The onset of the coronavirus pandemic and the recent acceleration in manufacturing technology growth have rekindled investor interest and restored fortunes for healthcare enterprises that now have access to new sources of funding and development opportunities in terms of technology. In the United States, there are more than 6,000 medical device companies, the majority of which are small to medium-sized businesses (SMEs). The market for medical equipment includes a wide range of items, from straightforward ones like needles to more intricate ones like cardiac stents. The market for medical devices is a significant subsegment of the larger healthcare sector. Some of the strongest businesses in the sector have been highlighted by us. By the end of 2028, a small subset of the market, which focuses largely on smart gadgets, will be worth $48 billion.
Insider Monkey highlights the 12 best medical device stocks to buy now. A provider of ophthalmic medical technology, IRIDEX Corporation markets solutions for the treatment of eye conditions. The company’s strongest asset is that it is working on glaucoma therapy. The company Abiomed, Inc. specializes in creating heart-related medical equipment. The business is on track to create the tiniest cardiac pump known to man. A 15% CAGR is predicted for the worldwide heart pump market up until 2027. A variety of medical products, including thrombectomy systems, revascularization tools, and coiling systems for neurovascular embolization, are available from Penumbra, Inc. In July 2022, RBC Capital assigned Penumbra an Outperform rating and a $195 share price objective. A variety of medical equipment are available from Penumbra, Inc., including thrombectomy systems, revascularization tools, and coiling systems for neurovascular embolization. In July 2022, RBC Capital established an Outperform rating for Penumbra and a $195 share price objective. A manufacturer of medical devices, Edwards Lifesciences Corporation creates solutions for the heart, critical care, and surgical monitoring. For more details, click 12 Best Medical Device Stocks To Buy Now.