Freddie wasn’t the first one to wander, when he sung “Who wants to live Forever”. The topic fascinated us for thousands of years.
Our efforts to develop anti-aging compounds increased during the last decades. All of them failed. Recent #medical breakthroughs though, have helped us explain better why we age, and increase our average life expectancy. As a result, we experience a massive influx of capital and research into the #anti-aging market (now worth 200 billion dollars according to a Citi Report).
Today, research teams concentrate on hereditary and other cell factors. One of the most promising routes is a group of drugs that attack “senescent cells.” These are the cells to blame for a series of aging, as well as degenerating conditions like #Alzheimer’s. Studies suggest that by eliminating these cells, we can increase our lifespan by up to 35%!
The first company to offer a treatment is Unity (NASDAQ: UBX). They are testing a compound called #senolytics with patients suffering from osteoarthritis. If this #drug gets approved, it will disrupt both big and small brands promoting products for this condition. Add to this the knee-replacement surgery market (3million surgeries/year by 2030) and you can see how big the impact of new technologies will be in the next decade.
#Technology is also a major disruptor of jobs and their future. Hundreds of millions of jobs will be lost in the next decade because of technology and #automation. At the same time, millions of new jobs will be created. #Healthcare related jobs will be at the top of that list. McKinsey predicts that by 2030, “there will be at least 300 million more people aged 65 years and older than there were in 2014″. As lifespan increases, people change their spending habits, and this will lead to a whole new demand for medical and healthcare related professionals. Doctors, nurses, personal care aides, the list is big and it will continue to grow as new demands are created. McKinsey estimates that healthcare related jobs will increase up to 85 million new jobs by 2030.
Technology will make a lot of professions obsolete in the next decade. It’s a good idea to start thinking about alternatives in order to survive this shift. Especially for young people planning their studies, this process is even more important. As more traditional professions (like lawyers, accountants, real estate agents) will start to suffer the consequences of the new AI world, it’s good to have options. Healthcare and medical research is one of those. Especially when institutions like the NYU make their Medical schools tuition free!
Off to listen to some Queen now.. Have a great day, everybody.