Allergy Medicine Manufacturing OTC

Over the five years to 2019, demand for over-the-counter (OTC) allergy treatment has gradually risen as healthcare coverage and health spending have improved.

OTC allergy medications refers to drugs that are available without a prescription that are intended to temporarily mitigate or alleviate the effects of mild-to-moderate allergic reactions.

Though OTC products do not usually have the same high costs as prescription drugs, increasing opioid premiums have led to spikes in industry retail prices.

However, considering the importance of allergy treatment for allergy sufferers, demand for industry products has remained high.

As a result, sales in the Allergy Medicine Manufacturing OTC sector is forecast to rise at a 3.6 percent annualized rate to $3.9 billion over the next five years.

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Apartment and Condominium Construction

Apartments and Condominiums Over the five years to 2020, the construction sector has benefited from broad economic reforms.

Operators in the industry construct modern multifamily residential units, such as high-rise apartments and condominiums.

Reduced rental vacancy rates and renewed investment in residential building activity have fuelled growth in multifamily apartment starts over the next five years.

For the next five years, industry revenue is forecast to rise at a 5.9 percent annualized rate to $54.8 billion.

This involves a 4.8 percent drop in 2020 alone due to the COVID-19 (coronavirus) pandemic.

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Animal Rescue Shelters

Pet rescue shelters have grown over the last five years, with people adopting pets helping the Animal Rescue Shelters industry.

According to the Humane Society of the United States, animal shelters save an estimated 6.0 to 8.0 million dogs and cats per year (HSUS).

Many animal health awareness outreach efforts have helped to secure funds for many local shelters in response to the large number of animal rescues each year, further benefiting the industry.

Furthermore, the American Society for the Prevention of Cruelty to Animals (ASPCA) reports that 31.0 percent of cats and 34.0 percent of dogs are obtained from an animal shelter.

As a result, industry sales rose at an annualized rate of 8.5 percent to $3.1 billion in the five years to 2020, with a small decrease of 1.6 percent in 2020 as the COVID-19 (coronavirus) epidemic roiled end markets and tainted customer affordability.

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Antiseptic Manufacturing

The Antiseptic Manufacturing industry has grown rapidly over the next five years due to increased demand from the industry’s three dominant markets: healthcare, the food sector, and household customers.

During this time, demand for antiseptics has increased in hospitals, physicians’ offices, and nursing homes as healthcare providers attend to an ageing US population with a growing need for medical treatment.

Furthermore, the COVID-19 (coronavirus) pandemic has only increased demand as it spreads rapidly.

Furthermore, rising jobs over the last five years has resulted in an increase in the number of people with employer-provided health care.

Furthermore, by expanding Medicaid access, the Patient Protection and Affordable Care Act has increased health insurance coverage throughout the country.

As a result of these advances, there has been an uptick in clinic visits and hospital providers, which has increased antiseptic revenues.

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Animal Food Production

Animal Food Production is the manufacture of food for animals such as cattle and pets.

Revenue in the sector is predicted to slip marginally over the next five years due to declining input costs.

However, some favorable developments have driven market demand, including expanded pet adoption, with the number of domestic cats and dogs increasing at an annualized rate of 1.8 percent over the five years to 2021.

Since the prices of industry goods are determined by domestic grain supplies, animal feed costs, and livestock prices, decreases in the prices of these inputs have stifled industry revenue growth.

As a result of these developments, market income is forecast to fall slowly at an annualized rate of 0.1 percent to $61.6 billion over the next five years, reaching $61.6 billion in 2021.

This involves an uptick of 2.3 percent in 2020 and 1.7 percent in 2021, respectively, due to the COVID-19 (coronavirus) pandemic, as increased pet ownership balances supply chain delays and declining market spending.

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Animal Health Biotechnology

Over the next five years, the Animal Health Biotechnology market is expected to expand steadily.

Increasing R&D spending, which increased at an annualized rate of 2.8 percent over the five-year period, has allowed businesses to invest in and produce new technologies to boost business sales.

Increased sales of animal welfare goods for both companion animals and food animals fuelled industry expansion.

Increased per capita beef, dairy, and poultry intake, in particular, resulted in increased demand from agricultural producers.

Furthermore, as the number of pet animals increased, so did the market for flea and tick medicines.

According to Research, the number of pets (cats and dogs) rose at a 3.1 percent annualized pace to 190.3 million in the five years to 2020, resulting in increased demand for animal welfare supplies from veterinarians and animal hospitals.

As a result of increased demand for industry goods, revenue has increased at an annualized rate of 1.7 percent to an estimated $10.9 billion, with a 2.0 percent spike in 2020 alone due to an improvement in the number of cats and dogs and an expansion in R&D spending.

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Ambulatory Surgery Centers

Operators in the Ambulatory Surgery Centers sector offer outpatient medical and emergency care services.

Ambulatory surgery centers (ASCs) increase patient safety and quality while lowering healthcare costs.

ASCs offer a cost-effective solution to hospitals that are dealing with scheduling problems, restricted operating room capacities, financial challenges, and inefficient operating room turnovers.

Furthermore, as medical science advances, certain surgical approaches have become less invasive, allowing a large amount of inpatient operations to now be conducted in outpatient environments.

According to the Ambulatory Surgery Center Association (ASCA), the industry’s landscape has shifted significantly, with hospital ownership now joining surgeon ownership.

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Amusement Parks

Over the last five years, the Amusement Parks industry has grown rapidly, owing primarily to a rise in foreign and domestic tourist numbers as well as increasing customer spending.

Amusement and theme park businesses provide customer entertainment by operating mechanical slides, water rides, sports, displays, themed exhibitions, refreshment stands, and other attractions.

The Walt Disney Company, Universal Parks & Resorts, SeaWorld Entertainment Inc.

Six Flags Entertainment Corporation, and Cedar Fair LP are the industry’s dominant players.

Despite the industry’s high level of competition, major theme park companies have used intellectual property rights to major film franchises and entertainment to gain customer bases.

As a result, Research predicts that gross market sales will fall by 6.1 percent on an annualized basis over the next five years, reaching $12.8 billion.

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Ambulance Manufacturing

Revenue for the Ambulance Manufacturing sector has grown over the five years to 2020.

Changing populations have contributed to the industry’s comparatively strong growth over this time period.

According to the Centers for Disease Control and Prevention (CDC), an ambulance is used in 15.7 percent of overall emergency room (ED) visits, with an ambulance being used in 35.2 percent of ED visits by people aged 65 and over.

The number of people aged 65 and older has increased over this period, bode well for operators.

Furthermore, the industry’s income has increased in tandem with rising healthcare spending and the number of individuals with private health insurance.

This has resulted in higher sales for hospitals and other emergency care providers, which has increased their proclivity to buy industry products.

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Biometrics Scan Software

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