Categories: Healthcare

Healthcare Education Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Healthcare Education Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Healthcare Education Global Market Report 2024, The healthcare education market size has grown rapidly in recent years. It will grow from $101.92 billion in 2023 to $114.42 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to shift towards online learning, interdisciplinary collaboration, simulation and virtual training, globalization of healthcare, focus on patient-centered care.

The healthcare education market size is expected to see rapid growth in the next few years. It will grow to $176.7 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to adaptive learning platforms, rise of telemedicine education, data-driven learning analytics, continued emphasis on interprofessional education, global health challenges. Major trends in the forecast period include digital learning platforms, augmented and virtual reality integration, personalized learning paths, interdisciplinary training programs, focus on mental health education.

Rapid growth in online education is expected to propel the growth of the healthcare education market going forward. Online education refers to an internet-based delivery of education in which classes are conducted on laptops and smartphones. Online education allows people in remote areas to access high-quality medical education. For instance, according to the World Economic Forum (WEF), a Switzerland-based non-governmental and lobbying organization, 71 million students and other learners were registered for Coursera’s online courses in 2020, which increased to 92 million in 2021. There was an increase of 21 million registrations in one year. Therefore, rapid growth in online education is driving the growth of the health care education market.

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The healthcare education market covered in this report is segmented –

1) By Provider: Universities And Academic Centers, Continuing Medical Education Providers, OEMs or Pharmaceutical Companies, Learning Management Systems providers, Educational Platforms, Medical Simulation

2) By Delivery Mode: Classroom Based Courses, E-Learning Solutions

3) By Application: Academic Education, Cardiology, Neurology, Radiology, Internal Medicine, Pediatrics, Other applications

4) By End-User: Students, Physicians, Non-Physicians.

Major companies operating in the healthcare education market are focusing on product innovation, such as online destinations and go-to resources for information designed to empower people to take greater control over self-care decisions. An online destination and go-to resource for information is a centralized platform providing comprehensive and reliable data on a specific subject or range of topics. For instance, in March 2023, the Consumer Healthcare Products Association (CHPA), a US-based trade association that represents manufacturers and marketers, launched HealthInHand.org, its rebranded online destination and go-to resource for information on self-care products. This product introduces a modern, user-friendly platform with a holistic focus on over-the-counter products, dietary supplements, and consumer medical devices. By empowering individuals with accessible, evidence-based information, the initiative significantly contributes to enhancing health literacy and promoting informed decision-making in self-care within the healthcare education sector.

The healthcare education market report table of contents includes: