Post # 828 –
November 11, 2019
Legal Micro-Niche: Anti-Aging & Regenerative Medicine
Make no mistake,
it is NOT efficiency that produces new wealth . . . but insight – insight into opportunities in pockets of emerging
demand. An attorney or group that gets
an early start in accumulating knowledge and experience serving some
micro-niche and then continues to learn faster than rivals can build an almost
insurmountable lead – irrespective of size.
scientist who announced that the first set of CRISPR-engineered female twins
had been delivered; stem cells that can now grow eye retinas; a collagen
bioprinter that should soon provide 3D printed lungs; this particular
micor-niche, the global longevity industry is primed to reach $17 trillion this
year and on track to crack $27 trillion within the next five years. There is even a fascinating new book that
just came out, by a Harvard Genetics researcher and professor called “LifeSpan”
which has been getting a lot of attention, largely because it is about not just
slowing or stopping – but actually reversing the aging processes.
We are edging closer to
a dramatically extended healthspan—where 100 is the new 60. So, what will you
create, where will you explore, and how will you spend your time if you are
able to add an additional 40 healthy years to your life?
This is the eleventh in
a series of articles I have been doing on what I call micro-niches - slivers of
lucrative opportunity for attorneys and practice groups that care to invest
non-billable time in developing themselves as the "go-to" experts.