Zion Market Research has published a new report titled “Medical Education Market by Type of Training (Cardiothoracic, Neurology, Orthopedic, Oral and Maxillofacial, Pediatric, Radiology, Laboratory) for On-campus, Distance and Online Mode of Education: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, Global Medical Education Market was valued at approximately USD 27.17 billion in 2016 and is expected to generate revenue of around USD 36.20 billion by end of 2022, growing at a CAGR of around 4.9% between 2017 and 2022.
Medical education is the science behind the teaching and learning in medicine. It has been firmly established field including cardiothoracic, neurology, orthopedic, pediatric, radiology etc. disciplines. Along with the advancement of medical science, medical education as a discipline has seen tremendous progress. The medical field is highly specialized and has many sub-specialties. Medical education requires highly skilled experts. However, rapid development and specialization in medical education have come with a price. The more developed the discipline has become; the more specialized and fragmented have become the books and publications on medical education.
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The global medical education market is primarily driven by the need to treat chronic diseases with the high global burden. Other major driving factors are increasing penetration of internet and coupled with increased awareness of global health disparities. However, high fee structures for classroom training coupled with the lack of practical knowledge in distance learning are the major restraints that may limit the growth of the market. Nonetheless huge student base and positive economic growth coupled with increased investments in healthcare across the globe are likely to disclose the new avenues for medical education market in the near future.
The medical education market is segmented on the basis of different types of training including cardiothoracic, neurology, orthopedic, oral and maxillofacial, pediatric, radiology and laboratory. The cardiothoracic segment is expected to grow at fastest rate in the global market over the forecast period. Based on the mode of education the medical education market is segmented into on-campus, distance and online. In terms of revenue, on campus segment dominated the market in terms of revenue.
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North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global Medical Education market. North America is anticipated to remain the leading region over the forecast period. Demand for medical education was highest in North America especially in the U.S. Asia Pacific is expected to be the rapidly growing region in medical education market during the forecast period. Moreover, the Middle East and Africa and Latin America are expected to show moderate growth for this market in the years to come.
Some of the key players in medical education market include Apollo Hospitals, TACT Academy for Clinical Training, Zimmer Biomet Holdings, Inc. (Zimmer Institute), Olympus America, Gundersen Health System, GE Healthcare, and Medical Training College among others.
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