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
STAA	STAAR SURGICAL CO	NASDAQ	Medical Instruments & Supplies	$3.47B	$71.90	2.83%	$49.68M	92.18x	0.23
RGEN	REPLIGEN CORP	NASDAQ	Medical Instruments & Supplies	$10.84B	$195.15	1.09%	$252.76M	65.05x	0.34
WST	WEST PHARMACEUTICAL SERVICES INC	NYSE	Medical Instruments & Supplies	$19.89B	$268.62	-0.54%	$883.30M	31.86x	0.34
MMSI	MERIT MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$3.98B	$69.94	0.60%	$170.74M	64.17x	0.50
ALC	ALCON INC	NYSE	Medical Instruments & Supplies	$36.78B	$74.80	-0.17%	$1.87B	64.48x	0.42
ZTEK	ZENTEK LTD	NASDAQ	Medical Instruments & Supplies	$149.30M	$1.50	1.35%	-$30.00M	4.37x	0.10
ECOR	ELECTROCORE INC	NASDAQ	Medical Instruments & Supplies	$25.98M	$0.37	-4.45%	-$21.19M	-1.18x	0.33
UTMD	UTAH MEDICAL PRODUCTS INC	NASDAQ	Medical Instruments & Supplies	$324.02M	$89.32	0.64%	$27.35M	20.25x	0.10
RVP	RETRACTABLE TECHNOLOGIES INC	NYSEMKT	Medical Instruments & Supplies	$64.56M	$1.96	0.51%	$40.21M	2.18x	0.84
RMD	RESMED INC	NYSE	Medical Instruments & Supplies	$32.99B	$224.59	-3.26%	$1.21B	40.61x	0.79
MASI	MASIMO CORP	NASDAQ	Medical Instruments & Supplies	$9.01B	$171.39	0.81%	$280.21M	54.76x	1.44
EKSO	EKSO BIONICS HOLDINGS INC	NASDAQ	Medical Instruments & Supplies	$23.13M	$1.76	1.15%	-$13.88M	-1.53x	0.37
HAE	HAEMONETICS CORP	NYSE	Medical Instruments & Supplies	$4.31B	$85.18	-3.09%	$227.41M	50.70x	1.56
LMAT	LEMAITRE VASCULAR INC	NASDAQ	Medical Instruments & Supplies	$1.01B	$45.88	-0.15%	$38.15M	47.30x	0.16
BLFS	BIOLIFE SOLUTIONS INC	NASDAQ	Medical Instruments & Supplies	$1.01B	$23.50	-1.26%	-$92.02M	-9.44x	0.20
POAI	PREDICTIVE ONCOLOGY INC	NASDAQ	Medical Instruments & Supplies	$35.83M	$0.46	7.31%	-$24.89M	-1.20x	0.12
ATRI	ATRION CORP	NASDAQ	Medical Instruments & Supplies	$1.16B	$653.00	2.25%	$54.15M	33.66x	0.10
FEMY	FEMASYS INC	NASDAQ	Medical Instruments & Supplies	$14.55M	$1.23	4.41%	-$9.94M	-1.56x	0.11
ISRG	INTUITIVE SURGICAL INC	NASDAQ	Medical Instruments & Supplies	$87.38B	$247.26	-1.31%	$2.02B	64.06x	0.15
TFX	TELEFLEX INC	NYSE	Medical Instruments & Supplies	$11.44B	$243.86	1.18%	$757.03M	27.68x	0.74
BDX	BECTON DICKINSON & CO	NYSE	Medical Instruments & Supplies	$71.36B	$251.82	1.08%	$4.55B	42.47x	1.09
HOLX	HOLOGIC INC	NASDAQ	Medical Instruments & Supplies	$20.35B	$82.79	-0.17%	$2.11B	15.98x	0.86
COO	COOPER COMPANIES INC	NYSE	Medical Instruments & Supplies	$17.00B	$344.48	-1.33%	$910.90M	43.99x	0.60
NVST	ENVISTA HOLDINGS CORP	NYSE	Medical Instruments & Supplies	$6.25B	$38.34	1.32%	$486.60M	24.42x	0.62
NURO	NEUROMETRIX INC	NASDAQ	Medical Instruments & Supplies	$14.66M	$1.89	2.72%	-$4.72M	-2.66x	0.09
PLSE	PULSE BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$119.50M	$3.21	1.90%	-$64.70M	-1.58x	13.15
ATRC	ATRICURE INC	NASDAQ	Medical Instruments & Supplies	$2.01B	$43.30	0.35%	-$39.71M	-35.20x	0.29
PDEX	PRO DEX INC	NASDAQ	Medical Instruments & Supplies	$60.47M	$16.89	-2.93%	$5.85M	15.79x	0.96
ANGO	ANGIODYNAMICS INC	NASDAQ	Medical Instruments & Supplies	$508.35M	$12.99	-0.08%	-$934.00k	-15.65x	0.37
NEPH	NEPHROS INC	NASDAQ	Medical Instruments & Supplies	$13.62M	$1.32	0.00%	-$7.16M	-1.81x	0.28
STVN	STEVANATO GROUP SPA	NYSE	Medical Instruments & Supplies	$6.01B	$20.32	-0.88%	$270.75M	37.98x	0.69
SMTI	SANARA MEDTECH INC	NASDAQ	Medical Instruments & Supplies	$341.70M	$41.15	-1.41%	-$10.92M	-27.62x	0.37
OMIC	SINGULAR GENOMICS SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$197.77M	$2.77	0.73%	-$84.15M	-2.69x	0.25
KRMD	KORU MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$177.04M	$3.91	-0.76%	-$9.22M	-21.72x	0.31
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	NASDAQ	Medical Instruments & Supplies	$303.25M	$12.13	-10.08%	N/A	14.44x	0.16
AKYA	AKOYA BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$417.89M	$11.01	1.19%	-$59.23M	-5.86x	1.35
ISR	ISORAY INC	NYSEMKT	Medical Instruments & Supplies	$42.49M	$0.30	1.36%	-$8.80M	-4.98x	0.08
NXGL	NEXGEL INC	NASDAQ	Medical Instruments & Supplies	$7.58M	$1.36	-0.73%	-$3.53M	-1.19x	0.37
OSUR	ORASURE TECHNOLOGIES INC	NASDAQ	Medical Instruments & Supplies	$384.17M	$5.29	1.93%	-$26.23M	-8.67x	0.26
WRBY	WARBY PARKER INC	NYSE	Medical Instruments & Supplies	$1.93B	$16.73	1.58%	-$105.90M	-16.09x	0.94
HBIO	HARVARD BIOSCIENCE INC	NASDAQ	Medical Instruments & Supplies	$123.31M	$2.96	3.14%	$2.41M	-17.41x	1.04
ICUI	ICU MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$4.62B	$192.48	2.85%	$203.09M	-124.99x	1.21
IRTC	IRHYTHM TECHNOLOGIES INC	NASDAQ	Medical Instruments & Supplies	$3.02B	$100.31	3.17%	-$105.21M	-23.17x	0.84
NVCR	NOVOCURE LTD	NASDAQ	Medical Instruments & Supplies	$9.54B	$90.90	0.94%	-$59.35M	-118.05x	1.64
MLSS	MILESTONE SCIENTIFIC INC	NYSEMKT	Medical Instruments & Supplies	$52.70M	$0.76	8.63%	-$7.78M	-6.29x	0.36
NYXH	NYXOAH SA	NASDAQ	Medical Instruments & Supplies	$136.59M	$5.30	-3.81%	N/A	N/A	0.23
GKOS	GLAUKOS CORP	NYSE	Medical Instruments & Supplies	$2.29B	$48.04	-0.29%	-$40.25M	-25.28x	0.84
MYMD	MYMD PHARMACEUTICALS INC	NASDAQ	Medical Instruments & Supplies	$64.34M	$1.63	8.67%	-$15.39M	-4.53x	0.10
XRAY	DENTSPLY SIRONA INC	NASDAQ	Medical Instruments & Supplies	$7.95B	$37.00	0.38%	-$520.00M	-9.71x	1.08
STE	STERIS PLC	NYSE	Medical Instruments & Supplies	$20.57B	$206.10	0.58%	$774.68M	-2,576.25x	0.81
GCTK	GLUCOTRACK INC	NASDAQ	Medical Instruments & Supplies	$19.96M	$1.29	0.00%	-$4.63M	-4.45x	0.49
LUCY	INNOVATIVE EYEWEAR INC	NASDAQ	Medical Instruments & Supplies	$10.45M	$1.43	-3.38%	N/A	N/A	0.15
MBOT	MICROBOT MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$25.17M	$3.19	0.63%	-$13.97M	-1.62x	0.34
STSS	SHARPS TECHNOLOGY INC	NASDAQ	Medical Instruments & Supplies	$12.79M	$1.36	-2.16%	N/A	N/A	0.39
GMVD	G MEDICAL INNOVATIONS HOLDINGS LTD	NASDAQ	Medical Instruments & Supplies	$2.09M	$3.00	0.33%	$44.41M	-0.00x	-2.75
INFU	INFUSYSTEM HOLDINGS INC	NYSEMKT	Medical Instruments & Supplies	$201.81M	$9.77	-0.71%	$16.03M	977.00x	1.07
BAX	BAXTER INTERNATIONAL INC	NYSE	Medical Instruments & Supplies	$23.19B	$46.00	-0.35%	-$640.00M	-9.77x	4.04
BLCO	BAUSCH & LOMB CORP	NYSE	Medical Instruments & Supplies	$6.02B	$17.20	0.41%	N/A	N/A	0.58

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.