Medical Education Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Medical Education Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : November, 2021 | Healthcare IT

Report Digest


Global Medical Education Market: Overview

Medical education is all about the process of giving lessons and training to the doctors as well as to their subordinates to become a trained physicians or medical practitioner. Medical training and education varies substantially all over the world. The purpose of medical education is to prepare physicians for serving the very rudimentary tasks and purposes of medicine. The medical practitioners are anticipated to develop a very keen and sincere sense of service and commitment toward their patients. They need to have qualities that could be utilized to meet up with the demand of a society or an individual pertaining to their profession. With the expanding population, the demand for such professionals is bound to rise. This factor is anticipated to bolster growth of the global medical education market in the years to come.

Rapid developments and progress achieved in the infrastructure of the healthcare sector have garnered augmented investments for medical education. In addition to that, more medical schools and institutes supporting medical education have been developed across the globe. These factors are likely to encourage growth of the global medical education market during the assessment years, from 2019 to 2029.

Training, end use, delivery mode, and region are the four key parameters based on which the global medical education market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

Global Medical Education Market: Notable Developments

The global medical education market has come across some prominent developments in the recent years. One such development that has played an important role in influencing the course of the market is mentioned below:

  • In 2016, Apollo Hospitals entered into collaboration with the Sydney-based University of New South Wales to bring forth degree programs in public health in India.  With this collaboration, Apollo Hospitals increased the capacity and capabilities of the Indian medical workforce. This program also helped in addressing some of the important health challenges faced by the industry in India.

Some of the key players in the global medical education market comprise the below-mentioned:

  • Siemens Healthcare Private Limited
  • Harvard Medical School
  • Koninklijke Philips N.V.
  • University of Cambridge
  • Zimmer Pvt. Ltd.
  • University of Oxford

Global Medical Education Market: Key Trends

The following drivers, restraints, and opportunities characterize global medical education market over the assessment period, from 2019 to 2029.

Outbreak of Covid-19 is Likely to Boost Adoption Online Medical Education Programs

The development of the global medical education market is estimated to be influenced by the various factors. Launch of brand new collaborative models in the field of medical education and growing prominence and preference for continuing medical education (CME) and online education programs is likely to augur well for the market. As more students are opting for online teaching, the global medical education market is likely to gather momentum from the increased number of students from the medical field. Online teaching programs have gained huge attention and have gathered immense momentum due to the prevalence of Covid-19, a SARS-CoV-2 induced respiratory disease, across the globe. These factors are likely to support expansion of the global medical education market over the assessment years.

Global Medical Education Market: Geographical Analysis

Considering regional markets, North America is likely to come up as one of the leading regions in the global medical education market during the assessment period. The region is expexted to retain its attractiveness and dominant position due to the presence of several A-listed medical schools, such as Harvard Medical School, Johns Hopkins University, Mayo Clinic School of Medicine, Perelman School of Medicine (UPENN), Stanford University, and so on. In addition, high disposable income of the people coupled with top-notch healthcare infrastructure is expected to boost growth of the medical education market in North America.

The global medical education market is segmented as:

Delivery Mode

  • Classroom-Based Course
  • Distance
  • Online

Training

  • Cardiothoracic, Neurology
  • Orthopaedic
  • Oral and Maxillofacial
  • Pediatric
  • Radiology
  • Laboratory

End Use

  • School of Medicine
  • Government/Military Organizations
  • Hospital
  • Insurance & Company
  • Non-Profit Organization
  • Publishing or Education Company

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

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COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?