Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)
Lithium
42.50
(2.03%)
Gold
2,679.10
(0.01%)
Copper
4.34
(0.01%)
Oil
70.99
0%
Bitcoin
66,483.29
0.63%
FTSE 100
8,249.28
(0.52%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,740.42
(1.16%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
0%
Hang Seng
20,318.79
(3.46%)

4 ASX Medical Device Stocks To Supercharge Your Portfolio this August 2024

Investing in medical device stocks can offer substantial returns, especially when the companies involved are at the forefront of innovation and market expansion. As we head into August 2024, four ASX-listed medical device stocks stand out as prime candidates to supercharge your portfolio. Among them, OncoSil Medical is making significant strides with strategic hires and capital raises, while three other notable companies, Nanosonics, ResMed, and Cochlear, continue to demonstrate their market prowess. Let's dive into the specifics of why these stocks are worth your attention.

1. OncoSil Medical (ASX: OSL)

OncoSil Medical is a burgeoning star in the medical device sector. The OncoSilâ„¢ device delivers targeted intratumoral placement of Phosphorous-32 (32P) in the treatment of locally advanced unresectable pancreatic cancer and has already received breakthrough designations in the European Union, the United Kingdom, and the United States. While clinical trials involving the OncoSilâ„¢ device continue, the company is simultaneously moving to commercialise this unique medical technology.

This August, the company is set to welcome Peter Hall, a London-based Australian financier. Hall's association with Sirtex Medical, a company that achieved monumental success under the leadership of Gilman Wong, adds a significant layer of credibility to OncoSil. Sirtex Medical, known for its liver cancer treatment, was sold for billions, marking a high point in the healthcare sector. Both Peter Hall and Gilman Wong have recently invested in OncoSil, acquiring 2.535% and 2.002% of the securities, respectively. This latest Sirtex involvement has drawn the eyes of investors.

Additionally, OncoSil's recent capital raise of $5.3 million is a strategic move to fuel its ambitious plans. The funds will be utilised to accelerate clinical trials, expand its market presence, and invest in research and development.

With these new milestones, OncoSil is showing remarkable signs of a boom, making it a compelling choice for investors looking for higher and long term rewards.

2. Cochlear: A Leader in Hearing Solutions

Cochlear Limited (ASX: COH) is a global leader in implantable hearing solutions. The company’s innovative products, including cochlear implants, bone conduction implants, and acoustic implants, have transformed the lives of people with hearing loss around the world.

Cochlear’s consistent focus on research and development has kept it at the forefront of auditory technology. The company recently launched the Nucleus® Kanso® 2 Sound Processor, the world’s smallest and lightest off-the-ear cochlear implant sound processor, which offers improved hearing performance and user convenience.

Cochlear’s robust financial health and global market presence make it a stable and attractive investment. The company’s expanding product portfolio, strategic acquisitions, and strong market demand for hearing solutions position it for sustained growth. As hearing loss continues to be a prevalent issue, Cochlear’s innovative solutions are likely to drive long-term value for investors.

3. Paragon Care Limited: Comprehensive Healthcare Solutions

Paragon Care Limited (ASX: PGC) is a leading provider of medical equipment, devices, and consumables across various healthcare sectors, including acute care, aged care, and primary care. The company’s diverse product portfolio and strategic acquisitions have cemented its position as a key player in the Australian healthcare market.

Paragon Care’s recent acquisition of REM SYSTEMS, a leading distributor of medical devices and consumables in Australia and New Zealand, has significantly enhanced its market presence and product offerings. This acquisition aligns with Paragon Care’s growth strategy of expanding its footprint and diversifying its revenue streams.

The company’s strong focus on customer service, product innovation, and operational efficiency drives its competitive advantage. With a robust supply chain and a comprehensive range of healthcare solutions, Paragon Care is well-positioned to meet the evolving needs of the healthcare industry, making it an attractive investment for those looking to diversify their portfolios.

4. Fisher & Paykel Healthcare Corporation Limited: Innovating Respiratory Care

Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) is renowned for its innovative respiratory care and humidification products. The company’s products are used in hospitals and homes worldwide, helping to improve patient outcomes and quality of life.

Fisher & Paykel Healthcare’s recent advancements include the launch of the F&P Evora™ Full Mask, a compact full-face CPAP mask designed to provide comfort and effective therapy for sleep apnea patients. The company’s continuous investment in research and development ensures a steady pipeline of innovative products that cater to the growing demand for respiratory care solutions.

The company's potential for growth is highlighted by its robust financial performance, which is fueled by its extensive global market reach and diverse product portfolio. Fisher & Paykel Healthcare’s commitment to improving patient care through innovative products positions it as a leader in the healthcare sector, attracting investor interest.

August 2024: Best Medical Device Stocks to Invest In

The healthcare sector, particularly the medical device industry, offers compelling investment opportunities. OncoSil Medical, Cochlear, Paragon Care Limited, and Fisher & Paykel Healthcare Corporation Limited are standout performers that have the potential to supercharge your portfolio this August. 

With innovative products, strategic expansions, and robust financial health, these companies are well-positioned to deliver substantial returns. As the demand for advanced healthcare solutions continues to grow, these ASX-listed medical device stocks offer promising prospects for savvy investors.


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