Investing in healthcare stocks has perhaps never been a better idea. The healthcare sector has grown significantly since the start of 2020, aided in large part by increased medical spending during the COVID-19 pandemic.
Advances in artificial intelligence and semiconductor technology have allowed healthcare companies to build better medical equipment, deliver more accurate results, and expand revenues past previously forecasted growth projections.
How can Canadian investors profit from the immense growth of this essential industry? Below we’ll break down the risks and rewards of healthcare stocks and help you decide if they’re right for your goals.
Related: List of stocks in the Canadian healthcare sector
What are healthcare stocks?
Healthcare stocks are publicly traded companies within the broader market sector of healthcare. The industry is broad and can include:
- Healthcare facilities
- Pharmacies
- Medical device and equipment…
