| Fastest-Growing Healthcare Stocks |
| |
Price ($) |
Market Cap ($B) |
EPS Growth (%) |
Revenue Growth (%) |
| ShockWave Medical Inc. (SWAV) |
288.28 |
10.5 |
991.2 |
71.1 |
| Supernus Pharmaceuticals Inc. (SUPN) |
36.71 |
2.0 |
975.0 |
5.2 |
| AstraZeneca PLC (AZN) |
75.27 |
233.3 |
364.0 |
-4.5 |
These are the healthcare stocks that had the highest total return over the past 12 months.
Some of the more popular healthcare wearable devices are smart health watches, electrocardiogram (ECG) monitors, blood pressure monitors, and biosensors. A survey conducted by Insider Intelligence found U.S. consumers’ use of healthcare wearables increased to 33% in 2022 from 9% four years earlier. Key stocks involved in healthcare wearables include Garmin Ltd. (GRMN), Wearable Health Solutions Inc. (WHSI), and Apple Inc. (AAPL).
A key advantage of the healthcare sector is consistent demand. The overall demand for healthcare products and services is likely to remain steady and to even increase as populations age. This makes healthcare stocks a potential defensive play. At the same time, rapidly developing technologies also provide opportunities for both short- and long-term growth potential in the industry.
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