 1 year price target of $49.83, an upside of 58.91% from Staar Surgical Co's current stock price of $31.36.

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

3. Orasure Technologies (NASDAQ:OSUR)

Orasure Technologies (NASDAQ:OSUR) is the third best medical stock with a Zen Score of 51, which is 21 points higher than the medical industry average of 30. It passed 16 out of 33 due diligence checks and has strong fundamentals. Orasure Technologies has seen its stock return 45.24% over the past year, overperforming other medical stocks by 58 percentage points.

Orasure Technologies has an average 1 year price target of $5.00, a downside of -31.69% from Orasure Technologies's current stock price of $7.32.

Orasure Technologies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Orasure Technologies, 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.

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 3.22%, which is 2 percentage points higher than the medical industry average of 1.32%. 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 22.6% indicates that its dividend yield is sustainable for the long-term.

2. Atrion (NASDAQ:ATRI)

Atrion (NASDAQ:ATRI) has an annual dividend yield of 2.82%, which is 2 percentage points higher than the medical industry average of 1.32%. Atrion's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Atrion's dividend has shown consistent growth over the last 10 years.

Atrion's dividend payout ratio of 71.6% 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 1.72%, which is the same as the medical industry average of 1.32%. 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 -54.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical stocks up?

Medical stocks were up 0.85% in the last day, and down -0.56% 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. Pro Dex (NASDAQ:PDEX)

Pro Dex (NASDAQ:PDEX) is the most undervalued medical stock based on WallStreetZen's Valuation Score. Pro Dex has a valuation score of 71, which is 49 points higher than the medical industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Pro Dex's stock has dropped -8.23% in the past year. It has overperformed other stocks in the medical industry by 4 percentage points.

2. Teleflex (NYSE:TFX)

Teleflex (NYSE:TFX) is the second most undervalued medical stock based on WallStreetZen's Valuation Score. Teleflex has a valuation score of 57, which is 35 points higher than the medical industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Teleflex's stock has dropped -3.6% in the past year. It has overperformed other stocks in the medical industry by 9 percentage points.

3. Envista Holdings (NYSE:NVST)

Envista Holdings (NYSE:NVST) is the third most undervalued medical stock based on WallStreetZen's Valuation Score. Envista Holdings has a valuation score of 57, which is 35 points higher than the medical industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Envista Holdings's stock has dropped -33.5% in the past year. It has underperformed other stocks in the medical industry by -21 percentage points.

Are medical stocks a good buy now?

52.63% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 22.55% 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 46.71x.

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.