Published on 12 Dec 2022 on Insider Monkey via Yahoo Finance
10 Best Medical Stocks Under $20
In this article, we discuss 10 best medical stocks under $20. If you want to see more stocks in this selection, check out 5 Best Medical Stocks Under $20.
The healthcare industry has undergone a significant restructuring in the wake of the COVID-19 pandemic. There were multiple new healthcare trends in 2022 that have a lasting impact on the industry. These include telemedicine, electronic health records, medical internet of things (IoT), remote monitoring using real-time health data and metrics, artificial intelligence, and improved workflows in the industry.
Concerned investors are turning over every leaf in the capital markets while they look for stocks that have a combination of high growth potential and a history of surviving during economic downturns. Health care is often considered an “Energizer bunny” sector, with sustainable revenues from continuously resilient demand. This is because the US has strong healthcare demand from aging baby boomers, and more than 10,000 of them turn 65 years old every day. In the United States, approximately 20% of the gross domestic product is generated from the healthcare industry.