KRMD - Top 5  Small-cap Medical Device Stocks (Updated January 2025)

2025-01-15 08:10:00 ET

The growing prevalence of chronic diseases like cancer and diabetes is driving increasing innovation in medical device technology. In 2024 alone, 30 new devices were approved by the US Food and Drug Administration (FDA).

Wearable medical devices and the use of artificial intelligence in medical technology are two key trends in this sector. Moving forward, BCC Research projects that the global medical device industry will increase from US$810.4 billion in 2024 to US$1.3 trillion by 2029, expanding at a CAGR of 9.8 percent.

Investors who want exposure to this wave of growth may want to consider NASDAQ small-cap medical device stocks. Below, the Investing News Network has compiled a list of the top NASDAQ medical device companies based on yearly gains.

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