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Early prediction and further analysis of acute diseases using diagnostics devices, the integration of new technologies, and research breakthroughs have enabled the diagnostics and research industry to grow significantly over the past few years. The heightened need for advanced diagnostics and research services in identifying chronic and infectious diseases should keep driving the industry’s growth. The global point of care diagnostics market size is expected to grow at an 11.4% CAGR to $50.60 billion by 2025. So, both TMO and EXAS are expected to benefit.
But while EXAS shares have lost 27.8% in price year-to-date, TMO has surged 30%. TMO is a clear winner with 30.2% gains versus EXAS’ negative returns in terms of their past year’s performance. But which of these stocks is a better pick now? Let’s find out.
