Give your portfolio a lift with these top healthcare shares

The Nanosonics Ltd. (ASX:NAN) share price is one of two I think could be great value today…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Although the healthcare sector has been one of the best performing sectors on the market this year, I don't believe for a second that it is too late to gain exposure to it.

Two healthcare shares which I would suggest investors consider snapping up today are listed below. Here's why I like them:

Nanosonics Ltd. (ASX: NAN)

With its shares down sharply over the last 12 months, I think this infection control specialist is a great option for investors today thanks to its trophon EPR product. The best-in-class disinfection technology continues to grow in popularity with hospitals due to being environmentally friendly and wholly effective at disinfecting ultrasound probes.

At the last count the trophon product's installed base had grown to 14,100 units globally. With management estimating a global opportunity of 120,000 units, I believe Nanosonics still has a significant runway for growth over the next decade.

Zenitas Healthcare Ltd (ASX: ZNT)

This home care and health services company may be a relatively new listing on the Australian share market, but it is one which I think will soon be on the radar of many investors. Although the company operates just 54 locations throughout Australia, it has its eyes firmly fixed on growth through acquisition opportunities.

Providing these can be done at a fair price, I suspect Zenitas could grow significantly in the coming years. Especially with the National Healthcare Reform pushing the burden of healthcare services from hospitals into primary care.

Motley Fool contributor James Mickleboro has no position in any of the 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »