Three of the Best Penny Stocks to Buy Right Now in the Healthcare Sector

Investors have been scrambling to nab the best penny stocks to buy right now. According to The Wall Street Journal, throughout 2014 investors have been pumping funds into penny stocks for the chance to get large returns as the market continues a mostly bullish run.

It's true that the comparatively tiny companies behind penny stocks offer more risk to investors due to smaller market capitalizations. Penny stocks' low prices can lead to scams, as can their low trading volume, lack of company history, and liquidity.

But penny stocks can also be a draw as investors can jump in on small companies with big ideas that become global successes. Purchasing the stock at a lower price now can lead to big returns as the stock prices grow.

And buying penny stocks in a booming sector, like the healthcare industry, promises greater investment choices that are more likely to yield big returns.

You see, research firm Global Industry Analysts predicts that the global healthcare services market will reach $3 trillion by 2015. The healthcare industry is expected to expand as people live longer and as the growing middle class in emerging market countries can afford better treatment, according to Bloomberg.

Here are three of the best penny stocks to buy right now in the healthcare sector to get you started...

List of Best Penny Stocks to Buy Right Now in the Healthcare Sector

The Female Health Company (Nasdaq: FHCO)

The Female Health Company is focused on promoting women's health and reducing risks by offering consumer health products, including a female version of the condom. By forming partnerships with clinical institutions and not-for-profit organizations, the company has shown it can create products that draw interest and bring in returns.

On May 28, FHCO shares traded at $5.98 per share. The company has a market capitalization of $200 million market cap, a price-to-earnings ratio of 18.49, and a dividend yield around 4%.