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Geriatric Medicine Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028
Global Geriatric Medicine Market size was estimated to be US$ 677.5 million in 2019 and is growing at a CAGR of 6.7%
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Population of people above 65 years rises from 9% in 2019 to further 16% of total population by upcoming 2050. In addition, people above 80 years are reported to triple by 2050. Consequently, rising capacity of patient outcomes for higher market demand over the forecasted period of 2021- 2028.
High Prevalence of Chronic Disease and Rising Government Support for Elderly spells market growth: Surge in geriatric population with rise in chronic diseases cases is predictable for market augmentation. Cases leading to unintended pregnancies demands for market growth.
Analgesic drug market dominance: Increases cases demands for pain killers for chronic diseases such as arthritis which demands for the market growth during the forecasted period.
Hence, geriatric need to cling towards long medication term. Government needs intensified focus on meeting the medical requirements of geriatric population. In addition, commending healthcare policies needs for implementation. In addition, advanced public health care system for rising awareness regarding overdoes of drugs such as NSAIDS and opioids. Such factors propel for geriatric medicine for curbing the risks. The geriatric medicines market is projected to reach a CAGR of XX % during the forecast period of 2021 – 2028 and the valuation is predicted to reach enormously US$ 1142.8 billion.
Geriatric Medicine market report includes analysis by drug class (analgesic, antihypertensive, statins, antidiabetic, proton pump inhibitor, anticoagulant and antipsychotic & antidepressant), indication (cardiovascular, arthritis, diabetes, neurological, cancer, osteoporosis and respiratory), route of administration (oral, parenteral and others), end- user (hospital, retail and online pharmacies) and geographically. North America is dominating the global geriatric medicine market in 2018 and the inclination is likely to grow owing to extremely organized health care facilities, skilled surgeons, growth of global market players, and high awareness of modern therapeutic. Asia Pacific grants productive prospect for highly lucrative market for retinal disorders during the forecast period: 2021 to 2028 in the emerging nations such as China, Japan and India.
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Prominent competitor inducing the Geriatric Medicine Market include, among others
• Pfizer Inc
• Merck & Co Inc
• AstraZeneca
• Bristol-Myers Squibb Company
• Novartis AG
• Sanofi S.A.
• GlaxoSmithKline
• Cipla
• Aurobindo Pharma
Contact:
Rakesh K Singh
Head - Business Development
Patna Office (Asia):
K-129, PC Colony, Hanuman Nagar, Kankarbagh, Patna,
PIN - 800020
Tel: +1-339-368-6383/ +91-9665120699
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We at Accurize Market Research provide syndicated as well as customized reports across domains namely Consumer Goods, Food & Beverages, Manufacturing, Medical Devices, Mining Equipment, Automation, Manufacturing, Healthcare & Medical, and Defense & Aerospace, Semiconductor & Electronics, Construction, Information and Communication, Construction, Banking, Financial Services and Insurance (BFSI), and Energy among others. These industry vertical areas are further studied and analyzed across different geographies namely North America, Europe, Asia Pacific and Rest of the World (RoW). The countries across these major geographies are also covered under the scope of our study; such as the U.S., Mexico and Canada under North America; UK, Germany, Russia, Germany and France among others under Europe. Similarly, China, India, Taiwan, South Korea, Australia, Singapore and Japan among others are covered under Asia Pacific. Rest of the World (RoW) includes South & Central America, Middle East and Africa. Further, as per the scope countries across South & Central America, Middle East and Africa would also be studied separately under the scope of the report.
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