Global Gerontology/Aging Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Healthcare Services (Home Healthcare, Nursing Homes), Medical Devices (Mobility Aids, Monitoring Systems), Pharmaceuticals (Chronic Disease Management), Wellness & Fitness Products, and Assistive Technology (Smart Home Devices).

By Service Type;

In-Home Care Services, Telehealth Services, Rehabilitation Services, and Palliative Care.

By End User;

Individual Consumers, Healthcare Providers, Government Agencies, and Caregiving Organizations.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn104130674 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Gerontology/Aging Market (USD Million), 2021 - 2031

In the year 2024, the Global Gerontology/Aging Market was valued at USD 32195.95 million. The size of this market is expected to increase to USD 51699.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global gerontology/aging market is expanding rapidly due to the increasing number of elderly individuals worldwide. As life expectancy rises and birth rates decline, the aging population is growing at an unprecedented rate. According to the United Nations, by 2050, the global population of people aged 60 years and older is expected to more than double. This demographic shift is driving demand for various products and services tailored to the elderly, including healthcare, pharmaceuticals, medical devices, home care, and assisted living facilities. The growing need for age-related services is creating new opportunities for businesses and governments to invest in geriatric care and related industries, making it one of the most significant markets worldwide.

Healthcare for the aging population is one of the key sectors driving the gerontology market, as older adults are more prone to chronic conditions such as heart disease, diabetes, arthritis, and cognitive impairments like Alzheimer’s disease. There is an increasing focus on age-related healthcare solutions that promote better quality of life for seniors, including advanced medical treatments, preventive care, and rehabilitation services. The market is also being shaped by innovations in assistive technologies, such as wearable devices, home monitoring systems, and mobile health apps, which enable older individuals to live independently while receiving the necessary care and support. These technological advancements are making geriatric healthcare more accessible, efficient, and cost-effective.

Moreover, the demand for senior housing is on the rise as more elderly individuals seek specialized living arrangements. With the increase in age-related health issues, many seniors are opting for assisted living or nursing homes that provide round-the-clock care. At the same time, the demand for home care services is also growing, as many older adults prefer to age in place rather than relocate to institutionalized settings. Governments are investing in geriatric education and training programs to meet the needs of the aging population, ensuring a skilled workforce capable of delivering specialized care. As the aging market continues to evolve, it will create numerous opportunities for healthcare providers, technology companies, and service providers to cater to the diverse needs of older adults.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Service Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Gerontology/Aging Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing aging population worldwide
        2. Rising prevalence of age-related chronic diseases
        3. Advances in healthcare technologies and medical devices
        4. Growing demand for elder care services and facilities
        5. Improved life expectancy and aging demographics
      2. Restraints
        1. High cost of healthcare and elderly care services
        2. Lack of trained geriatric professionals
        3. Limited healthcare access in rural and underserved areas
        4. Economic strain on public healthcare systems
      3. Opportunities
        1. Innovations in aging-related healthcare solutions and technologies
        2. Expansion of home care services and senior housing facilities
        3. Government initiatives and funding for elderly care
        4. Development of personalized geriatric care models and treatments
    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 Gerontology/Aging Market, By Product, 2021 - 2031 (USD Million)
      1. Healthcare Services
        1. Home Healthcare
        2. Nursing Homes
      2. Medical Devices
        1. Mobility Aids
        2. Monitoring Systems
      3. Pharmaceuticals
        1. Chronic Disease Management
      4. Wellness & Fitness Products
      5. Assistive Technology
        1. Smart Home Devices
    2. Global Gerontology/Aging Market, By Service Type, 2021 - 2031 (USD Million)
      1. In-Home Care Services
      2. Telehealth Services
      3. Rehabilitation Services
      4. Palliative Care
    3. Global Gerontology/Aging Market, By End User, 2021 - 2031 (USD Million)
      1. Individual Consumers
      2. Healthcare Providers
      3. Government Agencies
      4. Caregiving Organizations
    4. Global Gerontology/Aging 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. Centre of Ageing Better
      2. Senior Care Centers
      3. Keele Centre for Social Gerontology
      4. HelpAge India
      5. Administration on Aging
      6. Gerontology Research Center
      7. National Aging Research Institute
  7. Analyst Views
  8. Future Outlook of the Market