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StockNews.com
Business
Malaika Alphonsus

3 Health Care Stocks to Buy This Week if You Haven't Already

The services and products of the healthcare sector are always in demand by consumers regardless of economic cycles. According to Statista, the revenue of the healthcare segment is expected to grow at a CAGR of 11% to reach $92.01 billion by 2027. Additionally, the sector is fueled by rapid technological advancements that increase its quality and efficiency.

Although the industry is facing a labor shortage, healthcare companies are beginning to invest in virtual care, automation, and AI to scale up and meet the demand. On top of it, according to McKinsey, the healthcare services and technology sector is expected to grow 10% by 2026.

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