Geriatric Medicines Market to Reach US$ 1,080,696.6 Mn by 2026
Geriatric medicines are a specialty branch of medical science that provides diagnosis and treatment options for the elderly. Most geriatrics are unable to take their medication properly at a scheduled time, due to complex medical and psychological problems. The geriatric population requires special care and attention for the speedy recovery of disease or disorder. The global geriatric medicines market is expanding at a significant pace due to increasing government support toward old people for their health, safety, and nursing care. Developed nations already have quality geriatric care management systems in place and developing nations are making high investments in geriatric care.
Read Report Overview @ https://www.transparencymarketresearch.com/geriatric-medicine-market.html
There has been an unprecedented growth in the global geriatric population. According to the World Health Organization (WHO), people over the age of 65 form the fastest-growing population segment globally. This rise in geriatric population has led to an increase in the incidence and prevalence of chronic diseases. According to Canadian Institute of Health Information, the geriatric population accounts for 17% of the total population in Canada. Senior citizens (those age 65 and older) are estimated to account for roughly 40% of all spending on prescribed drugs and 55% of public drug program spending. The geriatric population is rising faster than any other population in Canada, increasing by an average of 3.9% per year from 2011 to 2016 (compared with 0.6% for non-seniors).
Request Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2445
The global geriatric medicines market was valued at US$ 630,225.2 Mn in 2017 and is anticipated to reach US$ 1,080,696.6 Mn by 2026, expanding at a CAGR of 6.1% from 2018 to 2026. Increasing prevalence of chronic diseases in the geriatric population, favorable reimbursement scenario, and increasing government initiatives toward geriatrics can be attributed to the expansion of geriatric medicines market during the forecast period.
The global geriatric medicines market has been segmented based on therapeutic category, condition, distribution channel, and region. In terms of therapeutic category, the geriatric medicine market has been divided into analgesic, antihypertensive, statins, antidiabetic, proton pump inhibitor, anticoagulant, antipsychotic & antidepressant, and others. In terms of condition, the market has been segregated into cardiovascular, arthritis, neurological, cancer, osteoporosis, respiratory, and others.
Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2445
The cardiovascular segment accounted for a prominent share of the market, in terms of revenue, in 2017. The segment is also expected to expand at a CAGR of 6.4% during the forecast period. Factors such as high uptake of alcohol and cigarettes and rising obesity in individuals leading to cardiovascular diseases boost the segment.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Geriatric Medicines Market to Reach US$ 1,080,696.6 Mn by 2026 here
News-ID: 1562550 • Views: 186
More Releases from Transparency Market Research
Dielectric Gases Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Dielectric Gases Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Dielectric Gases market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Dielectric Gases market over the
Oxalic Acid Market Size will Observe Lucrative Surge by the End 2027
Overview TMR’s report on the Oxalic Acid Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Oxalic Acid market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Oxalic Acid market over the
Long Fiber Thermoplastics Market Shares, Strategies and Opportunities 2027
Overview TMR’s report on the Long Fiber Thermoplastics Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Long Fiber Thermoplastics market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Long Fiber Thermoplastics
High Performance Foaming Agents Market Size will Observe Lucrative Surge by the …
Overview TMR’s report on the High Performance Foaming Agents Market is an all-important tool for market stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the High Performance Foaming Agents market serves as a valuable guide for market stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the High
More Releases for Geriatric
Soaring Geriatric Demographic & Sophisticated Technology Buttress Geriatric Medi …
Governments’ relentless pitch for all-round assistance for geriatric people along with technological advancements aimed at ameliorating medical assistance has underpinned the geriatric medicines market. One of the insurance programs in the United States named as the Federal Long Term Care Insurance Program has aptly incorporated near-to-full medical cost of the Americans. Factors such as longer life-expectancy, aging demographic, swelled awareness and adoption of sophisticated therapeutics are prophesized to propel the
Electric Tables Market: Rising Geriatric Population to Substantially Instrument …
Electric tables find wide spread applications in healthcare facility to aid various medical needs such as diagnostic procedures. Crucial needs pertaining patient comfort during medical procedures and ease of use for practitioners have encouraged adoption of electric tables across regions. Advancements in design to suit diverse patient needs, coupled with multi-dimensional availability are likely to reflect considerable growth in electric tables market in forthcoming years. Additionally, rising geriatric population and corresponding spike
Cataract Market Geriatric & Future Scenario 2025
Global Cataract Market: Snapshot The incrementing demand in the global cataract market is a reflection of growing geriatric population, as people aged over 60 years frequently develop conditions wherein eyes have reduced elasticity and in turn affects the normal functioning. The market for cataract is also expected to gain from awareness programs such as VISION 2020, launched by the WHO and the International Agency for the Prevention of Blindness. Request Sample Copy
Geriatric Care Services Market Size to Grow by 5.90% CAGR
Transparency Market Research has published a new research report that offers a holistic view of the global geriatric care services market. According to the research report, titled “Geriatric Care Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, the market shows a positive growth trend due to several reasons. Research analysts have studied this market using SWOT analysis to highlight the strengths, weaknesses, opportunities,
Global Geriatric Drugs and Disease Management Market: High Incidence of Chronic …
Researchmoz added Most up-to-date research on "Global Geriatric Drugs and Disease Management Market: High Incidence of Chronic Ailments among Geriatric Population Crea" to its huge collection of research reports. Geriatric medicine refers to a branch of medicine dealing with the diagnosis, treatment and prevention of diseases in the elderly population. Increasing demand for geriatric care medication and services is attributed to increasing needs of the elderly population. The geriatric population suffers
Geriatric Medicines Market Analysis & Trends 2023
The global market for geriatric medicines stood at US$ 504.7 bn in 2014 and is projected to expand at a CAGR of 7.3 % during 2015–2023. Rising at this pace, the opportunities in the market is anticipated to reach US$ 948.0 bn by the end of 2023. Governments’ Push for Quality Geriatric Care Bodes Well for Market The global geriatric medicines market is primarily driven the general rise in the elderly populations