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Healthcare Education Market by Provider (Universities and Academic Centers, Continuing Medical Education), Delivery Mode (Classroom-based, E-Learning), Application (Cardiology, Internal Medicine), End User- Analysis and Global Forecast t- 2030
Product Overview
Healthcare education solutions empower the healthcare sector t- be elevating knowledge and competency. These solutions include various courses & assessments, tools & apps, certifications, webinars, and concierge services. In today's healthcare environment, keeping the team's current knowledge is very necessary and hence t- maintain standards of proficiency the healthcare education solutions help health care learners with rich educational content. This content is developed by top-notch health care experts.
Market Overview
The global healthcare education market is projected t- reach USD 148.2 billion by 2030 from USD 81.4 billion in 2020, at a CAGR of 7.9% during the forecast period. Growth in this market is primarily driven by the technological advancements in the healthcare industry, rapid growth in the online education and e-learning sector, and the presence of stringent regulatory mandates related t- CME programs. However, lack of face t- face interaction and unreliable infrastructure cause barrier t- the market growth.
COVID-19 Impact on the Healthcare education solution Market
Due t- the COVID-19 pandemic, governments across the globe have enforced social distancing and lockdown measures, which disrupted the normal lifestyle of people. The COVID-19 pandemic changed the course of education, forcing educational institutes t- conduct classes online. Working professionals als- had t- abruptly shift t- working from home. A number of events, workshops, and conferences were postponed or canceled. As a result, the adoption of electronic education (E-education) platforms such as digital conferences, webinars, medical blogs, and social media increased.
Healthcare education solution Market Dynamics
Drivers: Increasing adoption of digital learning
Over the years, educational solutions have gained wider acceptance. Technical innovations in the field have helped redefine the learning process. The main objective of online education solutions is t- manage the learning process and create an engaging learning environment t- add more functionalities for enhancing learning capacities. The traditional approach t- medical training has several drawbacks. The cost of establishing and maintaining physical training centers is high, and it is challenging t- meet the changing demands due t- the constantly changing trends in disease treatments, medical technologies, and drugs.
Restrains: Unreliable infrastructure in most developing countries
Several developing countries d- not have reliable internet connection and electricity supply. T- be able t- complete the courses online, there is a need t- have a reliable internet connection t- surf the content online or t- download the content. Individuals als- need t- have reliable electrical connections t- operate electronic devices. Some of the developing countries in the Asia Pacific and the Middle East and Africa d- not have reliable infrastructure, which limits the ability of the students t- access online education.
Healthcare Education Solutions Market: Key TrendsModernization of healthcare institutions wherein computer systems, software applications are integral has necessitated training of healthcare personnel t- render service. Service at healthcare institutions, which include diagnostics, laboratory investigations, patient treatment record, and hospital admissions among others is carried out using technology. Large volume of patient data, treatment records, diagnostics have high risk of error if handled manually. This requires service personnel t- be trained for these system t- render service.
North America t- witness significant growth from 2020 t- 2030
The global healthcare education market has been categorized on the basis of four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2019, the Asia Pacific region accounted for the largest market share of 39.7%. However, the North American market is projected t- register the highest CAGR of 9.5% during the forecast period, primarily due t- the initiatives taken by industry players and regional governments towards increasing the number of medical schools and the advancing healthcare sector.
Key Market Players
Some of the prominent players operating in the healthcare education market are SAP (Germany), Adobe (US), Infor (US), Oracle (US), HealthStream (US), HealthcareSource (US), Elsevier (Netherlands), Articulate (US), PeopleFluent (US), ADP (US), GE Healthcare (US), Trivantis Corporation (US), Cerner (US), Koninklijke Phillips (Netherlands), Siemens Healthineers (Germany), Coursera (US), and IBM (US).
By Provider
Universities and Academic Centers
Continuing Medical Education Providers
OEMs/Pharmaceutical Companies
Learning Management Systems
Educational Platforms
Medical Simulation
By Delivery Mode
Clasroom based courses
E-Learning solutions
By Application
Academic Education
Cardiology
Neurology
Radiology
Interna Medicine
Pediatrics
Others applications
By End User
Students
Physicians
Non Physicians