Global geriatric meds market set to hit over $1 trillion by 2024

14 June 2016

The global market for geriatric medicines is expected to reach a value of over $1,017 billion by 2024, according to a new report by Grand View Research Inc.

Increase in the global geriatric population is one of the major challenges for the healthcare industry and the governments across the globe, however, it has proven to be a boon for the geriatric medicine market.

The high market growth is anticipated on account of the rising prevalence of various target diseases in the geriatric population, the demographic shift, the upward trend in lifestyle-related risk factors, and the significantly improved access to affordable healthcare as well as medicine across the developing and emerging economies.

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