Medical Education Market to grow at a CAGR of up to 5% during forecast period: TMR Study

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- The delivery of medical education is envisioned to be improved through public reporting, improved efficiency, and an interdisciplinary approach that incorporates informatics
- Growing demand for interactive media for quality education and growing need for online assessment and testing are expected to drive the expansion of the global medical education market.
Wilmington, Dell., September 26, 2022 /PRNewswire/ — TMR Research Finds Global Medical Education Market Worth in 2019 $32 billionThe global market is projected to grow at a CAGR of up to 5% during the forecast period from 2020 to 2030. By 2030, the medical education market is estimated to reach a value of 56.9 billion. The American Medical Association is gaining recognition for promoting advances in the field of medical education. Both graduate and undergraduate medical education departments are rewarded with innovative grant schemes to improve the medical education sector. North America It is expected to be the fastest growing market for medical education during the forecast period.
These initiatives are expanding the pool of healthcare professionals who can adapt to the rapidly changing healthcare environment. Market participants gain credibility by receiving financial support from various medical institutions. The market for medical education is expanding as a result of advanced medical technology.
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For digital learners, the Internet’s extensively linked network is proving to be an advantage. Therefore, to monetize the online classroom idea, companies in the medical education sector need to innovate their online education portals and mobile his apps. Online classrooms are estimated to be the largest revenue generator in the medical education market. Additionally, the delivery of medical knowledge is changing as a result of co-education and game-based learning techniques.
Key findings of the market report
Major players in the medical education market are able to diversify their revenue streams with increasing adoption of cutting-edge technologies and AI, which is expected to be a recent development in the medical education market. To improve accessibility to biological information, digitized healthcare systems are becoming more widespread among patients and professionals. As a result, AI can help doctors reduce the effort required to analyze digital data, increasing effectiveness in prognosis and diagnosis.
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Medical educators strongly suggest removing duplicate content from curricula. To avoid information overload, medical institutions in the medical education industry are revising curricula and introducing innovative programs. Additionally, medical education should be diversified to improve patient outcomes. Patient outcomes are improved through curriculum redesign and team-based treatment. This is expected to further drive the future market demand for medical education.
According to a recent study by Rockpointe Corporation in the United States, medical education is highly successful in guiding and assisting physicians in making important decisions for their patients based on the best available evidence. . Research has shown that physicians who participate in medical education activities often have a beneficial effect on those who do, as opposed to those who do not. Medical education plays an important role in the acceptance of evidence-based medicine.
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Global Medical Education Market: Major Players
Some of the major market players are:
- Tact Academy for clinical training
- Siemens Healthineers AG
- Gundersen Health System
- Zimmer Biomet Holdings Co., Ltd.
- Johns Hopkins University
- Apollo Hospital,
Global Medical Education Market: Segmentation
Type of training
- cardio chest training
- Neurology training
- orthopedic training
- Oral and maxillofacial training
- pediatric training
- radiology training
- laboratory training
- others
mode of training
- at school
- distance
- online
educational institution
- Faculty of Medicine
- government/military organization
- hospital
- Insurance company
- non-profit organization
- publishing or educational company
- molecular genetics
- others
Shipping method
- Internet Permanent Materials
- course
- Regularly scheduled series and other enduring material
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