It is the beginning of a new decade and with it comes emerging industries and breakthrough technologies that change the world we live in.
Check out these top three emerging industries in the US and learn more about how they are changing our lives.
1. Solar and Wind Power
Alternative resources for power are more popular than ever and that trend is bound to continue as the Greta Thurbergs and Autumn Pellitiers of the world take over society.
Up to 29 percent of newly generated power came from the solar power industry in 2018 and that number is expected to increase as pressure mounts to be more environmentally conscious in our choices as a nation.
Wind power in the US is now significant enough to sustain more than 32,000 residents and over 500 industrial factories. It continues to expand across the country and around the world as scientists and industry leaders develop more efficient ways to harness its incredible force and turn it into usable power.
This type of renewable energy research and investment isn’t just for the environmental activists protesting the oil industry. These industries are creating thousands of jobs, providing affordable fuel and energy options and just happens to have a positive environmental impact as well.
You don’t run the risk of an Exxon Mobil oil spill ruining an entire ecosystem for decades or the medical risks of nuclear power disasters such as Chernobyl.
2. Medical Technology and Telemedicine
Telemedicine in the US is expected to emerge into a $64 Billion industry by 2025. Telemedicine is not just an exciting emerging industry but it is one that is saving lives every day.
Diagnostic tests, consultations, and medical care can be provided remotely. The information can be shared in real-time. This allows for more accurate and informed medical decisions and treatments.
It also saves patients from lengthy hospital stays where they run the risk of becoming even sicker from hospital-acquired infections, medical errors, or even hospital assaults which are all on the rise.
There is a greater chance of medication errors, mental health issues such as depression and anxiety, lack of sleep and more when staying in the hospital. Telemedicine allows patients and medical professionals an option to avoid all of these risks by providing more diagnostic tests and medical consultations via wireless technology.
3. Medical and Recreational Cannabis
Medical and recreational cannabis stock has become a popular option as laws are changed and doors are opened both in medical research and in recreational environments.
As states continue to loosen their laws and recognize the benefits of medical research and treatment using cannabis over other more toxic and dangerous chemical-pharmaceutical options such as opioids, the medical community has found no lack of investors and grants to expand the understanding of the implications both good and bad of medical marijuana.
Recreational cannabis is a booming industry on its own. Celebrities are high on the Cannapreneur A-list.
Look Into These Emerging Industries
If you’re looking to invest or just to have the latest knowledge on emerging industries in the US these are the top three industries to consider looking a little more into.
We live in exciting times where our only limitation is our imagination.
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