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Healthcare has underperformed the market this year. However, there are several factors that are driving demand and we can see them gradually play out in the hospital and clinic sectors.
On the whole there is a lot of pent up demand in healthcare particularly for procedures. In many cases, as people put off getting medical care, the situation became worse which led to more surgical procedures unfortunately. So there’s more demand coming in than otherwise would. Furthermore, the labor situation is improving drastically and so are supply chains.
Today we look at one such company that stands to benefit from these trends.