Is the Cochlear (ASX:COH) share price a long term market beater?

According to the United Nations, the global population aged 60 years stood at approximately 962 million in 2017.

This was more than twice as large as in 1980 when there were 382 million older persons worldwide.

The intergovernmental organisation is now expecting this figure to more than double again by 2050. At this point, it is projecting that the global population aged 60 years will reach almost 2.1 billion.

This population shift is widely expected to lead to increased demand for healthcare services over the next three decades. Which could be great news for Australian healthcare shares.

One that has been tipped as a big winner from this tailwind is Cochlear Limited (ASX: COH).

Why Cochlear?

Cochlear is a leading global hearing…