The healthcare sector has been a hotbed for growth in recent years. As the world’s population continues to age, demand for healthcare services and products will only continue to rise. The four best healthcare supplies stocks to buy right now are companies that sell products directly or indirectly related to patients during their treatment. These stocks should fare well in this growing market due to their strong ties to the healthcare sector and low risk from business diversification. These companies provide essential products used by hospitals and other medical facilities on a regular basis as treatment of patients progresses. If you like the idea of investing in companies that directly or indirectly support the healthcare industry, then these are the best stocks for you.
Becton, Dickinson and Company
Becton, Dickinson and Company manufactures and sells medical supplies, instruments, and related services in the United States, Europe, Asia, and internationally. The company is engaged in the development, manufacture, and distribution of medical supplies, instruments, and related services used in a range of diagnostic and therapeutic procedures, as well as in the collection and analysis of blood. Becton, Dickinson and Company also provides medical imaging systems, reagents and laboratory instruments, including blood gas analyzers, blood glucose analyzers, and urinalysis instruments; and pharmaceutical products, including drugs for the treatment of pain and inflammation. The company is also involved in infection prevention and control products, patient monitoring equipment, and clinical decision support systems. Becton, Dickinson and Company was founded in 1897 and is headquartered in Franklin Lakes, New Jersey.
Cardinal Health is a healthcare services and supplies company that is engaged in the distribution of pharmaceuticals, medical supplies, and other healthcare goods. They provide pharmaceuticals, vaccines, and other goods and services to government agencies, managed care organizations, health care providers, pharmacies, and other health care organizations. The company also offers medical supplies, such as surgical instruments, wound care products, diagnostic imaging devices, diagnostic reagents, and surgical sutures and tissue sealants. In addition, it provides information technology solutions, including supply chain management and clinical decision support systems, as well as other services, such as transportation and logistics management and distribution services. Cardinal Health was founded in 1971 and is headquartered in Dublin, Ohio.
Hologic, Inc. is engaged in medical equipment and diagnostics. The company offers diagnostic products for screening, assessment, detection and monitoring of diseases in women’s health, urology, and gastrointestinal health, as well as provide services for the management of breast biopsies and surgical excision procedures. It also develops, manufactures, and sells medical equipment, including breast imaging equipment and workflow solutions, prostate screening solutions, colorectal screening and detection products, gastrointestinal assessment and monitoring solutions, lymph node biopsy systems, and surgical navigation systems. Hologic, Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.
Medtronic is a medical technology company that develops implants, drugs and devices. The company’s core products include cardiac rhythm management (CRM), spinal and neuromodulation, diabetes, metabolic diseases, and gastrointestinal and endocrine devices. Medtronic offers diagnostic and monitoring products, as well as drug-delivery systems. Medtronic is headquartered in Dublin, Ireland.
Healthcare supplies stocks have been a great investment over the past decade. While these industries may appear to be cyclical and volatile, they are also incredibly resilient. These stocks can be great long-term investments because they are low risk, low beta stocks with steady cash flow. As the world’s population continues to age, demand for healthcare services and products will only continue to rise. These are good stocks to buy and hold for the long term.