The milestone of the world’s population reaching 8 billion has been a topic of significant discussion and analysis. According to the US Census Bureau, this landmark was achieved on September 26, a date that should be regarded with some skepticism due to the varying methods of population counting across countries. The United Nations, however, marked this event nearly a year earlier, on November 22, 2022, as reported by the Census Bureau. This discrepancy arises from the different approaches countries take in counting their populations, with many lacking a comprehensive birth and death registration system. Notably, populous countries like India and Nigeria have not conducted a census in over a decade.
Since the year 2000, the global population has surged from 6 billion to 8 billion. However, this growth rate is slower compared to the period from 1960 to 2000, when the population doubled. A significant factor contributing to this recent growth is the increase in life expectancy, which has led to an aging population. The global median age, currently at 32, is projected to rise to 39 by 2060.
Further insights into this demographic shift can be gleaned from a report by Kings Research, which projects the Population Health Management Market to reach USD 140.99 billion by 2030, growing at a CAGR of 18.11% from 2023 to 2030. This growth is attributed to the rising prevalence of chronic diseases, a direct consequence of an aging global population.
Moreover, the medical adhesives market, integral to healthcare, is also expected to reach a significant milestone of $16.35 billion by 2030. This growth is driven by a surge in cardiovascular procedures, as reported by bdtonline.com. The increasing demand for medical adhesives is a reflection of the evolving healthcare needs of the world’s growing and aging population.
In the context of the US, the rising obesity rates have prompted pharmaceutical companies to focus on developing treatments for weight loss. This trend is highlighted in a report by heraldcourier.com, which underscores the growing market for obesity treatments in response to the health challenges posed by an increasing population.
The global demographic landscape is undergoing a significant transformation, marked by an aging population, evolving healthcare needs, and challenges such as obesity. These trends underscore the importance of adapting healthcare and economic strategies to meet the changing needs of the world’s population.
