Published on 3 Feb 2023 on Insider Monkey via Yahoo Finance
10 Hot Healthcare Stocks To Buy Now
In this article, we discuss the 10 hot healthcare stocks to buy now. If you want to read about some more hot healthcare stocks to buy now, go directly to 5 Hot Healthcare Stocks To Buy Now.
The rise of consumer prices has often lagged behind healthcare inflation, which includes costs for doctor visits, surgeries, and prescription drugs. This trend has been especially noticeable during economic downturns, where overall inflation slows while medical prices still rise 2-3%. However, in 2022, the US saw an inflation rate not seen in decades. Even top health stocks like Pfizer Inc. (NYSE:PFE), Eli Lilly and Company (NYSE:LLY), and AbbVie Inc. (NYSE:ABBV) were affected by this. As healthcare delivery systems faced higher costs due to shortages in areas such as nursing and supplies, consumers felt the same financial pressures during the year.
The healthcare industry faces tough conditions in 2023 due to persistently high inflation and labor shortages. However, a McKinsey report predicts improvement efforts will help the industry overcome these challenges starting in 2024. Certain segments are expected to see higher growth as shifts in profit pools will be affected by several different factors.