From medical devices to life-saving medicines and treatments, there's a simple reason why healthcare companies perform well against a wide range of economic backdrops and market environments. The products and services these companies provide typically remain in demand, irrespective of the macroeconomic forces driving markets.
Not only are the best healthcare stocks known for their steady growth in a variety of markets, but these businesses can present a tempting buying proposition for long-term investors. If you're looking to add more healthcare stocks to your buy basket this month, here are two no-brainer choices to consider when you do.
Intuitive Surgical (NASDAQ: ISRG) has amassed a behemoth presence in the surgical robotics market since its flagship product, the da Vinci surgical suite -- the first surgical robotics system ever to be approved for general laparoscopic surgery by the U.S. Food and Drug Administration (FDA) -- entered the market over 20 years ago. Since that time, the market opportunity for surgical robotics has exploded, and Intuitive Surgical's early formidable presence in this space has only grown.
For further details see:
2 Healthcare Stocks You Can Buy and Hold for the Next Decade