The size of the medical education market will increase by 143.30 billion USD | Market Research Insights Highlights Increase in Growth in Number of Online Medical Education Programs as Key Driver

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NEW YORK, November 15, 2021 / PRNewswire / – According to the research report “Medical Education – Forecast and Analysis Report 2021-2025“The market will experience an annual growth of 15% in 2021 at a CAGR of 17% during the forecast period. The report is segmented by courses (graduate courses, certifications and training, and postgraduate courses) , learning method (mixes learning and e-learning) and geography (North America, Europe, APAC, South America, and MEA).

Technavio announced its latest market research report titled Medical Education Market by Learning Method, Course and Geography – Forecast and Analysis 2021-2025

North America is the largest market for medical education. Factors such as increasing enrollment for distance medical education and growing popularity of medical education courses due to their advantages provide various growth opportunities for medical education market players in the region. In addition, countries like the United States and Canada have encouraged many medical education institutions in the region to promote online distance education degrees, thus boosting the market growth.

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Supplier Information

Global medical education is fragmented and vendors deploy various organic and inorganic growth strategies to compete in the market.

The increasing competition in the market forces the providers to adopt various growth strategies such as promotional activities and advertising spend to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as mergers and acquisitions to stay competitive in the market.

The report analyzes the competitive landscape of the market and offers information about several vendors of the market, including:

Discover additional highlights on the growth strategies adopted by suppliers and their product offerings, Read a free sample report.

Geographic market analysis

North America will provide maximum growth opportunities in medical education during the forecast period. According to our research report, the region will contribute 34% of the growth of the global market and is expected to dominate the market until 2025. North America will generate growth in all years of the forecast period between 2020 and 2025. the annual growth during this period will vary between 14.78% and 18.99%.

The United States and Canada are the two main markets for medical education in North America. Distance learning in the United States and Canada for medical education is increasingly attracting the attention of students because of its advantages such as easy accessibility, flexibility in terms of time and location, and affordability. In addition, distance medical education courses are often cheaper than traditional education courses, opening up learning opportunities for people who cannot afford a regular degree.

On the other hand, APAC will become the fastest growing region in the medical education market. The ICCA medical education market will experience growth due to the increasing number of medical schools in the region. The growing population in countries like China and India leads to a serious imbalance in the doctor-patient ratio, which demands a greater number of health specialists in the region. In addition, the governments of developing countries are taking initiatives to increase the number of medical schools in order to train enough doctors.

Besides, countries such as USA, UK, Germany, Canada, and Australia are expected to become prominent markets for medical education during the forecast period.

Analysis of key segments

Growth in medical education market share by graduate course segment will be significant during the forecast period. Graduate degrees in medical education are the basic qualification required by any candidate to enter the field of medical services. This segment is expected to hold the largest share of the global medical education market during the forecast period owing to the high number of students enrolled in postgraduate courses compared to other segments.

Learn more about the geographic spread of this market along with the detailed analysis of major regions. https://www.technavio.com/report/medical-education-market-industry-analysis

Main market drivers and challenges:

The medical education market is primarily driven by the number of online medical education programs. Healthcare professionals are increasingly replacing traditional physical classrooms and using online training modules. Compared to traditional medical education, online medical courses are found to be beneficial as they facilitate specific medical stream courses and provide access to various course materials and online assessments for instructors and learners. Hence, online medical education programs are becoming very popular in the global medical education market and are expected to drive the market growth during the forecast period.

The presence of free and open source educational resources poses a huge threat to the growth of the global medical education market. There are several vendors in the market that offer free open source medicine courses. Hence, students who cannot afford a paid education opt for these free services offered by various open source providers.

See a free sample for highlights on the market drivers and challenges affecting the medical education market.

Medical Education Market Value Chain Analysis

Our report provides detailed insights into value chain analysis for Medical Education market, which vendors can exploit to gain competitive advantage during the forecast period. End-to-end understanding of value chains is essential in optimizing profit margin and evaluating business strategies. The data available in our value chain analysis segment can help vendors increase costs and improve customer services during the forecast period.

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Associated reports:

Edtech Market by Sector and Geography – Forecast and Analysis 2021-2025

Learning Management Systems Market By End User, Deployment, and Geography – Forecast and Analysis 2021-2025

Scope of the medical education market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of around 17%

Market growth 2021-2025

$ 143.30 billion

Market structure

Fragmented

Annual growth (%)

15.00

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 34%

Main consumer countries

United States, United Kingdom, Germany, Australia and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Harvard University, Johns Hopkins University, New York University, Stanford University, University of California, University of Cambridge, University of New England, University of Oxford, University of Washington, and Yale University

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

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