PUBLISHER: Grand View Research | PRODUCT CODE: 1529602
PUBLISHER: Grand View Research | PRODUCT CODE: 1529602
Gerontology Market Size, Share & Trends Analysis Report By Type, By Application, By Age, By Technology, By Region, And Segment Forecasts, 2024 - 2030
Gerontology Market Size & Trends
The global gerontology market size was estimated at USD 1.3 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030. This market includes healthcare services, assistive devices, pharmaceuticals, and wellness programs designed to address the specific needs of older adults. As the global population ages, the demand for gerontology-related services is rapidly increasing. According to the United Nations, the proportion of individuals aged 65 and older is growing more rapidly than those under 65. As a result, the global percentage of people aged 65 and above is projected to increase from 10% in 2022 to 16% by 2050. This market is also driven by technological advancements, increasing awareness of healthy aging, and a growing focus on preventive healthcare. The gerontology market is poised for significant growth, fueled by several key factors.
One of the primary drivers of the gerontology market is the increasing aging population worldwide. The global demographic shift towards an aging population, with the number of individuals over 60 is projected to double by 2050 to nearly 2.1 billion, presents both unique challenges and opportunities. This demographic shift creates a substantial demand for age-related healthcare services, products, and support systems. As life expectancy increases, there is a growing need for solutions that address chronic diseases, mobility issues, cognitive decline, and other age-related health concerns. These expanding elderly population ensures a sustained demand for gerontology services and innovations.
In addition, technological advancements play a crucial role in the growth of the gerontology market. Innovations in medical devices, telemedicine, and health monitoring systems are transforming the way care is delivered to older adults. Technologies such as wearable health monitors, smart home systems, and robotic assistance devices enhance the independence and safety of the elderly. Additionally, advancements in pharmaceuticals and biotechnology are leading to the development of more effective treatments for age-related diseases. These technological innovations improve the quality of life for older adults and drive market growth by offering new solutions and opportunities.
Furthermore, rising healthcare expenditure, particularly in developed countries, is another significant factor contributing to the growth of the gerontology market. Governments and private sectors are investing heavily in healthcare infrastructure and services to accommodate the needs of the aging population. In October 2023, elder care platform Age Care Labs raised USD 11 million in a pre-Series B funding round led by Rainmatter Capital and Gruhas. The funds will be used to expand its presence across India, invest in product and technology enhancements for an improved customer experience, and explore acquisition opportunities within the country. Increased funding for research and development in geriatrics and aging-related diseases is leading to the discovery of new treatments and therapies. Moreover, higher healthcare spending supports the expansion of long-term care facilities, home healthcare services, and rehabilitation centers, all of which are essential components of the gerontology market.
Global Gerontology Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the gerontology/aging market report on the basis of type, age, technology, application, and region.
- Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Social Gerontology
- Environmental Gerontology
- Biogerontology
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Fitness and Wellness Services
- Non-Profit Organizations
- Business Communities
- Hospitality
- Travel
- Healthcare
- Age Outlook (Revenue, USD Billion, 2018 - 2030)
- 65-75 years
- 75-85 years
- 85 and above
- Technology Outlook (Revenue, USD Billion, 2018 - 2030)
- Wearable Devices
- Smart Home Devices
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
UK
Germany
France
Italy
Spain
Norway
Denmark
Sweden
- Asia Pacific
Japan
China
India
Australia
South Korea
Thailand
- Latin America
Brazil
Argentina
Mexico
- Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. Age
- 1.2.3. Technology
- 1.2.4. Application
- 1.2.5. Regional Scope
- 1.2.6. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Age outlook
- 2.2.3. Technology outlook
- 2.2.4. Application outlook
- 2.3. Regional outlook
- 2.4. Competitive Insights
Chapter 3. Gerontology Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Gerontology Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitutes
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Gerontology Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Gerontology Market: Type Movement Analysis
- 4.3. Gerontology Market by Type Outlook (USD Billion)
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Social Gerontology
- 4.5.1. Social Gerontology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Environmental Gerontology
- 4.6.1. Environmental Gerontology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Biogerontology
- 4.7.1. Biogerontology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Gerontology Market: Age Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Gerontology Market: Age Movement Analysis
- 5.3. Gerontology Market by Age Outlook (USD Billion)
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. 65-75 years
- 5.5.1. 65-75 years Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. 75-85 years
- 5.6.1. 75-85 years Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.7. 85 and above
- 5.7.1. 85 and above Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Gerontology Market: Technology Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Gerontology Market: Technology Movement Analysis
- 6.3. Gerontology Market by Technology Outlook (USD Billion)
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. Wearable Devices
- 6.5.1. Wearable Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Smart Home Devices
- 6.6.1. Smart Home Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Gerontology Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Gerontology Market: Application Movement Analysis
- 7.3. Gerontology Market by Application Outlook (USD Billion)
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5. Fitness and Wellness Services
- 7.5.1. Fitness and Wellness Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Non-Profit Organizations
- 7.6.1. Non-Profit Organizations Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7. Business Communities
- 7.7.1. Business Communities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.8. Hospitality
- 7.8.1. Hospitality Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.9. Travel
- 7.9.1. Travel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.10. Healthcare
- 7.10.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Gerontology Market: Regional Estimates & Trend Analysis
- 8.1. Regional Dashboard
- 8.2. Regional Gerontology Market movement analysis
- 8.3. Gerontology Market: Regional Estimates & Trend Analysis by Type, Application, Age & End Use
- 8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 8.5. North America
- 8.5.1. North America Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. U.S.
- 8.5.2.1. U.S. Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.3. Canada
- 8.5.3.1. Canada Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.4. Mexico
- 8.5.4.1. Mexico Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.5. Europe
- 8.5.6. Europe Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.7. UK
- 8.5.7.1. UK Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.8. Germany
- 8.5.8.1. Germany Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.9. France
- 8.5.9.1. France Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.10. Italy
- 8.5.10.1. Italy Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.11. Spain
- 8.5.11.1. Spain Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.12. Denmark
- 8.5.12.1. Denmark Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.13. Norway
- 8.5.13.1. Norway Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.14. Sweden
- 8.5.14.1. Sweden Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Japan
- 8.6.2.1. Japan Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. China
- 8.6.3.1. China Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.4. India
- 8.6.4.1. India Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.5. South Korea
- 8.6.5.1. South Korea Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.6. Australia
- 8.6.6.1. Australia Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.7. Thailand
- 8.6.7.1. Thailand Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.7. Latin America
- 8.7.1. Latin America Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.7.2. Brazil
- 8.7.2.1. Brazil Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.7.3. Argentina
- 8.7.3.1. Argentina Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.8. Middle East & Africa
- 8.8.1. Middle East & Africa Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.8.2. South Africa
- 8.8.2.1. South Africa Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.8.3. Saudi Arabia
- 8.8.3.1. Saudi Arabia Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.8.4. UAE
- 8.8.4.1. UAE Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.8.5. Kuwait
- 8.8.5.1. Kuwait Gerontology Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Market Participant Categorization
- 9.2. Key Company Profiles
- 9.2.1. Centre of Ageing Better
- 9.2.1.1. Company overview
- 9.2.1.2. Financial performance
- 9.2.1.3. Age benchmarking
- 9.2.1.4. Strategic initiatives
- 9.2.2. Care Centers
- 9.2.2.1. Company overview
- 9.2.2.2. Financial performance
- 9.2.2.3. Age benchmarking
- 9.2.2.4. Strategic initiatives
- 9.2.3. Keele Centre for Social Gerontology
- 9.2.3.1. Company overview
- 9.2.3.2. Financial performance
- 9.2.3.3. Age benchmarking
- 9.2.3.4. Strategic initiatives
- 9.2.4. HelpAge India
- 9.2.4.1. Company overview
- 9.2.4.2. Financial performance
- 9.2.4.3. Age benchmarking
- 9.2.4.4. Strategic initiatives
- 9.2.5. Administration on Aging, Gerontology Research Center
- 9.2.5.1. Company overview
- 9.2.5.2. Financial performance
- 9.2.5.3. Age benchmarking
- 9.2.5.4. Strategic initiatives
- 9.2.6. National Aging Research Institute
- 9.2.6.1. Company overview
- 9.2.6.2. Financial performance
- 9.2.6.3. Age benchmarking
- 9.2.6.4. Strategic initiatives
- 9.2.7. World Health Organization
- 9.2.7.1. Company overview
- 9.2.7.2. Financial performance
- 9.2.7.3. Age benchmarking
- 9.2.7.4. Strategic initiatives
- 9.2.8. Celgene Corporation
- 9.2.8.1. Company overview
- 9.2.8.2. Financial performance
- 9.2.8.3. Age benchmarking
- 9.2.8.4. Strategic initiatives
- 9.2.9. British Geriatrics Society
- 9.2.9.1. Company overview
- 9.2.9.2. Financial performance
- 9.2.9.3. Age benchmarking
- 9.2.9.4. Strategic initiatives
- 9.2.9.5. Strategic initiatives
- 9.2.1. Centre of Ageing Better
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Market research approaches
- Fig. 4 Value chain-based sizing & forecasting
- Fig. 5 Market formulation & validation
- Fig. 6 Gerontology market segmentation
- Fig. 7 Market driver analysis (current & future impact)
- Fig. 8 Market restraint analysis (current & future impact)
- Fig. 9 SWOT analysis, by factor (political & legal, economic and technological)
- Fig. 10 Porter's five forces analysis
- Fig. 11 Gerontology market, type outlook key takeaways (USD Billion)
- Fig. 12 Gerontology market: type movement analysis 2023 & 2030 (USD Billion)
- Fig. 13 Social gerontology market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 14 Environmental gerontology market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 15 Biogerontology market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 16 Gerontology market, age outlook key takeaways (USD Billion)
- Fig. 17 Gerontology market: age movement analysis 2023 & 2030 (USD Billion)
- Fig. 18 65-75 years market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 75-85 years market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 85 and above market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Gerontology market, technology outlook key takeaways (USD Billion)
- Fig. 22 Gerontology market: technology movement analysis 2023 & 2030 (USD Billion)
- Fig. 23 Wearable devices market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Smart home devices market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Others market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Gerontology market, application outlook key takeaways (USD Billion)
- Fig. 27 Gerontology market: application movement analysis 2023 & 2030 (USD Billion)
- Fig. 28 Fitness and wellness services market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Non-profit organizations market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Business communities market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Hospitality market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 Travel market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Gerontology market: regional key takeaways (USD Billion)
- Fig. 35 Gerontology market: regional outlook, 2023 & 2030 (USD Billion)
- Fig. 36 North America gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 U.S gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 38 Canada gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 Mexico gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Europe gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 UK gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 Germany gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 France gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Spain gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 Italy gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Norway gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 Denmark gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 Sweden gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 Asia Pacific gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 China gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 Japan gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 India gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 South Korea gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Australia gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 Thailand gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 Latin America gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 Brazil gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 58 Argentina gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 59 Middle East and Africa gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 60 South Africa gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 61 Saudi Arabia gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 62 UAE gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 63 Kuwait gerontology market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 64 List of key emerging company's/technology disruptors/innovators
