Geriatric Medicine Market

By Therapeutics;

Analgesic, Antihypertensive, Statins, Antidiabetic, PPI, Anticoagulant, Antipsychotic, and Others

By Form;

Tablet, Liquid, Capsule, Inhalers, Topical, and Others

By Disease Indication;

Oncology, Orthopedic Disorders, Cardiovascular Disorders, Respiratory Disorders, Neurological Disorders, Metabolic Disorders, and Others

By Distribution Channel;

Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn717856971 Published Date: August, 2025

Geriatric Medicine Market Overview

Geriatric Medicine Market (USD Million)

Geriatric Medicine Market was valued at USD 339,034.93 million. The size of this market is expected to increase to USD 464,479.16 million In the year 2024. by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.


Geriatric Medicine Market

*Market size in USD million

CAGR 4.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.6 %
Market Size (2024)USD 339,034.93 Million
Market Size (2031)USD 464,479.16 Million
Market ConcentrationHigh
Report Pages313
339,034.93
2024
464,479.16
2031

Major Players

  • GlaxoSmithKline Plc
  • Boehringer Ingelheim GmbH
  • Novartis AG
  • Bristol-Myers Squibb Company
  • Pfizer Inc
  • Eli Lilly Company
  • Abbott Laboratories Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Geriatric Medicine Market

Fragmented - Highly competitive market without dominant players


The Geriatric Medicine Market is expanding rapidly as healthcare systems prioritize specialized care for older populations. More than 55% of individuals aged 65 and above depend on customized medical treatments, making this sector an essential part of modern healthcare.

Growing Demand for Elderly Care
With longer life expectancy, nearly 60% of elderly patients need consistent medical attention to manage age-related conditions. Geriatric medicine plays a vital role in improving well-being, offering treatments designed to address complex health needs in seniors.

Innovations in Medical Treatments
Advances in pharmaceuticals and healthcare technologies have increased treatment efficiency by almost 40%. These innovations in geriatric medicine deliver safer and more effective therapies that enhance recovery and long-term health outcomes.

Future Growth Prospects
It is projected that over 70% of healthcare providers will expand their use of geriatric medicine to support rising demand. This reflects the increasing significance of elderly-focused medical solutions in shaping the future of healthcare.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Therapeutics
    2. Market Snapshot, By Form
    3. Market Snapshot, By Disease Indication
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Geriatric Medicine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Geriatric Medicine Market, By Therapeutics, 2021 - 2031 (USD Million)
      1. Analgesic
      2. Antihypertensive
      3. Statins
      4. Antidiabetic
      5. PPI
      6. Anticoagulant
      7. Antipsychotic
      8. Others
    2. Geriatric Medicine Market, By Form, 2021 - 2031 (USD Million)
      1. Tablet
      2. Liquid
      3. Capsule
      4. Inhalers
      5. Topical
      6. Others
    3. Geriatric Medicine Market, By Disease Indication, 2021 - 2031 (USD Million)
      1. Oncology
      2. Orthopedic Disorders
      3. Cardiovascular Disorders
      4. Respiratory Disorders
      5. Neurological Disorders
      6. Metabolic Disorders
      7. Others
    4. Geriatric Medicine Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hospital Pharmacies,
      2. Retail Pharmacies
      3. Online Pharmacies
    5. Geriatric Medicine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GlaxoSmithKline Plc
      2. Boehringer Ingelheim GmbH
      3. Novartis AG
      4. Bristol-Myers Squibb Company
      5. Pfizer Inc
      6. Eli Lilly Company
      7. Abbott Laboratories Inc
  7. Analyst Views
  8. Future Outlook of the Market