Medical Education Market (Training - Cardiothoracic, Neurology, Orthopedic, Oral and Maxillofacial, Pediatric, Radiology, and Laboratory; Mode of Education - On-campus, Distance, and Online): Global Industry Analysis, Trends, Market Size and Forecasts to 2024

A recent report published by Infinium Global Research on medical education market provides in-depth analysis of segments and sub-segments in global as well as regional medical education market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical education market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global medical education market. According to the report, the global medical education market is projected to grow at a CAGR of 4.2% over the forecast period of 2018-2024.

Market insight

Medical education includes educational related activities to be either a medical practitioner or initial training to become a physician. This knowledge and skills are required for the treatment and prevention of disease. There are various teaching methodology that is being utilized in medical education such as distance, Online and on-campus. Medical education includes several disciplines such as cardiothoracic, neurology, orthopedic, oral & maxillofacial, pediatric, radiology, laboratory and several others.

The world federation of medical educators and WHO have close and fruitful collaboration towards the reorientation of medical education. The growing need to treat chronic diseases along with rapidly increasing population over the globe is driving the growth of the medical education market has created a need to increase the number of medical professionals. In addition, major driving factors such as increasing preference for online education, growing awareness of global health discrepancy, rising exposure of advanced technologies and increasing penetration of internet are boosting the medical education market. Moreover, the significant increase in the aging population has created the need for allied healthcare professionals such as physiotherapists and nurses, which in turn is also driving the medical education market. However, the lack of practical knowledge in distance education and the cost of higher medical education in developed countries may hamper the growth medical education market. Going forward the technological advancement in the healthcare sector is expected to lead the medical education market in the near future.

North America has the highest market share in the medical education market in 2017. Rising demand for medical education, especially in the U.S., is anticipated to boost the market in this region owing to increase awareness about medical education among the students, increasing technological advancements, timely technological upgrades, consistent introduction of new courses and developed healthcare infrastructure that offers immense growth opportunities of the medical education market in North America region.

Asia-Pacific region is expected to witness the highest growth in the medical education market in the near future. Rapidly growing population along with increased disposable income, the initiative was taken by the government organizations to provide scholarships are some factors that are escalating the growth of this market in the Asia-Pacific region. In addition, countries like China, Japan, and India are the fastest growing market in the global medical education market.

Segment Covered

The report on global medical education market covers segments such as training and mode of education. On the basis of training, the global medical education market is categorized into cardiothoracic, neurology, orthopedic, oral and maxillofacial, pediatric, radiology and laboratory. On the basis of mode of education, the global medical education market is categorized into on-campus, distance and online.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and the rest of Europe are included in the European region. 

The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global medical education market such as GE Healthcare, Olympus Corporation, Gundersen Health System, Johnson and Johnson, Bausch and Lomb, Essilor International S.A., Alcona Inc., Novartis International AG, Carl Zeiss AG and The Cooper Companies.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical education market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical education market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical education market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical education market to understand the present and future trends in this market and formulate their strategies accordingly.