This post was originally published on this site
Because the healthcare sector’s focus has been shifting of late to treating several diseases that were deprioritized last year due to the COVID-19 pandemic, the medical devices industry is seeing significant growth this year. Investors’ interest in the medical devices sector is evident in the iShares U.S. Medical Devices ETF’s (IHI) 4.3% gains over the past month compared to the SPDR S&P 500 Trust ETF’s (SPY) 3.3% returns.
According to a report by Facts and Factors, the medical device market is expected to grow at a 5% CAGR from 2021 – 2026. Consequently, both ITGR and CFMS should benefit.