When you're investing with a decade-long time horizon, short-term noise matters far less than business quality and long-term growth potential.
But which ASX 200 growth shares could be top picks for the long term? Let's take a look at three that I think look well placed to deliver strong returns over the next 10 years. They are as follows:
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Life360 Inc (ASX: 360)
Life360 could be a top ASX 200 growth share to buy and hold. Its app, which helps families stay connected through location sharing, driving alerts, and emergency assistance, now reaches over 90 million monthly active users globally.
But what makes Life360 particularly compelling as a long-term holding is its transition from user growth to monetisation. The company is steadily converting free users into paying subscribers, lifting recurring revenue and margins in the process. And with a massive addressable market and relatively low penetration outside the US, there is still significant runway ahead.
If management continues to execute successfully, Life360 could evolve into a global consumer subscription powerhouse over the coming decade.
ResMed Inc (ASX: RMD)
Another ASX growth share to look at is ResMed. It operates in one of the most attractive areas of global healthcare: sleep apnoea and respiratory care.
There are an estimated one billion people worldwide that suffer from sleep apnoea, with the vast majority still undiagnosed. The company is a clear leader in sleep devices, masks, and cloud-connected software that helps clinicians monitor patient outcomes. This gives it a huge growth runway over the next decade, especially as sleep health education and awareness increases.
Over a 10-year period, these structural drivers could translate into robust earnings growth, strong cash generation, and ongoing reinvestment into innovation.
Temple & Webster Group Ltd (ASX: TPW)
Finally, Temple & Webster could be an ASX 200 growth share to buy and hold for 10 years. In recent years, it has firmly established itself as Australia's leading online furniture and homewares retailer, capitalising on the long-term shift toward e-commerce.
Despite the company's strong growth, it is operating in a furniture market that remains one of the least penetrated retail categories online. As more and more sales shift online, this bodes well for its future growth.
In addition, the company's asset-light, digital-first model allows it to scale without the heavy costs faced by traditional retailers. Its expanding private-label range also provides scope for margin improvement over time.
If online penetration continues to rise and Temple & Webster maintains its execution discipline, this is an ASX 200 growth share that could look significantly larger and more profitable a decade from now.
