Health Care splits into two big engines: Pharmaceuticals, Biotechnology & Life Sciences and Health Care Equipment & Services. This hub gives you the KPIs that actually move value in each subsector, how to value them, and curated research posts to build intuition fast.

Start with the introduction to the Health Care Sector (GICS 35), then move to each of the below subsectors below.

U.S. HEALTH CARE SECTOR PRIMER

Deep Dives by Subsector

Pharmaceuticals

Primer on the U.S. Pharmaceuticals Sector: Foundation for Analysis

Biotechnology

A Primer on the Biotechnology Sector (GICS 352010): Foundation for Analysis

Life Sciences Tools & Services

Installed base, consumables mix, and lab budgets; pull-through is the flywheel.

Medical Equipment & Supplies (MedTech)

Procedure volumes, ASPs, recurring disposables, and installed base growth.

Providers

Case volumes, payer mix, reimbursement rate changes, and labor cost curve.

Payers (Managed Care)

Membership growth, MLR, risk adjustment, and pricing power in commercial vs government.

Distributors

Throughput economics, working capital turns, fee-for-service margins, contract dynamics.

Health Care Technology

SaaS-like metrics (ARR/NRR), interoperability, and monetization via payors/providers.

See other sectors: [Technology] · [Financials] · [Energy]