Why is the healthcare industry a great place to find investments right now?
There are tree major reasons. First, spending on healthcare in the U.S. is growing rapidly. The industry already accounts for more than 17% of the economy and is expected to expand by 5.8% a year on average through 2033, when it should account for more than a fifth of the economy.
Second, the healthcare industry is widely considered to be recession-proof, or at least highly recession-resistant. Historically, the sector has fared well during recessions, as people need healthcare and find ways to pay for it even when the economy is contracting.