5 Best Medical Device Stocks to Invest In Right Now

2. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) is one of the best medical device stocks to invest in right now. Abbott Laboratories (NYSE:ABT) announced on April 28 that it received the U.S. Food and Drug Administration (FDA) clearance and CE Mark for its next-generation Ultreon™ 3.0 Software. Management stated that the milestone marks a considerable step forward for the company, bringing coronary imaging and AI-automated insights together in one system to support better patient outcomes and help reduce risks. It further reported that the Ultreon 3.0 is an AI-powered imaging platform that employs optical coherence tomography to provide real-time planning guidance to doctors while performing minimally invasive procedures to open blocked heart arteries, which is known as percutaneous coronary intervention.

David M. Leistner, interventional cardiologist, Clinic for Cardiology and Angiology, Charité Campus Benjamin-Franklin (CBF) in Berlin, Germany, stated that Abbott Laboratories’ (NYSE:ABT) Ultreon 3.0 offers a single, AI-driven platform able to quickly and easily capture the images required by physicians to fully understand the size and angle of the blockage, creating an actionable plan to help the patient.

Abbott Laboratories (NYSE:ABT) discovers, develops, manufactures, and sells healthcare products. Its business segments include Diagnostic Products, Established Pharmaceutical Products, Medical Devices, and Nutritional Products.