Industry associations are organizations that represent the interests of businesses and professionals within a specific sector. They provide a platform for members to collaborate, share knowledge, and advocate for policies that benefit the industry. These associations often conduct research, offer training programs, and host events to help members stay informed about trends and best practices. Additionally, industry associations play a crucial role in setting standards and promoting ethical practices within their fields. They may also engage in lobbying efforts to influence legislation and regulations that impact their members. Examples of such associations include the American Medical Association and the National Retail Federation.