Summary: Robotics and related technologies are in increasingly high demand across a wide variety of fields, including the medical industry. Naturally, all signs of future growth attract many investors looking to capitalize on new technological developments. In this guide, we present an overview of some of the best medical robotics stocks to buy in 2024 on stock trading platforms such as eToro.
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What are medical robotics stocks?
These kinds of stocks can be attractive for various reasons, but their growth potential is undoubtedly at the core of their appeal, being the result of both advancements in medical technology and the constant demand for new, effective medical solutions.
Medical robotics stocks to buy in 2024
Below, we have a short list of three medical robotics stocks based on their market performance and investor sentiment:
- Intuitive Surgical (NASDAQ: ISRG);
- Stryker (NYSE: SYK);
- Johnson & Johnson (NYSE: JNJ);
- Medtronic (NYSE: MDT);
- ABB (NASDAQ: ABB).
1. Intuitive Surgical (ISRG)
Intuitive Surgical is a global medical technology leader and of the biggest robotics companies in the industry. The company specializes in minimally invasive care and robotic-assisted surgery, including cardiac, gynecologic, pediatric, and general surgeries.
The company was founded in 1995 and gained the spotlight in 1999 with the launch of its da Vinci and Ion robotic systems which have aided 10 million surgical procedures since then, establishing Intuitive Surgical as a prominent player in the industry.
Today, the company is also focusing on machine learning and artificial intelligence to improve its robotics solutions.
Intuitive Surgical stock price today
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2. Stryker (SYK)
Stryker Corporation provides advanced products and services in orthopedics, medical surgery, and neurotechnology, being mostly known for its joint replacements, endoscopic tools, and neurosurgical and spinal devices, as well as its Mako robotic arm system designed to assist in joint replacement surgeries. Stryker’s products are used by some 130 million patients each year.
Stryker stock price today
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3. Johnson & Johnson (JNJ)
Johnson & Johnson is a pharmaceutical and medical technologies corporation. It focused on developing and marketing innovative drugs, hygiene products, baby care items, as well as medical devices and equipment used for surgical and diagnostic purposes. As one of the leaders in the industry, JNJ is a component of major stock indices like the S&P 100 and the S&P 500.
Johnson & Johnson stock price today
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4. Medtronic (MDT)
Medtronic is a prominent Irish medical technology company with a portfolio that includes surgical, respiratory, patient-monitoring, and hepatology devices, as well as lung and kidney care products. In the realm of robotics, Medtronic is known for its Hugo robotic-assisted surgery (RAS) system, which displays detailed 3D illustrations and allows technicians to precisely control robotic arms and instruments during surgery.
Medtronic stock price today
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5. ABB (ABB)
ABB is a Swedish-Swiss industrial conglomerate and one of the largest robotics companies providing robotic arms and controllers used in a wide variety of sectors. It entered the healthcare market recently (in 2019), but during its early initiative, the company presented various technologies, notably its mobile YuMi robot designed to support healthcare workers during time-consuming tasks such as preparing medications, loading and unloading centrifuges, and organizing test tubes.
Currently, ABB is in the process of developing multiple robots capable of handling more delicate tasks, positioning itself as a potentially major future component in the medical robotics sector.
ABB stock price today
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Additional options
For more stock investment opportunities in the medical sector, consider checking out our guide on the best medical device penny stocks, 5 best biotech stocks, and top 3 biotech penny stocks, as well as our separate guides on:
- How to Buy Boston Scientific Stock;
- How to Buy DexCom Stock;
- How to Buy InMode Stock;
- How to Buy Edwards Lifesciences Stock
- How to Buy Outset Medical Stock.
To target robotics specifically, check out our guides on some of the best robotics stocks, such as:
- How to buy PTC stock;
- How to buy Teradyne stock;
- How to buy Zebra Technologies stock;
- How to buy Rockwell Automation stock.
Where to buy robotics stocks?
The safest and most convenient way of investing in medical robotics stocks is to register an account with a regulated online brokerage. We recommend eToro, a leading investment platform with millions of active users and features such as:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Charting tools;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Pros and cons of investing in medical robotics stocks
Pros
- Technological innovation: The largest robotics companies are at the forefront of technological innovation not only in healthcare but engineering and artificial intelligence. As their products are in high demand, investing in them is likely to lead to future profits, especially if they make momentous breakthroughs;
- Aging population: The median age is rising, and so is the demand for medical devices used by the elderly;
- Stable industry: The medical and healthcare industry is generally stable, as people require medical services no matter the economic conditions;
- Global reach: Some of the biggest robotics companies, such as those on our list, operate globally, which gives investors a chance to gain exposure to a global market.
Cons
- Capital-intensive sector: Extensive research and high development costs are the unavoidable reality of robotics. What’s more, there is no guarantee the research will be fruitful;
- Regulatory risks: The medical industry is highly regulated, so failing to comply with strict safety policies might result in a loss of revenue;
- Competition: The robotics industry is fiercely competitive.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about medical robotics stocks
How to invest in robotics and AI?
To invest in the field of robotics and AI, you can start by purchasing shares in companies engaged in the creation and application of robotics and AI solutions. Keep in mind that these investments require thoughtful evaluation of factors like market trends and the performance of individual companies.
Why invest in medical robotics stocks?
Investors typically seek robotics stocks due to their growth potential and the increasing demand for innovative robotics solutions in the medical industry.
What are the best robotics stocks to invest in?
Prominent companies in the medical robotics sector include Intuitive Surgical (NASDAQ: ISRG), Stryker (NYSE: SYK), Johnson & Johnson (NYSE: JNJ), Medtronic (NYSE: MDT), and Globus Medical (NYSE: GMED).
What are the risks associated with investing in medical robotics stocks?
Risks involved with medical robotics stock may include regulatory challenges, competition, and potentially unfavorable changes in healthcare policies in relation to the use of robotic technologies.
Where to buy medical robotics stocks?
You can buy medical robotics stocks on online investment platforms such as eToro.
Do medical robotics stocks pay dividends?
Yes, some medical robotics stocks (e.g., Johnson & Johnson) pay dividends.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
