Geriatric Medicines Market: Size, Share, Growth, Trends, and Forecasts 2016–2024
The global geriatric medicines market is mainly boosted by the normal elevation in the aged populations in different areas, specifically in developed and developing countries.
Global Geriatric Medicines Market: Overview
Geriatric medicine, or geriatrics, is a specialty that aims at the fitness of aged individuals. It intends to market health by treating and preventing disabilities and diseases in aged individuals. There is no specific age limit at which users might be below the treatment from a geriatric physician, or geriatrician, a physician who focuses on the treatment of aged individuals. The report provides 360° analysis of Keyword from the view of manufacturers, regions, product types and end industries. The research report analyzes the historical data along with the current performance of the global geriatric medicines market and estimates the future trends and growth opportunities on the basis of this detailed study.
Global Geriatric Medicines Market: Growth Factors
The global geriatric medicines market is mainly boosted by the normal elevation in the aged populations in different areas, specifically in developed and developing countries. The rising occurrence of adults with age more than 65 Years that are impacted by a range of chronic situations and the increasing cases of disorders such as cancer, neurological disorders, cardiovascular disorder, and rheumatoid arthritis, are the main reasons bolstering the geriatric medicines market. A huge number of elderly people dependent on polypharmacy are likely to have the side-effects owing to the reactions of the various medications. This has derived the requirement for geriatric care, hence helping the geriatric medicines market to grow.
The rising occurrence of medication-associated issues among elderly people and the pressing requirement for soothing care are the determining reasons powering the geriatric medicines market. In addition to this, in coming years, the concerted attempts by governments in offering fine geriatric care in a lot of up-and-coming nations and the noteworthy spending done by them in starting geriatric care units have fueled the global geriatric medicines market. The increasing occurrence of elderly people undergoing from various chronic conditions has powered the requirement for analgesics amongst the aged people, hence catalyzing the development of geriatric medicines market. The rising occurrence of different cardiovascular cases has activated the frequency of heart attacks, hence supporting the requirement for geriatric medicines market.
Global Geriatric Medicines Market: Segmentation
The global geriatric medicines market is classified on the basis of the therapeutic segments into antihypertensives, analgesics, antidiabetics, statins, anticoagulants, proton pump inhibitors, antidepressants, and antipsychotics.
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The global geriatric medicines market is divided based on the therapeutics employed for a range of conditions, such as arthritis, cardiovascular diseases, cancer, neurological disorders, respiratory diseases, and osteoporosis.
Global Geriatric Medicines Market: Regional Analysis
North America holds the biggest share of revenue owing to the attendance of a huge geriatric population in the area. The attendance of a well-developed reimbursement scene, enhanced healthcare services, and the advanced access to significant life-saving medicine has considerably powered the standard rates of life expectancy in this area.
In addition to this, the number of people surviving after 65–70 years undergoing from different target disorders is rising continually and this reason is anticipated to play a role of a high affect rendering catalyst for the expansion of the global geriatric medicines market in the future.
The main reasons attributing to high growth in the Asia Pacific comprise the role of various generic and patented drugs, noteworthy developments in the healthcare services in the area, the increment in disposable revenues, and an elevation in private and public healthcare expenditure.
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Global Geriatric Medicines Market: Competitive Players
Noteworthy companies working in the geriatric medicines market comprise BoehringerIngelheim GmbH, GlaxoSmithKline Plc, Bristol-Myers Squibb Company, Novartis AG, Eli Lilly and Company, Pfizer, Inc., AstraZeneca plc, Abbott Laboratories Inc., Sanofi S.A., and Merck & Company Inc.
Global Geriatric Medicines Market: Regional Segment Analysis
North AmericaThe U.S.
The Asia PacificChina
The Middle East and Africa
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