Given the votes are counted and the people put Democrats into the House, the Democratic party may have a more solid mandate to protect the current healthcare law.

“Health care is considered a defensive sector, along with other corners of the market like utilities and consumer staples. Investors will likely rotate into these groups heading into 2019, particularly amid the widespread volatility, said Michael Bapis, managing director with Vios Advisors at Rockefeller Capital Management,” according to CNBC.

Industry observers argue that medical technology companies can tap into increased healthcare spending among emerging economies while the U.S. market has matured and could experience slower growth. Looking ahead, in the years through 2024, spending growth is projected to average 5.8% and peak at 6.3% in 2020.

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