Healthcare Education Market Scope, Size, Growth Analysis

The Healthcare Education Global Market Report 2023 by The Business Research Company, provides healthcare education market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Healthcare Education Global Market Report 2023, the global healthcare education market size grew from $88.96 billion in 2022 to $99.89 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare education market is expected to grow to $150.8 billion in 2027 at a CAGR of 10.8%.

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.

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The healthcare education market 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.

Technological advancements have emerged as a key trend in healthcare education and are gaining popularity in the healthcare education market. Major market players are concentrating their efforts on creating innovative technologies, such as the use of virtual reality to deliver quality education in the field of healthcare. For instance, in February 2021, Elsevier, a Netherlands-based company that is working in research publication and information analytics launched innovative virtual reality healthcare simulations for medical students in schools in North America. This advanced simulation learning system offers 100 virtual reality patients and 160 lab-based scenarios that will help students acquire quality education and enhance their skills used in medical operations.

The healthcare education market report table of contents includes: