World Longevity Economy Size Projections, current USD
AI for Longevity has more potential to increase healthy Longevity in the short term than any other sector. The application of AI for Longevity will bring the greatest real-world benefits and will be the main driver of progress in the widespread extension of healthy Longevity. The global spending power of people aged 60 and over is anticipated to reach $15 trillion annually by 2020. The Longevity industry will dwarf all other industries in both size and market capitalization, reshape the globalfinancial system, and disrupt the business modelsof pension funds, insurance companies, investment banks, and entire national economies.
Longevity has become a recurring topic in analytical reports from leading financial institutions such as CitiBank, UBS Group, Julius Baer, and Barclays. At the recent AI for Longevity Summit in London, top executives from Prudential, HSBC, AXA Insurance, NVIDIA, Microsoft, Babylon Health, Insilico Medicine, Longevity.Capital, Longevity Vision Fund, Juvenescence, Deep Knowledge Ventures, and the UK All-Party Parliamentary Group for Longevity came together to discuss the Longevity Industry. International policymakers and senior corporate executives shared learnings from Japan, Israel, Switzerland, the US, and the UK and exchanged ideas on beginning to work together in a new social contract to enhance global prosperity equitably.
The 7th Continent - 1 Billion People in Retirement Globally
Switzerland is one of the most longevity progressive countries in the world with both high investment in biotechnology and the capacity to integrate AI into its economic, financial, and healthcare systems. Switzerland has the potential to be a world leader in both the Global Longevity Industry and the 4th Industrial Revolution. There are currently 100 companies, 80 investors, 50 financial companies, 35 research labs, 20 precision medicine clinics, 15 nonprofits, and 10 governmental organizations in the Swiss Longevity Industry. Switzerland is in an excellent position to retain its leading position by focusing on the optimal assembly of its existing resources to transform the challenge of demographic aging into a national asset.
Switzerland has a large aging population and Swiss investment banks are acutely aware of the oncoming demographic challenge. Switzerland is one of the most efficiently regulated and supervised financial centers in the world and has been leading transformative developments emerging from the digitalization of its banking and financial sector. Longevity-progressive countries typically have large aging populations, and aging populations have two longevity-progressive benefits: voting power and spending power.
Longevity Industry in Switzerland 2019
The digitization of finance, and novel financial systems which treat Longevity as a dividend, will play an integral role in the Longevity economy. According to a recent report by Aging Analytics Agency, Switzerland has the elements necessary to become a leading Longevity financial hub, including factors such as a lean political system that facilitates rapid implementation of integrated government programs, a strong research environment for geroscience, a strong research and business environment for digital health, and most importantly, international financial prowess.
Switzerland has the ability to develop several Longevity specific programs over the next several years. One program is a Longevity progressive pension system and insurance company ecosystem that accounts for both population aging (which threatens to destabilize the current business models of insurance companies and pension funds) and the potential for widespread healthspan extension. Another program is a national strategy for intensively developing Geroscience and FinTech to a state so advanced that it propels Switzerland into a central role in the international Longevity business ecosystem and a global leader in Longevity Finance. Switzerland is leading the digitization of financial markets and establishing itself as a catalyst for financial innovation on a global level. According to Aging Analytics Agency, 10% of all European FinTech enterprises are located in Switzerland.
Switzerland has a strong and productive geroscience community and has gained prominence among investors as a global biotech hub and hotbed of innovation. The Swiss Institute for Bioinformatics has recently identified large numbers of genetic markers directly linked to human life expectancy. Switzerland is also home to the prestigious Vontobel Prize for Aging Research.
The Convergence of 5 Mega Trends
BioValley
Switzerland is situated at one end of the BioValley - one of the leading life science clusters in Europe. This cluster is unique in that it spans across three countries, Switzerland, Germany and France, and includes Basel, a global life science hub. BioValley brings together important ingredients for a successful biotech cluster including a concentration of companies, rich availability of skills, experience within Life Sciences, and a world class research base. The cluster in Switzerland has in excess of 50,000 people working in the life sciences field including 15,000 scientists. There are 600 companies in the cluster developing therapeutic, diagnostic or medical devices to address a wide range of diseases in multiple therapeutic classes. There are 100,000 students enrolled in 10 universities and research institutions including University of Basel, Max Planck Institute, and Freiburg University. The cluster has produced a number of spin-out companies supported by a financial network including both public and private financing initiatives as well as traditional venture capital and private equity. The entire process of drug development is covered in the region, from research through to clinical and drug development, and manufacturing.
Longevity AI Consortium Expands to Switzerland
Longevity AI Consortium King's College London
In November 2019, Europes firstLongevity AI Consortium(LAIC)launched at King's College London. LAIC is currently developing collaborative research projects withDynamics of Healthy Ageing (DynAge)and theDigital Society Initiative (DSI)at the University of Zurich. The research will utilize AI technologies to predict the future cognitive ability of individuals using multimodal neuroimaging and risk factor data. Academics in Zurich will work in collaboration with colleagues at the Institute of Psychiatry, Psychology, and Neuroscience at King's College London. LAIC plans to establish several collaborative projects with the University of Zurich in 2020. The joint R&D between Ageing Research at Kings and University of Zurich forms the first phase of the global Longevity AI Consortium that will eventually be extended to Israel, Singapore, Japan and the US.
The Longevity Industry
AgeTech
FinTech banks are redefining the banking industry by connecting with a new generation of mobile-first consumers. However, FinTech banks are focusing on consumers who are middle-age and younger, not on the 1 billion people in retirement and the $15 trillion dollar market opportunity. As the share of the population over 60 increases, Swiss banks are lagging behind in finding solutions for this age group. Traditional banks, as opposed to challenger banks, are making their first steps in AgeTech, adapting their infrastructure for people over 60.
WealthTech
The WealthTech Industry refers to a new generation of financial technology companies that create digital solutions to transform the investment and asset management industry. New companies have arrived on the scene offering advice based on AI and big data, micro-investment platforms, and trading solutions based on social networks. A growing aging population is one of the main drivers of innovation in WealthTech. Financial services innovators have an opportunity to enhance the financial lives of individuals over 60 by designing new solutions and adapting existing products and services for them. This is an opportunity to implement innovations that address financial health challenges head on.
Financial Wellness
As a core component of its mission to develop Switzerland into a leading international Longevity Financial Industry hub, Longevity Swiss Foundation plans on roadmapping the development of AI Centers for Financial Wellness. Whereas the proposed AI Centers for Longevity would focus on optimizing health, these centers would focus on the application of AI to the creation of methods and technologies to promote wellness in other areas including financial wellness, continuing education, psychological well being, neuroplasticity, and active social involvement. The planned development of AI Centers for Financial Wellness will enable financial stability over extended periods of healthy Longevity for Swiss citizens.
Switzerland could become the center of the Longevity Financial Industry. Given its geographic size and its reliance on international cooperation, its function in the Longevity Industry will be as a small but important node. Due to its status as an international BioTech epicenter and its reputation as one of the most progressive countries in terms of its financial industry, the prospects for Switzerland to lead the world in the development of its Longevity Financial Industry are strong.
Today, change occurs at the intersection of two or more scientific and technological domains. We are at the beginning of a trend where the degree of complexity and the number of convergence points will increase exponentially. The convergence of AI, advanced data science, and Longevity research will accelerate important medical breakthroughs that will benefit all humans. In the next decade, the Longevity Industry will impact many areas of our lives. Longevity policies enacted by governments and changes in the global financial industry will transform society. Achieving small but practical results in Longevity distributed at scale will have enormous and multiplicative effects on society. Extending the functional lifespan of humans by just one year will decrease suffering for tens of millions of people and will improve the quality of life for billions of people.
See the original post here:
AI Will Drive The Multi-Trillion Dollar Longevity Economy - Forbes
- 5 Healthy Ways to Live a Longer, Happier Life, According to Blue Zone Communities - Verywell Mind - April 24th, 2025
- Walking Just 11 Minutes Each Day Could Add Years To Your Life, Says Study. Here's Why It Works. - Women's Health - April 24th, 2025
- Healthspan and longevity: The rise of the geroprotective supplements - NutraIngredients-USA.com - April 24th, 2025
- Longevity expert says one exercise can add three years to your life - Surrey Live - April 24th, 2025
- Want To Live To 100? Heres What The Blue Zones Are Doing Right - Plant Based News - April 24th, 2025
- Longevity: Discover Our Exclusive Hotels Focusing on Gentle Rejuvenation - Falstaff - April 24th, 2025
- In-cosmetics Global 2025: Barentz targets biohacking and longevity trends with innovative formulations - www.personalcareinsights.com - April 24th, 2025
- Fitness, mindset, and nutrition: Unlocking longevity after 60 [PODCAST] - KevinMD.com - April 24th, 2025
- Lanserhof: The Worlds Most Advanced Longevity Clinicand Why It Matters - stupidDOPE - April 24th, 2025
- Fiber, gut health and longevity: The week in Well+Being - The Washington Post - April 24th, 2025
- Viewpoint: Longevity and sirtuinsLeonard Guarantes Elysium is raking in a fortune promoting supplements that most scientists believe are next to... - April 24th, 2025
- Link between regenerative, functional, and longevity medicine | Bloom - WFLA - April 24th, 2025
- Abu Dhabi takes the HELM in longevity - Longevity.Technology - April 24th, 2025
- Family Guy: Rich Appel and Alec Sulkin Talk Longevity, Collaboration, and Doing it By Hand - Animation World Network - April 24th, 2025
- Want to Live Longer? A New Study Says Making This Easy Swap Could Help - Food & Wine - April 24th, 2025
- Timeline, the Leading Longevity Biotech Brand, Launches First-of-Its-Kind Gummy Powered by Mitopure - Business Wire - April 24th, 2025
- 'I'm a longevity expert - most 100-year-olds have eaten one type of carbohydrate their entire lives' - GB News - April 24th, 2025
- Whats the secret of the longevity of crocodile relatives? - futurity.org - April 24th, 2025
- This 99-Year-Old Lifts Every Day and Swears by One Surprising Meal - Men's Fitness - April 24th, 2025
- 5 health tips from the exclusive (and hardcore) German longevity retreat - MSN - April 24th, 2025
- I feel more alive than ever at 47 here's my 4-step routine - hellomagazine.com - April 14th, 2025
- Longevity Fitness: How to slow down aging and strategies to stay fit after middle age - Times of India - April 14th, 2025
- Living Longer and Better: The Rise of Longevity Clinics. But When Will They Be Accessible to Everyone? - Men's Health - April 14th, 2025
- Recent work suggests a connection between verbal factors and a longer lifespan. - Psychology Today - April 14th, 2025
- Aging In Place: Longevity In A Time Of Stress - CapeNews.net - April 14th, 2025
- Florida Wins National Title, a 101-Year-Olds Longevity Tips: What to Know TODAY - TODAY.com - April 14th, 2025
- Retirement could be bad for your health, says wellness expert: 'Powered by purpose' - Fox News - April 14th, 2025
- 101-Year-Old Nutrition Professor Shares 7 Tips For A Long Life - TODAY.com - April 14th, 2025
- Longevity and precision medicine driving the agenda at Abu Dhabi Global Health Week - PR Newswire - April 14th, 2025
- Sadhguru's 13 tips on right food habits that promote health and longevity - Times of India - April 14th, 2025
- Aging, regeneration and whole-body rejuvenation in long-lived planarians - Nature - April 14th, 2025
- Longevity expert says world's oldest people in Blue Zones 'never' drink this - Surrey Live - April 14th, 2025
- Technologies developed to clean up orbit and enhance satellite longevity - Space Daily - April 14th, 2025
- Longevity in theatre requires talent and skill and lucky timing - The Stage - April 14th, 2025
- FIBO 2025 opens with new longevity and wellness hall and conference - spaopportunities.com - April 14th, 2025
- What the Tech: Increasing your iPhone's longevity - KTBS - April 14th, 2025
- P90X trainer Tony Horton is in the best shape of his life at 66. Here are his top longevity tips. - Business Insider - April 14th, 2025
- This daily supplement can work wonders for longevity: Here's how to take it - Times of India - April 14th, 2025
- Is this longevity diet a magic pill for chronic diseases? Why Lancets planetary health diet can work for you - The Indian Express - April 14th, 2025
- Im a doctor why the French diet beats the Mediterranean diet for obesity, longevity and colon cancer - New York Post - April 14th, 2025
- So "Longevity Tea" Is A Thing & It's Easier To Make Than You'd Expect - MindBodyGreen - April 5th, 2025
- Longevity & Hospitality Summit: Transforming the future of hospitality - spaopportunities.com - April 5th, 2025
- Department of Health Abu Dhabi hosts inaugural Healthy Longevity Innovation Forum - MSN - April 5th, 2025
- Fat's surprising role in aging and longevity - WFTV - April 5th, 2025
- The creator of Kind Bars is now investing in longevity. Here's what his firm is betting on. - Business Insider - April 5th, 2025
- Try these moves tied to longevity and independence later in life - MSN - April 5th, 2025
- Longevity Beauty Brand Oneskin Launches Hair - The Business of Fashion - April 5th, 2025
- The science of brain longevity: The Magtein success story - NutraIngredients.com - April 5th, 2025
- Public invited to attend free conference on longevity: Focus Forward Long Live West Virginia - WV News - April 5th, 2025
- Dr Greger Reveals The 10 Blue Zones Food Guidelines To Lengthen Your Life - Plant Based News - April 5th, 2025
- NAD Supplements Promise to Improve Energy, Metabolism, and Longevity. Heres How Experts Recommend You Use Them - GQ - April 5th, 2025
- Longevity and Hyaluronic Acid, discover the novelties of LipoTrue at booth 1A80 - Cosmetics Business - April 5th, 2025
- The Longevity Superfood That Could Extend Your Life - Plant Based News - April 5th, 2025
- Nutritionist-approved 5 fruits that improve longevity and heart health - Times of India - April 5th, 2025
- Exclusive | 100-year-old NYC cabaret singer shares her secret to longevity: Everything about her is an inspiration - New York Post - April 5th, 2025
- The No. 1 Tip You Need To Live To 100, From A Longevity Expert - MindBodyGreen - April 5th, 2025
- I asked scientists about the best exercise for longevity - and they all said the same 3 workouts - Woman & Home - April 5th, 2025
- Longevity Is A Rich Man's Game. But What Does It Cost The Rest Of Us? - HuffPost UK - April 5th, 2025
- 'Fasting and the Longevity Revolution' Trailer Has Edward Norton Narrating Nutrition Doc - MovieWeb - April 5th, 2025
- The convergence of health, wealth and longevity Services - Deloitte - April 5th, 2025
- Longevity researcher shares secrets of the worlds blue zones - Fox News - March 19th, 2025
- Kyrgyzstan on the Threshold of an Aging Population: Government Develops Active Longevity Program - Times of Central Asia - March 19th, 2025
- Longevity dividend - Association of Health Care Journalists - March 19th, 2025
- Longevity: The cosmetics industry must rethink its approach to ageing - Premium beauty - March 19th, 2025
- Implantable biosensors get major longevity boost with coating technology that inhibits biofouling - Phys.org - March 19th, 2025
- Longevity vs. Metabolism: How Birds Cheat the Aging Process - SciTechDaily - March 19th, 2025
- Bon appetit, Cristiano Ronaldo! 'Unusual' dish behind 40-year-old's remarkable longevity - and where it can be bought - revealed - Goal.com - March 19th, 2025
- Secrets of the Greenland Sharks Longevity Revealed in New Study - The Brighter Side of News - March 19th, 2025
- Anthony Michael Hall Says Longevity Was Always His Goal As The Breakfast Club And Weird Science Turn 40 - Decider - March 19th, 2025
- LB Elandon Roberts' words on NFL longevity will have Raiders fans very excited to have him - Raiders Wire - March 19th, 2025
- Studies Undoubtedly Show This Vitamin Is Linked To LongevityHere's Why - mindbodygreen - March 19th, 2025
- 'Helps slow down ageing': Nutritionist names longevity foods that improve 'heart health and brain function' - GB News - March 19th, 2025
- Men With High-Quality Sperm May Have a Longer Life Expectancy - Everyday Health - March 19th, 2025
- Dr. Vonda Wright Shares the Longevity Habits Youre Not Thinking About (and That You Can Start Doing Today) - Maria Shriver's Sunday Paper - March 19th, 2025
- 99-Year-Old Dick Van Dyke Eats This Surprising Food Combo Every Day - Taste of Home - March 19th, 2025
- Climbing This Many Stairs A Week May Lead To A Longer Life - HuffPost UK - March 19th, 2025
- How to live longer: Supercentenarian who lived to 117 ate her go-to snack 3 times a day - GB News - March 19th, 2025
- Saudi Arabia Expands Regulatory Role To Shape The Future Of Health And Longevity - Citeline News & Insights - March 19th, 2025
- Crypto fans are obsessed with longevity and biohacking: Heres why - Cointelegraph - March 19th, 2025
- Unlocking the power of sleep: Longevity expert Dr Elie Abirached tells us how - Gulf Business - March 19th, 2025