With the world rapidly adopting digital healthcare solutions, investing in ehealth stocks is becoming increasingly popular. The ehealth industry has been growing exponentially in the past few years, and with the ongoing COVID-19 pandemic accelerating the transition to digital healthcare, it’s only expected to continue its upward trajectory.
In this blog post, we’ll take a look at the top 5 ehealth stocks to buy in 2021.
1. Teladoc Health Inc. (TDOC)
Teladoc is a leader in virtual healthcare, providing video, phone, and app-based consultations with licensed physicians. Its services include medical consultations, mental health support, and chronic care management. With a market cap of over $22 billion, Teladoc’s stock has seen massive growth in 2020, and the trend is expected to continue in 2021.
2. Livongo Health Inc. (LVGO)
Livongo Health provides remote monitoring and coaching solutions for people with chronic conditions. Their platform uses AI-powered insights to provide personalized recommendations and guidance to users. With a focus on diabetes management, Livongo has seen explosive growth in recent years, with their stock rising to over 600% since their IPO in 2019.
3. Amwell Inc. (AMWL)
Amwell is a telemedicine company that provides virtual consultations with healthcare providers on demand. Their services include medical consultations, mental health support, and remote monitoring for chronic conditions. With a market cap of over $8 billion, Amwell’s stock has seen significant growth in 2020, and with the pandemic driving demand for virtual healthcare solutions, the trend is expected to continue.
4. DexCom Inc. (DXCM)
DexCom is a leader in continuous glucose monitoring systems for people with diabetes. Their devices provide real-time blood glucose level data, allowing patients and physicians to make informed treatment decisions. With a market cap of over $35 billion, DexCom’s stock has seen consistent growth in recent years, and their expansion into international markets is expected to further boost their growth potential.
5. ResMed Inc. (RMD)
ResMed provides medical devices and software solutions for the diagnosis, treatment, and management of sleep apnea and other sleep-related disorders. With a focus on digital solutions, their products allow for remote monitoring and personalized care for patients. With a market cap of over $28 billion, ResMed’s stock has seen steady growth in the past few years, and their market leadership in sleep apnea treatment is expected to drive continued growth.
In conclusion, ehealth stocks are poised for significant growth in 2021 and beyond. With the ongoing pandemic driving demand for virtual healthcare solutions, ehealth companies are well-positioned to benefit. Teladoc Health, Livongo Health, Amwell, DexCom, and ResMed are all industry leaders with strong growth potential, making them top ehealth stocks to consider for your investment portfolio.
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