Despite the headwinds of high inflation, restrictive monetary policies, and a tight job market, the healthcare sector has remained resilient thanks to the inelastic demand for its products and services. Given the industry’s defensive characteristics and long-term prospects, investors could look to buy fundamentally strong healthcare stocks Herbalife Nutrition Ltd. (HLF) and Zynex, Inc. (ZYXI).
Moreover, amid advances in medical science and significant investments in research, the healthcare industry is witnessing solid growth. According to Statista, revenue in the healthcare segment is expected to grow at a CAGR of 12.9% to $27.67 billion by 2027. Given the rapidly aging population and the rise of chronic diseases, the healthcare industry is expected to keep growing.
