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Healthcare Stocks List

List of Healthcare Stocks

7 min read

The Bullish Bears break down a list of the largest healthcare stocks and ETFs list. Healthcare is a large and growing industry, with about $8.3 trillion spent globally and about $3.8 trillion spent in the U.S. There are several types of healthcare stocks, including drug stocks (companies that develop drugs), medical device stocks (companies that make medical devices), payer stocks (companies that charge premiums for healthcare coverage), and healthcare provider stocks (companies that deliver healthcare services).

To find a good healthcare stocks list, you should consider a company’s growth prospects, financial strength, leadership and management, and valuation. It would help if you also considered the risks involved in investing in healthcare stocks, such as regulatory risks, clinical trial failures, and competition.

We are not affiliated with nor endorse any of these companies, and nothing on this site constitutes a recommendation to buy or sell. 

Chart by TradingView

SymbolNameIndustry
UNHUnitedHealth Group IncorporatedHealthcare Plans
JNJJohnson & JohnsonDrug Manufacturers - General
LLYEli Lilly and CompanyDrug Manufacturers - General
ABBVAbbVie Inc.Drug Manufacturers - General
PFEPfizer Inc.Drug Manufacturers - General
MRKMerck & Co., Inc.Drug Manufacturers - General
TMOThermo Fisher Scientific Inc.Diagnostics & Research
DHRDanaher CorporationDiagnostics & Research
ABTAbbott LaboratoriesMedical Devices
BMYBristol-Myers Squibb CompanyDrug Manufacturers - General
AMGNAmgen Inc.Drug Manufacturers - General
CVSCVS Health CorporationHealthcare Plans
ELVElevance Health Inc.Healthcare Plans
GILDGilead Sciences, Inc.Drug Manufacturers - General
CICigna CorporationHealthcare Plans
ISRGIntuitive Surgical, Inc.Medical Instruments & Supplies
SYKStryker CorporationMedical Devices
REGNRegeneron Pharmaceuticals, Inc.Biotechnology
VRTXVertex Pharmaceuticals IncorporatedBiotechnology
BDXBecton, Dickinson and CompanyMedical Instruments & Supplies

Healthcare ETF List

SymbolETF NameIndustry
XLVHealth Care Select Sector SPDR FundBroad Healthcare
VHTVanguard Health Care ETFBroad Healthcare
IBBiShares Biotechnology ETFBiotechnology
XBISPDR S&P Biotech ETFBiotechnology
IHIiShares U.S. Medical Devices ETFMedical Devices
IXJiShares Global Healthcare ETFBroad Healthcare
IYHiShares U.S. Healthcare ETFBroad Healthcare
FHLCFidelity MSCI Health Care Index ETFBroad Healthcare
ARKGARK Genomic Revolution ETFBiotechnology
FXHFirst Trust Health Care AlphaDEX FundBroad Healthcare
IHFiShares U.S. Healthcare Providers ETFHealthcare Services
FBTFirst Trust NYSE Arca Biotechnology Index FundBiotechnology
RYHInvesco S&P 500® Equal Weight Health Care ETFBroad Healthcare
LABUDirexion Daily S&P Biotech Bull 3x SharesBiotechnology
PPHVanEck Pharmaceutical ETFPharmaceutical
BBHVanEck Biotech ETFBiotechnology
IHEiShares U.S. Pharmaceuticals ETFPharmaceutical
XHESPDR S&P Health Care Equipment ETFMedical Devices
PJPInvesco Dynamic Pharmaceuticals ETFPharmaceutical
PSCHInvesco S&P SmallCap Health Care ETFBroad Healthcare
PBEInvesco Dynamic Biotechnology & Genome ETFBiotechnology
PTHInvesco DWA Healthcare Momentum ETFBroad Healthcare
CUREDirexion Daily Healthcare Bull 3x SharesBroad Healthcare
GNOMGlobal X Genomics & Biotechnology ETFBiotechnology
XPHSPDR S&P Pharmaceuticals ETFPharmaceutical
IDNAiShares Genomics Immunology and Healthcare ETFBiotechnology
EDOCGlobal X Telemedicine & Digital Health ETF RegisteredBroad Healthcare
LABDDirexion Daily S&P Biotech Bear 3x SharesBiotechnology
XHSSPDR S&P Health Care Services ETFHealthcare Services
GDOCGoldman Sachs Future Health Care Equity ETFBroad Healthcare
SBIOALPS Medical Breakthroughs ETFBiotechnology
BIBProShares Ultra Nasdaq BiotechnologyBiotechnology
KUREKraneShares MSCI All China Health Care Index ETFPharmaceutical
HTECROBO Global Healthcare Technology and Innovation ETFBroad Healthcare
RXLProShares Ultra Health CareBroad Healthcare
PINKSimplify Health Care ETFBroad Healthcare
BTECPrincipal Healthcare Innovators ETFBiotechnology
FTXHFirst Trust Nasdaq Pharmaceuticals ETFPharmaceutical
AGNGGlobal X Aging Population ETFBroad Healthcare
POTXGlobal X Cannabis ETFPharmaceutical
VMOTAlpha Architect Value Momentum Trend ETFHealthcare Services
CNBSAmplify Seymour Cannabis ETFBroad Healthcare
GERMETFMG Treatments Testing and Advancements ETFBroad Healthcare
CNCRLoncar Cancer Immunotherapy ETFBiotechnology
IBBQInvesco Nasdaq Biotechnology ETFBroad Healthcare
BBPVirtus LifeSci Biotech Products ETFBiotechnology
BBCVirtus LifeSci Biotech Clinical Trials ETFBiotechnology
HELXFranklin Genomic Advancements ETFBiotechnology
CHIHGlobal X MSCI China Health Care ETFPharmaceutical
PILLDirexion Daily Pharmaceutical & Medical Bull 3X SharesPharmaceutical
FDHTFidelity Digital Health ETFBroad Healthcare
HARTIQ Healthy Hearts ETFBroad Healthcare
BISProShares UltraShort Nasdaq BiotechnologyBiotechnology
PSILAdvisorShares Psychedelics ETFBiotechnology
CHNALoncar China BioPharma ETFPharmaceutical
BMEDFuture Health ETFBroad Healthcare
IBRNiShares Neuroscience and Healthcare ETFBroad Healthcare
MSGRDirexion mRNA ETFBiotechnology
WDNAWisdomTree BioRevolution FundBiotechnology
APXHApex Healthcare ETFBroad Healthcare
CHBGlobal X China Biotech Innovation ETFPharmaceutical
MEDIHarbor Health Care ETFBroad Healthcare
KMEDKraneShares Emerging Markets Healthcare Index ETFBroad Healthcare
MDEVFirst Trust Indxx Medical Devices ETFMedical Devices
PSYKPSYK ETFPharmaceutical
RXDProShares UltraShort Health CareBroad Healthcare
PFELAXS 2X PFE Bull Daily ETFPharmaceutical
PFESAXS 2X PFE Bear Daily ETFPharmaceutical
EKGFirst Trust Nasdaq Lux Digital Health Solutions ETFBroad Healthcare
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What Are Healthcare Stocks?

As the saying goes, health is wealth. Never has this been more true than over the past few years when the COVID pandemic struck the world. In 2024, nearly $10 trillion will be spent on healthcare worldwide. It is something that nearly every human on Earth will need at some point, which makes it an essential industry. 

This also means it is an enticing industry for investors as there will always be a demand for it. Healthcare stocks cover a variety of sectors, including health insurance, medical technology, biotechs, and pharmaceuticals. There are companies that you can invest in for every part of the healthcare system. 

Healthcare stocks offer investors a wide range of investment options. Opportunities can range from some of the largest-value stocks on the market to some of the riskiest and most speculative biotech startups. This article will discuss why you might want to consider healthcare stocks for your portfolio in 2024. 

Are Healthcare Stocks a Good Investment?

Given the wide range of options in healthcare stocks, there is something for every type of investor. If we’re talking about the biggest healthcare companies, history shows they can be very safe and profitable investments. 

If you have a higher risk tolerance and want to hit a home run, you will likely be more interested in taking a swing at a biotech company. They are speculative and often have a low chance of success, but buying the right stocks at the right time can provide life-changing results. 

For those who are less risk-averse, investing in healthcare providers or big pharmaceutical companies can provide stability and dividends for your portfolio. 

Best Healthcare Stocks List

If you want to hit that biotech home run, we recommend checking out our article on the best Biotech stocks for 2024. Our choices for the best healthcare stocks include some of the largest companies in the sector, most of which are household names in America. 

1. UnitedHealth Group (NYSE: UNH)

We start with the largest healthcare company in the world by a considerable measure. UnitedHealth Group is a health insurance provider for more than 152 million people worldwide. The company has a market capitalization of over $500 billion is the largest component of the price-weighted Dow Jones Industrial Average. 

At the end of 2023, UnitedHealth divested its operations in Brazil, opting to focus more on its domestic services. Shares are expensive at more than $540.00 per share but have consistently provided market-beating returns to shareholders, plus a dividend that pays more than $7.50 annually. 

UNH Stock Rover Report 

2. Johnson & Johnson (NYSE: JNJ)

One of the world’s largest healthcare and pharmaceutical conglomerates, J&J has perenially been one of the best stocks on the market. Most people will think of the Johnson & Johnson brand for things like baby products, but the company owns some of the many household names Americans use daily. These include brands like Tylenol, Aveeno, Listerine, Band-Aid, and Polysporin.

Johnson & Johnson also operates one of the largest pharmaceutical divisions in the world. It has product stability, an extremely strong industry moat, and is one of just two American companies with a prime credit rating of AAA. JNJ is also a component of the Dow Jones Industrial Average and the S&P 100 and S&P 500 indexes. On top of that, the stock pays out a generous 2.96% dividend yield to shareholders each quarter. 

3. Intuitive Surgical (NASDAQ: ISRG)

Intuitive Surgical isn’t a household name like Johnson & Johnson or UnitedHealth. This company builds, distributes, and manages robotic surgical devices. Its Da Vinci surgical systems have reinvented the industry and have performed more than 10 million operations since 1999. 

Most of the procedures can be performed by surgeons who aren’t even in the same state as the patient. Intuitive Surgical is already a profitable company with a tremendous runway for growth in the future. 

4. Eli Lilly and Company (NYSE: LLY)

Eli Lilly is one of the world’s largest pharmaceutical companies; after a year when it gained more than 70%. As of the start of 2024, Eli Lilly has a market capitalization of nearly $600 billion and sells its products in over 125 different countries worldwide. 

The company has a strong stable of drugs, including its new weight-loss drug Zepbound, which some believe will challenge the likes of Ozempic and Wegovy. It’s not a cheap stock by any metric, but a pharmaceutical giant with a steady demand for its drugs can be a compounder for years or even decades. 

Is There a Healthcare ETF?

Yes, there is a wide variety of healthcare ETFs if you are unsure which healthcare stocks to choose. Some are specific to a certain sector, like biotech or pharmaceuticals. Here are some of our favorite healthcare ETFs for 2024. 

  • Healthcare Select Sector SPDR Fund (XLV)
  • Vanguard Healthcare ETF (VHT)
  • iShares Biotech ETF (IBB)
  • iShares US Medical Devices ETF (IHI)
  • iShares Global Healthcare ETF (IXJ)

Final Thoughts: Healthcare Stocks List

When discussing the largest healthcare companies, there is little downside in holding them for the long term. Some exceptions include lawsuits and legal action like Johnson & Johnson faced in 2023. 

The downside of investing in biotech companies is quite clear. Many of these companies put years of research into a single drug. If that drug does not receive FDA clearance to be used by patients, then the company won’t see any revenues and, in the worst scenario, could go bankrupt. 

Finally, pharmaceutical companies rely on patients requiring their drugs to make sales. If a newer treatment or better drug comes along, it could seriously dent their revenues. The same goes for a company like UnitedHealth, which provides health insurance. If the government changes a healthcare plan like Medicare, it could impact the company’s bottom line. 

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