Discover five fast-growing industries that are making waves in the business world, and learn which key segments offer the highest potential for revenue growth, based on new data from a variety of leading market research firms.

The AI in medical devices market has experienced an extraordinary surge, propelling from $15.42 billion in 2023 to an estimated $22.3 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 44.6%, as per The Business Research Company’s AI In Medical Devices Global Market Report 2024.

In the ever-evolving landscape of global commerce, online payments continue to shape the way we conduct transactions. Despite the resurgence of in-person shopping, the digital realm remains a powerhouse, with credit cards maintaining their dominance, as stated in the latest yStats.com report, Global Online Payment Methods 2023.

The role of artificial intelligence (AI) in education is a hot topic with plenty of skeptics and technology evangelists on either side of the equation. 

In a recent video discussion, Robert Berkman, the Managing Editor of Simba Information, explained the key challenges faced by educational publishers and tech companies who are launching and marketing AI-enabled products. He also shared the expected outlook for AI in education over the next two years.

The use of artificial intelligence (AI) in education offers exciting possibilities for students and teachers as well as a host of challenges. In a recent interview, I sat down with Robert Berkman, the Managing Editor of Simba Information, a leading authority for market intelligence focused on educational publishing and a division of MarketResearch.com.

Infusion therapy, also known as intravenous therapy, plays a crucial role in administering fluids and medications directly into the bloodstream. In the United States, this market has been rapidly growing, driven by the aging population and the increasing prevalence of chronic diseases.

The automobile industry is surging ahead, with particularly sharp growth in the U.S. and China, including China’s emergence as the leading manufacturer of new cars for the export market (outpacing Japan for the first time). The global new automobile market was about 886 million units for 2023.

At the start of 2023, many financial observers (including the MarketResearch.com economics department) expected the US economy to suffer a recession during the year, most likely during the first half of the year. The Federal Reserve was fighting inflation with a campaign to raise short-term interest rates. Those higher rates were expected to cool business and residential investment spending and eventually lead to decline in overall economic activity.

Health coaching has emerged as a $7.6 billion service market, with a strong growth outlook. There are now an estimated 128,000 health coaches and health educators that advise and motivate clients to change bad lifestyle habits and to manage chronic conditions such as diabetes.

Health care expenditures continue to rise in the U.S. and throughout the world. Total U.S. health care expenditures were estimated to be $4.12 trillion in 2022 and are projected to soar to $5.51 trillion in 2030.