SaMD Drives All Facets Of US Healthcare: 3 Stocks To Watch
Zacks Investment Research | Dec 05, 2019 07:48AM ET
Technology and healthcare have been going hand in hand for years. The advent of health wearables, 3D printing, robotic surgery and virtual reality in the form of software has been a game-changer in the global digital healthcare industry. In fact, the past 20 years have seen acceleration in the trend of using software as medical devices, courtesy of the emergence of IoT.
This has given rise to Software as a medical device (SaMD), a software that serves as a medical product.
For investors’ notice, SaMD serves as an accessory to a medical device. The class of software is available on mobile apps, intended to treat, diagnose, cure, mitigate or prevent diseases or other conditions. It is typically used alongside non-medical computing platforms, which may be connected to virtual networks, traditional medical devices or other general-use hardware.
Needless to say, this makes healthcare an increasingly lucrative space for investors.
Let’s see how.
SaMD Changing Digital Health Landscape
It is encouraging to note that SaMD opportunities are driving breakthroughs in digital health solutions. In fact, industry ’s 4.3% decline.
McKesson’s earnings are expected to grow 7% over the next five years.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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