With the continuing spread of the COVID-19 Delta variant, and the rising need for treatments for several chronic diseases, the healthcare industry is expected to keep growing in the near term. So, we think it could be wise to scoop up the shares of quality healthcare stocks Takeda Pharmaceutical (TAK) and ICU Medical (NASDAQ:ICUI). Read on.As multiple coronavirus variants continue to be identified, and as the aging population grows and chronic diseases rise, the healthcare industry is expected to attract increasing investor attention. Investors’ interest in this space is evident in the Health Care Select Sector SPDR Fund’s (XLV) 15.1% year-to-date returns.
Last month, the Biden administration allotted nearly $1 billion in American Rescue Plan Funds to modernize Health Centers and support Underserved Communities. This should further drive the industry’s growth. Furthermore, because the healthcare sector is relatively stable, it could be wise to bet on quality healthcare stocks amid the current market volatility.
Takeda Pharmaceutical Company Limited (NYSE:TAK) and ICU Medical, Inc. (ICUI) are two fundamentally sound healthcare stocks that could generate massive returns in the coming months. They have an A grade for Growth in our POWR Ratings system. So, it could be wise to add these stocks to one’s portfolio now.