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Medical devices

The 87 companies in this industry listed on the NYSE and Nasdaq are worth $600 bn combined; the largest are Abbott Laboratories (ABT), Medtronic (MDT) and Stryker (SYK). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
87 companies value 600 bn revenue 185 bn margin 10.2% free cash flow 26 bn avg. score 2.2
ABT holds 30.0% of the group's value, 1.5x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 ABT Abbott Laboratories
United States · score 6.4
 30% 180 bn 47 bn 11.6% 7.8 bn 4.3% 2.4% Diagnostics, medical devices, nutrition and generics · Leader in continuous glucose monitoring (Libre) and diagnostics
2 MDT Medtronic
Ireland/United States · score 6.5
 20% 119 bn 38 bn 13.9% 6.1 bn 5.2% 3.1% Medical devices: cardiac, neurological and surgical · World's largest medical device maker by revenue
3 SYK Stryker
United States · score 6.3
 19% 114 bn 26 bn 14.4% 4.7 bn 4.1% 1.1% Orthopedic implants, surgical robotics and equipment · Leader in orthopedics and robotic surgery (Mako); consistent growth
4 BSX Boston Scientific
United States · score 6.2
 11% 65 bn 21 bn 17.5% 3.6 bn 5.6% — Medical devices: cardiology, endoscopy and urology · Leader in interventional cardiology; fastest growth among the large players
5 STE STERIS
Ireland · score 6.3
 4% 22 bn 6.0 bn 13.3% 0.9 bn 4.3% 1.1% Sterilization and operating room products · Hospital sterilization: practically the standard in operating rooms
6 SOLV Solventum
United States · score 2.7
 2% 15 bn 8.3 bn 17.3% -0.1 bn -0.8% — Medical products: wound care, oral care and filtration · Wound care, monitoring and dental, spun off from 3M
7 BAX Baxter International
United States · score 2.6
 2% 13 bn 11 bn -9.3% 0.8 bn 6.2% 1.4% Hospital products: infusion and clinical nutrition · Essential hospital supplies; sold its kidney care division (Vantive) to Carlyle
8 SNN Smith & Nephew
United Kingdom · score 7.2
 2% 13 bn 6.3 bn 10.1% 1.3 bn 10.6% 2.6% Orthopedic implants, sports medicine and wound care · Orthopedics, sports medicine and wound care
9 TFX Teleflex
United States · score 1.9
 1% 5.5 bn 2.3 bn -45.8% 0.2 bn 3.1% 1.1% Catheters, tubes and single-use medical devices · Single-use devices for surgery and critical care
10 MMSI MERIT MEDICAL SYSTEMS INC
United States · score 5.6
 1% 5.4 bn 1.6 bn 9.2% 0.2 bn 3.8% — Medical devices for cardiology, radiology and oncology · Utah — revenue of $1.6bn
11 HAE HAEMONETICS CORP
United States · score 5.4
 1% 5.4 bn 1.4 bn 7.1% 0.3 bn 5.4% — Medical technology for blood collection and processing · Massachusetts — revenue of $1.4bn
12 ITGR Integer Holdings Corp
United States · score 4.7
 1% 4.3 bn 1.8 bn 7.0% 0.1 bn 2.6% — One of the largest medical device contract manufacturers · Texas — revenue of $1.8bn
13 LIVN LivaNova PLC
United Kingdom · score 5.6
 1% 4.3 bn 1.5 bn 12.8% 0.1 bn 3.4% — Neuromodulation and cardiopulmonary equipment · United Kingdom — revenue of $1.5bn
14 ICUI ICU MEDICAL INC/DE
United States · score 4.1
 1% 4.0 bn 2.2 bn 2.1% 0.1 bn 3.8% — Infusion pumps, catheters and IV solutions · California — revenue of $2.2bn
15 PLSE PULSE BIOSCIENCES, INC.
United States · score 0.0
 1% 3.4 bn 0.0 bn -68x -0.1 bn -1.8% — Cell ablation with nanosecond electrical pulses · California — revenue of $1m
16 TMDX TransMedics Group, Inc.
United States · score 5.7
 0% 2.5 bn 0.7 bn 22.7% 0.1 bn 3.2% — Medical technology for transporting and perfusing organs for transplant · Massachusetts — revenue of $668m
17 UFPT UFP TECHNOLOGIES INC
United States · score 5.7
 0% 2.3 bn 0.6 bn 11.4% 0.1 bn 2.7% — Foam components and packaging for the medical market · Massachusetts — revenue of $632m
18 AXGN Axogen, Inc.
United States · score 2.5
 0% 1.9 bn 0.3 bn -13.4% 0.0 bn 0.5% — Technologies for peripheral nerve regeneration and repair · Florida — revenue of $251m
19 LMAT LEMAITRE VASCULAR INC
United States · score 6.3
 0% 1.9 bn 0.3 bn 26.3% 0.1 bn 3.9% 1.1% Medical devices and cryopreservation of human tissue · Massachusetts — revenue of $250m
20 NVCR NovoCure Ltd
Jersey · score 0.1
 0% 1.7 bn 0.7 bn -21.2% -0.0 bn -1.5% — Oncology with electric fields to treat tumors · Jersey — revenue of $699m
21 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Costa Rica · score 0.0
 0% 1.7 bn 0.3 bn -15.8% -0.0 bn -2.4% — Medical technology for breast aesthetics and reconstruction · Costa Rica — revenue of $246m
22 KMTS KESTRA MEDICAL TECHNOLOGIES, LTD.
United States · score 0.0
 0% 1.7 bn 0.1 bn -140.4% -0.1 bn -7.0% — Wearable defibrillator vests · Washington — revenue of $107m
23 OMCL OMNICELL, INC.
United States · score 6.4
 0% 1.6 bn 1.3 bn 3.1% 0.1 bn 8.7% — Automated medication management for hospital pharmacies · Texas — revenue of $1.2bn
24 CNMD CONMED Corp
United States · score 5.7
 0% 1.4 bn 1.4 bn 4.1% 0.1 bn 9.7% 0.9% Surgical devices for hospitals and surgery centers · Florida — revenue of $1.4bn
25 DRTS Alpha Tau Medical Ltd.
Israel · score 0.1
 0% 1.1 bn — — -0.0 bn -1.5% — Alpha-radiation brachytherapy device for tumors, from Israel · Israel
26 IART INTEGRA LIFESCIENCES HOLDINGS CORP
United States · score 1.3
 0% 1.0 bn 1.6 bn -0.4% 0.0 bn 2.5% — Medical technology for tissue regeneration and neurosurgery · New Jersey — revenue of $1.6bn
27 CBLL Ceribell, Inc.
United States · score 0.0
 0% 1.0 bn 0.1 bn -64.7% -0.1 bn -5.5% — Medical technology for diagnosing serious neurological conditions · California — revenue of $102m
28 INMD InMode Ltd.
Israel · score 6.7
 0% 0.8 bn 0.4 bn 25.3% 0.1 bn 10.4% — Minimally invasive aesthetic equipment, from Israel · Israel — revenue of $370m
29 MDXG MIMEDX GROUP, INC.
United States · score 6.2
 0% 0.6 bn 0.4 bn 1.8% 0.1 bn 7.2% — Regenerative products for wound healing · Georgia — revenue of $355m
30 TCMD TACTILE SYSTEMS TECHNOLOGY INC
United States · score 6.2
 0% 0.5 bn 0.3 bn 7.1% 0.0 bn 5.2% — Medical devices for underserved chronic conditions · Minnesota — revenue of $350m
31 ANGO ANGIODYNAMICS INC
United States · score 2.0
 0% 0.5 bn 0.3 bn -10.1% 0.0 bn 0.3% — Medical technology for cardiovascular disease and cancer · New York — revenue of $325m
32 DCTH DELCATH SYSTEMS, INC.
United States · score 4.5
 0% 0.5 bn 0.1 bn 0.6% 0.0 bn 3.5% — Interventional oncology for liver tumors · New York — revenue of $95m
33 BWAY Brainsway Ltd.
Israel · score 4.8
 0% 0.5 bn 0.1 bn 15.6% 0.0 bn 1.6% — Deep transcranial magnetic stimulation (Deep TMS) systems for depression, OCD and smoking addiction · Israel — revenue of $61m
34 CERS CERUS CORP
United States · score 0.0
 0% 0.4 bn 0.3 bn -2.7% 0.0 bn -0.4% — INTERCEPT blood safety system · California — revenue of $249m
35 NPCE NeuroPace Inc
United States · score 0.0
 0% 0.4 bn 0.1 bn -17.9% -0.0 bn -2.6% — Medical devices to reduce epileptic seizures · California — revenue of $107m
36 RCEL AVITA Medical, Inc.
United States · score 0.0
 0% 0.4 bn 0.1 bn -57.0% -0.0 bn -6.1% — Advanced treatment of acute wounds · California — revenue of $76m
37 INFU InfuSystem Holdings, Inc
United States · score 6.6
 0% 0.3 bn 0.1 bn 6.0% 0.0 bn 8.4% — Infusion services and equipment · Michigan — revenue of $143m
38 SMTI Sanara MedTech Inc.
United States · score 0.8
 0% 0.3 bn 0.1 bn -29.2% 0.0 bn 1.5% — Medical technology to improve surgical outcomes · Texas — revenue of $110m
39 MOBI Mobia Medical, Inc.
United States · score 5.1
 0% 0.3 bn 0.1 bn — — — — — Medical devices for motor recovery after stroke · Texas — revenue of $45m
40 OBIO Orchestra BioMed Holdings, Inc.
United States · score 0.0
 0% 0.3 bn 0.0 bn -184.6% -0.1 bn -17.4% — Biomedical innovation partnered with major device makers · Pennsylvania — revenue of $32m
41 PDEX PRO DEX INC
United States · score 5.5
 0% 0.2 bn 0.1 bn 17.6% 0.0 bn 3.7% — Surgical motors for orthopedic and craniomaxillofacial surgery · California — revenue of $78m
42 TLSI TriSalus Life Sciences, Inc.
United States · score 0.0
 0% 0.2 bn 0.1 bn -62.6% -0.0 bn -10.7% — Drug delivery technology for solid tumors · Colorado — revenue of $45m
43 UTMD UTAH MEDICAL PRODUCTS INC
United States · score 7.0
 0% 0.2 bn 0.0 bn 29.0% 0.0 bn 4.8% 1.7% Medical devices for obstetrics and neonatology · Utah — revenue of $36m
44 SKIN SkinHealth Systems Inc.
United States · score 3.6
 0% 0.1 bn 0.3 bn -9.8% 0.0 bn 30.8% — Aesthetic skin equipment and treatments · California — revenue of $290m
45 STIM Neuronetics, Inc.
United States · score 0.0
 0% 0.1 bn 0.2 bn -19.6% -0.0 bn -7.7% — Transcranial magnetic stimulation therapy · Pennsylvania — revenue of $155m
46 OWLT Owlet, Inc.
United States · score 0.0
 0% 0.1 bn 0.1 bn -7.7% -0.0 bn -7.0% — Wearable pediatric health monitors for home use · Utah — revenue of $115m
47 APYX Apyx Medical Corp
United States · score 0.0
 0% 0.1 bn 0.1 bn -14.8% -0.0 bn -10.8% — Surgical aesthetics with helium plasma technology · Florida — revenue of $58m
48 KRMD KORU Medical Systems, Inc.
United States · score 2.0
 0% 0.1 bn 0.1 bn -4.0% 0.0 bn 0.6% — Large-volume subcutaneous infusion solutions · New Jersey — revenue of $45m
49 ECOR electroCore, Inc.
United States · score 0.0
 0% 0.1 bn 0.0 bn -40.0% -0.0 bn -14.2% — Vagus nerve stimulation for pain and wellness · New Jersey — revenue of $37m
50 NRXS Neuraxis, INC
United States · score 0.0
 0% 0.1 bn 0.0 bn -215.2% -0.0 bn -5.7% — Neuromodulation for gastrointestinal disorders · Indiana — revenue of $4m
51 RNXT RenovoRx, Inc.
United States · score 0.0
 0% 0.1 bn 0.0 bn -621.7% -0.0 bn -22.8% — Targeted chemotherapy delivery with the RenovoCath catheter · California — revenue of $2m
52 COCH Envoy Medical, Inc.
United States · score 0.0
 0% 0.1 bn 0.0 bn -113x -0.0 bn -43.0% 3.6% Medical technology for hearing loss · Minnesota
53 ARAY ACCURAY INC
United States · score 0.0
 0% 0.0 bn 0.4 bn -12.2% -0.0 bn -76.9% — Radiation therapy: equipment, planning and imaging · Wisconsin — revenue of $402m
54 TELA TELA Bio, Inc.
United States · score 0.0
 0% 0.0 bn 0.1 bn -51.5% -0.0 bn -72.7% — Medical technology for soft tissue reconstruction · Pennsylvania — revenue of $80m
55 CVRX CVRx, Inc.
United States · score 0.0
 0% 0.0 bn 0.1 bn -84.9% -0.0 bn -114.0% — Minimally invasive neuromodulation for cardiovascular disease · Minnesota — revenue of $61m
56 MYO MYOMO, INC.
United States · score 0.0
 0% 0.0 bn 0.0 bn -33.5% -0.0 bn -16.8% — Wearable medical robotics for neuromuscular disorders · Massachusetts — revenue of $43m
57 SNWV SANUWAVE Health, Inc.
United States · score 4.5
 0% 0.0 bn 0.0 bn 34.7% 0.0 bn 10.2% — Energy-based medical devices for wound care · Minnesota — revenue of $44m
58 CTSO Cytosorbents Corp
United States · score 0.0
 0% 0.0 bn 0.0 bn -49.0% -0.0 bn -59.6% — Blood purification in the ICU and cardiac surgery · New Jersey — revenue of $37m
59 POCI PRECISION OPTICS CORPORATION, INC.
United States · score 0.3
 0% 0.0 bn 0.0 bn -11.5% 0.0 bn -4.2% — Optical instruments for medical devices and defense, since 1982 · Massachusetts — revenue of $32m
60 RVP RETRACTABLE TECHNOLOGIES INC
United States · score 0.2
 0% 0.0 bn 0.0 bn -9.9% -0.0 bn -33.1% — Retractable safety syringes · Texas — revenue of $34m
61 SRTS Sensus Healthcare, Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -88.5% -0.0 bn -15.4% — Superficial radiation therapy for skin cancer · Florida — revenue of $18m
62 NEPH NEPHROS INC
United States · score 2.3
 0% 0.0 bn 0.0 bn 8.4% 0.0 bn -1.8% — High-performance water filtration for medical use · New Jersey — revenue of $21m
63 BDMD Baird Medical Investment Holdings Ltd
China · score 4.0
 0% 0.0 bn 0.0 bn -65.1% 0.0 bn 22.9% — Microwave ablation equipment for tumors, from China · China — revenue of $24m
64 LFWD Lifeward Ltd.
United States · score 0.0
 0% 0.0 bn 0.0 bn -141.3% -0.0 bn -101.8% — Exoskeletons and physical rehabilitation devices · Massachusetts — revenue of $22m
65 SNOA Sonoma Pharmaceuticals, Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -10.3% 0.0 bn -49.2% — Hypochlorous acid products for wounds, eyes and disinfection · Colorado — revenue of $22m
66 ELUT ELUTIA INC.
United States · score 1.2
 0% 0.0 bn 0.0 bn 426.9% -0.1 bn -127.5% — Drug-eluting biomatrices for surgical reconstruction · Maryland — revenue of $12m
67 MLSS MILESTONE SCIENTIFIC INC.
United States · score 0.1
 0% 0.0 bn 0.0 bn -44.0% 0.0 bn -2.2% — Computer-controlled painless injection for dentistry and medicine · New Jersey — revenue of $9m
68 NMTC NEUROONE MEDICAL TECHNOLOGIES Corp
United States · score 0.0
 0% 0.0 bn 0.0 bn -78.6% -0.0 bn -78.7% — Brain diagnostic and ablation electrodes for epilepsy · Minnesota — revenue of $9m
69 NXGL NEXGEL, INC.
United States · score 0.0
 0% 0.0 bn 0.0 bn -51.3% 0.0 bn -116.9% — Hydrogels for wound care, diagnostics and cosmetics · Pennsylvania — revenue of $12m
70 NUWE Nuwellis, Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -125.6% -0.0 bn -629.4% — Ultrafiltration for fluid management in cardiorenal patients · Minnesota — revenue of $9m
71 PAVM PAVmed Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -108x -0.0 bn -43.2% — Medical technologies developed through subsidiaries · New York
72 ICU SeaStar Medical Holding Corp
United States · score 0.0
 0% 0.0 bn 0.0 bn -795.5% -0.0 bn -83.5% — Commercial-stage treatments for critically ill patients · Colorado — revenue of $2m
73 HSCS HeartSciences Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -2052x -0.0 bn -46.2% — AI-powered electrocardiogram technology · Texas
74 FEMY FEMASYS INC
United States · score 0.0
 0% 0.0 bn 0.0 bn -511.9% -0.0 bn -131.9% — Therapeutic and diagnostic products for women's health · Georgia — revenue of $2m
75 AEMD AETHLON MEDICAL INC
United States · score 0.0
 0% 0.0 bn — — -0.0 bn -86.7% — Hemopurifier blood filter for solid tumors and viruses · California
76 NVNO enVVeno Medical Corp
United States · score 0.0
 0% 0.0 bn — — -0.0 bn -276.0% — Bioprosthetic devices for venous disease · California
77 PFSA Profusa, Inc.
United States · score 0.3
 0% 0.0 bn — — -0.0 bn -41x — Implantable biosensors, approved in Europe · New York
78 ZJYL Jin Medical International Ltd.
China · score 1.4
 — — 0.0 bn 5.9% -0.0 bn — — Wheelchairs and mobility products, from China · China — revenue of $20m
79 WOK WORK Medical Technology Group LTD
China · score 1.4
 — — 0.0 bn -41.9% -0.0 bn — — Disposable medical devices, from China · China — revenue of $11m
80 IVF INVO Fertility, Inc.
United States · score 0.9
 — — 0.0 bn -92.3% 0.0 bn — — Services and technology for assisted reproduction · Florida — revenue of $8m
81 ICCM IceCure Medical Ltd.
Israel · score 0.7
 — — 0.0 bn -427.7% -0.0 bn — — Cryoablation of breast tumors, from Israel · Israel — revenue of $4m
82 ITOC iTonic Holdings Ltd
China · score 0.9
 — — 0.0 bn -16x 0.0 bn — — Brachytherapy treatment planning systems using radioactive sources, in China · China
83 VBIO Valion Bio, Inc.
United States · score 0.1
 — — 0.0 bn -41x -0.0 bn — — Bioelectronic device for sinusitis and migraine · Texas
84 NXL Nexalin Technology, Inc.
United States · score 0.4
 — — 0.0 bn -41x -0.0 bn — — Neurostimulation for mental health · Texas
85 CUPR Cuprina Holdings (Cayman) LTD
Singapore · score 1.2
 — — 0.0 bn -93x -0.0 bn — — Wound-healing biomedicine, from Singapore · Singapore
86 AMIX Autonomix Medical, Inc.
United States · score 2.8
 — — 0.0 bn — -0.0 bn — — Medical devices for nervous system sensing and treatment · Texas
87 PLRZ Polyrizon Ltd.
Israel · score 1.2
 — — — — 0.0 bn — — Nasal barrier hydrogels, from Israel · Israel

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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