The soaring inflation and the Fed’s rate hike have led to significant market volatility this year. Additionally, traders believe there is a more than 95% possibility of another 75-bps rate hike in November. Amid the uncertainties, healthcare stocks could help hedge some market risks due to the nearly inelastic demand for healthcare products and services.
The healthcare industry is expected to thrive in the coming years. Moreover, fast digital change in the healthcare delivery model, as well as the expansion of virtual health services such as telehealth and telemedicine, could contribute significantly to the industry’s growth.
