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.
Guardion Health Sciences, Inc. (NASDAQ:GHSI) stock has seen solid buying interest over the past few months with a gain of over 10% over the past week. Moreover, the stock has fallen 15% so far this year. On Monday, GHSI stock was up 9.46% to $0.5495 with more than 162k shares exchanged hands, below its average volume of 366K shares. The stock is trading above 27% from its 52-week low and 93% away from its 52-week high.
Last week, the company announced the launch of its new branded Shopify store for its Viactiv line of products, https://viactiv.com.
CVRx Inc. (NASDAQ:CVRX) is another stock in the Medical sector which has been showing consistent rise after the recent fall. The stock has moved down 30% over the past one month. Moreover, the stock has fallen 32% so far this year. The stock is trading above 13% from its 52-week low and 71% away from its 52-week high. The company reported preliminary unaudited fourth quarter and full year 2021 revenue results, and provided a 2022 business outlook. The company projects to report $3.6 million to $3.7 million of revenue, up 71% to 77% over fourth quarter 2020 revenue of $2.1 million. T
Treace Medical Concepts Inc. (NASDAQ:TMCI) stock continued to trend higher in Monday’s trading session. TMCI stock ended higher by 8.43% to $18.14 with more than 154K shares exchanged hands, above its average volume of 314K shares. The stock is trading above 20% from its 52-week low and 51% away from its 52-week high. Recently, the company announced that the United States Patent and Trademark Office granted to the Company U.S. Patent No. 11,213,333, titled “Bone Positioning and Preparing Guide Systems and Methods.”
Second Sight Medical Products Inc (NASDAQ:EYES) is another stock in the energy sector which has been showing consistent fall. EYES stock has moved up 6.06% on Monday on higher than average volume. However, the stock has fallen 49% over the past year. The stock is trading above 13% from its 52-week low and 93% away from its 52-week high. Second Sight Medical Products, Inc. develops, manufactures, and markets implantable visual prosthetics that are intended to deliver artificial vision to blind individuals.
G Medical Innovations Holdings Ltd (NASDAQ:GMVD) is another stock in the medical sector which has been showing consistent rise. The stock has moved up 203% over the past one month. Moreover, the stock has jumped 195% so far this year. The stock is trading above 708% from its 52-week low and 26% away from its 52-week high.
The company announced it has entered into a securities purchase agreement with a single institutional investor to issue, in a private placement, 2,400,000 ordinary shares and warrants to purchase up to an aggregate of 2,400,000 ordinary shares, at a purchase price of $5.00 per ordinary share
