DUBLIN--(BUSINESS WIRE)--The "Global Medical Education Market Size, Share, Growth Analysis, By Provider, By Delivery Mode, By Application, By End-user, By Training - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global medical education market size was valued at around USD 43.45 billion in 2021 and is expected to reach a value of USD 65.92 billion by 2028, at a CAGR of 6.6% over the forecast period (2022-2028).
The expansion of multiple medical educational programmes offered online is credited with this market's expansion. Medical education makes substantial use of the method of continuing, iterative development. These attempts, however, typically have focused on enhancing specific curricula and courses or on restructuring inside of now in place time-based frameworks.
Medical professionals are using online training modules more frequently than they are traditional physical classrooms. Online medical courses are better than traditional medical education since they facilitate study for specific medical streams and provide online assessments. The primary elements of online learning are recorded movies, reading materials, learning, and assessment systems. Every one of these materials is accessible online.
Online medical education programmes are thus becoming increasingly popular and are expected to fuel the market's rise. The market for worldwide medical education is undergoing a significant increase in organic growth as a result of the introduction of several new medical courses and platforms. Medical institutes are offering new medical courses and platforms in both traditional and online patterns to increase student interest and enrolment in the medical profession.
Segments covered in this report
Medical education market is segmented on the basis of provider, delivery mode, application, end-user, training, and region. By provider, the market is segmented into universities, academic center, continuing medical education. By delivery mode, the market is segmented into classroom-based and e-leaning.
By material, the market is segmented into application cardiology, neurology, radiology, internal medicines, pediatrics, and others. By end-user, the market is segmented into students, physicians, non-physicians. By training, the market is segmented into cardiothoracic training, neurology training, orthopedic training, oral and maxillofacial, pediatric training, radiology training, laboratory, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers
The globalisation of education and the expanding global healthcare market are having an unprecedented impact on medical education globally, which is driving up market growth.
A variety of developments have emerged in the field of medical education, including an increase in medical schools and students, student migration, a rise in medical school privatisation, and new models for international collaboration between medical schools. Positive effects of globalisation on physician development are projected to hasten the expansion of medical education over the forecast period.
The majority of first-year medical programmes require students to employ a blended learning strategy that blends in-person lab, classroom, and lecture sessions with online learning and simulated activities as well as clinical internships or apprenticeships connected to professional growth. It is also projected that this will increase the demand for upgrading the professional development curriculum in medical education.
Healthcare professionals are inventing innovative methods to deliver high-quality education to students in light of the growing popularity of online learning, which is fueling the expansion of the global market for medical education. A few examples of technological innovation in medical education include wearable technology, computer games, simulation software, and mobile devices. In the upcoming years, it is projected that these innovations would alter medical education in the healthcare field.
Restraints
The "technological convergence" that characterises this trend is where a wide and continually expanding range of digital technologies - such as artificial intelligence (AI), robotics, big data, and social networking - are increasingly collaborating to develop useful new applications. A technology-based Internet society for medical education poses at least four existential issues, which are seen to have an impact on the market's expansion.
Clinical practitioners' ongoing professional development . Despite the fact that it is clear that continuing professional development is essential for maintaining healthcare systems globally, many medical professionals who work in developing nations still struggle to access continuing medical education, a key element of continuing professional development.
Among these challenges are a lack of learning materials, a lack of company support and incentives, a lack of financial resources, and sluggish or inconsistent internet connectivity.
Market Trends
With the development of technology, there are an increasing number of platforms for online and remote learning that provide access to medical education. This makes education more flexible and available and enables it to reach a larger audience. The augmenting and upskilling of human experts is usually a current trend in the application of AI in the medical sector.
For instance, utilising augmented reality, computer vision - cameras that can recognise what they are watching and transmit the information - is added to the surgeons' toolkit.
Companies Mentioned
- Medtronic
- Enago Life Sciences
- IQVIA Inc
- Ebix Inc.
- Osso VR, Inc.
- Haymarket Media, Inc.
- Continuing Education Company
- REMI MEDICAL EDUCATION, LLC.
- Kenes Group
For more information about this report visit https://www.researchandmarkets.com/r/9hs4lo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
