(C) Reuters. 2 Small-Cap Healthcare Stocks to Buy and Hold for Years
The widespread adoption of technologies and massive spending to address the growing demand for healthcare services from an aging population should drive the healthcare industry’s growth. So, we think fundamentally sound small-cap healthcare stocks Semler Scientific (OTC:SMLR) and IRadimed (IRMD) are poised to deliver solid upside in the near term. Read on.The rapid adoption of technologies and a push to develop therapeutics to serve an aging population have catalyzed the healthcare sector’s growth. According to the Centers for Medicare and Medicaid Services, U.S. national healthcare expenditure is expected to reach $6.2 trillion by 2028. Moreover, the global healthcare and pharma market is expected to reach $1.58 trillion by 2027, registering a 4% CAGR.
Investor’s interest in the healthcare sector is evidenced by the Health Care Select Sector SPDR Fund’s (XLV) 16% gains year-to-date. Furthermore, a growing trend in preventive healthcare because the COVID-19 pandemic has made people more conscious about their health and medical needs should bode well for healthcare providers.
Therefore, we believe small-cap healthcare stocks Semler Scientific, Inc. (SMLR) and IRadimed Corporation (IRMD) could be solid long-term bets because of their solid fundamentals.
2 Small-Cap Healthcare Stocks to Buy and Hold for Years
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.