2 Medical Device Stocks Wall Street Predicts Will Rally by 60% or More

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The United States is responsible for about half of all global healthcare spending. While the COVID-19 pandemic has heightened the importance of the healthcare sector, it imposed significant supply chain constraints on medical devices companies. However, with the demand for advanced medical devices now recovering, the global medical devices market is expected to reach $623 billion by 2026, growing at a 5% CAGR.

As such, Wall Street analysts expect quality medical devices stocks Varex Imaging Corporation (VREX) and Accuracy Incorporated (ARAY) to rally more than 60% in price in the coming months.

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