Image Source: FreeImages
The healthcare industry continues to be one of the best places for investors to park their money for a number of reasons. People around the globe are living longer, and this has resulted in an increased demand for healthcare services. In fact, it is estimated that by 2030, 70% of the world’s population will be older than 25 years old. The need for affordable and accessible healthcare services will continue to grow and remain a high priority across many developed and developing countries. With so many companies providing different kinds of services, there are quite a few stocks in health care supplies that are worth investing in right now. In this piece, we’ll take a look at some of the best stocks to buy if you have an interest in investing in health care supplies stocks.
Humana
Humana is a healthcare company that offers medical and health insurance services to individuals and employers. The company also provides health and wellness products and services. It was founded in 1961 and is based in Louisville, Kentucky. Humana has a market cap of $46.9 billion. The company boasts around 12 million members. Over the last few years, Humana has generated a significant amount of revenue from its Medicare Advantage business. With the aging population, the Medicare Advantage business is expected to continue to grow in the coming years. In fact, the government plans to spend $1.4 trillion on Medicare by 2021. Moreover, the company has an increasing focus on offering preventive care services to its members. This is a strategy that is likely to make the company more sustainable in the long run. Humana’s strong focus on preventive care is expected to help the company reduce the number of medical claims.
McKesson Corp
McKesson is a healthcare distribution company that has been around since the mid-1800s. It is one of the world’s largest healthcare distribution companies with a market cap of $77.6 billion. The company distributes pharmaceuticals, medical supplies, health information technology, and healthcare services. McKesson has over 100,000 employees and serves customers in more than 150 countries. The company also owns a handful of smaller companies to further its reach in the healthcare industry. McKesson’s healthcare information technology business is expected to continue to grow at a rapid pace throughout the next few years. The company has a strong focus on the healthcare information technology sector. McKesson is a leader in healthcare information technology with a focus on improving patient care. This is a company that is worth investing in for the long haul.
Merck & Co Inc
Merck is a global healthcare company that develops and delivers healthcare solutions for customers. The company has a market cap of $87.7 billion. Merck is one of the oldest pharmaceutical companies in the world; it was founded in 1891. The company’s top healthcare products include the following: Merck is a global healthcare company with a strong focus on the international market. The company has made many strategic acquisitions over the years to increase its international footprint. Merck has been able to achieve a high level of success thanks to its focus on R&D. The company invests around 8% of its revenue in R&D to come up with breakthrough products. Merck is well-positioned to benefit from the aging population. Its global presence and a strong focus on R&D are two factors that make the company a safe bet in the health care supplies stocks.
Johnson & Johnson
Johnson & Johnson is a multinational healthcare company that specializes in the research and development of healthcare products. The company has a market cap of $341.5 billion. Johnson & Johnson has been around for more than 100 years and has a strong presence in over 170 countries. The company specializes in various healthcare sectors, including consumer, pharmaceutical, surgical, and medical devices. Johnson & Johnson has a strong presence in the pharmaceutical and medical devices industries. The company is one of the largest pharmaceutical companies in the world. It also manufactures and sells a wide variety of medical devices including non-invasive wound care and surgical devices. Johnson & Johnson has a strong presence in many developed and emerging markets. This is a company that is well positioned in the healthcare supplies stocks.
VSP Vision Care
VSP Vision Care is a health insurance company that provides vision and medical benefits. The company was founded in 1931 and is based in Los Angeles, California. VSP has a market cap of $12.9 billion. The company has served more than 40 million members since its inception. VSP Vision Care has been able to retain a high level of membership since the Great Depression. The company’s success can be attributed to a number of things. First, VSP Vision Care has been around for over 80 years. Second, the company has a strong focus on providing benefits to its members. VSP Vision Care has also been able to differentiate itself from other insurance providers by providing a wide range of vision care services. This is a company that is well positioned in the healthcare supplies stocks.
Conclusion
There are many stocks in healthcare supplies that are worth investing in. The healthcare industry is expected to see a significant amount of growth over the next decade or so. This makes it a lucrative space in which to invest. When choosing a company, make sure to do your research. Make sure the company has a strong business model and a focus on new innovative products. By investing in stocks in health care supplies, you can expect to see a significant amount of return in the coming years.
Read More: 5 Top Health Care Supplies Industry Stocks To Buy Now