10 Undervalued Medical Device Stocks to Buy Now

8. ZimVie Inc. (NASDAQ:ZIMV)

Forward P/E: 10.63

Number of Hedge Fund Holders: 22

ZimVie Inc. (NASDAQ:ZIMV) is one of the best undervalued medical device stocks to buy now. On June 5, ZimVie Inc. (NASDAQ:ZIMV) announced the launch of its RealGUIDE Software Suite and Implant Concierge service in Japan.

The launch of the service in the Japenese market provides dentists expanded access to a digital dental implant ecosystem that extends from implant planning to placement and offers vertically integrated, end-to-end solutions.

Management reported that the dental implant market opportunity is significant in Japan, and the country is ZimVie Inc.’s (NASDAQ:ZIMV) largest market in the APAC region.

RealGUIDE software is the first complete cloud-based solution of its kind, and offers dentists all they need for precise implant planning, restorative design, and surgical guides to deliver time, workflow, and cost efficiencies. Implant Concierge is a virtual outsourcing service that aims to simplify and streamline guided surgery and implant treatment planning.

ZimVie Inc. (NASDAQ:ZIMV) manufactures, designs, and distributes medical devices and surgical instruments. The company’s operations are divided into the Spine Products and Dental Products segments.