Gerontology/Aging Market Analysis and Opportunity Assessment up to 2023

Gerontology is an integrative study of aging which comprises the biological, psychological, sociological, and economical aspects of aging. It involves the study of aging from the individual as well as from the societal perspective. Gerontology study works in a variety of settings such as health facilities, mental health services, social service agencies, marketing and communications, retirement planning, recreation and leisure, housing agencies, government agencies, community agencies, advocacy groups, or research and educational institutions.
Global gerontology/aging market  is anticipated to witness a boost over the forecast period due to factors such as increasing geriatric population all over the world and rising disorders and diseases related to aging. The rate of gerontology care services and institution is increasing globally aiming to train professionals to deal with various aspects of geriatric population. These professionals work in different industries including health care, government, business community and non-profit organizations. Additionally, the continuous up gradation of in therapeutic favoring the increased life span and health care services are improving the life expectancy of aged people. These factors collectively will drive the gerontology/aging market in the forecast period.

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Gerontology/aging market can be segmented on the basis of its application into social, environmental and biogerontology. The scope of these applications can be functional in health care, business communities, non-profit organizations, hospitality, wellness and fitness centers for the geriatric people. Social gerontology deals with carrying out social research surveys dealing with the civic attitude towards the elderly and developing solutions and technologies that would make life safer and easier for this population. This segment also focuses in maintaining healthy environment between geriatric population and their families and providing home health care services and practicing geriatric social work.

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