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Also, the application of artificial intelligence (AI) in the industry is expected to drive further growth. According to a Grand View Research report, the use of AI in the diagnostics market is expected to grow at a 32.8% CAGR over the next seven years.
Given this backdrop, we think it could be wise to bet on fundamentally strong diagnostics and research stocks Agilent Technologies, Inc. (NYSE:A), Mettler-Toledo International Inc . (MTD), Laboratory Corporation of America Holdings (LH), and Waters Corporation (WAT).
