Conformis Vs. Integer Holdings: Which Medical Device Stock Is A Better Buy?

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The rising demand for advanced medical devices with the increasing focus on treating ailments other than COVID-19 bodes well for Integer Holdings (ITGR) and Conformis (CFMS). But which of these two stocks is a better buy now?

Integer Holdings Corporation is a medical device outsource manufacturer internationally. It operates in two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, and other procedures. In comparison,  Conformis, Inc. is a medical technology company that develops, manufactures, and sells joint replacement implants. The company offers personalized knee replacement products, including iTotal CR, a cruciate-retaining product; iTotal PS, a posterior cruciate ligament substituting product; and iDuo, a personalized bicompartmental knee replacement system.

Because the healthcare sector’s focus has been shifting of late to treating several diseases that were deprioritized last year due to the COVID-19 pandemic, the medical devices industry is seeing significant growth this year. Investors’ interest in the medical devices sector is evident in the iShares U.S. Medical Devices ETF’s (IHI) 4.3% gains over the past month compared to the SPDR S&P 500 Trust ETF’s (SPY) 3.3% returns.

According to a report by Facts and Factors, the medical device market is expected to grow at a 5% CAGR from 2021 – 2026. Consequently,  both ITGR and CFMS should benefit.

CFMS has gained 106.1% year-to-date, while ITGR returned 10.4%. Also, CFMS’ 74.4% gains over the past year are significantly higher than ITGR’s 24.5% returns. And in terms of their past nine months’ performance, CFMS is the clear winner with 79.9% gains versus ITGR’s 34.6%.

But which of these two stocks is a better buy now? Let’s find out.

Click here to checkout our Healthcare Sector Report for 2021

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