The medical device industry is one of the most important sectors of the technology and healthcare sector. As healthcare technology advances, so do the medical device stocks, especially in the NASDAQ. In 2023, investors can look to five medical device stocks that are expected to outperform the market and provide a substantial return for investors.
The first stock on the list is Medtronic PLC (MDT). Medtronic is a global healthcare solutions company that offers a variety of medical solutions such as pacemakers, defibrillators, insulin pumps, and more. The company also has a strong research and development team that constantly promote innovation within the medical device industry. With its strong revenue growth and growing market share, Medtronic is expected to be one of the top NASDAQ medical device stocks of 2023.
The second stock on the list is Intuitive Surgical Inc. (ISRG). Intuitive Surgical is a foremost medical technology company that focuses mainly on robotic surgical systems and products to facilitate minimally invasive surgery. Its robotic device, the da Vinci system, has been clinically proven to perform surgical tasks with unmatched accuracy. Intuitive Surgical’s innovative products, strong market position and a growing base of customers make it another one of the top medical device stocks of 2023.
The third stock on the list is Stryker Corporation (SYK). Stryker is one of the largest medical device companies in the world, designing and producing medical products such as orthopedic implants, spinal systems, and surgical instruments. Stryker’s strong market presence and its focus on developing innovative products to solve complex medical procedures make it a top NASDAQ stock of 2023.
The fourth stock on the list is Abbott Laboratories (ABT). Abbott Laboratories is a global diversified healthcare company that specializes in diagnostics, medical devices, nutrition, and pharmaceuticals. Abbott has an extensive product portfolio and a strong market position. With a long track record of research and development, Abbott is projected to be one of the top NASDAQ medical device stocks of 2023.
The fifth and last stock on the list is Boston Scientific Corporation (BSX). Boston Scientific is a global medical technology company that develops innovative solutions to treat medical conditions across a wide range of healthcare sectors. With a strong focus on developing products that offer improved patient outcomes, Boston Scientific is expected to be one of the top medical device stocks of 2023.
In conclusion, the medical device industry is a rapidly growing one and NASDAQ medical device stocks from companies such as Medtronic, Intuitive Surgical, Stryker, Abbott Labs, and Boston Scientific are expected to outperform the market in 2023. Each of these stocks offer their own unique advantages and opportunities for investors, and they should be watched closely in the next year.