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US Medical Instruments & Supplies Stocks in 2026

The US medical device market is estimated at more than $200 bn in 2026 and is expected to grow by roughly 6% a year through the early 2030s, helped by an ageing population of about 65 mn adults aged 65 and above. Yet tariffs, strict FDA requirements and deferrable elective procedures can slow that growth in the near term. In this article, we will be covering all the US medical instruments & supplies stocks that might benefit from this environment, along with an overview of the top medical instruments & supplies companies.

List of US Medical Instruments & Supplies Stocks in 2026

US Medical Instruments & Supplies Stocks

Explore US medical instruments and supplies stocks involved in manufacturing medical devices, surgical instruments, diagnostic equipment and other healthcare supplies. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 20 of 53 results

last updated at 8:30 AM IST 
NameUS Stocks (53)↓↓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.Intuitive Surgical IncISRGMedical Instruments & SuppliesMedical Instruments & Supplies1,51,245.391,51,245.39452.29452.2951.7751.7713.5613.561.881.8817.9317.937.827.82
2.Becton Dickinson and CompanyBDXMedical Instruments & SuppliesMedical Instruments & Supplies52,935.6552,935.65198.91198.9145.0945.098.988.98-0.78-0.786.616.612.042.04
3.Medline Inc. Class A Common StockMDLNMedical Instruments & SuppliesMedical Instruments & Supplies47,507.2547,507.2534.0934.0988.2888.28-0.61-0.61-2.28-2.284.944.942.602.60
4.ResMed IncRMDMedical Instruments & SuppliesMedical Instruments & Supplies34,625.3834,625.38252.86252.8623.6123.6113.7513.75-0.08-0.0824.2724.274.874.87
5.Alcon AGALCMedical Instruments & SuppliesMedical Instruments & Supplies32,595.6632,595.6670.1770.1751.0851.087.317.31-0.64-0.642.942.941.461.46
6.West Pharmaceutical Services IncWSTMedical Instruments & SuppliesMedical Instruments & Supplies27,691.4527,691.45392.15392.1550.3850.384.334.33-0.57-0.5719.0919.096.716.71
7.Solventum Corp.SOLVMedical Instruments & SuppliesMedical Instruments & Supplies14,753.2914,753.2985.4185.4110.6110.61-3.35-3.35-2.28-2.2833.9633.963.133.13
8.Baxter International IncBAXMedical Instruments & SuppliesMedical Instruments & Supplies12,769.8012,769.8025.3025.30--7.717.71-1.34-1.34-14.37-14.371.971.97
9.Avantor IncAVTRMedical Instruments & SuppliesMedical Instruments & Supplies11,673.9511,673.9517.2917.29--17.1417.140.840.84-9.70-9.701.771.77
10.Repligen CorporationRGENMedical Instruments & SuppliesMedical Instruments & Supplies11,428.9011,428.90176.93176.93246.59246.59-4.12-4.12-1.12-1.121.991.994.934.93
11.The Cooper Companies, IncCOOMedical Instruments & SuppliesMedical Instruments & Supplies11,213.4611,213.4661.2161.2120.2620.269.179.17-0.71-0.716.846.841.261.26
12.Align Technology IncALGNMedical Instruments & SuppliesMedical Instruments & Supplies10,753.3010,753.30154.51154.5126.3326.334.284.28-0.66-0.6610.1610.162.492.49
13.AptarGroup IncATRMedical Instruments & SuppliesMedical Instruments & Supplies7,987.707,987.70126.55126.5522.6822.681.451.45-1.18-1.1813.4613.463.023.02
14.Bausch + Lomb CorpBLCOMedical Instruments & SuppliesMedical Instruments & Supplies6,136.106,136.1017.4717.47--2.462.460.250.25-2.52-2.520.960.96
15.Teleflex IncorporatedTFXMedical Instruments & SuppliesMedical Instruments & Supplies5,525.365,525.36136.29136.29--11.9411.94-0.18-0.18-0.70-0.701.821.82
16.Merit Medical Systems IncMMSIMedical Instruments & SuppliesMedical Instruments & Supplies5,457.535,457.5393.3093.3037.6137.617.167.16-0.69-0.699.199.193.103.10
17.Stevanato Group SpASTVNMedical Instruments & SuppliesMedical Instruments & Supplies5,137.935,137.9319.4919.4933.0233.02-10.14-10.140.220.229.139.133.333.33
18.MiniMed Group, Inc. Common StockMMEDMedical Instruments & SuppliesMedical Instruments & Supplies5,008.035,008.0318.3418.34---10.71-10.710.290.29-8.66-8.661.591.59
19.ICU Medical IncICUIMedical Instruments & SuppliesMedical Instruments & Supplies4,022.134,022.13166.62166.62135.16135.162.022.02-1.01-1.011.411.411.871.87
20.Envista Holdings CorpNVSTMedical Instruments & SuppliesMedical Instruments & Supplies3,724.723,724.7222.6122.6139.3139.31-0.92-0.92-1.59-1.593.063.061.241.24
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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 US Stock Screener and is subject to real-time updates.

Overviews of Top US Medical Instruments & Supplies Stocks

Intuitive Surgical Inc

Intuitive Surgical was incorporated in 1995. It makes the da Vinci robotic surgical system, which lets surgeons carry out minimally invasive operations from a console. The company also sells the instruments and accessories used with the system, along with the Ion platform for lung biopsies.

Becton Dickinson and Company

Becton Dickinson was founded in 1897 in New York City by Maxwell Becton and Fairleigh Dickinson. Today, it makes medical devices such as syringes, needles and catheters, along with instrument systems and reagents used in diagnostics and patient care.

Medline Inc. Class A Common Stock

Medline was founded in 1966 in Evanston, Illinois, by brothers Jim and Jon Mills. It makes and distributes more than 550,000 medical and surgical products, such as sterile procedure trays and wound care items, to hospitals, surgery centres and home care providers.

ResMed Inc

ResMed was founded in 1989 in Australia. It makes CPAP devices and masks to treat sleep apnoea, along with equipment for other breathing conditions such as COPD. It also offers cloud-connected devices and software that help care providers manage patients outside hospitals.

Alcon AG

Alcon began in 1945 as a small pharmacy in Fort Worth, Texas, and became an independent company in 2019, when Novartis spun it off. It focuses on eye care, selling surgical products for eye operations, contact lenses and over-the-counter eye products.

What are US Medical Instruments & Supplies Stocks?

US medical instruments and supplies stocks are shares of US-listed companies that design, make and distribute the tools and consumables used in healthcare. These include surgical robots, syringes and catheters, respiratory devices, eye-care products and the sterile supplies used in hospitals and clinics. The companies sell mainly to hospitals, surgery centres and home care providers.

How to Evaluate and Invest in US Medical Instruments & Supplies Sector Stocks?

Here's how to invest in the US medical instruments & supplies stock market from India, step by step:

  1. 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.
  2. Search for Medical Instruments & Supplies Stocks: Use the Tickertape US Stock Screener and select 'Medical Instruments & Supplies' under the sector filter.
  3. Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
  4. Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
  5. Place Your Order: Select the medical instruments & supplies stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Medical Instruments & Supplies Stocks for Indian Investors

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

Income / Action 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 Instruments & Supplies Stocks

Ageing Population

About 65.1 mn US adults are aged 65 and above in 2026, and the group has grown at roughly 3% a year over the past five years. Older patients typically need more surgeries, diagnostics and chronic-care devices, which supports steady demand for the sector.

Steady Market Growth

The US medical device market is projected to grow by roughly 6% a year through 2031. Recurring sales of consumables, such as instruments, masks and sterile supplies, add a repeat-purchase element to this growth.

Hospital-Led Demand

Hospitals account for roughly two-thirds of US medical device demand. This links sector sales to hospital budgets and procedure volumes, which are generally less cyclical than consumer spending.

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Risks of Investing in US Medical Instruments & Supplies Stocks

Tariffs and Trade Policy

One large device maker has flagged a tariff impact of about 100 basis points on its 2026 gross margin, and a Section 232 probe could extend duties to devices containing chips. Most medical-grade chip manufacturing sits in East Asia, so higher import costs could lift production costs across the sector.

Regulatory Burden

Stricter FDA evidence and post-market requirements are estimated to take about 1.1 percentage points off annual market growth. Recalls and cybersecurity fixes add further costs and can delay product launches.

Deferrable Procedures

US procedure growth on a leading robotic surgery platform slowed to 12% in the second quarter of 2026, with weakness concentrated in procedures patients can defer. Changes in insurance coverage and premiums can therefore affect elective procedure volumes.

Factors to Consider Before Investing in US Medical Instruments & Supplies Stocks

Hospital Capital Budgets

Hospitals buy imaging, monitoring and robotic systems in large, infrequent purchases. When budgets tighten, system orders can slow, while recurring instrument and supply sales tend to hold up better.

Reimbursement and Coverage

Medicare coverage can lag FDA authorisation, a gap estimated to trim about 0.5 percentage points from annual growth. A new device may be approved yet see slower adoption until payers agree to cover it.

Procedure Volumes

Sales of instruments and consumables rise and fall with the number of operations performed. Elective volumes respond to employment, insurance coverage and patient confidence.

Input Costs and Supply Chains

Many devices rely on imported components such as chips and plastics. Tariffs or supply disruptions raise input costs, which can compress margins when higher prices cannot be passed on.

Key Growth Drivers for US Medical Instruments & Supplies Stocks

Minimally Invasive Surgery

A leading surgical robotics platform reported procedure growth of 12% in the US and 20% internationally in the second quarter of 2026. Surgeons are using these systems for a wider range of operations, which expands the market for related instruments and accessories.

Shift to Outpatient Care

Ambulatory surgery centres are projected to be the fastest-growing end user, at about 7.7% a year. Moving procedures out of hospitals raises demand for compact devices and disposable supplies.

Home and Remote Monitoring

Monitoring devices are the fastest-growing device type, at about 7.2% a year. As care moves into homes, demand for connected respiratory and monitoring equipment is rising.

How to Track US Medical Instruments & Supplies Stocks From India on Tickertape?

You can track US medical instruments & supplies stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

  1. Open US Stocks Screener: Visit the Tickertape US Stock Screener and explore medical instruments & supplies-related companies listed on US exchanges.
  2. Search Medical Instruments & Supplies Stocks: Search for "Medical Instruments & Supplies" under the sector and select it to explore medical supplies companies.
  3. Apply Filters: Compare companies using 60+ parameters, including market capitalisation, valuation ratios, profitability metrics, growth indicators and financial health measures.
  4. Analyse Company Metrics: Review individual stock pages to understand financial performance, revenue trends, margins, debt levels, price movements and other available insights.
  5. Create a Watchlist: Add selected medical instruments & supplies stocks to your watchlist to track price updates, company developments and performance changes from India.

Conclusion

US medical instruments stocks span surgical robotics, injection and infusion products, respiratory devices, eye-care products and sterile medical supplies. Their performance is shaped by hospital capital budgets, reimbursement and coverage decisions, procedure volumes and trade policy. Tariffs, regulatory requirements and swings in elective procedures are among the key risks. Investors looking to analyse medical instruments & supplies 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 Instruments & Supplies Stocks

  1. What are US medical instruments & supplies stocks?

    US medical instruments & supplies stocks are shares of US-listed companies that make the devices, instruments and consumables used in healthcare. They range from surgical robots and respiratory devices to syringes, contact lenses and sterile procedure trays. Because hospitals and care providers buy many of these items repeatedly, sales often have a recurring element. Who are the top medical device companies? As of 11th October 2026, the top medical device companies include:
    1. Intuitive Surgical Inc
    2. Becton Dickinson and Company
    3. Medline Inc. Class A Common Stock
    4. ResMed Inc
    5. Alcon AG


    Disclaimer: The above medical equipment stocks list is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

  2. What is the outlook for US medical supplies stocks?

    The US medical device market is estimated at more than $200 bn in 2026 and is projected to grow by roughly 6% a year through 2031. An ageing population, the move to minimally invasive surgery and the growth of outpatient and home care are the main supports. Tariffs, FDA requirements and swings in elective procedures are the main factors that could slow this.

    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.

  3. Are US medical instruments & supplies stocks risky for Indian investors?

    Yes, as with any equity investment, these stocks carry risk, and for Indian investors currency movements between the rupee and the US dollar add another layer. The sector-specific risks are tariffs on imported components, regulatory and recall costs, and slower elective procedure volumes when insurance coverage changes. Prices can also move sharply when a company reports a product recall or a change in guidance.

  4. How can I compare US medical instruments stocks on Tickertape?

    On the Tickertape US Stock Screener, you can select 'Medical Instruments & Supplies' under the sector filter and compare companies using 60+ parameters. Useful measures for this sector include revenue growth, gross margin, operating margin, return on equity and debt levels. Each stock page also shows price history, peer comparison and recent news.

  5. Can beginners invest in US medical supply companies?

    Yes, beginners can invest in these stocks through Tickertape, although it helps to understand how each company earns its revenue first. Some earn from equipment sales and others from repeat sales of consumables, and the two behave differently when hospital budgets change. Starting with the stock pages and the screener's fundamentals is a practical way to learn the differences.

    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.

  6. How to invest in US medical instruments & supplies stocks from India?

    Investors can invest in US medical instruments & supplies stocks from India through Tickertape. The process generally involves:
    1. Create an account: Open a US investing account on Tickertape.
    2. Explore medical instruments & supplies stocks: Use the Tickertape US Stock Screener to browse and compare medical instruments & supplies companies.
    3. Complete KYC: Submit the identity and address documents required for US investing.
    4. Link a bank account: Connect an eligible bank account to your Tickertape account.
    5. Add funds: Transfer money to your US Wallet under the Liberalised Remittance Scheme.
    6. Place an order: Select the stock and click Buy to place your order.

  7. What are the advantages of investing in US medical instruments & supplies stocks?

    The sector is linked to long-term healthcare needs, such as an ageing population of about 65 mn adults aged 65 and above and rising chronic-disease care. Many companies also earn recurring revenue from consumables and service contracts, which adds a repeat-purchase element. The sector's demand is driven mostly by hospitals and care providers rather than discretionary consumer spending.

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

  8. What is the difference between individual US medical instruments & supplies stocks and medical instruments & supplies-focused ETFs?

    An individual stock gives ownership in a single company, so its results depend on that company's products, pricing and regulatory outcomes. A sector-focused ETF holds many stocks at once and spreads the effect of a recall or a weak quarter across the basket. ETFs also tend to include larger drug and diagnostics companies, so the mix can differ from a pure medical instruments & supplies list.

  9. What metrics are commonly used to evaluate US medical instruments & supplies stocks?

    Common metrics include gross margin, operating margin and revenue growth, since device makers with strong pricing power usually keep high margins. Research and development spending as a share of sales shows how much a company is investing in new products. Free cash flow and debt levels matter for firms that buy other businesses, while the share of recurring consumable revenue indicates how stable sales are.

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

  10. Do US medical instruments & supplies stocks pay dividends?

    Some established medical instruments & supplies companies pay regular dividends, while others reinvest most of their earnings in research, acquisitions or buybacks. Dividend policies differ by company, so the stock page shows each firm's dividend yield and history. Indian investors should also note that US withholding tax applies to dividends, and the income is taxable in India as per the applicable slab rate.

    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.