In this piece, I evaluated two medical device companies, T2 Biosystems, Inc. (TTOO) and Merit Medical Systems, Inc. (MMSI), to determine the better growth stock. Based on the fundamental comparison of these stocks, I believe MMSI is the better buy for the reasons explained throughout this article.
The COVID-19 pandemic has put the medical device industry in the spotlight, with unparalleled demand for products, including personal protective equipment (PPE), ventilators, diagnostic tests, and other general hospital supplies. Furthermore, the industry is well-poised for continued growth this year and beyond, driven by the growing prevalence of chronic diseases and a rapidly aging population.
