About Medical Education
In medical education, physical examination is an essential element of learning to provide students with a hands-on experience and enable them to learn accurate clinical diagnosis. However, medical education requires a high level of self-regulated learning. Owing to the extensive preclinical education involved, students find it challenging to memorize and retain knowledge pertaining to clinical study material. In addition, many of the universities also have limited teaching resources. Despite these challenges, medical educational institutions across the globe have been successfully delivering excellent workforce of physicians and medical professionals.
Technavio’s analysts forecast the global medical education market to grow at a CAGR of 16.74% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global medical education market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of digital courses and training programs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Medical Education Market 2017-2021
Technavio recognizes the following companies as the key players in the global medical education market: Harvard University, Oxford University, Stanford University, University of California, Yale University, and John Hopkins University.
Commenting on the report, an analyst from Technavio’s team said: “The medical education industry globally has recently been exposed to various education technologies to facilitate the learning process and content consumption. Training sessions and classroom teaching are expected to be increasingly integrated with augmented reality (AR), AI, and VR techniques. These techniques are either used as a standalone solution or in combination to provide optimal benefits to learners. VR devices such as Oculus Rift, Google Cardboard, and VRONE are facilitating online learning methodologies. Miami Children’s Hospital and Next Galaxy in the US are developing VR-based cardiopulmonary resuscitation modules, which are accessible through tablets, smartphones, and VR devices. The move will provide education and training to medical professionals, patients, and healthcare workers.”
According to the report, the global economy is facing issues of aging population and as WHO quoted, by 2050, over 2 billion people will be over 60 years of age. Nations such as Japan, Italy, Greece, and Singapore already have a substantial chunk of the population above 65 years of age. Although repercussions can be observed in the forms of increased spending in social security nets, healthcare is another prominent area where these nations will incur costs.
Further, the report states that the rise in the number of enrollments in medical education and courses is not accompanied in tandem with the availability of trained faculty. Training institutions find it difficult to hire teachers with updated knowledge to teach their students. In addition, industry experts who are qualified in their respective domains are difficult to find. Students look for qualified trainers and teachers while choosing institutions.
Harvard University, Oxford University, Stanford University, University of California, Yale University, John Hopkins University.
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