Market Analysis, J Aging Geriatr Med Vol: 3 Issue: 2

2020 Market Analysis

Gamil S. G. Zeedan

Professor, National Research Centre, Cairo University, Egypt, E-mail: gamilzee@yahoo.com

Keywords: Aging Science

Introduction:

Worldwide maturing market is anticipated to observe sound development over the conjecture sum inferable from imperative elements like expanding geriatric populace and never-endingly up geriatric consideration the executives administrations foundation. Likewise, developing interest for maturing studies and prescription alumni programs and great government activities are the most significant components contributive to the occasion of maturing market. What's more, handiness of grouped consideration homes, grown-up day care focuses, power-helped living and nursing homes is one in everything about crucial achievement factors for the development of the market over the conjecture sum.

Why to Organize this Conference:

The motivation behind the meeting was to advance solid maturing for example to create and keep up practical capacity so old individuals can keep up a decent personal satisfaction. The UK fuses a slash hack maturing populace with raised human services wants. Though the populace will, on the full, foresee to longer long periods of fantastic wellbeing, a large number of us will be living with one or a great deal of interminable conditions. In any case, modifiable modus vivendi, similar to a solid eating routine and physical action, will support sound maturing and improve the standard of lifetime of more seasoned people. Medical caretakers are obviously set to create suggestion on sustenance and physical movement to more seasoned people in an undertaking to downsize the weight of age-related sickness.

Scope and Importance:

Worldwide Geriatric Care Services Market is foreseen to prevail in USD 1,012.02 billion by 2022. Ceaselessly expanding geriatric populace vulnerable to interminable ailments is foreseen to drive showcase development over the estimate sum. Nearness of great remuneration strategies inside the U.S. that region unit fundamentally determined by Medicaid, and medicinal services is furthermore expected to completely fortify market development. In 2012, per data uncovered by the Center of Disease Control (CDC) it's been measurable that practically 95% nursing homes, 77% grown-up day care administration focuses, 78% home wellbeing organizations and 52% private consideration networks were guaranteed to take an interest in Medicaid. Furthermore, almost 99% home wellbeing organizations, 100% hospice, and 96.5% nursing homes were medicinal services guaranteed.

Bar Graph:

Like clockwork, the Bureau of Labor Statistics makes a projection of what the country's workforce will resemble 10 years into what's to come. Its most recent projection, discharged a month ago, anticipates an America wherein more individuals work longer into their more established years. By 2022, the organization extends that 31.9% of those ages 65 to 74 will in any case be working. That contrasts and 20.4% of a similar age section in the workforce in 2002 and 26.8% who were in the workforce in 2012. The office's information finds the separating line is age 55: work power investment is relied upon to succumb to those under that age who are viewed as the prime workforce gathering, and to ascend for those over that age.There is less of an expansion anticipated for 55-to-multi year olds. In 2002, 61.9% of Americans right now were in the workforce, a number that expanded to 64.5% in 2012. The 2022 projection is that 67.5% will stay in the workforce. The figures are steady with a 2009 Pew Research Center examination that found the American workforce was turning gray — not on the grounds that the populace all in all was becoming more seasoned, but since more established grown-ups were remaining in the work power longer and more youthful grown-ups were avoiding it longer.

List of Universities Associated with Aging and Health in Worldwide:

• Miami University-Oxford, United States

• Ithaca College, USA

• University of Toronto, Canada

• Curtin University of Technology, Australia

• University of Nebraska at Omaha, United States

• University of Freiburg, Germany

• Case Western Reserve University, United States

• University of Edinburgh, UK

• University of Rostock, Germany

• University of Manitoba, Canada

List of Universities Associated with Aging and Health in Asia:

• National University of Singapore, Singapore

• Tsinghua University, China

• University of Hong Kong, Hong Kong

• The University of Tokyo, Japan

• Seoul National University, South Korea

• Hong Kong Polytechnic University, Hong Kong

• Shanghai Jiao Tong University, China

• King Abdulaziz University, Saudi Arabia

• Tel Aviv University, Israel

• Qatar University, Qatar

List of Universities Associated with Aging and Health in Singapore:

• Singapore Management University

• Nanyang Technological University

• Singapore University of Social Sciences

• Duke-NUS Medical School

• Singapore Institute of Technology

• Temasek Polytechnic

• Singapore Polytechnic

• Nanyang Polytechnic

• Singapore University of Social Sciences

• LASALLE College of the Arts

• Singapore University of Technology and Design

List of Organizations Associated with Aging and Health in Worldwide:

• AARP, United States

• American Federation for Aging Research, USA

• Alberta Association on Gerontology, Canada

• Federal interagency Forum on Aging-Related Statistics, USA

• Alzheimer‘s Disease International, UK

• Aging Research Center, Sweden

• American Society on Aging, USA

• Alzheimer‘s Society, UK

• British Columbia Psychogeriatric Association, Canada

• Australian Association of Gerontology, Australia

• National Association of Area Agencies on Aging, USA

List of Research Centers Associated with Aging and Health in Worldwide:

• Ageing Research Centre, Australia

• Aging Research Center, Sweden

• Alzheimer‘s and Aging Research Center, USA

• Alzheimer‘s Disease Research Center, USA

• ARC Centre of Excellence in Population Ageing Research, Australia

• Arizona Center of Aging, USA

• Aston Research Centre for Healthy Ageing, UK

• Australian Institute for Population Ageing Research, Australia

• Barshop Institute for Longevity and Aging Studies, USA

• Baycrest Research Centre for Aging and the Brain, Canada

List of Research Centers Associated with Aging and Health in Asia:

• Global Asia Institute, Singapore

• Forest Research Institute Malaysia Kuala Lumpur, Malaysia

• National University of Singapore, Singapore

• International Center for Chemical and Biological Sciences (ICCBS) Karachi, Pakistan

• Hector Kobbekaduwa Agrarian Research and Training Institute Colombo, Sri Lanka

• National Science Foundation Colombo, Sri Lanka

• Food and Nutrition Research Institute Taguig, Philippines

• Thailand Development Research Institute Foundation Wang Thonglang, Thailand

• ISEAS-Yusof Ishak Institute, Singapore

List of Research Centers Associated with Aging and Health in Singapore:

• National University of Singapore

• Duke-NUS Medical School

• Keio-NUS CUTE Center

• Middle East Institute (NUS)

• ISEAS-Yusof Ishak Institute

• IPS Social Lab

• Global Asia Institute

• Centre for Quantum Technologies

• Singapore Centre for Environmental Life Sciences Engineering

• IMCB

List of Hospitals Associated with Aging and Health in Worldwide:

• Mount Sinai Hospital, USA

• Beaumont Hospital-Royal Oak, United States

• UC San Diego Health-Jacobs Medical Center, United States

• UCSF Medical Center, United States

• Massachusetts General Hospital, United States

• Barnes-Jewish Hospital, United States

• Keck Medical Center of USC, United States

• Northwestern Memorial Hospital, USA

• Johns Hopkins Hospital, United States

• NYU Langone Hospitals, USA

List of Hospitals Associated with Aging and Health in Asia:

• Help Age India Office, India

• Hong Kong Sanatorium & Hospital Happy Valley, Hong Kong

• Tung Wah Group of Hospitals Fung Yiu King Hospital Sandy Bay, Hong Kong

• Bumrungrad International Hospital Watthana, Thailand

• Samitivej Sukhumvit Hospital Watthana, Thailand

• BNH Hospital Bang Rak, Thailand

• San Lazaro Hospital Manila, Philippines

• Beacon Hospital, Malaysia

• Kuching Specialist Hospital, Malaysia

• Lung Center of the Philippines Quezon City, Philippines

List of Hospitals Associated with Aging and Health in Singapore:

• Mount Elizabeth Hospital

• Alexandra Hospital

• National University Hospital

• Khoo Teck Puat Hospital

• Institute of Mental Health

• KK Women's and Children's Hospital

• Mount Alvernia Hospital

• Changi General Hospital

• Gleneagles Hospital

• Bright Vision Hospital

Funding In Next 5 Years:

The global anti-aging market has reached a worth of US$ 50.2 Billion in 2018. The market is additional projected to succeed in a worth of US$ 79.5 Billion by 2024, growing at a CAGR of 7.98% throughout 2019-2024. The world anti-aging market has reached a worth of US$ 50.2 Billion in 2018. The market is additional projected to succeed in a worth of US$ 79.5 Billion by 2024, growing at a CAGR of 7.98% throughout 2019-2024. This report provides a deep insight into the world anti-aging market covering all its essential aspects. This ranges from macro summary of the market to micro details of the business performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, etc.

References:

https://www.pewresearch.org/fact-tank/2014/01/07/number-of-older-americans-in-the-workforce-is-on-the-rise/

https://aging.ny.gov/ReportsAndData/CaregiverReports/InformalCaregivers/CGSurveyResults.cfm

Conclusion:

Recent innovations and constant development in this field have further fueled market growth. In addition, the increase in the economic strength of the developing nations and the rise in healthcare expenditure are expected to create new opportunities for market expansion. Rapid growth was observed in the adoption of minimally invasive surgical procedures among the developing economies and this is expected to offset the challenging conditions in mature markets

• Global Meet on Aging, Disease and Care

  September 21-22, 2020

  Barcelona, Spain