The Perfect Small Stock For Playing The $72 Billion Digital Healthcare Sector

Of all the changes the ongoing coronavirus pandemic forced on us, the change in healthcare has got to be one of the most profound.

Whether we’re managing a chronic condition, like high blood pressure, say, or an acute illness like strep throat, the market demand for healthcare needs hasn’t decreased a bit, but COVID-19 has made getting in to see a primary or specialist physician a lot more complicated and, in some cases, a lot riskier.

That means telemedicine, and the broader field of digital healthcare, are the name of the game right now. The $20 billion Teledoc-Livongo merger is proof of that.

Stethoscope, Hospital, Doctor, Health, Medicine

Image Source: Pixabay

That merger opened the floodgates, but the truth is the entire sector is taking off, thanks in part to the pandemic, but mostly because of an inevitable, long-term trend of increasing digitization across medicine as a whole.

And as we’ve seen so many times before when it comes to technology, the best profits go to savvy investors who recognize and ride the right trends.

I know one small digital healthcare firm that’s in a great position right now…

Taking Healthcare into the 21st Century

One of the reasons digital healthcare “works” so well is because it empowers patients – people. Time was, if you needed, say, an electrocardiogram, you’d go to a specialist, wait, wait some more, take the test, and then hear back eventually.

These days, of course, you can do it yourself with an app on an Apple Watch. You can check your blood oxygen levels – a critically important indicator for COVID-19 patients – with your Samsung Galaxy phone.

If you need to talk to a primary care doc to manage diabetes, you can do that online. You can pull up your medical charts and records anywhere, anytime.

That’s the essence of digital healthcare. It’s keeping people healthier and improving medical outcomes, and it’s lowering costs, to boot.

It’s also going to be worth an estimated $72 billion before long.

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