Pune, Nov. 30, 2022 (GLOBE NEWSWIRE) — The global Healthcare Education market reach USD 110.54 Billion in 2022 and is expected to exhibit a CAGR of 10.56% over the forecast period 2023 to 2032, according to a recent global market study by Quince Market Insights. According to the World Health Organization, “a set of intentionally designed learning opportunities involving some form of communication aimed at improving health literacy, including improving knowledge and developing life skills that are conducive to individual and community health” constitutes health education. Investments in medical education have been encouraged by the quick developments in healthcare infrastructure. In addition, particularly in developing nations, the number of medical schools has been rising.
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Research conducted by FAIMER International Medical Education Directory (IMED) found that between 2009 and 2013, the number of medical schools increased by more than one-third. Universities and institutions are now required to offer high-quality education as a result of the growth in new and unconventional medical schools as well as student migration.
Major companies operating in the global healthcare education market. which includes SAP (Germany), Adobe (US), Infor (US), Oracle (US), HealthStream (US), HealthcareSource (US), Elsevier (Netherlands), Articulate (US), PeopleFluent (US), ADP (US), GE Healthcare (US), Trivantis Corporation (US), Cerner (US), Koninklijke Phillips (Netherlands), Siemens Healthineers (Germany), Coursera (US), and IBM (US).
The market is driven by the adoption of the digital learning with Solutions for continuing medical education (CME) which is widely recognized by medical practitioners and non-medical professionals who desire to stay current with the rapidly evolving technology. Many CME programs are being used to earn points since, in nations like Canada, a physician’s study course must include at least 400 points.
The various initiatives taken by the government to drive the healthcare education market. such as eLearning courses for healthcare professionals. The Healthy People eLearning website is run by the US government and serves as an online learning tool for students and healthcare professionals who want to achieve the nation’s health objectives. In India for promoting health awareness and promotion the Ministry of Health and Family Welfare launched the school health program under Ayushman Bharat Yojna.
Healthcare Education Market, by Provider
The provider segmented is divided into Universities and Academic Centers, Continuing Medical Education.
The Universities and Academic Centers account for the highest share in the market. on the account of health promotion, disease prevention, and addressing health disparities and the social factors of health. The universities have their own training program for the students which applies concepts from the behavioral and social sciences to encourage voluntary changes in social and behavioral health behaviors.
Healthcare Education Market, by Delivery Mode
The Delivery Mode is divided into Classroom-based, E-Learning.
The E-Learning segment is expected to be the highest segment in the market. The growth of segment because of Cost effective, Time efficient, easily adaptable, it supports individual learning styles and needs and is effective at producing good outcomes. The E-Learning platform provides free courses to students or sometimes paid certification courses.
Healthcare Education Market, by Application
The application market is divided into Cardiology, Internal Medicine.
The Cardiology segment is expected for the highest growth in the market. because of rising cases with the cardiovascular disease. According to the World Health Organization, each year 17.9 million people die because of cardiovascular diseases. as well as the initiatives taken by the key players to promote the healthcare education. Also, the increasing quantity of government grants available to assist young cardiology professionals in gaining access to quality training.
Healthcare Education Market, based on Regional Analysis
The region segment includes major regions such as Asia Pacific, Middle East & Africa, North America, Europe, and South America.
The North America is projected for the highest market share. Because of the increase in the continuing medical education programs and initiatives taken by the government and the private sector to promote the young healthcare professional. Also, the program is guided by the physicians and non-physicians who desire to stay current in the new digital technology. In the US various training programs for individuals are conducted by the office of Extramural Research, Education and Priority Populations (OEREP) to promote awareness about healthcare education.
The Asia Pacific market is projected to grow at the highest CAGR over the predicted timeframe. In the Asia Pacific region countries like China, India has witnessed rapid economic growth including the growth in the healthcare sector. In the healthcare sector, there is a rise in demand for online learning, a rising preference for online medical education with the help of artificial intelligence and digital technology.
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Recent development in the Global Healthcare Education Market
- July 2022, Next-Generation Healthcare Distributor bttn Wins Contract with WSIPC and Expands Reach into Education Sector
- July, 2022, University of Kentucky Awards Turner $225 Million Contract for Construction of Health Education Building
- In 2020, eLearning Brothers bought Trivantis Corporation in order to expand its market presence and develop a one-of-a-kind learning ecosystem with all of its offerings.
- In 2020, Infor was purchased by Koch Industries for USD 13 billion. Infor will continue to conduct business through Koch Industries’ New York headquarters as a stand-alone subsidiary.
Some of the key points of the Healthcare Education Market Reports are:
- An in-depth global healthcare education market by the segments, along with an analysis of trend-based insights and factors.
- Key impact factors analysis across regions that includes analysis, along with the drivers, restraints, opportunities and challenges that are prevailing in the global healthcare education market.
- Impact of COVID-19 on the global healthcare education market
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