Lifestyle

These Businesses Are Going to Take Over the World Thanks to COVID-19

Jump on the Bike, and Let’s Roll Past the Pandemic! Have you noticed that this industry began booming since the pandemic? Bike-sharing services are becoming increasingly… Trista - October 12, 2022
Citi / Shutterstock

Jump on the Bike, and Let’s Roll Past the Pandemic!

Have you noticed that this industry began booming since the pandemic? Bike-sharing services are becoming increasingly popular in cities around the world. And it’s easy to see why – they’re a convenient, affordable, and eco-friendly way to get around. Whether commuting to work or exploring a new city, bike sharing is a great option. And best of all, you don’t have to worry about maintenance or storage – just hop on and go! This is why this industry, the share bike industry, is on an upward trend. According to Research and Markets, a market research company, the global bike-sharing market reached a value of US$ 3.28 billion in 2021, and research shows it can reach a value of $4.49 billion by 2027. 

Bike sharing is an innovative and sustainable form of transport that has the potential to revolutionize how we get around our cities. Bikes can be rented out for short periods, making it easy for people living in large cosmopolitan cities! The model allows users to save money on gas while helping reduce carbon dioxide emissions in communities worldwide. An added benefit of physical activity will enable riders to explore new areas while also doing something good for their health. It’s a win-win if you ask me. Nothing like taking a break from the company and hopping on and exploring the surroundings. It is like a very cheap version of a gym but way more fun! The bike-sharing services industry touches on other areas of high importance, like physical health, climate control, and economic opportunity, making it an industry projected to grow because of its significance. Keep reading for more businesses that were booming through the pandemic and are now poised to take over the world. 

Shutterstock

What Flies Like a Bird, but Has No Feathers?

The time of drones for kids is long gone. The technology, as it is available now, has far-reaching applications. One of the most impactful of those is the use of policing. In some countries, including Spain and China we have seen the use of drones for monitoring purposes during lockdown campaigns. These governments have relied on drone technology to push their guidelines. Hopefully, we will not be seeing more of that and instead be able to use the technology for things like emergencies. When these situations arise due to natural disasters or civil unrest it becomes necessary to maintain security while also ensuring that citizens can go about their daily lives without fear. Things like delivering public announcements or providing medical services to people cut off from those disasters are serious and thought-provoking applications of drone technology. 

While the origins of drone technology were in the military, these babies do their magic in commercial and civil government applications. For example, scenarios such as searching for survivors or putting out fires with great efficiency compared to humans, who may take hours, if not days, before they can complete the task when dangerous and life-threatening situations exist. The drone industry will grow exponentially in the next few years, with strong global investment and new business use cases. These factors have made it one of today’s most lucrative industries. However, many questions remain unanswered! Drone Industry Insights projects the global market for drone technologies will reach $43.1 billion by 2024, up from $14.1 billion in 2018.

Shutterstock

Now Serving the Senior Population.

The U.S., with its large population of aging seniors, has never seen anything like it before, especially since the pandemic. The baby boomers are passing through each stage in their lives, one after another! They’ve brought both challenges and opportunities to this country’s economy. No other generation will impact infrastructure or institutions as we know them today when these people reach old age, creating an industry that will continue to grow with all the services needed to service that population sector. The assisted living and nursing home industry will be one of the most interesting plays on an aging population for obvious reasons. As baby boomers continue to grow older, more people will have these types of services in their lifetimes than ever before. It means that there’s room at both ends. That is constantly filled rooms as well as expansion opportunities within properties. In return, ultimately generating higher profits!

Another sector set to grow due to the large aging population is the pharmaceutical industry. As people live longer and longer, they will inevitably need more and more medications to manage chronic conditions. In addition, the baby boomer generation is already starting to experience age-related health problems, such as arthritis and heart disease. This means that there will be an increasing demand for both over-the-counter and prescription drugs. For many seniors, this could create a real financial burden. However, the silver lining is that the aging population is also relatively wealth. So, they will be able to afford to pay for their medications. In other words, while there may be some challenges associated with an aging population, the pharmaceutical industry is set to benefit greatly.

Advertisement