Amid this rapidly changing economic environment, healthcare is the sector that continues to demonstrate resilience and growth potential. Thus, investors could consider adding fundamentally sound healthcare stocks, Pfizer Inc. (PFE), Biogen Inc. (BIIB), and BioMarin Pharmaceutical Inc. (BMRN), to their portfolios that have high analyst price targets.
There is an increasing demand for healthcare services and products due to factors such as an aging global population, rising healthcare costs, and continuous breakthroughs in medical technology. With these factors prevailing, the global healthcare services market is anticipated to be valued at $22.57 trillion by 2031, exhibiting a CAGR of 8.3%.
