The World’s Largest ‘Healthy Aging’ Database Unveiled

CORONAVIRUS IMPACT

  • The industry’s lifetime is estimated to be $26.5 trillion by 2022 and is expected to reach $33 trillion by 2026
  • The lifetime database includes more than 50,000 companies, 10,000 investors, 1,000 R&D hubs, spanning 20 sectors and 160 subsectors, with more than 9.5 million data points

The Sharjah Research, Technology and Innovation Park recently hosted an interactive session with Deep Knowledge Group, which unveiled the world’s largest healthy aging database mapping the entire lifespan sector worldwide. The database includes more than 50,000 companies, more than 10,000 investors and more than 1,000 R&D hubs, spanning 20 sectors and 160 subsectors, with more than 9.5 million data points.

An emerging industry in the MENA region, estimated to be worth $26.5 trillion in 2022 and projected to be $33 trillion in 2026 worldwide. Sitting at the intersection of several vital sub-sectors such as BioTech, Pharmaceuticals, FinTech, InsurTech and many more, longevity is expected to be the largest and most advanced industry of all time.

The sector focuses on healthy aging, consisting of technologies and software aimed at improving health and extending people’s lifespan. It presents solutions for the prevention, detection, monitoring and treatment of chronic diseases.

His Excellency Hussain Al Mahmoudi, Chief Executive Officer of Sharjah Research Technology & Innovation Park, commenting on this technical talk as part of a Ramadan majlis series the park is organizing: “A healthy lifespan plays a role in increasing the life expectancy, prolonging productivity and improving their health and prosperity.This is at the heart of our efforts as an organization and as a nation.Longevity is influenced by many factors, such as economic growth, government health care policies, quality of healthcare providers and the extent to which seniors have access to them.”

At the event, attended by professionals, entrepreneurs and investors, Anastasia Lit, Director of Investor Relations, Deep Knowledge Group shared her insights into the industry and the investment opportunities it offers, saying: “While aging is one of the biggest problems facing our time, it presents one of the most promising opportunities.Financial institutions, such as investment banks, pension funds and insurance companies, could sink as well as swim when hit by an aging population.Whether they manage to stay on the wave or drowning depends not only on their willingness to deploy new business models adapted to an aging population, but also on the quality of lifetime analyzes that can be used to develop such business models.”

Baha Hamadi, VP of Communications, Deep Knowledge Group, said on the topicality of the topic of longevity and how it affects us all as individuals, businesses and governments: “Healthy aging is the necessity of the hour. Live longer and richer goes beyond adopting a healthy, active lifestyle While the longevity industry has seen unprecedented growth and maturity over the past decade, the term longevity remains unclear to many people, including investors who often associate longevity with anti-aging creams, fitness and wellness. The sector is much more than that. Longevity is the deepest of all DeepTech sectors, at the intersection of many groundbreaking technologies, including advanced biomedicine.”

In 2006, the World Health Organization developed the concept of Age-Friendly Cities, important destinations for people who want to live comfortably during their twilight. While Age-Friendly Cities can be seen as good places to retire, ‘Longevity Valleys’ will emerge as ideal locations where seniors can remain active professionally, mentally, socially and economically for as long as possible.

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