Wearable medical devices and the integration of artificial intelligence into medical technology are two big trends in this life science sector. Moving forward, the size of the global medical device industry is expected to grow from US$455.34 billion in 2021 to US$657.98 billion by 2028.
Nano-Cap Stocks Watchlist
Wearable Health Solutions Inc. (OTCMKTS:WHSI) is a stock to watch in the telehealth sector. Telehealth companies such as Babylon, K Health, and Doctor on Demand have brought in billions of investment dollars over the past few years. These are private companies, there are very few plays in the space available to the public, which is why WHSI stock is worth monitoring in this fast-growing market.
IRIDEX Corporation (NASDAQ:IRIX) stock continued to trend lower in Friday’s trading session. IRIX stock ended lower by 4.62% to $5.58 with more than 74k shares exchanged hands, below its average volume of 53K shares. The stock is trading above 26% from its 52-week low and 42% away from its 52-week high.
IceCure Medical Ltd (NASDAQ:ICCM) stock has seen selling interest over the past quarter with a fall of over 51% and leading loser in the sector. Moreover, the stock has soared 37% over the past year. On Friday, ICCM stock was up 0.74% to $2.74 with more than 25k shares exchanged hands, above its average volume of 219k shares.
Apollo Endosurgery Inc. (NASDAQ:APEN) stock is showing a bearish move over past few trading session as the stock jumped to a new 52-week high. In fact the stock has fallen by 28% over the past quarter. The stock is trading above 68% from its 52-week low and 43% away from its 52-week high. APEN stock ended lower by 5.44% to $5.91 with more than 752k shares exchanged hands, below its average volume of 277k shares.
Sensus Healthcare Inc. (NASDAQ:SRTS) stock continued to trade in a range after the recent jump. The stock has moved up about 128% in the past year. The stock is trading 187% from its 52-week low and just 2% away from its 52-week high. The stock jumped 3.76% to $8.83 in the previous session.
