Invest in DOCS, BTSG, and EMBC due to projected growth in healthcare analytics market.
From Nasdaq: 2025-01-02 23:55:00
- The Medical Services sector is evolving rapidly with advancements in technology, value-based care, and patient-centric solutions. The global healthcare analytics market is projected to reach $43.1 billion by 2023, with a 21.1% CAGR from 2024 to 2030. Companies like DOCS, BTSG, and EMBC are poised to benefit from this transformation.
- The demand for skilled nursing professionals is at an all-time high, with projections indicating a deficit of over 100,000 healthcare workers in the US by 2028. Nursing assistants are expected to face the largest shortfall, leading to increased labor costs and healthcare expenses. Strategies to attract and retain talent are crucial.
- Three trends shaping the future of the Medical Services industry include the digital revolution, the revival in the nursing care market, and staffing shortages. Companies like Doximity, BrightSpring, and Embecta are leading the way with innovative solutions and strong earnings outlook, positioning them as key players in the industry.
- Despite the industry’s potential, the Zacks Medical Services sector is currently ranked at #140, indicating dull prospects in the near term. While the industry has underperformed compared to the sector and S&P 500, companies like DOCS, BTSG, and EMBC stand out as top picks with positive earnings estimates and a Zacks Rank #1.
- Looking ahead, the Medical Services Industry presents opportunities for growth and innovation, particularly in digital health, nursing care, and addressing staffing shortages. Companies that can adapt to these trends and provide value-based care solutions will have a competitive edge in the evolving healthcare landscape.
Read more at Nasdaq: 3 Medical Services Stocks to Buy to Counter Labor Shortage Woes