Healthcare Education Market Forecasts to 2028 – Global Analysis By Provider (Medical Simulation, Educational Platforms), Application (Radiology, Neurology), End User, and By Geography

Healthcare Education Market Forecasts to 2028 – Global Analysis By Provider (Medical Simulation, Educational Platforms), Application (Radiology, Neurology), End User, and By Geography

According to Stratistics MRC, the Global Healthcare Education Market is accounted for $90.63 billion in 2021 and is expected to reach $181.16 billion by 2028 growing at a CAGR of 10.4% during the forecast period. Health education focuses on informing people about their health. The principle by which individuals and groups of people learn to behave in a manner favorable to the promotion, maintenance, or restoration of health can be defined as health education. Healthcare education solutions help to deliver professional education and development needs to various end-use verticals to improve clinical and training skills.

Market Dynamics:

Driver:

High adoption of digital learning

Digitization of healthcare education offers unparalleled access to new study methods through videos and audios, which are cost-effective. Online education solutions manage the learning process and create an engaging learning environment to add additional functionalities for improving learning capacities. By eLearning, students get the possibility to preview courses before paying, which helps them to complete a whole class before submitting payment to receive certification. While these benefits apply to every kind of online education, they are especially relevant for medical professionals seeking continuing education.

Restraint:

Unreliable and expensive facilities

Building classrooms and other structures are expensive, and with emerging technologies, it has become difficult. Furthermore, there are numerous places where people have internet access issues, which affect online health education. To be able to complete the courses online, there is a need to have a reliable internet connection to surf the content online or download the content. eLearning has hampered medical courses as it provides only theoretical knowledge and lacks practical or real-life understanding.

Opportunity:

Increasing adoption of adaptive learning

Adaptive learning modifies the content based on the performance of the user. The adaptive learning system makes use of AI to modify the content. AI helps online education providers to provide more customized courses to their customers. Users opting for online courses have different backgrounds, different levels of proficiency in the subject, and different levels of aptitude. Therefore, with the help of adaptive learning, online course providers can provide content that is more appropriate to students. Adaptive learning represents a significant opportunity for digital education providers in the coming years.

Threat:

High competition

Limited funding, high competition between local and prominent companies, lack of practical or real-life understanding, underdeveloped healthcare infrastructure, and rising demand for high technological expertise limiting the participation of companies are negatively impacting healthcare education solutions market growth.

The e-learning solutions/online education segment is expected to be the largest during the forecast period

The e-learning solutions/online education segment is estimated to have a lucrative growth owing to the greater flexibility in training schedules, increased accessibility, lower costs, and better access to educational resources, and numerous new updates. Another benefit of e-Learning is that students may sample courses before paying for them, allowing them to complete a whole class before paying for certification.

The cardiology segment is expected to have the highest CAGR during the forecast period

The cardiology segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the increase in the number of initiatives taken by medical education providers and key players to organize CME (Continuing medical education) activities, as well as an increase in the number of grants from government bodies to help young professionals in the field of cardiology access quality training.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the initiatives taken by industry players and regional governments toward increasing the number of medical schools and the advancing healthcare sector. Changing student trends and the rising need for high-quality medical treatment are likely to drive demand for healthcare education in the North American region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to rapid economic development in the region's rising nations, and the modernization of healthcare. Moreover, the surge in demand for online learning, increasing preference for ongoing medical education because of strict regulatory demands, and the use of modern technologies to meet training demands are key factors for the market growth in this region.

Key players in the market

Some of the key players profiled in the Healthcare Education Market include Zimmer Biomet, Trivantis Corporation, Stryker, Olympus Corporation, Medtronic, Koninklijke Philips, Johnson & Johnson, Siemens Healthineers, GE Healthcare Limited, FUJIFILM Holding Corporation, Canon Medical, Apollo Hospitals, Gundersen Health System, Inc and Keres.

Key Developments:

In April 2021, Keres has announced a health education collaboration with 'The Voice' recipient Chevel Shepherd. The collaboration aims to raise awareness of Keres' No More New Mexico young adult initiative, which connects teenagers in the state with tobacco-free education and services.

In April 2020, Trivantis Corporation acquired by eLearning Brothers to enhance its market presence and create a unique learning ecosystem with all the solutions offered.

Providers Covered:
• Universities & Academic Centers
• Original Equipment Manufacturer (OEM)/Pharmaceutical Companies
• Medical Simulation
• Learning Management System Providers
• Educational Platforms
• Continuing Medical Education Providers

Delivery Modes Covered:
• Classroom-Based Courses
• E-Learning Solutions/Online Education
• Distance Education

Applications Covered:
• Radiology
• Pediatrics
• Orthopedic
• Oral and Maxillofacial
• Neurology
• Laboratory
• Internal Medicine
• Cardiology
• Academic Education

End Users Covered:
• Students
• Physicians
• Non-Physicians

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances