Novocure is evaluating the therapy in clinical studies targeting non-small cell lung cancer, ovarian cancer, brain metastases, and pancreatic cancer. TTFields has already been approved for treating glioblastoma (a type of brain cancer) and mesothelioma (a cancer caused by exposure to asbestos). The therapy uses electrical fields to disrupt cancer cell division.

Novocure markets a novel therapy for treating cancer called Tumor Treating Fields (or TTFields).Over the long run, the company looks to have tremendous growth opportunities ahead with an aging population requiring the types of surgical procedures for which da Vinci is frequently used. Although the availability of vaccines has helped return Intuitive’s business to its previous strong growth, the pandemic helped cause a challenging supply chain environment for Intuitive and its customers. The COVID-19 pandemic hurt the company’s business since many elective surgeries were postponed.

The company’s da Vinci robotic surgical system has been used in more than 10 million procedures since its introduction in 1999.

Intuitive Surgical is a great example of a medical device stock that also falls into the category of surgical stocks.

The company is also developing drugs targeting other rare genetic diseases, as well as more common diseases, including type 1 diabetes. Vertex’s newest CF drug, Trikafta, could boost the number of patients its drugs can treat by more than 50%. The company primarily focuses on developing drugs that treat the underlying cause of cystic fibrosis (CF), a rare genetic disease that damages lungs and other organs.

Vertex Pharmaceuticals stands out as one of the top biotech stocks on the market.

We’ll break down at least one example of each below with a look at Vertex Pharmaceuticals ( NASDAQ:VRTX), Intuitive Surgical ( NASDAQ:ISRG), Novocure ( NASDAQ:NVCR), UnitedHealth Group ( NYSE:UNH), and Teladoc Health ( NYSE:TDOC). Strong companies can be found within each type of healthcare stock. They include hospitals, physician practices, home health companies, and long-term care facilities.

Healthcare provider stocks: Healthcare providers stand at the front lines delivering healthcare services to patients.

Insurers charge premiums to individuals and employers to pay for healthcare costs, while PBMs administer prescription drug benefits for employers and health plans.

Payer stocks: Payers, including health insurers and pharmacy benefit managers (PBMs), play an especially important role in the U.S.

Medical device stocks include many health tech stocks, as well as medical equipment stocks. The devices range from disposable gloves and thermometers to artificial heart valves and robotic surgical systems.

Medical device stocks: Medical device companies make devices used to care for patients.

Drug stocks range from huge companies with billions of dollars in sales each year to small biotechs with no products on the market yet. Biotechs use live organisms such as bacteria or enzymes to develop drugs, while pharmaceutical companies use chemicals.

Drug stocks: Drugmakers focus on developing drugs that treat or prevent diseases.

Our online store is open 24 hours a day, 7 days a week We appreciate your business.The healthcare sector is so broad that there are several different kinds of healthcare stocks.

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