The US geriatric medicine market is projected to witness a growth of 4.6% during the forecast period. The major factors contributing to the growth of the market include the increasing geriatric population and rising prevalence of cardiovascular diseases (CVDs). The country has the presence of some of the leading market players, such as Abbott Laboratories, Johnson & Johnson Services Inc., and Eli Lilly and Co. contributes to the significant growth in the demand for geriatric medicine in the US.
Moreover, the country has the presence of research institutes that mainly focusses on geriatric health. American Geriatrics Society and The Gerontological Society of America are among the most renowned research centers governed by the Government of the US, focusing on the scientific study of aging and development of effective medical, biological, psychological, and social solutions for the geriatric population.
The geriatric medicine market is classified on the basis of therapeutics and conditions. Based on therapeutics, the market is segmented into analgesic, anticoagulant, antihypertensive, antidiabetic, and others. Based on the condition, the market is segregated into CVDs, diabetes, neurological, cancer, respiratory, and others. Among these conditions, the CVDs segment contributes significantly to the market. The dominance of the segment is backed by the significant patient pool of CVDs across the globe. With the rise in age, the development of CVDs increases subsequently. Therefore, a huge market is covered by CVDs medicines in the geriatric medicine market.
The US geriatric medicine market is influenced by product development and advancements conducted by the market players. The key players of the geriatric medicine market include Pfizer Inc., Bristol-Myers Squibb Co., Abbott Laboratories Inc., Johnson & Johnson Services Inc., Eli Lilly and Co., Merck & Co. Inc., and Boehringer Ingelheim GmbH. These players are playing a significant role in the growth of the geriatric medicine market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the US geriatric medicine market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report is intended for drug manufacturers, pharmaceutical & biopharmaceutical companies, research institutes, academic institutes, industry associates & experts, government organizations, regulatory bodies, and other market participants for overall market analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Pfizer Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Bristol-Myers Squibb Co.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Abbott Laboratories Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Eli Lilly and Co.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Geriatric Medicine Market by Therapeutic
5.1.1. Analgesic
5.1.2. Anticoagulant
5.1.3. Antihypertensive
5.1.4. Antidiabetic
5.1.5. Others (Statins and Antipsychotic)
5.2. US Geriatric Medicine Market by Condition
5.2.1. Cardiovascular Diseases (CVDs)
5.2.2. Diabetes
5.2.3. Neurological
5.2.4. Cancer
5.2.5. Respiratory
5.2.6. Others (Arthritis and Osteoporosis)
6. Company Profiles
6.1. Abbott Laboratories Inc.
6.2. Amgen Inc.
6.3. Astellas Pharma Inc.
6.4. AstraZeneca PLC
6.5. Boehringer Ingelheim GmbH
6.6. Bristol-Myers Squibb Co.
6.7. Cipla Ltd.
6.8. Eli Lilly and Co.
6.9. GlaxoSmithKline PLC
6.10. Johnson & Johnson Services Inc.
6.11. Merck & Co., Inc.
6.12. Novartis AG
6.13. Pfizer Inc.
6.14. Sanofi SA
6.15. Teva Pharmaceutical Industries Ltd.
1. US GERIATRIC MEDICINE MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC, 2019-2026 ($ MILLION)
2. US GERIATRIC MEDICINE MARKET RESEARCH AND ANALYSIS BY CONDITION, 2019-2026 ($ MILLION)
1. US GERIATRIC MEDICINE MARKET SIZE, 2019-2026 ($ MILLION)
2. US GERIATRIC MEDICINE MARKET SHARE BY THERAPEUTIC, 2019 VS 2026 (%)
3. US GERIATRIC MEDICINE MARKET SHARE BY CONDITION, 2019 VS 2026 (%)