3 healthcare shares I would buy and hold forever

Thanks to ageing populations and increased chronic disease burden, I’m very bullish on the healthcare sector over the next decade.

I think this could arguably make it one of the best areas of the market to make buy and hold investments.

Here are three healthcare shares which I would consider buying for the long-term today:

Although the CSL Limited (ASX: CSL) share price has rallied a massive 42% so far this year, I still believe the biotherapeutics company could be a great long-term buy and hold investment. Thanks to its industry leading and highly profitable immunoglobulins business, I believe CSL is capable of delivering above-average profit growth for the foreseeable future.

The Nanosonics Ltd. (ASX: NAN) share price has fallen around 15% year-to-date following last year’s meteoric rise. I believe this has left the shares of this infection control specialist trading at a great price for buy and hold investors. Demand for its trophon EPR ultrasound probe disinfection system has been growing strongly for the last few years. Thanks to changes to guidelines, I expect demand to continue to increase for a while to come.

The Ramsay Health Care Limited (ASX: RHC) share price is up around 3% this year. With demand for healthcare services expected to increase strongly over the next decade as populations around the world age, I think Ramsay and its hospitals are positioned perfectly to profit. Because of this I feel Ramsay is one of the best buy and hold investment options on the Australian share market.

As well as CSL, Nanosonics, and Ramsay, I think these three shares could also be great buy and hold investments as well.

Each has been growing earnings at a strong rate and I expect more of the same in FY 2018.

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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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