5 Best Medical Technology Stocks to Buy Right Now

Page 1 of 5

In this article, we will list the 5 Best Medical Technology Stocks to Buy Right Now. Please visit 11 Best Medical Technology Stocks to Buy Right Now if you would like to see the extended list and the methodology behind it.

5. Abbott Laboratories (NYSE:ABT)

Number of Hedge Fund Holders: 71

Stock Upside: 30.12%

Abbott Laboratories (NYSE:ABT) is one of the best medical technology stocks to buy right now. On April 28, Abbott Laboratories (NYSE:ABT) announced that the US Food and Drug Administration (FDA) and European regulators granted clearance and CE Mark approval, respectively, for its next-generation Ultreon 3.0 software. The software is an AI-powered coronary imaging platform designed to assist cardiologists in treating blocked heart arteries.

5 Best Medical Technology Stocks to Buy Right Now

Abbott said that Ultreon 3.0 is the first optical coherence tomography (OCT) system in both the US and Europe that combines high-resolution images of coronary artery plaque with AI-automated analysis in a single, integrated workflow. OCT works by using infrared light to capture detailed cross-sectional images of the inside of an artery, and the system achieves a full pullback scan in just one second.

The challenge the platform seeks to address is to enable doctors to place stents properly to restore blood flow in a blocked artery. Ultreon 3.0 addresses this challenge by using AI to analyze OCT images in real time and giving the physician a faster, more precise decision-making tool during the procedure.

The platform also offers an advantage over intravascular ultrasound, or IVUS, said Abbott. IVUS is a competing imaging approach. It added that unlike IVUS, Ultreon 3.0 delivers higher-resolution images while requiring little to no contrast dye. This way, it reduces the risk of contrast-induced kidney complications in some patients.

Abbott Laboratories (NYSE:ABT) is a diversified medical technology and healthcare company. It develops diagnostics, medical devices, nutrition products, and branded generic pharmaceuticals.

Page 1 of 5
1281292 - 11759070 - 1