Demand for Medical Education Market to Expand at a CAGR of 4.2% Through 2027

The medical education market is poised to expand at a CAGR of 4.2% during the forecast period (2020-2027). Rising investments in healthcare infrastructure has led to the dissemination of quality medical education around the world. The ongoing novel coronavirus pandemic is also anticipated to significantly influence the market prospects of medical education, attributed to increased usage of online educational fora.

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Medical experts, professors, and researchers are relying on the internet to conduct online lectures, upload e-books and audio files, and develop digital games and simulations to help students acquire a practical dimension on healthcare. The pandemic has also motivated key healthcare practitioners to conduct in-depth research on developing drugs and vaccines aimed at eradicating the virus.

Severe shortages in healthcare across developing and underdeveloped regions have generated credible opportunities for health education providers. Many healthcare institutions have been established to facilitate research and development in these areas in order to create a more robust infrastructure. Furthermore, introduction of niche courses aimed at improving competence of doctors, surgeons, and nurses have also accelerated the scope of medical education in recent years.

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Key Takeaways of the Medical Education Market Study

• Cardiothoracic training remains highly preferred over other types of training, capturing a nearly one-fifth share of the total market value. High prevalence of lifestyle diseases such as obesity and hypertension has augmented the need for cardiac surgeries, thus stimulating the need for cardiothoracic training.
• By delivery method, courses continue to account for a majority share of the global market revenue. This is attributable to increasing number of medical courses with sub-specialties.
• Online and distance modes of training are anticipated to expand the fastest, attributed to mandatory social distancing measures implemented by governments to contain the spread of the coronavirus in 2020.
• By type of organization, school of medicine is expected to retain its dominance, capturing nearly 40% share of the medical education market. Rising investments in the establishments of medical schools is anticipated to drive the segment’s growth.
• North America’s medical education market leads the first wave of growth, owing to rising number of enrolments in medical schools and adoption of updated educational frameworks.
• Market growth prospects remain high in Asia Pacific, attributed to increased adoption of advanced technologies in research and teaching. Asia Pacific’s market value is expected to expand 1.4x during the forecast period.

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Medical Education Market: Segmentation

Fact.MR has studied the medical education market with detailed segmentation on the basis of delivery method, mode of training, types of training, type of organization and region.

Delivery Method
• Internet Enduring Materials
• Courses
• Regularly Scheduled Series and Other Enduring Materials

Mode of Training
• On-campus
• Distance
• Online

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Tailor-made Courses for Practitioners to Broaden Key Players’ Growth Prospects

The medical education market is highly fragmented, characterized by the presence of a large number of educational providers. Prominent players in the market include, but are not limited to: GE Healthcare, Apollo Hospitals, Olympus Corporation, Stanford University, Johns Hopkins University, Zimmer Biomet Holdings, Inc. and Harvard Medical School. With the presence of such a vast number of players, the medical education market is highly competitive in nature.

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This release was published on openPR.