Global Industry Classification Standard (GICS) - Health Care Sector
35 Health Care
The Health Care sector (35) encompasses an array of industries dedicated to the maintenance or improvement of health via prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments.
The Global Industry Classification Standard (GICS) is a widely accepted standard used by the global financial community for classifying companies into sectors and industries. It was developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's (S&P), aiming to provide a comprehensive, consistent framework for investment research, portfolio management, and asset allocation.
3510 Health Care Equipment & Services
This sub-sector, Health Care Equipment & Services (3510), includes manufacturers and providers of health care equipment and supplies as well as diverse health care services.
351010 Health Care Equipment & Supplies
This industry involves companies that manufacture or provide Health Care Equipment & Supplies (351010).
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35101010 Health Care Equipment
The Health Care Equipment (35101010) industry comprises firms that produce medical equipment, including diagnostic and therapeutic machines.
35101020 Health Care Supplies
The Health Care Supplies (35101020) industry includes companies that manufacture health care consumable goods such as bandages, gloves, and syringes.
351020 Health Care Providers & Services
This industry, Health Care Providers & Services (351020), consists of organizations that provide medical services, such as hospitals and clinics, or ancillary services that support them.
35102010 Health Care Distributors
The Health Care Distributors (35102010) industry involves companies that distribute health care products and supplies, bridging the gap between manufacturers and providers.
35102015 Health Care Services
The Health Care Services (35102015) industry incorporates companies offering services in patient health care and well-being, such as home health care providers and medical laboratories.
35102020 Health Care Facilities
The Health Care Facilities (35102020) industry involves organizations that provide inpatient medical and surgical services, such as hospitals and nursing homes.
35102030 Managed Health Care
Managed Health Care (35102030) represents companies that provide health insurance policies and manage healthcare services for policyholders.
351030 Health Care Technology
This industry, Health Care Technology (351030), encapsulates businesses that leverage technology to provide or enhance health care services.
35103010 Health Care Technology
Under the Health Care Technology (35103010) classification, companies work to innovate and implement technological solutions to improve the efficiency and effectiveness of health care delivery.
3520 Pharmaceuticals, Biotechnology & Life Sciences
This sub-sector, Pharmaceuticals, Biotechnology & Life Sciences (3520), includes companies that develop and produce pharmaceuticals, perform biotech research and product creation, and offer life sciences tools and services.
352010 Biotechnology
The Biotechnology (352010) industry is home to companies that apply biological systems or living organisms to the development or creation of different products.
35201010 Biotechnology
In this industry (35201010), firms use biological science, often manipulating genetic material, to create products for various applications, from agriculture to medicine.
352020 Pharmaceuticals
The Pharmaceuticals (352020) industry involves the creation, production, and marketing of drugs licensed for use as medications.
35202010 Pharmaceuticals
Companies under the Pharmaceuticals (35202010) industry design, produce, and distribute medications for treating an array of health conditions.
352030 Life Sciences Tools & Services
The Life Sciences Tools & Services (352030) industry includes companies that provide technologies, products, and services to support research and development in the life sciences.
35203010 Life Sciences Tools & Services
The Life Sciences Tools & Services (35203010) industry comprises of firms that provide necessary tools, technologies, and services that facilitate research and development in fields like genomics, proteomics, and drug discovery.
Conclusion
The Global Industry Classification Standard (GICS) for the Health Care sector showcases the comprehensive intricacies of the health care industry. From the manufacture of health care equipment and supplies, to the provision of diverse services and technological advancements, all the way to research-intensive fields of biotechnology, pharmaceuticals, and life sciences tools & services, GICS paints a holistic picture.
This hierarchical structure allows investors and stakeholders to fully appreciate the scope of the sector, fostering strategic decision-making based on accurate industry segmentation.