Here are 3 fast-growing healthcare shares on my shopping list

The CSL Limited (ASX:CSL) share price is one of three in the healthcare sector which I think can continue to climb higher. Here's why…

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When it comes to investing in the healthcare sector I believe Australian investors are spoilt for choice.

But with so many high quality shares to choose from, the hardest part can be deciding which to invest in.

To help you in your search I've picked out three of my favourite healthcare shares which I'm considering investing in. Here they are:

The CSL Limited (ASX: CSL) share price may be up sharply this year, but I believe there's plenty left in the tank of this high-quality biotherapeutics company. Due to its leading immunoglobulins business and its growing influenza vaccine business, I believe CSL is capable of delivering above-average profit growth for the foreseeable future. While its shares may be expensive at 30x trailing earnings, I feel its positive outlook justifies the premium.

The Medical Developments International Ltd (ASX: MVP) share price has tumbled 22% in the last 12 months. I believe this could make it an opportune time to snap up shares in the company behind the Penthrox pain management product. In the last couple of years the company has expanded the global presence of the product significantly. I expect this to result in bumper earnings growth over the next decade, which could make this fast-growing healthcare company a good buy and hold investment option.

The Nanosonics Ltd. (ASX: NAN) share price has rocketed 32% in the last 12 months as investors fight to get a slice of this infection control specialist. It isn't hard to see why Nanosonics is a market darling right now. Thanks to the growing demand for its trophon EPR ultrasound probe disinfection system, Nanosonics reported a stunning 131% jump in half-year sales to $36.1 million. As the technology is arguably the best in its class, I expect to see this strong demand continue for some time to come.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Nanosonics Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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