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.
