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The global medical devices market is expected to grow at a 5.2% CAGR to $671.49 billion by 2027.
While the resurgence of COVID-19 cases might slow the industry’s pace of recovery in the near term, expected long-term growth based on the innovative product pipelines of small-cap companies Varex Imaging Corporation (VREX), Natus Medical Incorporated (NTUS), Orthofix Medical Inc. (OFIX), and IRadimed Corporation (IRMD) should help their shares move higher in price. Each of these stocks is rated A (Strong Buy) in our proprietary POWR Ratings system.
