Global Geriatric Medicines Market
Market Size in USD Billion
CAGR :
% 
USD
1.45 Billion
USD
2.40 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 1.45 Billion |
 Market Size (Forecast Year) |
USD 2.40 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Geriatric Medicines Market Segmentation, By Indication (Cardiovascular, Arthritis, Diabetes, Neurological, Cancer, Osteoporosis, Respiratory, Others), Drug Class (Analgesic, Antihypertensive, Statins, Antidiabetic, Proton Pump Inhibitor, Anticoagulant, Antipsychotic and Antidepressant, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2032
Geriatric Medicines Market Analysis
During the forecast period, the market for geriatric medications is anticipated to expand significantly. The expansion of this market can be attributed to emerging markets and significant investments in R&D. The growth of geriatric medicines market is enhanced by the growing cases of orthopedics diseases such as osteoporosis and arthritis, the vulnerable aging population and the rise in research and development activities conducted by many pharmaceutical companies. COVID-19 also had a major impact on the market growth.
Global Geriatric Medicines Market Size
Global geriatric medicines market size was valued at USD 1.45 billion in 2024 and is projected to reach USD 2.40 billion by 2032, with a CAGR of 6.50% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes |
Geriatric Medicines Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
Pfizer Inc (U.S.), Otsuka Pharmaceutical Co., Ltd (Japan), AstraZeneca (U.K.), Bristol-Myers Squibb Company (U.S.), Allergan, Inc (Ireland), Dr. Reddy's Laboratories Ltd (India), Endo International plc (Ireland), Teva Pharmaceutical Industries Ltd (Israel), Sun Pharmaceutical Industries Ltd (India), Mylan N.V. (U.S.), Novartis AG (Switzerland), Lupin (India), Cipla Inc (India), Aurobindo Pharma (India), Torrent Pharmaceuticals Ltd (India), Sanofi (France), Merck & Co., Inc (U.S.), Apotex Inc (Canada) |
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Market Opportunities |
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Geriatric Medicines Market Definition
The geriatric population suffers conditions like high cholesterol levels, high blood sugar levels, low immunity levels which contribute significantly to the rising prevalence of target diseases such as hypertension, coronary heart disease, stroke, diabetes, neurological disorders, and others. Geriatric medicine, also called geriatrics, is the study of medicine that specifically focuses on the diagnosis, treatment, promotion, or disabilities and prevention of disease in the older patient.
Geriatric Medicines Market Dynamics
Drivers
- Increase in Elderly Population
According to the World Health Organization (WHO), people over the age of 65 are the fastest demographic segment in the world. Between 2000 and 2050, the proportion of the world's population over the age of 60 is expected to double, increasing from about 11% to 22%. As a result, the growing elderly population is driving the growth of the global geriatric medicines market during the forecast period.
- Technological Advancements
Older people can now manage multiple prescription drug problems with recent technological advances. A pill box with an alarm allows older people to know exactly when and which pills to take. Several companies develop and sell smart pill bottles. These bottles allow you to connect your medicine to your doctor or pharmacy and get data on how often your patients take your medicine. It also warns the elderly about the appropriate time to take medicine if they miss a dose. Therefore, advances in medical technology have the potential to drive the geriatric medicines market around the world.
Opportunities
- Rising Incidence of Chronic Disorders
The elderly population suffers from various types of disabilities. Older people have a higher incidence of cancer and diabetes. In addition, stroke is a major problem for geriatrics. In the United States, every 40 seconds one person dies of a stroke, about 795,000 suffer a stroke each year, of which 610,000 have initial or recurrent strokes and 185,000 have recurrent strokes. As a result, the rise in the incidence of chronic diseases during the prediction interval has created a growth outlook for the geriatric medicines market.
Restraints/Challenges
- Side Effects of Medicines
Some types of medicines can adversely affect the health of the elderly. Older people are very sensitive to medicines and need proper prescription of medicines and medicines. Overdose of medicines and medicines can also lead to death from geriatrics. Therefore, medical professionals need to prescribe the right amount of medicine for the elderly. Therefore, the side effects of drugs limit the expansion of the global geriatric medicines market.
- High Cost
The huge expenditure of these medicines surely hamper the market growth.
This global geriatric medicines market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global geriatric medicines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Geriatric Medicines Market Scope
The global geriatric medicines market is segmented on the basis of drug class, indication, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Indication
- Cardiovascular
- Arthritis
- Diabetes
- Neurological
- Cancer
- Osteoporosis
- Respiratory
- Others
Drug Class
- Analgesic
- Antihypertensive
- Statins
- Antidiabetic
- Proton Pump Inhibitor
- Anticoagulant
- Antipsychotic
- Antidepressant
- Others
Route of Administration
- Oral
- Parenteral
- Others
End-Users
- Hospitals
- Homecare
- Speciality Centres
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Geriatric Medicines Market Regional Analysis
The global geriatric medicines market is analyzed and market size insights and trends are provided by drug class, indication, route of administration, distribution channel and end-user as referenced above.
The major countries covered in the global geriatric medicines market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market throughout the forecasted period owing to the high prevalence of chronic illness and increase in number of FDA approval drugs.
Asia-Pacific market will grow during forcast period of 2025 to 2032 due to the developing healthcare facilities, large number of generic manufacturer and rise in government initiatives and specialist communities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Geriatric Medicines Market Share
The global geriatric medicines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global geriatric medicines market
Geriatric Medicines Market Leaders Operating in the Market Are:
- Pfizer Inc (U.S.)
- Otsuka Pharmaceutical Co., Ltd (Japan)
- AstraZeneca (U.K.)
- Bristol-Myers Squibb Company (U.S.)
- Allergan,Inc (Ireland)
- Dr. Reddy's Laboratories Ltd (India)
- Endo International plc (Ireland)
- Teva Pharmaceutical Industries Ltd (Israel)
- Sun Pharmaceutical Industries Ltd (India)
- Mylan N.V. (U.S.)
- Novartis AG (Switzerland)
- Lupin (India)
- Cipla Inc (India)
- Aurobindo Pharma (India)
- Torrent Pharmaceuticals Ltd (India)
- Sanofi (France)
- Merck & Co., Inc (U.S.)
- Apotex Inc (Canada)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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