10 Best Healthcare Stocks For Long-Term Investment

2. Abbott Laboratories (NYSE:ABT)

Number of Hedge Fund Holders: 66 

Abbott Laboratories (NYSE:ABT) stands second among the best healthcare stocks for long-term investment. It discovers, develops, manufactures, and sells healthcare products.  Medical devices, established pharmaceutical products, diagnostic products, and nutritional products are some of the company’s business segments. A complex range of branded generic pharmaceutical items are sold internationally by its Established Pharmaceutical items sector. The Medical Devices division oversees the worldwide sales of goods related to electrophysiology, neuromodulation, structural heart, heart failure, rhythm management, and diabetes care.

Several growth potentials are highlighted by Abbott Laboratories (NYSE:ABT)’s primary business. One of the company’s biggest growth engines has been its FreeStyle Libre franchise in the diabetes care segment, which includes a variety of continuous glucose monitoring (CGM) devices and has the potential to increase its market share. As the world’s population ages, the corporation’s cardiovascular devices—including its structural heart portfolio—should also contribute to long-term growth.

The business generated $8.5 billion in operating cash flow in fiscal Q4 2024, which it utilized to fund capacity expansions, pay down debt, and give $5 billion back to shareholders in dividends and share repurchases. With an organic sales growth expectation of 7.5% to 8.5%, Abbott Laboratories (NYSE:ABT) is well-positioned to produce robust growth in fiscal 2025. It has a competitive advantage in the market because of its creative skills, varied business, and industry knowledge.