Geriatric Medicines Market size is estimated to reach $1.5 billion by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. Geriatrics, or geriatric medicine is a specialty that aims attention at the health care of elderly people. It targets to advance health by avoiding and treating ailments and disabilities in the elderly population. Delirium in geriatric medication is associated with anticholinergic concerns.
The top 5 players in the Geriatric Medicines industry are –
1. Endo Pharmaceuticals Inc.
2. Merck & Co. Inc.
3. AstraZeneca PLC
4. Pfizer Inc.
5. Allergan
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Segmental Analysis:
1.The Geriatric Medicines Market based on therapeutic category can be further segmented into Analgesics, Antidiabetics, Antihypertensives, Antidepressants, and Others. The Analgesics Segment held the largest market share in 2021.
2. The Geriatric Medicines Market based on therapeutic conditions can be further segmented into Cardiovascular, Arthritis, Diabetes, Neurological, Cancer, Osteoporosis, Respiratory, and Others.
3. The Geriatric Medicines Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Geriatric Medicines Market) held the largest share with 35% of the overall market in 2021.
Report Coverage |
|
Report Attributes |
Details |
By Therapeutic Category |
Analgesics, Antidiabetics, Antihypertensives, Antidepressants, Others. |
By Therapeutic Condition |
Cardiovascular, Arthritis, Diabetes, Neurological, Cancer, Osteoporosis, Respiratory, Others. |
By Geography |
North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).Get more detailed information about these segments in the report. Buy it here: |
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Market Drivers and Challenges:
1. In current months, a novel multidisciplinary initiative at UH (University Hospitals Cleveland Medical Center) has been offering all-inclusive assessment and medical administration for elderly individuals looking for renal transplants.
2. As per statistics by the University of Kentucky, 25% of older mature grown-ups consume 5 or more medicines on a routine basis. Older mature grown-ups with multimorbidity, polypharmacy, and complicated health requirements are the principal consumer of health care.
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