Gerontology

Global Gerontology Market to Reach US$2.3 Billion by 2030

The global market for Gerontology estimated at US$1.5 Billion in the year 2024, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 7.0% over the analysis period 2024-2030. Social Gerontology, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$1.0 Billion by the end of the analysis period. Growth in the Environmental Gerontology segment is estimated at 8.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$398.8 Million While China is Forecast to Grow at 6.8% CAGR

The Gerontology market in the U.S. is estimated at US$398.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$365.8 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.4% and 6.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

Global Gerontology Market - Key Trends & Drivers Summarized

How Is Gerontology Shaping the Future of Aging Research?

Gerontology is rapidly evolving as a multidisciplinary field focused on understanding the biological, psychological, and social aspects of aging. With the global population aging at an unprecedented rate, the need for advanced gerontological research and solutions has never been greater. Researchers in this field are exploring the mechanisms of aging to identify interventions that can promote healthy aging and improve quality of life for older adults. This has led to significant advancements in areas such as age-related diseases, cognitive decline, and longevity science.

Biological research in gerontology focuses on uncovering the cellular and molecular processes underlying aging, such as senescence, telomere shortening, and mitochondrial dysfunction. These insights are driving the development of anti-aging therapies and age-specific medical treatments. On the social front, gerontologists are addressing issues related to elder care, social isolation, and intergenerational dynamics. As this field continues to expand, gerontology is becoming a critical component of healthcare and policy-making aimed at creating age-inclusive societies.

Why Are Healthcare Innovations Driving Growth in Gerontology?

The increasing prevalence of age-related diseases, such as Alzheimer`s, osteoporosis, and cardiovascular conditions, has spurred innovation in healthcare solutions tailored to older populations. Gerontology plays a pivotal role in guiding the development of these innovations by integrating scientific insights with practical healthcare applications. For instance, advancements in telemedicine and wearable health technologies are enabling real-time monitoring of older adults, improving early diagnosis and personalized care.

Pharmaceutical companies are investing heavily in geriatric-focused drug development, targeting conditions that disproportionately affect the elderly. Additionally, rehabilitative and assistive technologies, such as mobility aids, smart home systems, and AI-powered caregiving robots, are transforming elder care by enhancing independence and safety. The integration of these technologies into gerontological practices is redefining the standard of care for older adults, making healthcare more accessible and effective.

How Are Socioeconomic Factors Impacting Gerontology?

Socioeconomic factors are significantly influencing the trajectory of gerontology, shaping both the demand for and access to gerontological services. In high-income countries, aging populations are driving investments in senior living facilities, geriatric healthcare, and retirement planning services. Governments and private organizations are prioritizing the development of age-friendly infrastructure and policies to accommodate the needs of older citizens.

In contrast, low- and middle-income countries are grappling with the dual challenges of rapid population aging and limited healthcare resources. Gerontologists in these regions are working to address disparities in access to care, promote community-based interventions, and advocate for policies that support elder well-being. Across the globe, the growing recognition of the economic and social contributions of older adults is fostering a more inclusive approach to aging, highlighting the need for sustainable gerontological solutions.

What Factors Are Driving the Growth of the Gerontology Market?

The growth in the Gerontology market is driven by several factors, including the rising global aging population, increasing prevalence of age-related diseases, and advancements in healthcare technologies. The demand for geriatric care services and age-specific medical treatments has surged as life expectancy continues to rise. Governments and healthcare providers are investing in elder care infrastructure, including specialized hospitals, nursing homes, and assisted living facilities, to cater to the needs of older adults.

Technological advancements, such as AI-driven diagnostics, wearable health devices, and robotic caregivers, are enhancing the quality and efficiency of geriatric care, driving adoption across the market. Additionally, public awareness campaigns and education initiatives are promoting proactive health management among aging populations, further supporting market growth. As societies worldwide recognize the importance of gerontology in addressing the challenges of aging, the market is poised for sustained expansion, shaping a more inclusive and supportive environment for older adults.

SCOPE OF STUDY:

The report analyzes the Gerontology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Social Gerontology, Environmental Gerontology, Biogerontology); Application (Fitness & Wellness Services Application, Non-Profit Organizations Application, Business Communities Application, Hospitality Application, Travel Application, Healthcare Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• British Geriatrics Society
• Centre of Ageing Better
• HelpAge India Non Profit Organisation in India
• Keele University
• National Ageing Research Institute Limited. (NARI)
• Simon Fraser University
• Stockholm County Elderly Center Foundation
• Tampere University of Applied Sciences
• University of Jyväskylä
• World Health Organization

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