What is US FDA medical device classification?

US FDA medical device classification groups devices into Class I, Class II or Class III based largely on risk and the level of regulatory control required. Different classifications can follow different review and compliance requirements.

What are US medical device regulations?

US medical device regulations cover areas such as product classification, premarket review, manufacturing quality, labelling, reporting and post-market surveillance. Requirements vary depending on the device type and regulatory pathway.

Who are the top 5 Medical Device companies?

As of 3rd September 2026, the top medical device companies by market capitalisation include: Abbott Laboratories Stryker Corporation Medtronic PLC Boston Scientific Corp GE HealthCare Technologies Inc. Disclaimer: The above top 5 medical device brands in USA are for educational purposes only and do not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing in any US medical device brands from India.

What is the outlook for US Medical Device stocks?

The outlook is broadly positive, with the global medical devices market projected to grow at a CAGR of roughly 6.3% through 2035, supported by faster growth in AI-enabled devices and surgical robotics. At the same time, company-specific risks such as Boston Scientific's 2026 cybersecurity incident and product recalls illustrate that individual company performance can diverge meaningfully from broader industry growth trends. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Are US Medical Device stocks risky for Indian investors?

Like any healthcare technology investment, US medical device stocks carry risks, including cybersecurity and operational disruptions, product recalls, input cost and tariff pressures, and intense competition in high-growth categories. Indian investors should also factor in currency movement between the rupee and the US dollar.

Can beginners invest in US Medical Device stocks?

Yes, beginners can invest in US medical device stocks from India through platforms like Tickertape, which allow fractional-share investing starting with a small amount. This makes it possible to build exposure gradually rather than committing a large sum to a single company. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.

How to invest in US Medical Device stocks from India?

Investors in India can access US Medical Device stocks through Tickertape. The process generally involves: Create an account: Open a US investing account on Tickertape. Explore Medical Device stocks: Compare companies across athletic, performance, casual and lifestyle Medical Device categories. Complete KYC: Verify your identity and submit the required documents. Link a bank account: Connect an eligible bank account for LRS remittances. Add funds: Transfer money to your US investing account. Place an order: Select a Medical Device stock and place an order, including fractional orders where available.

What are the advantages of investing in US Medical Device stocks?

Advantages include exposure to a large, steadily growing global healthcare market, faster-growing sub-segments such as AI-enabled devices and surgical robotics, and generally defensive, non-discretionary demand tied to ageing populations and chronic disease treatment. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.

What is the difference between individual US Medical Device stocks and Medical Device-focused ETFs?

Individual medical device stocks provide targeted exposure to a specific company's product portfolio, pipeline, and competitive position, while a healthcare- or MedTech-focused ETF spreads investment across multiple medical device companies. This can reduce single-stock risk but also dilutes exposure to any one company's specific growth story.

What metrics are commonly used to evaluate US Medical Device stocks?

Commonly used metrics include revenue growth by segment, gross and operating margins, R&D spending as a share of revenue, price-to-earnings (P/E) ratio and free cash flow. Given recent developments in the sector, some investors are also monitoring companies' cybersecurity disclosures and recall history as part of their risk assessment. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.

Do US Medical Device stocks pay dividends?

Some do. Abbott Laboratories, Stryker and Medtronic have all paid regular dividends, with Medtronic offering a dividend yield above 3%. Boston Scientific, by contrast, currently does not pay a dividend, reinvesting cash flow into growth and, more recently, addressing its operational recovery from the 2026 cybersecurity incident. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

US Medical Devices Stocks: Leading US Medical Devices Companies in 2026

Q: What are US Medical Device stocks?

US medical device stocks are shares of companies that develop and sell healthcare equipment, implants, diagnostic systems and surgical technologies. They include diversified MedTech companies as well as specialised device manufacturers.

Q: How can I compare US Medical Device stocks on Tickertape?

You can use the Tickertape US Stock Screener to compare medical device stocks across valuation, profitability, growth, financial health and other metrics, and create a watchlist to track your shortlisted companies.

The global medical devices market is valued at roughly $623 bn in 2026 and continues to grow steadily, even as the industry navigates a wave of AI-enabled diagnostics, surgical robotics and, for at least one major player, a disruptive cybersecurity incident. In this article, we cover the US medical device stocks that might benefit from this environment, along with an overview of the top medical device companies available to explore on Tickertape US Stocks.

List of US Medical Devices Stocks in 2026

US Medical Device Stocks

Explore US medical device stocks involved in the development and manufacturing of medical equipment, surgical instruments and other healthcare technologies. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 20 of 145 results

last updated at 8:30 AM IST

	NameUS Stocks (145)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE Ratio (TTM)PE Ratio (TTM)↓	↓1M Return1M Return↓	↓1D Return1D Return↓	↓Return on EquityReturn on Equity↓	↓PB RatioPB Ratio↓
1.	Abbott Laboratories ABT	Medical DevicesMedical Devices	1,68,712.371,68,712.37	97.5097.50	31.5531.55	-7.60-7.60	2.722.72	10.5810.58	3.503.50
2.	Medtronic PLC MDT	Medical DevicesMedical Devices	1,10,491.931,10,491.93	87.9787.97	21.2821.28	-4.78-4.78	1.831.83	10.6510.65	2.272.27
3.	Stryker Corporation SYK	Medical DevicesMedical Devices	1,05,647.521,05,647.52	285.22285.22	28.5728.57	3.183.18	3.603.60	16.5116.51	4.404.40
4.	Boston Scientific Corp BSX	Medical DevicesMedical Devices	61,737.1861,737.18	42.4042.40	17.2517.25	-5.74-5.74	-0.51-0.51	15.3415.34	2.592.59
5.	Edwards Lifesciences Corp EW	Medical DevicesMedical Devices	49,029.3749,029.37	87.2387.23	50.6850.68	0.590.59	2.452.45	9.189.18	4.714.71
6.	DexCom Inc DXCM	Medical DevicesMedical Devices	32,211.5232,211.52	86.9086.90	33.7433.74	2.802.80	1.851.85	38.4938.49	12.6312.63
7.	GE HealthCare Technologies Inc.GEHC	Medical DevicesMedical Devices	29,038.9129,038.91	65.7465.74	14.8114.81	-1.55-1.55	2.252.25	19.3819.38	2.722.72
8.	Koninklijke Philips NV ADR PHG	Medical DevicesMedical Devices	23,380.0623,380.06	23.9123.91	18.5418.54	-5.46-5.46	0.020.02	10.1510.15	1.861.86
9.	STERIS plc STE	Medical DevicesMedical Devices	20,332.6720,332.67	211.07211.07	25.5325.53	-3.37-3.37	1.271.27	11.3911.39	2.822.82
10.	Zimmer Biomet Holdings Inc ZBH	Medical DevicesMedical Devices	16,840.2316,840.23	91.5791.57	21.4321.43	-2.81-2.81	3.743.74	6.416.41	1.371.37
11.	Penumbra Inc PEN	Medical DevicesMedical Devices	12,508.1112,508.11	317.11317.11	78.2178.21	-0.67-0.67	-0.03-0.03	11.3711.37	8.228.22
12.	10X Genomics Inc TXG	Medical DevicesMedical Devices	12,182.2212,182.22	97.7497.74	--	48.9948.99	4.664.66	-9.40-9.40	11.9311.93
13.	Smith & Nephew SNATS Inc SNN	Medical DevicesMedical Devices	11,057.2011,057.20	26.9226.92	17.9717.97	-3.41-3.41	1.951.95	11.8511.85	2.222.22
14.	Globus Medical GMED	Medical DevicesMedical Devices	10,150.2010,150.20	76.5776.57	19.3419.34	2.042.04	1.331.33	11.8111.81	2.082.08
15.	Bio-Rad Laboratories Inc BIO	Medical DevicesMedical Devices	9,870.139,870.13	379.82379.82	45.0745.07	-0.08-0.08	2.902.90	3.113.11	1.411.41
16.	Bio-Rad Laboratories Inc BIO.B	Medical DevicesMedical Devices	9,761.579,761.57	365.08365.08	44.4744.47	--	4.494.49	3.113.11	1.361.36
17.	Glaukos Corp GKOS	Medical DevicesMedical Devices	9,658.629,658.62	164.01164.01	--	-11.37-11.37	0.180.18	-25.98-25.98	13.2713.27
18.	Bruker Corporation BRKR	Medical DevicesMedical Devices	9,635.209,635.20	63.8663.86	--	9.419.41	0.990.99	-3.00-3.00	3.823.82
19.	Insulet Corporation PODD	Medical DevicesMedical Devices	9,133.259,133.25	135.62135.62	24.7124.71	-4.68-4.68	3.023.02	26.0226.02	15.0315.03
20.	Haemonetics Corporation HAE	Medical DevicesMedical Devices	4,762.634,762.63	104.68104.68	50.5750.57	1.791.79	0.020.02	11.2011.20	5.815.81

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Overviews of Top US Medical Device Stocks

Abbott Laboratories

Abbott operates across four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Medical Devices, making it one of the most diversified healthcare companies in this list. Its device portfolio spans cardiovascular products such as the MitraClip, diabetes care devices including the FreeStyle Libre continuous glucose monitor, and neuromodulation systems, as well as diagnostics and nutrition brands like Similac and Ensure. Headquartered in Abbott Park, Illinois, the company operates in over 160 countries and recently announced a first-of-its-kind partnership with Google Health to combine glucose insights with broader health data.

Stryker Corporation

Stryker was founded in 1941 and operates through the MedSurg, Neurotechnology, and Orthopaedics segments, offering surgical equipment, patient-handling technology, navigation systems, and joint replacement implants. Its Mako robotic-assisted surgery platform has become a significant growth driver in orthopaedics, and the company recently completed the first surgical procedure using its SportSuite Vision application on Apple Vision Pro. Headquartered in Portage, Michigan, Stryker reported revenue of $25.12 bn in 2025, up over 11% from the prior year.

Medtronic PLC

Medtronic develops device-based medical therapies across three segments, Cardiovascular, Neuroscience and Medical Surgical, spanning pacemakers, defibrillators, spinal cord stimulation systems, surgical stapling devices and insulin pumps. Founded in 1949 and headquartered in Galway, Ireland, the company beat first-quarter estimates and raised its fiscal 2027 outlook in September 2026, with shares rising on strong demand for cardiovascular products. Medtronic has also been investing heavily in robotics, including a recently announced $700 mn deal with Cornerstone Robotics.

Boston Scientific Corp

Boston Scientific was founded by John E. Abele and Pete Michael Nicholas in 1979 and operates through MedSurg and Cardiovascular segments, developing devices used in interventional procedures such as endoscopy, urology, cardiology and peripheral interventions. The company disclosed a major cybersecurity incident in a regulatory filing in August 2026 that disrupted its global operations and ability to ship products, and it also announced a recall of its ENROUTE Transcarotid neuroprotection system around the same time. Headquartered in Marlborough, Massachusetts, Boston Scientific has seen its shares fall sharply over the past year following these disclosures.

GE HealthCare Technologies Inc.

GE HealthCare Technologies operates through four segments, Imaging, Advanced Visualisation Solutions, Patient Care Solutions and Pharmaceutical Diagnostics, offering CT and MR imaging systems, ultrasound, patient monitoring equipment and diagnostic contrast agents. The company became an independent, publicly traded entity after spinning off from its former industrial parent, and recently received CE Mark approval for its Photonova Spectra CT system, expanding its international market presence. Despite this progress, GE HealthCare has faced pressure from inflationary cost increases affecting its Patient Care Solutions segment.

What are US Medical Device Stocks?

US medical device stocks are shares of companies that design, manufacture and sell healthcare equipment, implants, diagnostic systems and surgical technologies. These businesses form part of the broader US medical devices market, which spans cardiovascular, orthopaedic, imaging, monitoring and robotic-assisted surgery products. The category includes large diversified healthcare companies as well as specialised US-based medical device companies focused on specific therapeutic areas such as structural heart, diabetes care or surgical robotics.

How to Evaluate and Invest in US Medical Device Sector Stocks?

Here's how to invest in the US Medical Device stock market from India, step by step:

Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
Search for Medical Device Stocks: Use the Tickertape US Stock Screener and select 'Medical Devices' under the sector filter.
Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
Place Your Order: Select the Medical Device stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Medical Device Stocks for Indian Investors

The tax treatment of US medical device stocks generally depends on the holding period, the investor's applicable income tax rate, and US withholding rules on dividend income.

Income	Holding Period / Condition	Tax Rate in the US	Tax Rate in India
Long-Term Capital Gains (LTCG)	Held for > 24 months	0% (Taxed only in India under DTAA)	12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG)	Held for < 24 months	0% (Taxed only in India under DTAA)	Taxed as per your applicable income slab rate

Advantages of Investing in US Medical Devices Stocks

Market Growth

The global medical devices market is valued at about $623 bn in 2026 and could exceed $1 tn by 2035. Expansion of the US medical devices market supports demand across diagnostics, monitoring, surgery and treatment.

AI Adoption

The AI-enabled medical devices market could grow from $10.78 bn in 2026 to $45.87 bn by 2034. Rising AI use in imaging and diagnostics is creating opportunities across medical equipment stocks.

Surgical Robotics

The surgical robots market is projected to grow from $17.2 bn in 2026 to $45.6 bn by 2033. Growing adoption of robotic-assisted procedures supports demand across several medical device stocks.

Defensive Demand

Medical devices address essential healthcare needs linked to ageing populations and chronic diseases. This non-discretionary demand can support established US-based medical device companies even when broader consumer or industrial activity weakens.

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Risks of Investing in US Medical Devices Stocks

Regulatory Risk

Medical device companies must comply with US medical device regulations covering product development, manufacturing, safety, labelling and post-market monitoring. Regulatory delays, additional testing requirements or enforcement action can affect product launches and revenue.

Product Recalls

Products cleared or approved under the US FDA medical device framework can still face recalls if safety or performance issues emerge after launch. Recalls may affect revenue, reputation, litigation costs and regulatory scrutiny.

Cost Pressure

Inflation, tariffs and component costs can weigh on margins across medical equipment stocks. Companies with globally distributed manufacturing networks may also face additional supply chain and import-related cost pressures.

Strong Competition

Fast-growing areas such as structural heart devices and surgical robotics remain highly competitive. Established companies must continue investing in innovation to defend market share against existing rivals and new entrants in medical technology.

Factors to Consider Before Investing in US Medical Devices Stocks

Product Pipeline

A strong pipeline and timely FDA clearance or approval can support revenue growth. Companies must also navigate the US FDA medical device classification process, which determines the regulatory controls and review requirements that apply to different devices.

Regulatory Compliance

Compliance with US medical device regulations can influence product launch timelines, manufacturing standards and ongoing market access. Regulatory warnings, recalls or approval delays can materially affect company performance.

Procedure Volumes

Revenue often depends on procedure volumes and reimbursement rates. Higher adoption of diagnostics, implants and robotic-assisted procedures can support demand across medical device stocks, while reimbursement changes can affect utilisation.

AI and Robotics

Progress in the integration of AI and robotics can influence competitiveness and pricing. Companies that successfully scale these technologies across hospitals and healthcare providers may strengthen their position within the US medical devices market.

Key Growth Drivers for US Medical Devices Stocks

Ageing Population

Rising rates of cardiovascular disease, diabetes and orthopaedic conditions among ageing populations are increasing demand for diagnostic and treatment devices. This demographic trend provides a long-term growth driver largely independent of economic cycles.

AI Diagnostics

AI is increasingly being integrated into imaging and diagnostic platforms to improve analysis, reconstruction and clinical workflows. Companies building AI capabilities into device portfolios may strengthen differentiation as adoption expands across healthcare systems.

Minimally Invasive Surgery

Demand for minimally invasive and robotic-assisted procedures continues to rise across orthopaedics, cardiovascular and general surgery. Companies with established robotic platforms can benefit as procedure volumes and healthcare provider adoption increase.

Emerging Markets

Asia Pacific is expected to be among the fastest-growing medical device markets. Expanding healthcare infrastructure in countries such as China can support volume growth for companies with established distribution and manufacturing networks.

How to Track the Best US Medical Device Stocks from India on Tickertape?

You can track US Medical Device stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

Log in: Visit Tickertape and sign in to your account.
Search Medical Device stocks: Look up companies involved in Medical Device, or explore Medical Device-focused ETFs.
Use the screener: Filter US stocks and ETFs by Medical Device sectors.
Compare metrics: Review live prices, market capitalisation, returns, valuation ratios, profitability, financial health, risk indicators and ETF holdings.
Create a watchlist: Add selected Medical Device stocks and ETFs to monitor their prices, financial performance and company developments over time.

Conclusion

US medical device stocks span diversified MedTech conglomerates, cardiovascular and structural heart specialists, diagnostic imaging companies, and surgical robotics and orthopaedic device makers, all positioned to benefit from a large and steadily growing global healthcare market. Performance across the sector is shaped by procedure volume and reimbursement trends, product pipeline strength and regulatory approvals, cybersecurity and operational resilience, and the pace of AI and robotics integration into device portfolios. Cybersecurity risk, product recalls, input costs and tariff pressures, and intense competition in high-growth categories are among the factors to weigh when evaluating this sector. Investors looking to analyse medical device companies can use the Tickertape US Stock Screener to compare stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

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Frequently Asked Questions on US Medical Devices Stocks

What are US Medical Device stocks?
US medical device stocks are shares of companies that develop and sell healthcare equipment, implants, diagnostic systems and surgical technologies. They include diversified MedTech companies as well as specialised device manufacturers.
What is US FDA medical device classification?
US FDA medical device classification groups devices into Class I, Class II or Class III based largely on risk and the level of regulatory control required. Different classifications can follow different review and compliance requirements.
What are US medical device regulations?
US medical device regulations cover areas such as product classification, premarket review, manufacturing quality, labelling, reporting and post-market surveillance. Requirements vary depending on the device type and regulatory pathway.
Who are the top 5 Medical Device companies?
As of 3rd September 2026, the top medical device companies by market capitalisation include:
Disclaimer: The above top 5 medical device brands in USA are for educational purposes only and do not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing in any US medical device brands from India.
What is the outlook for US Medical Device stocks?
The outlook is broadly positive, with the global medical devices market projected to grow at a CAGR of roughly 6.3% through 2035, supported by faster growth in AI-enabled devices and surgical robotics. At the same time, company-specific risks such as Boston Scientific's 2026 cybersecurity incident and product recalls illustrate that individual company performance can diverge meaningfully from broader industry growth trends.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
Are US Medical Device stocks risky for Indian investors?
Like any healthcare technology investment, US medical device stocks carry risks, including cybersecurity and operational disruptions, product recalls, input cost and tariff pressures, and intense competition in high-growth categories. Indian investors should also factor in currency movement between the rupee and the US dollar.
How can I compare US Medical Device stocks on Tickertape?
You can use the Tickertape US Stock Screener to compare medical device stocks across valuation, profitability, growth, financial health and other metrics, and create a watchlist to track your shortlisted companies.
Can beginners invest in US Medical Device stocks?
Yes, beginners can invest in US medical device stocks from India through platforms like Tickertape, which allow fractional-share investing starting with a small amount. This makes it possible to build exposure gradually rather than committing a large sum to a single company.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.
How to invest in US Medical Device stocks from India?
Investors in India can access US Medical Device stocks through Tickertape. The process generally involves:
1. Create an account: Open a US investing account on Tickertape.
2. Explore Medical Device stocks: Compare companies across athletic, performance, casual and lifestyle Medical Device categories.
3. Complete KYC: Verify your identity and submit the required documents.
4. Link a bank account: Connect an eligible bank account for LRS remittances.
5. Add funds: Transfer money to your US investing account.
6. Place an order: Select a Medical Device stock and place an order, including fractional orders where available.
What are the advantages of investing in US Medical Device stocks?
Advantages include exposure to a large, steadily growing global healthcare market, faster-growing sub-segments such as AI-enabled devices and surgical robotics, and generally defensive, non-discretionary demand tied to ageing populations and chronic disease treatment.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.
What is the difference between individual US Medical Device stocks and Medical Device-focused ETFs?
Individual medical device stocks provide targeted exposure to a specific company's product portfolio, pipeline, and competitive position, while a healthcare- or MedTech-focused ETF spreads investment across multiple medical device companies. This can reduce single-stock risk but also dilutes exposure to any one company's specific growth story.
What metrics are commonly used to evaluate US Medical Device stocks?
Commonly used metrics include revenue growth by segment, gross and operating margins, R&D spending as a share of revenue, price-to-earnings (P/E) ratio and free cash flow. Given recent developments in the sector, some investors are also monitoring companies' cybersecurity disclosures and recall history as part of their risk assessment.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.
Do US Medical Device stocks pay dividends?
Some do. Abbott Laboratories, Stryker and Medtronic have all paid regular dividends, with Medtronic offering a dividend yield above 3%. Boston Scientific, by contrast, currently does not pay a dividend, reinvesting cash flow into growth and, more recently, addressing its operational recovery from the 2026 cybersecurity incident.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.