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Top US Healthcare Sector Stocks For 2023

Want to invest in US healthcare stocks from India? Read this blog to know more. Get answers to questions like how big is the healthcare industry in the US? Find out how you can buy US stocks from India for as low as $1 using Cube Wealth.
October 17, 2023

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The US healthcare sector is a robust ecosystem of several top-notch companies from domains like pharmaceuticals, biotechnology, medical equipment, managed healthcare, and more. 

It would be reasonable to assume that healthcare may be a key player in the growth of the US economy. After all, solid healthcare services ranging from potent medicines to doctors are a pillar of well being. 

As it turns out, healthcare is indeed pivotal to the US economy as it contributes the 5th largest revenue to the overall GDP. But that's not all. The US spends the most on healthcare compared to any country. 

In this blog, we'll help you understand where healthcare sector stocks factor into all of this. Let's begin by taking a look at the top 15 US healthcare stocks for 2023. 

15 Best US Healthcare Sector Stocks In 2023




Market Cap 

Stock Price

UnitedHealth Group Incorporated


$386.106 Billion


Johnson & Johnson


$448.581 Billion


Pfizer Inc


$220.885 Billion




$204.723 Billion


Medtronic plc


$172.688 Billion


CVS Health Corporation 


$118.109 Billion


Intuitive Surgical, Inc


$99.418 Billion


Cigna Corporation


$89.299 Billion


Zoetis Inc


$83.749 Billion


Vertex Pharmaceuticals Incorporated 


$54.111 Billion


McKesson Corporation


$31.31 Billion


Teladoc Health, Inc


$22.535 Billion


DaVita Inc


$12.939 Billion


Quidel Corporation


$5.038 B


Sage Therapeutics, Inc


$4.145 Billion


Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. The companies mentioned in the tables are listed in no particular order and are a reflection of US' most popular healthcare sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset.

How Big Is The Healthcare Industry In The US?

Healthcare is an essential component of every major economy. That's true for the US as well. In fact, healthcare is the fastest-growing sector in the US as indicated by*: 

  1. Spending: $11,582 per person
  2. Contribution: 17.7% of GDP
  3. Revenue: ~$476 billion

For context, the US healthcare sector generates more revenue than Japan and Latin America combined. The reason behind the high revenue and quality facilities may be attributed to two major factors: 

  1. Innovation: the best healthcare companies in the US are driven by a strong business model, research grants, funding, and personnel that catalyses constant research and innovation.
  2. Growth: the US healthcare system is backed by strong public and private investments as well as government support.

Furthermore, the 2024 growth forecast data of healthcare sector components like Pharmaceuticals is estimated to be ~25% while the IT division of healthcare may grow by more than 45%.  

Is The US Healthcare Sector A Good Investment?

The S&P 500 Health Care tracks 62 of the best US companies across domains like: 

  • Pharmaceuticals
  • Diagnostics & services
  • Medical devices
  • Drugs & vaccines
  • Managed healthcare & insurance
  • Payers & providers

Here's a snapshot of the S&P 500 Health Care index's returns over time:







1 Year


3 Years


5 Years


10 Years


Source: S&P 500 Global

The data above indicates that the US healthcare sector can generate potentially high returns. But it has 62 shares, each of which has its own pros and cons. That's where an app like Cube Wealth can help you. 

How To Invest In US Healthcare Sector Stocks?

Cube gives you access to US stock advice from RIA Rick Holbrook who currently manages ~$130 million for HNIs. Rick's advice can help you build the perfect portfolio of US stocks that work for your financial goals. 

But wait, there's more. You can buy US stocks for as low as $1 using the Cube Wealth app. There are more than 3000 US stocks in the Cube Wealth app including companies like Pfizer Inc and Johnson & Johnson.

Here's how you can buy top US healthcare stocks using Cube Wealth:

1. Download Cube Wealth

2. Complete your KYC

3. Finish LRS formalities

4. Transfer money to brokerage account

5. Invest in US healthcare stocks

Ready to roll? Get started now

*Data indicates figures for 2019 as published by the Centre for Medicare & Medicaid Services and Statista.

Watch this video to know more about US stock advice on Cube Wealth

Other Posts You May Like:


1. Are these stocks suitable for both short-term and long-term investors?

Ans. The suitability of these stocks depends on your investment goals. While some may offer short-term potential, many are chosen for their long-term growth prospects and stability.

2. What are the risks associated with investing in the healthcare sector?

Ans. Risks include regulatory changes, clinical trial failures, patent expirations, and market competition. Healthcare stocks can be impacted by external factors, such as political decisions and global health crises.

3. How can I invest in these healthcare sector stocks?

Ans. You can invest in these stocks through brokerage accounts, both traditional and online. Be sure to do thorough research and consider diversifying your investments.

4. What criteria were used to select the top healthcare sector stocks for 2023?

Ans. The selection process involved evaluating factors like revenue growth, market share, research and development efforts, regulatory approval status, and overall financial health.


In 2023, the leading healthcare sector stocks in the US provide a combination of stability, growth prospects, and durability. Given the continuous advancements in medical technology and the increasing emphasis on healthcare, these stocks offer opportunities for investors aiming to leverage the sector's potential

Priya Bansal
Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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