3 Healthcare Stocks to Buy and Hold for the Next 10 Years

3 healthcare stocks to buy and hold for the next 10 years

Sumary of 3 Healthcare Stocks to Buy and Hold for the Next 10 Years:

  • 1. Veeva Systems Veeva is a cloud-based software platform specifically designed to meet the challenges of the life sciences industry.
  • Only money minters like software-as-a-service (SaaS) titan Adobe are in the same league.
  • Another industry heavyweight — $200 billion Thermo Fisher Scientific — is also a competitor.
  • The company also has cloud-based software connecting more than 15 million devices globally.
  • Despite that scale, there’s still an enormous untapped market for the company’s respiratory devices and supporting software.
  • Management believes the global opportunity consists of nearly a billion people with mild sleep apnea and more than 400 million with a moderate form of the disorder.
  • Add in the 380 million people worldwide who have chronic obstructive pulmonary disease (COPD), and it’s clear ResMed has a gigantic untapped market.
  • By itself, COPD is estimated to cost $50 billion annually in the U.S. Perhaps the most exciting part of ResMed’s business is the cloud-based software for out-patient care.

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