Top Healthcare Stocks to Watch in 2021
The healthcare sector has always been a crucial part of the global economy. With the world facing the ongoing pandemic and an increasing focus on preventative healthcare, it’s more important than ever to keep an eye on the healthcare industry’s development and the companies leading the way. In this article, we’ll take a closer look at some of the top healthcare stocks to watch in 2021.
1. Moderna Inc. (MRNA)
One of the most talked-about healthcare stocks in recent times is Moderna Inc. Moderna’s COVID-19 vaccine has proven to be highly effective, and the company is also working on other mRNA-based therapies that could have a significant impact on the healthcare industry. With a market cap of around $80 billion and growing revenue, Moderna is definitely a company to keep an eye on in 2021.
2. Teladoc Health Inc. (TDOC)
The pandemic has accelerated the adoption of telemedicine around the world, and Teladoc Health Inc. is one of the leading companies in this sector. Teladoc’s virtual healthcare platform allows patients to access healthcare services from home or any remote location, making it an efficient and convenient option for many. With a market cap of over $20 billion and a growing customer base, Teladoc is poised for further growth in 2021.
3. Thermo Fisher Scientific Inc. (TMO)
Thermo Fisher Scientific Inc. is a leading global provider of scientific research equipment, software, and services. The company’s products and services are used in various industries, including healthcare, life sciences, and diagnostics. With a market cap of over $200 billion and a growing customer base, Thermo Fisher Scientific is well-positioned to benefit from the increasing demand for healthcare and life science research in 2021.
4. Illumina Inc. (ILMN)
Illumina Inc. is a leader in genomics and DNA sequencing technologies. The company’s products and services are used in various industries, including healthcare, agricultural sciences, and forensics. With a market cap of over $60 billion, Illumina is well-positioned to benefit from the growing demand for genomic analysis and research in 2021.
5. DexCom Inc. (DXCM)
DexCom Inc. is a medical device company that focuses on developing and manufacturing continuous glucose monitoring systems. The company’s devices are used to help patients manage diabetes and other related conditions. With a market cap of over $40 billion and a growing customer base, DexCom is well-positioned to benefit from the increasing focus on preventative healthcare and the management of chronic conditions in 2021.
Conclusion
The healthcare sector is always evolving, and these companies are well-positioned to lead the way forward in 2021. From vaccine development to innovative medical devices to telemedicine platforms, these healthcare stocks are poised for growth and offer potential opportunities for investors. As always, it’s important to do your research and consider your investment goals and risk tolerance before making any investment decisions.
