The medical education market is anticipated to experience moderate growth in the forecast period (2020-2027). Growing at a CAGR of 4.2%, the market value is expected to reach US$ 44 Bn by 2027-end.
Rapid advancements in healthcare infrastructure have stimulated investments in medical education. In addition, the number of medical schools has been increasing, especially in developing economies.
According to a study conducted by FAIMER International Medical Education Directory (IMED), the number of medical schools increased by more than 1/3rd between 2009 and 2013. Moreover, increase in new and non-traditional medical schools and student migration has prompted universities and institutions to provide quality education.
Strict social distancing norms execute by governments in the wake of the coronavirus pandemic have led to the closure of universities and colleges, prompting them to shift their courses online. This trend is anticipated to continue throughout the forecast period, as people will voluntarily choose to maintain social distancing even in the aftermath of the pandemic.
However, few students would still prefer to attend regular college post the pandemic as universities are provided with the required resources which otherwise may not be available externally.
- Asia Pacific promises to emerge as the fastest-growing medical education market over the forecast period, expanding market size at a CAGR of 4.4% and capturing almost 1/5th of the global market value
- Asia Pacific’s market value is anticipated to expand 1.4x during the forecast period.
- The number of medical school enrolments in the U.S. registered an uptick of 25% upper in 2016 as compared to 2002.
- By mode of training, the distance-learning medical education segment is poised to expand market size at a CAGR of 4.2% through 2027.
- By mode of training, the adoption of online courses is expected to expand at a CAGR of 5.5% throughout the forecast period.
- By types of training, cardiothoracic training remains highly preferred over other types of training, capturing nearly one-fifth market share of the total market value.
- By type of organization, the school of medicine is expected to retain its dominance, capturing nearly 40% market share of the medical education market.
- With the rising popularity of online education, healthcare practitioners are devising novel ways to impart quality education to students which will boost the growth of the medical education market.
- Rapid advancements in healthcare infrastructure have stimulated investments in medical education. In addition, the number of medical schools has been increasing, especially in developing economies which will improve the medical education market.
Medical Education Market: Segmentation
Fact.MR has studied the medical education market with detailed segmentation on the basis of delivery method, mode of training, types of training, type of organization and region.
- Internet Enduring Materials
- Regularly Scheduled Series and Other Enduring Materials
Mode of Training
Types of Training
- Cardiothoracic Training
- Neurology Training
- Orthopedic Training
- Oral and Maxillofacial Training
- Pediatric Training
- Radiology Training
Type of Organization
- School of Medicine
- Government/Military Organizations
- Insurance Companies
- Non-profit Organizations
- Publishing or Education Companies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)