According to recent reports, the technology sector and the healthcare industry are among the fastest-growing sectors in the United States. The technology sector is expected to grow by about 17 percent this year, while healthcare will increase by 20 percent.
These industries are experiencing rapid growth due to ongoing technological advances and rising demand for healthcare services. The United States is a land of opportunity, where anyone with drive and ambition can achieve success. While some industries are in decline, others are thriving.
Other rapidly growing industries include the energy sector, which is benefiting from the rise in oil and gas prices, and the construction industry, benefiting from a rebound in housing prices. Overall, the U.S. economy is projected to grow by about 2.5 percent this year, making it one of the fastest-growing economies globally.
The Fastest Growing Industries in the U.S
10. Other Financial Investment Activities
There are several other financial investment activities that individuals can participate in to help grow their wealth. For example, some of the fastest-growing industries in the U.S. include technology, health care, and energy. Individuals can hope to see significant returns over time by investing in these industries.
Another option is to invest in real estate. Individuals can generate steady income over time by buying property and renting it out. Additionally, investing in precious metals such as gold and silver can be a smart move during economic volatility.
Jobs Projected to Be Added Between 2014 to 2024: 167,900
Projected Employment in 2024: 597,800
9. Residential Mental Health and Substance Abuse Facilities
Mental health and substance abuse facilities are among the fastest-growing industries in the United States. In recent years, the number of people seeking treatment for mental health and addiction issues has skyrocketed, driving the need for more residential treatment centers. As a result, there are now thousands of these facilities across the country, with new ones opening every day.
Several factors drive the demand for residential mental health and substance abuse treatment. The opioid epidemic, rising rates of depression and anxiety, and increasing awareness of mental health issues all play a role. In addition, many insurance companies are now covering residential treatment, making it more affordable for people to get the help they need.
Residential mental health and substance abuse facilities offer a wide range of services, from detox to long-term rehabilitation. They can be a life-saving resource for people struggling with addiction or mental illness.
Jobs Projected to Be Added Between 2014 to 2024: 82,600
Projected Employment in 2024: 291,800
8. Ambulance Services
The ambulance services industry is one of the fastest-growing industries in the United States. The industry is expected to grow at 6.5% annually through 2020. This growth is being driven by several factors, including the aging population and the increasing prevalence of chronic diseases. Ambulance services are critical for transporting patients to the hospital quickly and safely.
Leading U.S. Company (by revenue): NORCAL Ambulance
Jobs Projected to Be Added Between 2014 to 2024: 68,700
Projected Employment in 2024: 235,600
7. Electronic Shopping and Mail-Order Houses
The electronic shopping and mail-order houses industries are among the fastest-growing sectors in the United States. These industries have seen a steady increase in sales over the past few years, and this trend is expected to continue in the years to come. One of the main reasons for this growth is the ease and convenience of shopping online. Consumers can browse through various products at their leisure, and they can make purchases with just a few clicks of the mouse. In addition, online retailers often offer lower prices than traditional brick-and-mortar stores so that consumers can save money on their purchases.
Another factor that has contributed to the growth of these industries is the increasing popularity of online auctions. Sites like eBay allow consumers to buy and sell products worldwide, and they provide a convenient way for people to find unique items that they cannot find at local stores.
Leading U.S. Companies (by revenue): QVC, Guess.com Inc.
Jobs Projected to Be Added Between 2014 to 2024: 152,900
Projected Employment in 2024: 481,700
6. Community Care Facilities for the Elderly
Community care facilities for the elderly are one of the fastest-growing industries in the United States. The number of people over 65 is expected to double by 2030, and the demand for quality community care facilities will continue to grow. These facilities offer various services, including assisted living, nursing care, and memory care. In addition, they provide a safe and secure environment for seniors who can no longer live independently.
There are many different types of community care facilities available, so it is essential to do your research before choosing one. Some things you may want to consider include the size of the facility, the type of services offered, and the location.
It would help if you also asked to see a copy of the facility’s policies and procedures manual to make sure they meet your standards. Community care facilities for the elderly are a valuable resource for seniors and their families.
Leading U.S. Companies (by resident capacity): Brookdale Senior Living Inc.,
Jobs Projected to Be Added Between 2014 to 2024: 405,400
Projected Employment in 2024: 1,248,600
5. Offices of Physical and Speech Therapists and Audiologists
Offices of physical and speech therapists and audiologists are among the fastest growing industries in the United States. As the population ages, the need for these services increases. The Bureau of Labor Statistics projects that employment for physical therapists will grow by 34 percent between 2016 and 2026, and audiologist employment will grow by 29 percent.
Physical therapists help people who have been injured or are experiencing health problems regain movement and function. They may use exercises, stretches, massage, and other techniques to improve patients’ strength and flexibility. Speech therapists help people with communication disorders such as stuttering or aphasia. Audiologists diagnose and treat hearing problems.
All three professions require a college degree. In addition, physical therapists must be licensed in all states, while speech therapists are licensed in most states and audiologists are licensed in all states except Alaska.
Leading U.S. Companies (by market share): Healthsouth
Jobs Projected to Be Added Between 2014 to 2024: 190,800
Projected Employment in 2024: 525,700
4. Power and Communication Line and Structures Construction
There are many different construction projects, but two of the most important and fastest-growing industries in the U.S. are power line and structure construction. These projects are essential to the country’s infrastructure and economy and require a high level of skill and expertise to complete them safely and efficiently.
Power line construction is installing power lines and cables to transmit electricity from one point to another. This work is often done in rural or remote areas, where it isn’t easy to access the power grid. As a result, power line construction workers must understand electrical wiring and safety procedures and experience operating heavy equipment.
Structures construction refers to building artificial structures such as bridges, tunnels, and dams. These projects can be highly complex, requiring a high degree of engineering expertise.
Leading U.S. Company (by revenue): United States Infrastructure Corp.,
Jobs Projected to Be Added Between 2014 to 2024: 96,800
Projected Employment in 2024: 265,400
3. Offices of Other Health Practitioners
IN FEBRUARY OF THIS YEAR, the U.S. Census Bureau released a report that stated the fastest growing industries in the United States are health practitioners’ offices. The category, which includes doctors’ offices, dentists’ offices, optometrists’ offices, and other health practitioners’ offices, is projected to grow by 3.9% between 2016 and 2020. This outpaces the projected growth rate for all other industries, 2.8%.
There are several reasons for this growth. First, the population is aging, and as people get older, they tend to need more health care services. Second, there has been a growing focus on preventive care in recent years, and this has led to more people visiting health practitioners’ offices for checkups and routine maintenance.
Leading U.S. Companies (by revenue): Corizon Inc.
Jobs Projected to Be Added Between 2014 to 2024: 352,300
Projected Employment in 2024: 1,136,500
2. Home Health Care Services
Home health care services are one of the fastest-growing industries in the United States. The industry is expected to grow by 20 percent from 2016 to 2020. This growth is due to several factors, including the aging population and the increasing prevalence of chronic diseases.
The home health care industry provides a wide range of services, including nursing care, physical therapy, and home health aides. These services can help seniors stay in their homes and avoid costly hospitalizations.
Several different home health care providers, including for-profit companies and nonprofit organizations. Home health care providers can be found in all 50 states and Washington D.C.
Leading U.S. Companies (by revenue): Option Care Inc.
Jobs Projected to Be Added Between 2014 to 2024: 760,400
Projected Employment in 2024: 2,022,600
1. Specialty Hospitals
There are many different types of hospitals in the United States. General hospitals, teaching hospitals, children’s hospitals, and veterans’ hospitals are a few of the most common. However, one type of hospital is growing faster than any other: specialty hospitals.
A specialty hospital is a hospital that specializes in a specific type of care. For example, there are heart hospitals, cancer hospitals, and children’s hospitals. Specialty hospitals can be either for-profit or non-profit.
There are several reasons why specialty hospitals are growing so fast. First, technology has made it possible for doctors to do more specialized procedures. Second, patients are increasingly interested in getting specialized care for their particular conditions. Third, the Affordable Care Act has encouraged the growth of specialty hospitals by requiring insurance companies to cover more procedures performed at these facilities.
Leading U.S. Company (by revenue): RehabCare Group Inc.
Jobs Projected to Be Added Between 2014 to 2024: 2,300
Projected Employment in 2024: 5,000