Medical Education Market size to grow by USD 143.30 billion | Market Research Insights highlight rise in Growth in the number of Online Medical Education Programs as Key Driver

NEW YORK, Nov. 15, 2021 /PRNewswire/ — According to the research report “Medical Education – Forecast and Analysis Report 2021-2025“, the market will witness a YOY 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 post-graduate courses), learning method (blended learning and online learning), and geography (North America, Europe, APAC, South America, and MEA).

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

North America is the largest market for medical education. Factors such as increasing enrollments in distance-learning medical degrees and rising popularity of medical education courses due to their advantages are offering various growth opportunities to the medical education market players in the region. In addition, countries such as the US and Canada have encouraged many medical education institutions in the region to promote online distance-learning degrees, further driving the market growth.

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Vendor Insights

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

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

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Geographical 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 global market growth and is expected to dominate the market through 2025. North America will generate growth across all the years of the forecast period between 2020 and 2025. The year-on-year growth during this period will vary between 14.78% and 18.99%.

The US and Canada are the two major markets for medical education in North America. Distance learning in the US and Canada for medical education is gaining increased 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 less expensive than traditional education courses, thus opening learning opportunities to people who cannot afford a regular degree.

On the other hand, APAC will emerge as the fastest-growing region of the medical education market. The medical education market in APAC will witness growth due to the increasing number of medical colleges in the region. The growing population in countries such as China and India is leading to a severe imbalance in the doctor-patient ratio, which demands a greater number of healthcare specialists in the region. In addition, Governments in developing countries are undertaking initiatives to increase the number of medical colleges to produce enough doctors.

Furthermore, countries such as the US, UK, Germany, Canada, and Australia are expected to emerge as prominent markets for medical education during the forecast period.

Key Segment Analysis

The medical education market share growth by the graduate courses 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 in the global medical education market during the forecast period owing to the high student enrollment for graduate courses compared with other segments.

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/medical-education-market-industry-analysis

Key Market Drivers & Challenges:

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

The presence of free and open-source education resources poses a huge threat to the growth of the global medical education market. Several vendors in the market offer open-source medical courses that are free of cost. Therefore, students who cannot afford a paid education opt for such free services offered by various open-source vendors.

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Medical Education Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical education market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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Medical Education Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of about 17%

Market growth 2021-2025

USD 143.30 billion

Market structure

Fragmented

YoY growth (%)

15.00

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, UK, Germany, Australia, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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