10 Best Medical Device Stocks To Buy According to Hedge Funds

3. Boston Scientific Corporation (NYSE:BSX)

Number of Hedge Fund Holders: 92

Boston Scientific Corporation (NYSE:BSX) manufactures, develops, and markets medical devices used in interventional medical procedures. Its operations are divided into Cardiovascular and MedSurg segments. The Cardiovascular segment covers Cardiology and Peripheral Interventions, while the MedSurg segment comprises Urology, Endoscopy, and Neuromodulation.

The company recently announced plans to acquire Bolt Medical, which develops intravascular lithotripsy (IVL), a laser-based technology that helps restore healthy blood flow by breaking up calcium deposits in arteries. The deal, expected to be finalized in the first half of 2025, is expected to expand Boston Scientific Corporation’s (NYSE:BSX) portfolio.

Boston Scientific Corporation (NYSE:BSX) is running on strong fundamentals and reported a 23% growth in operational sales in fiscal Q4 2024. Its organic sales grew by 20%, surpassing the high end of its guidance. Operational sales for the fiscal year 2024 also showed an 18.5% growth, reflecting the strength of its portfolio. The company expects its differentiated financial performance to continue in 2025, supported by its strong global execution and innovative portfolio. It ranks third on our list of the top medical device stocks to buy.