Fastest Growing Industries in America and Demographics
Change is coming in America's Industrial Base
Clearly, for the past three decades, hi-tech industries have led the economic energy of the USA. However, the impact of the Great Recession has altered the business landscape. Today, the US sits on the precipice of a mammoth size jump into newer industries that might have seemed unlikely in the past. One of these industries, healthcare, originates from a natural evolution in the need for advanced medical care and more comprehensive diagnostics, pharmaceutical and mental health treatments. The other fastest growing industry is solar energy. Solar energy emerged more than four decades ago. However, the Great Recession of the early millennium saw the cost of home heating and cooling energy growing ever more unaffordable. Whenever, economic stability enters the industrial picture to such a stringent degree, it naturally creates innovation and need.
The Picture of Fastest Growing Industries
The picture of the fastest growing industries in America is a clear indication of the vast potential for change in basic needs such as healthcare, energy, transportation, housing and financial management.
In healthcare, the number of new medical advancements has given impetus to a highly technological medical industry that now relies heavily on robotics, computers and highly trained, fully experienced medical staffing. In the pharmaceutical industry, research and development enjoys the ripple effect of a more technologically savvy healthcare industry. Pharmaceutical titans provide immediate responses to the need for pharmacological treatments by physicians and hospitals. Changes to the healthcare laws in America indicate an increase in the number of healthcare insurance providers. The need for more doctors, nurses and medical technicians will inevitably grow as a result of more affordable healthcare. In addition, those in the field of psychology and psychiatry are seeing a growth in patients resulting from the affordability of healthcare.
Solar Energy - No. 2 in Fastest Growing Industries
Although solar energy has been around since the early 1970s, it enjoys a surprising upsurge in growth. Solar energy also links other industries like construction, electrical, plumbing, small parts and panel manufacturing, engineering and design.
Traditionally, industry in America was heavily dependent on demographics. For example, the Northeast has been a hub for finance and finance related industries. The Midwest has seen growth in their traditional agricultural base. The West and southwest are rooted in energy and military-related industries.
Change is coming in America's Industrial Base
Clearly, for the past three decades, hi-tech industries have led the economic energy of the USA. However, the impact of the Great Recession has altered the business landscape. Today, the US sits on the precipice of a mammoth size jump into newer industries that might have seemed unlikely in the past. One of these industries, healthcare, originates from a natural evolution in the need for advanced medical care and more comprehensive diagnostics, pharmaceutical and mental health treatments. The other fastest growing industry is solar energy. Solar energy emerged more than four decades ago. However, the Great Recession of the early millennium saw the cost of home heating and cooling energy growing ever more unaffordable. Whenever, economic stability enters the industrial picture to such a stringent degree, it naturally creates innovation and need.
The Picture of Fastest Growing Industries
The picture of the fastest growing industries in America is a clear indication of the vast potential for change in basic needs such as healthcare, energy, transportation, housing and financial management.
Healthcare - No. 1 in Fastest Growing Industries
In healthcare, the number of new medical advancements has given impetus to a highly technological medical industry that now relies heavily on robotics, computers and highly trained, fully experienced medical staffing. In the pharmaceutical industry, research and development enjoys the ripple effect of a more technologically savvy healthcare industry. Pharmaceutical titans provide immediate responses to the need for pharmacological treatments by physicians and hospitals. Changes to the healthcare laws in America indicate an increase in the number of healthcare insurance providers. The need for more doctors, nurses and medical technicians will inevitably grow as a result of more affordable healthcare. In addition, those in the field of psychology and psychiatry are seeing a growth in patients resulting from the affordability of healthcare.
Solar Energy - No. 2 in Fastest Growing Industries
Although solar energy has been around since the early 1970s, it enjoys a surprising upsurge in growth. Solar energy also links other industries like construction, electrical, plumbing, small parts and panel manufacturing, engineering and design.
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