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StockNews.com
StockNews.com
Business
Subhasree Kar

3 Large-Cap Healthcare Stocks with More Than 40% Upside, According to Wall Street

Like most industries, healthcare has started leveraging automation and innovative technologies to combat staffing shortages and other pandemic-induced operational challenges. Technology is expected to play a big role in remote patient management (RPM) and in improving the overall patient experience this year.

Up to 80% of healthcare providers in the U.S. are planning to invest in technologies that include digital health, artificial intelligence (AI), and machine learning, as well as tools to support clinical staff and caregivers over the next five years. The global digital health market is expected to reach $881 billion by 2027, achieving a 20.1% CAGR during 2022 - 2027. In addition, U.S. healthcare spending is projected to reach $6.20 trillion by 2028 and account for almost 20% of the GDP.

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