Expert Market Research’s new report titled ‘Global Medical Education Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global market medical education market, assessing the market based on its segments such as Delivery Mode, Training, End Use, and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): 37 billion USD
- Forecast CAGR (2022-2027): 5.3%
The growth of the global medical education market has been driven by increasing technological advancements, increasing demand for advanced and online education. The global market was dominated by North America during the historic period from 2017 to 2021 owing to the increased adoption of advanced and improved technologies in the medical education sector. Rising enrollment in the medical education sector has also contributed significantly to the growth of the regional industry over the historical period. On the other hand, Asia-Pacific is likely to be among the fastest growing regions in the medical education industry. The expected growth can be attributed to the rise of advanced technologies used by the industry and the increasing urbanization of the region.
Industry definition and major segments
Medical education refers to the curriculum that aims to train people who want to become doctors. The course imparts the knowledge and skills necessary for the prevention and treatment of disease. It also establishes strategies and objectives for the search for elements that cause disease or promote well-being.
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The industry can be categorized according to its mode of delivery into:
- Classroom lessons
- In line
The industry can be divided according to formation into:
The industry can be broadly categorized on the basis of its end use into:
- Medicine School
- Government/military organizations
- Insurance and Company
- Non-profit organisation
- Publishing or education company
The EMR report examines regional medical education markets such as:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
The increased demand for e-learning stems from the growing need to create a system that not only enhances the knowledge of medical professionals, but also enables them to keep abreast of contemporary developments in the medical sector. Digitalization has helped open up a host of new opportunities for the global medical education industry. Universities are introducing innovative teaching methods such as hands-on approaches, evidence-based medicine (EBM), problem-based learning (PBL), and hands-on engagement and training with patients to improve their medical knowledge, rather than traditional subject-based programs. . Internet-based medical education is expected to increase as it provides unique access to new study methods such as personalization of pace and interactive learning through videos and audios, all of which are cost-effective. In addition, Continuing Medical Education (CME) promotes lifelong learning by helping healthcare professionals address gaps in their professional practice, which is likely to aid in the growth of the market throughout of the forecast period.
Main market players
Major market players include Harvard Medical School, University of Oxford, University of Cambridge, Stanford Medicine, Gundersen Health System, Koninklijke Philips NV, Siemens Healthcare Private Limited, Zimmer Pvt. Ltd., and Olympus America, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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