2 Top Healthcare Stocks to Buy for the Long Haul
The COVID-19 pandemic spurred an urgent need for better healthcare data, and drove an expansion of the services that allow patients to receive treatment via telemedicine. But it also led to a new normal that has redefined the healthcare IT landscape, turning an urgent response into projected long-term market growth that is expected to achieve a compound annual growth rate of 29% through 2030, taking the market value from $167 billion in 2022 to over $1 trillion at the end of the period.
Advancements in network connectivity, such as 5G and its backbone infrastructure, are leading to increased spending in IT services, resulting in a revival for some top stocks that serve the healthcare IT market.
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Source Fool.com
