Despite challenges ranging from the pandemic’s lingering impact to economic uncertainty, the healthcare industry is expected to remain on a positive growth trajectory, given the inelastic demand for its products and services. Moreover, the adoption of advanced technologies is expected to drive the efficiency and profitability of the healthcare sector.
Given such tailwinds, let us explore some fundamentally strong healthcare stocks, Medtronic plc (MDT) and The Cigna Group (CI), that might be ideal buys in April.
The growing use of technology in the healthcare sector has boosted growth. While medical technology played a crucial role during the pandemic, its evolution is helping shape the entire healthcare landscape. The global healthcare services market is expected to reach $21.06 trillion by 2030, growing at a CAGR of 8.3%.
Moreover, the growing use of digitization, that is, big data in healthcare, along with the use of EHR and EMR systems, and the help given to keep patients’ electronic health records up to date, are helping the healthcare industry to…
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