On a number of levels, the purchase of medical device stocks makes a great deal of sense at the moment.
One of the three stocks recommended by The Motley Fool is Cynosure. Cynosure creates laser systems for cosmetic use. Cellulite reduction and hair removal are examples of the ways that Cynosure products are used.
Palomar Medical Technologies, which was previously a competitor, was recently acquired by Cynosure.
Edwards Lifesciences is another of the medical device stocks that are predicted to do well. Edwards is acknowledged as a leader in the market for transcatheter heart valves, primarily because of its SAPIEN heart valves. Tissue heart valves and hemodynamic monitoring devices are also made by this company.
The last medical stock that is recommended for investment purposes is St Jude Medical. With its presence in the markets of several medical devices, this company makes products ranging from heart valves to defibrillators. It is recognised as a key player in the expanding market for renal denervation systems.