Healthcare Education Market By Type of Training (Cardiothoracic, Neurology, Orthopedic, Oral & Maxillofacial, Pediatric, Radiology, Laboratory), Mode of Training (On-Campus, Distance Education, Online Education), & Region for 2024-2031
Report ID: 52413|No. of Pages: 202
Healthcare Education Market By Type of Training (Cardiothoracic, Neurology, Orthopedic, Oral & Maxillofacial, Pediatric, Radiology, Laboratory), Mode of Training (On-Campus, Distance Education, Online Education), & Region for 2024-2031
Healthcare Education Market Valuation – 2024-2031
The growing demand for qualified healthcare workers and the expanding use of modern educational tools like virtual reality and e-learning are driving the healthcare education market. According to the analyst from Verified Market Research, the Healthcare Education Market is estimated to reach a valuation of USD 54.36 Billion over the forecast subjugating around USD 36.34 Billion in 2024.
The increasing need for healthcare workers, driven by an aging population and the need for greater pandemic preparedness, emphasizes the importance of expanded educational infrastructure and training programs propelling the market growth. It enables the market to grow at a CAGR of 5.16% from 2024 to 2031.
Healthcare Education Market: Definition/ Overview
Healthcare education is the process by which individuals and communities gain the knowledge, skills, attitudes, and values required to promote, maintain, and improve their health. This educational approach incorporates several approaches and ideologies to empower people to make educated health decisions and engage in well-being-promoting behaviors. Healthcare education has a wide range of applications, including public health campaigns, school health programs, community seminars, and professional development for healthcare personnel. These initiatives are intended to address a variety of health issues, such as disease prevention, nutrition, mental health, and lifestyle choices, ultimately leading to better health outcomes and lower healthcare expenditures.
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What are the Key Drivers that Foster the Demand for Healthcare Education?
The growing worldwide population and aging demographics are creating a large demand for additional healthcare professionals, hence boosting the healthcare education market. The World Health Organization (WHO) predicts an 18 million health professional shortfall by 2030, especially in low- and lower-middle-income nations. This deficit is driving investments in healthcare education to fulfill the rising demand for trained workers.
The integration of modern technologies such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) into healthcare education is propelling market expansion. According to Verified Market Research, the global medical education market was valued at USD 36.07 Billion in 2023 and is predicted to increase at a compound annual growth rate (CAGR) of 3.54% between 2024 and 2031. This growth is largely due to the incorporation of this new technology into medical training programs.
Furthermore, the need for continuing medical education is driven by healthcare professionals’ need to stay up to date on the newest medical breakthroughs and maintain their licensing. According to the Accreditation Council for Continuing Medical Education (ACCME), despite the COVID-19 epidemic, 36 million learners received more than 1.3 million hours of authorized continuing education activities in 2020. This is a substantial market for continuing healthcare education and professional development.
What are the Key Challenges Hindering the Growth of the Healthcare Education Market?
The financial burden of healthcare education is a significant barrier for many prospective professionals. Tuition rates for medical, nursing, and allied health programs are prohibitively expensive, discouraging prospective students from pursuing professions in healthcare. This high cost affects not only impoverished individuals’ access to education but also the overall expansion of the healthcare workforce, increasing current shortages in many places.
Furthermore, while technological innovations provide new educational opportunities, resistance to applying them is an obstacle. Many educational institutions lack the infrastructure and skills required to successfully use advanced learning tools. Also, some instructors and students are hesitant to adopt online learning platforms and simulation-based training due to concerns about efficacy and engagement, which impede the transition to modernized educational methods.
Category-Wise Acumens
What Factors Contribute to the Market Leadership of Cardiothoracic Training?
According to VMR Analysis, the cardiothoracic training segment is estimated to hold the largest market share during the forecast period. The rising global incidence of cardiovascular disorders has increased the need for specialized cardiothoracic training. As healthcare organizations attempt to enhance patient outcomes, there is an urgent need for experienced individuals capable of performing sophisticated heart and lung procedures and interventions, which is driving enrollment in cardiothoracic programs.
Minimally invasive surgical techniques and new medical technologies have revolutionized cardiothoracic surgeries. This progress needs extensive training programs that provide healthcare professionals with the most up-to-date skills and knowledge, reinforcing this segment’s dominance as institutions respond to the demand for advanced surgical education.
Furthermore, cardiothoracic training is being prioritized at many universities and academic centers due to its importance in healthcare. Significant investments from both the public and private sectors have improved educational resources, research initiatives, and clinical training opportunities, ensuring that cardiothoracic programs remain strong and attract a large number of students seeking specialized training in this vital field of healthcare.
What are the Key Driving Forces for the Growth of Online Education in the Market?
The online education segment is estimated to dominate the healthcare education market during the forecast period. Online education provides unprecedented flexibility, allowing healthcare workers to access instructional resources at their leisure, regardless of location. This accessibility is especially useful for people juggling career, family, and educational responsibilities, making online learning a desirable option.
The use of modern technologies such as virtual reality and artificial intelligence has greatly improved the quality and effectiveness of online healthcare education. These developments result in immersive learning experiences and individualized content, making online education more engaging and effective for students.
Furthermore, the COVID-19 epidemic has pushed the adoption of online education in a variety of fields, including healthcare. With constraints on in-person gatherings, educational institutions have quickly switched to online platforms to ensure the continuation of learning. This move has strengthened the position of online education as the primary mode of training in the healthcare sector.
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Country/Region-wise Acumens
What are the Specific Trends that Propel the Growth in the Asia Pacific region?
According to VMR Analyst, Asia Pacific is estimated to exhibit the highest growth within the healthcare education market during the forecast period. Many Asia Pacific countries are investing considerably in healthcare infrastructure and education to fulfill rising demand. For example, India’s National Health Policy 2017 plans to expand health spending to 2.5% of GDP by 2025, with an emphasis on improving medical education. The Indian government has also announced plans to create 75 new medical institutions by 2021-22, to add 15,700 MBBS seats. Similarly, China’s Healthy China 2030 plan focuses on expanding healthcare services and medical education, with the objective of training 2 million additional general practitioners by 2030.
Furthermore, the Asia Pacific region is rapidly adopting digital technology in healthcare education, driven by the need to reach a broader audience and eliminate geographical limitations. The Singapore Ministry of Health established the National Health Innovation Centre (NHIC) in 2014, which has funded over 80 healthtech initiatives, many of which focus on digital health education. The COVID-19 pandemic has expedited this trend, with Elsevier’s 2020 survey indicating that 96% of healthcare students in Asia Pacific countries regarded online learning to be beneficial to their studies.
What are the Factors Leading to Substantial Share in the North American Region?
North America is estimated to dominate the market during the forecast period. North America, especially the United States, has a rapidly aging population, which increases demand for healthcare services and, as a result, healthcare education. According to the United States Census Bureau, the number of Americans aged 65 and up is expected to nearly double, from 52 million in 2018 to 95 million by 2060. This demographic transition coincides with a rise in chronic diseases. According to the Centers for Disease Control and Prevention (CDC), 6 in 10 persons in the United States have at least one chronic disease, with 4 in 10 having two or more. The increased prevalence of chronic illnesses needs well-trained healthcare personnel, which drives the healthcare education market.
Furthermore, North America, particularly the United States, has stringent continuing education requirements for healthcare workers, which increases demand for ongoing healthcare education. According to the National Council of State Boards of Nursing (NCSBN), all 50 states in the United States require registered nurses to fulfill continuing education requirements for license renewal every two years, ranging from 5 to 40 hours. Similarly, the Accreditation Council for Continuing Medical Education (ACCME) figures reveal that in 2020, despite the epidemic, there were over 1,720 accredited continuing medical education providers in the United States, providing more than 1.3 million hours of instruction to 36 million participants. This regulatory environment supports a strong market for ongoing healthcare education in the region.
Competitive Landscape
The competitive landscape of the healthcare education market is characterized by a varied range of educational providers and new delivery methods, resulting in a dynamic environment for growth and evolution.
Some of the prominent players operating in the healthcare education market include:
- GE Healthcare Limited
- Gundersen Health System, Inc.
- Apollo Hospitals
- Olympus Corporation
- Trivantis Corporation
- ADP
- TACT Academy for Clinical Training
- Zimmer Biomet Holdings
- Medical Training College
- IBM
Latest Developments
- In January 2023, HealthStream (US) acquired Electronic Education Documentation System, LLC. The acquisition will add a cloud-based continuing education management system for healthcare organizations, offering innovative Software-as-a-Service (SaaS) solutions.
- In February 2023, Koninklijke Philips N.V. (Netherlands) formed a partnership with TriHealth. TriHealth will integrate Philips’ cardiac solutions at Bethesda North Hospital and the Harold and Eugenia Thomas Comprehensive Care Center. This collaboration allows TriHealth to improve cardiac care, while the organization prioritizes providing high-quality healthcare, encouraging community well-being, collaborating with physicians and providers, and educating future healthcare professionals.
- In June 2023, GE Healthcare (US) partnered with DePuy Synthes (US) to expand the availability of GE Healthcare’s OEC 3D Imaging System and DePuy Synthes’ product line. This collaboration will benefit surgeons and patients across the United States.
- In October 2022, Siemens Healthineers AG (Germany) will collaborate with the University of Miami Health System (US) to advance technology, standardize equipment, and create educational programs for clinicians and technologists.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~5.16% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value (USD Billion) |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | GE Healthcare Limited, Gundersen Health System, Inc., Apollo Hospitals, Olympus Corporation, Trivantis Corporation, ADP, TACT Academy for Clinical Training, Zimmer Biomet Holdings, Medical Training College, and IBM. |
| Customization | Report customization along with purchase available upon request. |
Healthcare Education Market, By Category
Type of Training:
- Cardiothoracic
- Neurology
- Orthopedic
- Oral and Maxillofacial
- Pediatric
- Radiology
- Laboratory
Mode of Training:
- On-Campus
- Distance Education
- Online Education
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL HEALTHCARE EDUCATION MARKET
1.1 Market Overview
1.2 Market Segmentation
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL HEALTHCARE EDUCATION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL HEALTHCARE EDUCATION MARKET, BY TYPE OF TRAINING
5.1 Overview
5.2 Cardiothoracic
5.3 Neurology
5.4 Orthopedic
5.5 Oral and Mallofaxial
5.6 Pediatric
5.7 Radiology
5.8 Laboratory
6 GLOBAL HEALTHCARE EDUCATION MARKET, BY MODE OF TRAINING
6.1 Overview
6.2 On Campus
6.3 Distance Education
6.4 Online Education
Chapter 7 GLOBAL HEALTHCARE EDUCATION MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL HEALTHCARE EDUCATION MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 GE Healthcare Limited
9.1.1 Overview
9.1.2 Product Outlook
9.1.3 Financial Performance
9.1.4 Key Developments
9.2 Gundersem Health System Inc
9.2.1 Overview
9.2.2 Product Outlook
9.2.3 Financial Performance
9.2.4 Key Developments
9.3 Apollo Hospitals
9.3.1 Overview
9.3.2 Product Outlook
9.3.3 Financial Performance
9.3.4 Key Developments
9.4 TACT Academy for Clinical Training
9.4.1 Overview
9.4.2 Product Outlook
9.4.3 Financial Performance
9.4.4 Key Developments
9.5 Zimmer Biomet Holdings
9.5.1 Overview
9.5.2 Product Outlook
9.5.3 Financial Performance
9.5.4 Key Developments
9.6 Olympus Corporation
9.6.1 Overview
9.6.2 Product Outlook
9.6.3 Financial Performance
9.6.4 Key Developments
9.7 Medical Training College
9.7.1 Overview
9.7.2 Product Outlook
9.7.3 Financial Performance
9.7.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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