"The health care industry suffered a significant decline in market valuation in 2021 and 2022 was expected to see a recovery and strengthening," says David Dodd. However, he states that the inflationary concerns are providing a challenging outlook. Also, Damien Conover believes that the recent healthcare outperformance is partly due to the relative safety that healthcare stocks provide in the backdrop of the war in Ukraine and inflationary trends.
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