Are you looking for industries to invest in right now? Look no further. Here is a compiled list of foolproof industries that are bound to succeed in the near future. Check out our list and see for yourself.
Healthcare and biotech
A recent study conducted by Global Industry Analysts predicts that the global industry of healthcare and medical devices will reach $1.3 trillion by 2020. Biotech research is also developing at a rapid pace, with new life-saving medicines coming out every year.
Given how expensive healthcare is becoming in developed countries such as the United States, this is no wonder. According to the US Census Bureau, in 2015, there were a little over 17.5 million Americans who did not have any medical insurance whatsoever. With that number predicted to rise up to 25 million by 2025, it is obvious that demand for healthcare-related services and products will keep going up.
The need for treatments is also rapidly increasing, while the average disposable income is growing at a much slower rate. As healthcare becomes more expensive, people are beginning to look for alternatives in the form of alternate methods, such as alternative medicine and self-treatment. These are other areas of the industry that are worth investing in.
3D Printing
3D printing, also known as additive manufacturing, is becoming increasingly common. The machines are being used to produce a growing number of items, from toys and spare parts for appliances to entire buildings. DyeManstion additive manufacturing is one of the industry leaders.
The benefits of 3D printing are numerous. For starters, the technology uses less material than traditional manufacturing methods do. This means that companies can cut their production costs and lower their prices for consumers. As such, it is no wonder that the number of 3D printer sales has been steadily increasing.
Logistics
As the world becomes more connected, people are increasingly looking to purchase goods online. According to data compiled by eMarketer, close to $2 trillion worth of goods was purchased through the internet in recent years. This number is expected to increase further as internet shopping gains popularity.
Technology companies like Alibaba and Amazon lead the American market, but it is China that will soon become the world's largest market for online retail. According to the latest data, this industry has grown exponentially. This makes it one of the few industries to see such an impressive growth rate in recent years and serves as a testament to its success.
Transportation
The transportation industry is rapidly evolving as well. Technology companies like Google and Tesla or Uber, and Lyft are currently dominating the market. However, it is still possible to find success in this industry by following a different path. For example, logistics companies like DHL and FedEx are thriving as the world becomes increasingly connected.
There is no doubt that these industries will be successful in the near future with all that said. All of them closely follow their respective markets' demands and are well-positioned to take advantage of an increasing number of opportunities. This makes them the perfect targets for investment.
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