Average human lifespan could exceed well beyond 100 years thanks to advancements in biotechnology and medical technology, according to Bank of America Merrill Lynch analysts, CNBC reports.
Three things to know:
1. An increase in medical research has aided the growth of medical tech companies, according to the report.
"Medical knowledge will double every 73 days by 2020 vs. every 3.5 [years] in 2010, and genomic sequencing costs have fallen 99.999 [percent] since 2003," the analysts wrote, CNBC reports. "This has enabled a new frontier in precision medicine to further extend life expectancy, heralding a 'techmanity' [technology meets humanity] revolution."
2. The analysts credit innovation in genomics, data and artificial intelligence, wearable technology, agricultural gene editing and surgical technology as factors that will drive the lifespan extension.
3. Companies that aim to delay human death will continue to increase in the next decade, with the market estimated to be worth $600 billion by 2025.