Best Medical Devices Stocks in Australia for 2026
Top-ranked Medical Devices stocks in Australia. Cardiology, orthopaedics, and surgical-robotics makers earn premium margins on installed-base economics and a consumables annuity, tracked via procedure-volume Growth.
Medical Devices (cardiology, orthopaedics, surgical robotics, and the broader device cohort) earn premium gross margins on installed-base economics plus consumables annuity revenue. Composite scoring weights the Quality pillar (gross margin, ROIC) and the Growth pillar (procedure-volume-driven revenue growth).
Data as of (updated daily)
Top 20 Medical Devices stocks in Australia by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | PNV.AU | Polynovo Ltd | 66.4 |
| 2 | ARX.AU | Aroa Biosurgery Ltd | 57.7 |
| 3 | EYE.AU | Nova EYE Medical Ltd | 57.0 |
| 4 | TRU.AU | Truscreen Group Ltd | 55.2 |
| 5 | AT1.AU | Atomo Diagnostics Ltd | 55.0 |
| 6 | CMP.AU | Compumedics Ltd | 54.5 |
| 7 | AVR.AU | Anteris Technologies Global Corp | 53.5 |
| 8 | CYC.AU | Cyclopharm Ltd | 52.9 |
| 9 | EPI.AU | Epiminder Ltd | 52.8 |
| 10 | LDX.AU | Lumos Diagnostics Holdings Ltd | 52.8 |
| 11 | SOM.AU | Somnomed Ltd | 52.2 |
| 12 | 4DX.AU | 4DMEDICAL Ltd | 51.8 |
| 13 | MEM.AU | Memphasys Ltd | 51.7 |
| 14 | EBR.AU | EBR Systems Inc | 51.5 |
| 15 | CSX.AU | Cleanspace Holdings Ltd | 49.7 |
| 16 | CVB.AU | Curvebeam Ai Ltd | 49.2 |
| 17 | OSL.AU | Oncosil Medical Ltd | 49.1 |
| 18 | SLD.AU | Saluda Medical Inc | 49.0 |
| 19 | CQT.AU | Conneqt Health Limited | 48.1 |
| 20 | COV.AU | Cleo Diagnostics Ltd | 47.8 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Medical Devices industry, Australia. Use the screener for the full ranked list.