Medical Education Market by Learning Method, Courses, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40007
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The medical education market share is expected to increase by USD 143.30 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 17%.

This medical education market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by courses (graduate courses, certifications and training, and post-graduate courses), learning method (blended learning and online learning), and geography (North America, Europe, APAC, South America, and MEA). The medical education market report also offers information on several market vendors, including Harvard University, Johns Hopkins University, New York University, Stanford University, University of California, University of Cambridge, University of New England, University of Oxford, University of Washington, and Yale University among others.

What will the Medical Education Market Size be During the Forecast Period?

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Medical Education Market: Key Drivers and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growth in number of online medical education programs is notably driving the medical education market growth, although factors such as threat from open-source and free educational resources. may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical education industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Medical Education Market Driver

One of the key factors driving growth in the medical education market is the growth in the number of online medical education programs. Medical professionals are increasingly replacing traditional physical classrooms and using online training modules. Compared with traditional medical education, online medical courses prove to be beneficial as they facilitate specific medical stream courses and provide access to various course materials and online assessments for both instructors as well as learners. Moreover, by using online tools, educators have easy access to real-time data on students’ progress based on test scores and student activities. Furthermore, students enrolling in online courses can communicate with other students and mentors using discussion forums and chat rooms available in the course platform. Therefore, online medical education programs are becoming largely popular in the global medical education market and are expected to drive the growth of the market during the forecast period.

Medical Education Market Challenge

The presence of free and open-source education resources poses a huge threat to the growth of the global medical education market. Several vendors in the market offer open-source medical courses that are free of cost. Therefore, students who cannot afford a paid education opt for such free services offered by various open-source vendors. The trend of offering free medical education is more prevalent in North America and Europe compared with other regions. The fee structure for medical education in North America and Europe is very high compared with APAC, and this is likely to negatively impact the growth of the market in focus in terms of revenue generation during the forecast period.

Parent Market Analysis

Technavio categorizes the global medical education market as a part of the global education market (also referred to as global education services market). The parent, global education market, covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

This medical education market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Medical Education Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Harvard University
  • Johns Hopkins University
  • New York University
  • Stanford University
  • University of California
  • University of Cambridge
  • University of New England
  • University of Oxford
  • University of Washington
  • Yale University

 

This statistical study of the medical education market encompasses successful business strategies deployed by the key vendors. The medical education market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical education market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Medical Education Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical education market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Medical Education Market?

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34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for medical education in North America. Market growth in this region will be faster than the growth of the market in Europe. Increasing enrollments in distance-learning medical degrees in countries such as the US and Canada have encouraged many medical education institutions in the region to promote online distance-learning degrees. Distance learning in the US and Canada for medical education is gaining increased attention of students because of its advantages such as easy accessibility, flexibility in terms of time and location, and affordability. 
Extensive adoption of blended learning methodologies in North American medical schools is expected to boost the growth of the market during the forecast period. Medical universities and schools in the region, especially in the US, are using blended learning methodologies and are shifting their focus from improving the content to upgrading learning processes and educational outcomes. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, lockdowns and social distancing norms implemented to prevent the spread of COVID-19 resulted in the closure of medical institutes in North America. Therefore, new admissions in medical universities were put on hold. Most education activities were conducted through online channels, which resulted in an increase in the use of online learning medium by universities. This will drive the growth of the regional medical education market during the forecast period. The artificial intelligence platforms market report has further insights to estimate the COVID recovery rate in all the regions. 

What are the Revenue-generating Courses Segments in the Medical Education Market?

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The medical education market share growth by the graduate courses segment will be significant during the forecast period. Graduate degrees in medical education are the basic qualification required by any candidate to enter the field of medical services. This segment is expected to hold the largest share in the global medical education market during the forecast period owing to the high student enrollment for graduate courses compared with other segments. Medical education institutes globally are innovating the teaching methods employed in graduate courses to enhance students’ knowledge and skills. Medical graduate courses are being integrated with technologies such as AR and VR, exposing students to virtual medical conditions and treatments. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical education market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Education Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17%

Market growth 2021-2025

$ 143.30 billion

Market structure

Fragmented

YoY growth (%)

15.00

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, UK, Germany, Australia, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

All India Institute of Medical Sciences, Grand Canyon University, Harvard Medical School, Johns Hopkins University,  Kaiser Permanente School of Medicine,  Mayo Foundation for Medical Education and Research,  National University of Singapore, New York University, Stanford University, Texas Tech University Health Sciences Center, The Tamil Nadu Dr.M.G.R. Medical University, The University of Alabama, Universidade Anhembi Morumbi,  University of California, University of Cambridge,  University of Eastern Finland,  University of Liverpool,  University of New England,  University of Oxford, University of Washington, Western Governors University, Yale University

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Medical Education Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical education market growth during the next five years
  • Precise estimation of the medical education market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical education industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical education market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Courses

  • Market segments
  • Comparison by Courses
  • Graduate courses - Market size and forecast 2020-2025
  • Certifications and trainings - Market size and forecast 2020-2025
  • Post graduate courses - Market size and forecast 2020-2025
  • Market opportunity by Courses

Market Segmentation by Learning Method

  • Market segments
  • Comparison by Learning method
  • Blended learning - Market size and forecast 2020-2025
  • Online learning - Market size and forecast 2020-2025
  • Market opportunity by Learning method

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Harvard University
  • Johns Hopkins University
  • New York University
  • Stanford University
  • University of California
  • University of Cambridge
  • University of New England
  • University of Oxford
  • University of Washington
  • Yale University

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The medical education market growth will increase by $143.30 billion during 2020-2025.
The medical education market is expected to grow at a CAGR of 17.00% during 2020-2025.
Technavio has segmented the medical education market by other1 (Graduate courses, Certifications and trainings, and Post graduate courses) ,other2 (Blended learning and Online learning) , and geographic (North America, Europe, APAC, South America, and MEA).
Harvard University, Johns Hopkins University, New York University, Stanford University, University of California, University of Cambridge, University of New England, University of Oxford, University of Washington, Yale University are a few of the key vendors in the medical education market.
North America will register the highest growth rate of 34.38% among the other regions. Therefore, the medical education market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • Germany
  • Australia
  • Canada
The key factors driving the medical education market growth are:
  • Growth in number of online medical education programs
The medical education market vendors should focus on grabbing business opportunities from the graduate courses segment as it accounted for the largest market share in the base year.
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