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The generic pharmaceutical industry has had sustained growth over the past 10 years, with average annual revenue growth of 9.6 percent. In Jacksonville, Ranbaxy Pharmaceuticals Inc. won exclusive rights to manufacture and sell a generic form of Lipitor and the new product line will ship from a warehouse in Jacksonville to about 55,000 pharmacies nationwide.
IBISWorld, a market-research group, identified 10 of the fastest-growing industries based on their contributions to the economy as a whole (measured as industry value added), absolute revenue growth and establishment growth over the past 10 years, as well as performance expected through 2017.
Yesterday we brought you the 10 dying industries in America, and today we show you the 10 industries that are growing the fastest.
So, which industries are thriving and why?
Three of the 10 involve highly popular trends that have grabbed the nation by storm in the past few years. And one is certainly a shocker and a head-scratcher at the same time.
Click the images to the right to see the top 10 fastest-growing industries in America.
Note: While IBISWorld identified 10 industries, it did not rank them and the order of the slides does not reflect a ranking, either. via bizjournals.com
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