The table below summarizes the 14 areas of focus addressed in Themes 2022.
THEME | SUMMARY OF COWEN’S INSIGHT |
Mobility | The auto industry is undergoing multiple transitions. We believe electrification of transport will happen sooner than the market expects, setting off new rounds of innovation. The |
Energy Transition | We are at a tipping point in the transition to a low carbon economy. We believe many different segments of energy transition will benefit from unprecedented levels of new investment. No single silver bullet will solve the world’s energy crisis. We see room for multiple technologies to succeed. |
Cryptocurrencies and Digital Assets | We believe crypto will be regulated similar to the non-crypto product it is trying to replace. That includes consumer protection, tax, and money laundering. The regulatory framework for crypto will take time to develop. |
Health Care Innovation | Biotech and pharmaceutical innovation is accelerating, including cell & gene therapies (C>) and related tools, a reinvigorated focus on certain infectious diseases, psychedelics, potentially disease-modifying therapy for Alzheimer's Disease, and targeted oncology. Precision medicine is in its infancy, ushering in a new wave of innovators, significant investment by incumbents, and addressing very large markets, most notably cancer treatment, a |
ESG | ESG matters not only from a consumer perspective, but also from a capital markets perspective. The flow of dollars seeking ESG-oriented investments is significant. That matters for asset managers and for companies seeking to raise capital. A Cowen survey found that 80% of 18-34 year-olds view sustainability as “somewhat” or “very” important to their purchasing decisions. This will heighten money managers’ focus on sustainability. |
The Post-COVID Consumer | Several consumer behaviors and preferences tipped during the pandemic. Next-gen consumers are rising in importance and gaining clout. A brand’s social impact and consumers’ perception of sustainability will increasingly influence purchase decisions. |
Sustainable Food & Healthy Living | Driven by next-gen consumers, a shift toward more environmentally friendly and healthy products is underway. We believe we are on the cusp of one of the most dramatic changes in packaged food in recent memory. For example, our proprietary work points to a 10x increase in the global oat-based segment to |
Cannabis | Cannabis has continued to mainstream and we have been consistently raising our total addressable market estimate. There remains a significant opportunity to transition a large illicit market. We have maintained more measured expectations on the timing of Federal action, but we continue to believe legalization is a matter of “when,” not “if.” |
Health Care Business Model Transformation | Payment model innovation, site-of-care delivery transformation, and the digital data revolution are three investable mega-trends. We believe that a migration to value-based care is an incremental |
The COVID pandemic meaningfully accelerated enterprise software innovation and adoption, ushering in a new wave of computing frameworks and applications that will set a compelling course for growth and innovation for years to come. We believe software companies will continue to scale at an unprecedented pace, driven by several factors including faster cycles from cloud, new routes to market such as self-service and “freemium,” and higher visibility into revenue streams from subscription models. | |
Cybersecurity | Cyber attacks have continued to escalate. The cost of the average data breach in 2021 was |
Robotics & Automation | The Robotics sector stands to benefit from growth in eCommerce logistics demand, labor shortages, an aging |
Market Structure | We estimate that only 30% of the volume that hits the tape in |
For more information and to read the Cowen 2022 themes report, please click here.
About
Cowen’s research department has 60 senior analysts covering 965 securities across multiple sectors including industrials, consumer, energy, health care, technology, media & telecom, and cross-asset, as well as a deep
About Cowen Inc.
© 2021,
Media Contacts:
dg@gagnierfc.com
646 569 5897
Source:
2021 GlobeNewswire, Inc., source