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The dominant role played by the healthcare industry in the global health crisis has propelled capital inflows from governments and private organizations. Also, the disruptive progress in the field of genomics and diagnostic testing achieved by leveraging technology is expected to revolutionize healthcare. In this regard, investor and founder of the world’s largest actively traded ETF company, Cathie Wood, said in a recent CNBC interview, “DNA sequencing is going to introduce science into healthcare decision making for the first time…We’re going to be able to cure diseases that we never thought it would be possible to cure, including cancer.”
Wall Street analysts expect the healthcare industry to emerge as one of the best performers in the coming months, given the innovative breakthroughs made so far and its boundless growth potential. As investors rotate toward the healthcare industry to hedge against market volatility, analysts expect Invitae Corporation (NVTA) and OPKO Health, Inc. (OPK) to rally more than 40% in the near term.
