Few industries are more essential than healthcare. That makes it an excellent place to look for stocks that can perform well over extended periods since the basic services they offer are unlikely to become obsolete anytime soon.

However, that doesn't guarantee success for any individual corporation. Even the healthcare sector changes and evolves in important ways. Only innovative companies can remain relevant over the long run. And some of them can be had for less than $200 per share.

Let's consider two examples: Novo Nordisk (NYSE: NVO) and (NYSE: MDT).

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Source Fool.com