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In addition, the COVID-19 pandemic has changed consumers’ outlook to now value healthier and more sustainable lifestyles. It is no longer exclusively physical health that consumers are seeking. Instead, holistic development that includes environmental health, food health, mental health, and social health are in much greater demand. The pandemic has accelerated trends in health and sustainability, thereby driving changes in consumer behavior. Furthermore, the global healthcare cloud computing market, which can be viewed as a branch of the sustainable healthcare industry, is expected to grow at a 28.5% CAGR CAGR between 2020 – 2026.
Given this backdrop, we think it could be wise for socially conscious investors to bet on fundamentally strong ESG healthcare stocks Johnson & Johnson (JNJ), Bristol-Myers Squibb Company (NYSE:BMY), AmerisourceBergen Corporation (ABC), and DENTSPLY SIRONA Inc. (XRAY).
