Exclusive Insight: Longevity Market Trends Shaping Wealth Management - with Phil Newman - ceo of Longevity.Technology
Phil Newman is the go-to expert for understanding the longevity market's trajectory thanks to his bird's-eye view of the entire longevity landscape, from scientific breakthroughs to investment trends.
He will share the Longevity Market Trends, covering current and future developments in a rapidly growing sector, which is crucial for financial professionals to understand
Key trends driving the global longevity market include:
1. Growing aging population: The number of people aged 65 years or over worldwide is increasing rapidly, projected to reach 16% of the global population by 2050[1]. This is creating more demand for anti-aging and longevity solutions.
2. Increasing awareness and interest in holistic wellbeing: There is growing awareness and willingness among people to try complementary and alternative approaches to healthcare for anti-aging and longevity.
3. Advancements in technology: New technologies like AI are enabling the development of innovative anti-aging products and services. For example, AI is being used to identify new compounds targeting age-related ailments.
4. Rising demand from high net worth individuals: There is increasing interest from wealthy individuals, particularly in emerging economies, in investing in longevity therapies and practices.
5. Growth in complementary and alternative medicine: The market for complementary and alternative medicine for anti-aging is expanding rapidly, projected to reach $366.58 billion by 2032 at a CAGR of 21.7%.
6. Focus on preventive healthcare: There is a shift towards preventive approaches and personalized medicine for aging and longevity.
7. Increasing research and investment: There are growing research activities and investments in developing new longevity and anti-senescence therapies.
8. Adoption of advanced therapies: Rising adoption of advanced technologies like gene therapy, stem cell therapy, and senolytic drug therapy for longevity applications.
9. Expanding applications: Longevity therapies are being explored for various applications beyond just anti-aging, including cardiovascular diseases, neurodegenerative diseases, and cancer.
These trends indicate a rapidly growing and evolving global market for longevity and anti-aging solutions driven by demographic shifts, technological advancements, and changing consumer preferences.