Ken Fisher’s Top 15 Healthcare Stock Picks

Hamna Asim
19 min read

In This Article:

In this article, we discuss the top 15 healthcare stock picks of Ken Fisher. If you want to skip our detailed discussion about the healthcare industry, head directly to Ken Fisher’s Top 5 Healthcare Stock Picks.

The healthcare sector was forever changed by the COVID-19 pandemic. While it highlighted the weaknesses in the global medical supply chains, the medical industry exhibited tremendous commitment and resilience in its pursuit to fight the global pandemic. This has since led to the need for sustainability and innovation throughout the industry. The global healthcare industry was effective in treating the pandemic with its mRNA vaccines. However, the demand for these vaccines has naturally declined since then. According to Precedence Research, the global biotech industry was valued at $1.2 trillion in 2022 and is expected to grow roughly 12% per annum over the next 7 years, reaching $3.2 trillion by 2030. 

While the healthcare industry foresees normalization this year to pre-pandemic levels, Deloitte expects the United States spending in the sector to increase up to $12 trillion by 2040. With the global focus on artificial intelligence, numerous biotech companies are exploring applications in workforce and patient management. Similarly, the technological advancements in medical equipment for minimally invasive procedures has a positive impact on patient recovery, through smaller incisions that are less damaging to muscle and tissue. BlackRock reported that it forecasts the minimally invasive market to be valued at $76 billion by 2027. Moreover, drug development also presents a promising future. With over 55 million Alzheimer’s patients, a new antibody treatment slowed the rate of cognitive decline by 27%. As these studies and clinical trials continue, the pharmaceutical industry is poised for more research, development, and innovation. 

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While on the correct path, the industry still faces a number of challenges. According to Deloitte, the first major challenge has been the digital transformation in the healthcare sector. The pandemic presented an opportunity for low-cost and safe remote interactions. However, this also showcased the need for virtual health records and data management, through cloud-based solutions. In addition to electronic health records, the adoption of telemedicine can improve the organizational efficiency and cater to the labor shortages that the industry has lately experienced. Moreover, the global healthcare industry will need over 80 million additional workers by 2030. This has further stressed upon the need for ‘hospitals from home’. LBMC, a professional services CPA firm, reported that the global market for telehealth was valued in excess of $48 billion in 2022 and it is expected to grow over $57 billion in 2023. To supplement telehealth, there is a growing need for healthcare devices for remote monitoring, such as health bands. 

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