Medical device stocks have surged in 2013 -- but don't tell that to shareholders of Intuitive Surgical (NASDAQ:ISRG), Edwards Lifesciences (NYSE:EW), or Volcano Corporation (UNKNOWN:VOLC.DL). These three device leaders have fallen off into the red in 2013 despite health care's big rise, with falling sales, rising costs, lawsuits, and more to blame.

A different snakebite has taken down each company's year. Volcano has suffered from rising costs and a negative operating margin, even as the company looks ahead to product launches next year. Edwards sold its Sapien heart valve well and maintained its exclusive market dominance in the U.S. and Japan, but sales haven't met with expectations, leading to a big decline in share price over the course of the year. Intuitive, meanwhile, has become one of the biggest stories of the year after this innovative medical robotics company's PR took blow after blow.

But can any of these hard-hit device stocks come back in 2014? Find out in the video below, where Fool contributor Dan Carroll lets you know the details of these stocks' declines -- and whether you can make money off them in the new year.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Intuitive Surgical and Volcano. The Motley Fool owns shares of Intuitive Surgical and Medtronic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.