In fact, some market observers believe that the sector’s 2023 struggles coupled with the aforementioned positive characteristics make it worth examining today. “The sector has a history of stability and outperformance during periods of both recession and inflation, as healthcare demand has historically held firm regardless of economic conditions,” according to BlackRock. Slowing economies call for the resilience that healthcare companies can offer, yet the sector remains at a 10% discount to global equity markets compared to an average premium of 3% over the past two decades,” concluded BlackRock.