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Jan 14, 2022, 23:30 ET
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NEW YORK, Jan. 14, 2022 /PRNewswire/ — The medical education market is expected to grow by USD 143.30 bn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 17% during this period. The year-over-year growth rate of the market in 2021 is 15.00%.
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Medical Education Market: Drivers
The growth in the number of online medical education programs is driving the growth of the medical education market. Traditional physical classrooms are being replaced with online training modules, which provide access to various course materials and online assessments for both instructors as well as learners. These tools enable educators to have easy access to real-time data on students’ progress based on test scores and student activities. Moreover, students enrolled in online courses can communicate via discussion forums and chat rooms. Therefore, online medical education programs are becoming highly popular in the medical education market, which is expected to drive the growth of the market during the forecast period.
Medical Education Market: Challenges
The presence of free and open-source education resources poses a significant threat to the growth of the medical education market. Vendors in the market offer several open-source medical courses that are free of cost. Therefore, students from the economically weaker sections can opt for such free services. The trend of offering free medical education is more prevalent in North America and Europe when compared to other regions. The fees for medical education in these regions when compared to APAC. These factors are likely to negatively impact the growth of the market in focus in terms of revenue generation during the forecast period.
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Medical Education Market: Some Key Vendors and Their Offerings
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Medical Education Market: Segmentation Analysis
This market research report segments the medical education market 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).
North America led the medical education market in 2021, followed by Europe, APAC, South America, and MEA, respectively. During the forecast period, North America is expected to register growth due to factors such as increasing enrollments in distance-learning medical degrees in countries such as the US and Canada.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
Related Reports:
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 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
All India Institute of Medical Sciences, Grand Canyon University, Harvard Medical School, Johns Hopkins University, Kaiser Permanente School of Medicine, Mayo Foundation for Medical Education and Research, National University of Singapore, New York University, Stanford University, Texas Tech University Health Sciences Center, The Tamil Nadu Dr.M.G.R. Medical University, The University of Alabama, Universidade Anhembi Morumbi, University of California, University of Cambridge, University of Eastern Finland, University of Liverpool, University of New England, University of Oxford, University of Washington, Western Governors University, 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 Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
Contacts
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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