Healthcare and Pharmaceutics
The global pharmaceutical industry tops $1.2 trillion in sales each year. That’s a huge market, and it creates tremendous opportunities for long-term investors as well as quality-of-life advancements for patients. And the COVID-19 pandemic has drawn even more attention to pharmaceutical companies developing coronavirus drug and vaccine candidates. Along with these opportunities, though, come significant risks.
How should you invest in pharmaceutical stocks? Investors should look to pharma stocks for their potential to reap solid long-term returns that outperform the broader market. These returns are possible because pharmaceutical companies develop products people need drugs that treat or prevent diseases and vaccines for immunization against bacterial and viral infections and continually invest in research and development to launch new drugs. The increasing number of older people, many of whom need prescription medicines, is a boon to the healthcare sector, pharma companies in particular.
Despite a reputation for being high risk, pharma companies can be compelling for long-term investors. With the possibility of patented entry into new areas of treatment, the pharmaceutical industry can present profitable opportunities for those who do their research. When it comes to investing in a publicly traded pharmaceutical company, investors should keep a close eye on these firms when they reach the clinical trial stage. Clinical trials are often a make-or-break chance for companies and their products — successful results can lead to big gains in the market, but failures or lack of advancement can have the opposite effect.
Conveniently located in the heart of three continents, Turkey is the rising star of international wellness and health industry, with her dynamic and skilled workforce, intensive investments, booming number of hospitals and medical institutions, and extensive healthcare services. Unsurprisingly, the medical product and pharmaceutical industries are both thriving to become the impeccable healthcare services provided to millions from all around the globe.