The medical consumer industry is currently experiencing a remarkable surge in consumer awareness, marked by a growing preference for nature-based care products. This trend has been catalyzed by the mighty green wave, which emphasizes sustainability, natural ingredients, and environmentally-friendly practices.
Therefore, I think investors could consider quality consumer medical stocks USANA Health Sciences, Inc. (USNA – Get Rating), Nature’s Sunshine Products, Inc. (NATR – Get Rating), and LifeVantage Corporation (LFVN – Get Rating) in order to capitalize on the Medical Consumer industry, which is top-ranked and A-rated in our proprietary rating system.
A considerable portion of the adult population in the U.S. already uses dietary supplements as part of their efforts to reduce chronic diseases and promote overall health and longevity. This consumer-driven shift toward self-directed care has helped shape the growth of the dietary supplements industry globally.
Also, the growing number of fitness centers, health clubs, and gymnasiums have fueled this growth of awareness among youngsters and is therefore expected to increase the demand for energy and weight management supplements.
Hence, the global dietary supplements market is expected to grow at a CAGR of 9% from 2023 to 2030.
Moreover, the medical herb industry is witnessing a rise in consumer awareness and a shift in attitudes towards nature-based care products, particularly in the United States.
As a result, the global herbal medicine market is projected to grow at a CAGR of 11.2%, reaching $437.60 billion by 2030.
In addition, the rise in surgical procedures, the prevalence of hospital-acquired infectious diseases (HAI), and growing awareness regarding health and hygiene maintenance should drive the disposable medical supplies market.
The US disposable medical supplies market is expected to reach $228.38 billion by 2028, growing at a CAGR of 11.5%.
Let us take a detailed look at the stocks mentioned above…
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