The Silicon chip and the stethoscope have long gone hand in hand. Indeed, Moore’s Law, a widely used forecast of rising computing power, can often seem to be nudging healthcare into the realm of science fiction, with life-saving high-tech innovations coming at a rapid rate today — and plenty more in the pipeline. That is surely good news for investors, and not only those with a medical focus.
“The potential for growth extends beyond the traditional healthcare sector,” says Sarbjit Nahal, head of Thematic Investing at BofA Merrill Lynch Global Research. With the provision that rising chip speeds can render a promising technology obsolete all too quickly (DVD, say hello to cloud streaming), here are the top five innovations Nahal and fellow “futurologist” Joseph Quinlan, head of Market & Thematic Strategy at U.S. Trust, think may offer investment opportunities in the years ahead.
Illustration Credit: Merrill Lynch