Orion Market Research
Global Geriatric Medicine Market, Size, Share, Analysis
Report & Forecast to 2026
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404
The global geriatric medicine market is projected to exhibit a significant growth, at a CAGR of around
6.1%, during the forecast period. The aging population is continuously increasing across the globe.
According to the World Health Organization (WHO), the geriatric population is expected to get double by
2050, when compared to 2000. Globally, in 2000, the proportion of the people aged over 65 years were
11.0% of the global population, and these statistics are expected to reach 22.0% by 2050. In turn, the
geriatric population is expected to reach 2 billion by 2050, as compared to 605 million in 2010. Similarly,
the people aged over 80 years or older are expected to get quadrupled to 395 million from 2000 to 2050.
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According to the UN, over the next 15 years, the older population is expected to grow fastest in the
Caribbean and Latin America with a projected 71.0% increase in the population aged 60 years or over,
followed by Asia (66.0%), Africa (64.0%), Oceania (47.0%), Northern America (41.0%), and Europe (23.0%).
In 2018, the global average geriatric population was 8.92%, in which, the percentage of geriatric
population in developed economies was much higher than that of the global average (8.92%). In 2018,
among the total population, the geriatric population accounted for 16.0% in North America, 22.0% in
Germany, 23.0% in Italy, and 27.0% in Japan, among others.
Therefore, such a rise in the geriatric population in variou