Generics among fastest-growing industries this decade, report finds
NEW YORK — According to the latest numbers, the country's economy is slowly growing, while unemployment has been slowly declining. But while growth has been somewhat less than stellar, 10 industries have outpaced the rest of the economy, including generic drugs.
Market research firm IBISWorld recently released a report showing that generic drug manufacturing would be one of the fastest-growing industries in the country over the next five years, with revenues expected to reach $52.8 billion this year and $72.7 billion by 2017, the second highest revenues of all the industries named.
The other industries mentioned in the report were green and sustainable building construction, online eyeglasses and contact lens sales, social network game development, 3D printer manufacturing, for-profit universities, solar-panel manufacturing, pilots and yoga studios, self-tanning product manufacturing and hot sauce production.