The medical device industry is booming and so are the stocks associated with it. With the advent of modern medical technology, many investors are now looking to get a piece of the pie by investing in Nasdaq medical device stocks.
Medical device stocks listed on the Nasdaq index provide the chance to gain exposure to a unique market segment that is expected to see significant growth in the years to come.
As 2020 approaches its end, the Nasdaq list is blossoming with medical device stocks that promise great returns and steady profits. Here is a list of the top 5 Nasdaq medical device stocks of 2023 that you should consider for your portfolio.
1. Medtronic (MDT): Medtronic is a leading medical technology company that focuses on minimally invasive treatments, supporting therapies, and digital health solutions. The company’s products and services span a wide range of therapeutic areas and therapy types.
2. Stryker (SYK): Stryker is a medical technology company that offers an array of medical solutions ranging from surgical procedures to orthopedics, and reconstructive products. The company’s products and services are designed to help improve patient outcomes.
3. Abiomed (ABMD): Abiomed is a medical device company that focuses on implantable cardiovascular devices to treat heart failure. Its products have made a tremendous impact in the medical field and continue to be widely used in the most advanced cardiac care facilities.
4. Becton, Dickinson and Company (BDX): BDX provides healthcare solutions by manufacturing medical supplies, laboratory equipment, and diagnostic systems. Some of its top-selling products include sharps management systems, insulin syringes, and automated tests.
5. Intuitive Surgical (ISRG): Intuitive Surgical is a medical device company that focuses on robotic-assisted and medical technology services. Its FDA-approved products are designed to help increase the precision, consistency, and outcome of surgeries.
These are the top five Nasdaq medical device stocks of 2023. Investing in the medical device industry can come with great potential returns, but it is essential to perform thorough research before investing in any stock.