10 Healthcare Innovations That Will Change the World
Here's a closer look at the medical world's next biggest quantum leaps
By James Brumley
Source: Investor Place
http://investorplace.com/2016/07/10-hea ... 4_-c7h96M8
“With staples trading at 22x on [next-12-month] PE, its valuation is even richer than [low volatility, momentum, quality, and growth stocks] and all sectors (especially with its defensive peer healthcare 16.5x)”
The health care sector is expected to grow at a 6.4% pace over the next year, while staples are only projected to grow 3.8%.
Health care also has a higher average dividend yield, at 4.3% versus 4.1% for staples.
Moreover, the health care sector is only paying out 70% of its profits in dividends, while staples are paying out almost 100%.
Asia’s population is ageing faster than anywhere in the world, a study said on Thursday, warning the swelling ranks of the elderly will cost the region US$20 trillion in health care by 2030.
Health systems, businesses and families across Asia-Pacific will come under huge pressure as some 200 million people pass the age of 65 by then, according to the Singapore-based Asia Pacific Risk Centre.
Yearly spending on caring for the elderly is expected to reach US$2.5 billion – five times the cost in 2015 – the study said.
By 2030, there will be 511 million elderly people in the region, out of 3.8 billion, according to the study.
Japan will become the first “ultra-aged” country, with elderly people accounting for 28 per cent of its population, while a fifth of people in Hong Kong, South Korea and Taiwan will be 65.
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