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The geriatric medicines market is estimated to increase by USD 58.3 billion and grow at a CAGR of 8.09% between 2023 and 2028. The market is experiencing significant growth, driven by the expanding geriatric population, the rise in therapeutic approaches for age-related diseases, and the heightened support from government and non-governmental organizations for the elderly, including initiatives such as ePharmacy. The global population aged 65 and above is projected to reach 1.5 billion by 2050, necessitating increased demand for healthcare solutions, including geriatric medicines. Moreover, the improved medical infrastructure supports homecare services and emergency care, crucial for patients with obesity, opioid use disorder (OUD), and serious illnesses. Furthermore, the development of targeted therapies and personalized medicine approaches for geriatric patients is a notable trend in the market. However, the market also faces challenges, such as the side effects associated with geriatric medicines, which can impact patient compliance and safety. The need for continuous research and development to address these challenges and improve patient outcomes is crucial for market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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