A healthy investment: Why putting your money in this sector pays off
With global macroeconomic challenges ahead, the defensive characteristics of the healthcare sector coupled with its growth prospects arising from continued innovation have put the sector in the spotlight
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THE recession drumbeat continues to grow, with many macroeconomic challenges posed by high inflation and aggressive rate hikes remaining.
In such an environment, the healthcare sector is more defensive, and tends to outperform the broader market. Beyond this defensiveness, the sector possesses some growth characteristics as well, coming from the ability to deliver significant innovation to patients.
Resilience of the healthcare sector
The healthcare sector is known for its defensiveness and resilience. The relatively inelastic demand for healthcare services means that earnings tend to be better protected with less severe downside in times of softening economic growth.
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