With technological advancements in the healthcare industry, medical device stocks are among the brightest stars in the market today. Analysts predict that these stocks will continue to exceed expectations by 2023, with some of the biggest companies expected to become even more successful. Medical device stocks provide investors with a wide range of opportunities, from low-cost solutions for everyday needs to high-end devices for complex therapeutic applications. However, medical device stocks can also be volatile and risky investments. To help potential investors, we have compiled a list of the 5 biggest companies in medical device stocks for 2023. 1. Medtronic Medtronic is an American medical technology corporation based in Minneapolis, Minnesota. It is the largest and most innovative medical device company in the world, focusing on providing treatments for a wide range of medical conditions. Their products are used in over 150 countries and include pacemakers, neuro-stimulation, and spinal implants, as well as other medical devices and services. 2. Abbott Abbott is an American healthcare and medical technology company located in Illinois. The company has a presence in 150 countries, providing a wide range of products including diagnostic tools, nutritional products, medical devices, and more. Its flagship product is an intravenous nutrition formula that has been used by individuals and health care providers for decades. 3. Becton Dickinson Becton Dickinson is an American global medical technology company located in Franklin Lakes, New Jersey. It primarily provides diagnosis and treatment solutions for the healthcare industry and develops products such as laboratory instruments, needles, syringes, and other medical products. The company’s products are used in over 100 countries. 4. Zimmer Biomet Zimmer Biomet is a multinational medical device company based in Warsaw, Indiana. It specializes in the development of orthopedic implants and instruments, including hip and knee replacements, minimally invasive spine surgery products, and dental implants. The company also offers clinical and research services through its subsidiary, ZBI Group. 5. Philips Philips is a Dutch multinational conglomerate from Amsterdam. The company is primarily focused on the healthcare sector, providing innovations from diagnostics to treatments to care pathways. Its medical devices portfolio includes imaging and ultrasound systems, patient monitoring systems, and home healthcare products. These 5 companies are expected to be at the forefront of the medical device market by 2023. Their products help treat millions of people around the world and offer investors an appealing option amidst the rapidly changing healthcare environment. Investors should conduct their own research regarding the risks associated with medical device stocks before investing.