Rising investments, consistent breakthroughs, and an aging population should keep driving the healthcare sector’s growth. The global consumer healthcare market is expected to grow at a 21.7% CAGR to $932.74 billion by 2026.
Investors’ interest in this space is evident from the SPDR S&P Health Care Services ETF’s (XHS) 9.4% gains over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) 1.4% loss. Inelastic demand for healthcare products and services should help the sector survive the economic and market headwinds well in the upcoming months. So, Humana Inc. (HUM) and HealthEquity, Inc. (HQY) should stay afloat.
