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Healthcare Education Market Size, Share to Reach A Valuation of USD 128.4 Billion By 2027

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New York, United States: The Report on Healthcare Education Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Healthcare Education Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors. The global Healthcare Education Market market gathered revenue around USD 83.8 Billion in 2020 and market is set to grow USD 128.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.6% during the prediction period 2021 to 2027.

Overview of Healthcare Education Market Study

Healthcare Education market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

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Growth Factors:

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 to CME programs. However, lack of face to face interaction and unreliable infrastructure cause barrier to the market growth.

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 to manage the learning process and create an engaging learning environment to add more functionalities for enhancing learning capacities.

The traditional approach to medical training has several drawbacks. The cost of establishing and maintaining physical training centers is high, and it is challenging to meet the changing demands due to the constantly changing trends in disease treatments, medical technologies, and drugs. eLearning overcomes all these issues because doctors and other healthcare professionals can take courses at their own pace. Another advantage of eLearning is that students get a chance to preview courses before paying, which enables them to complete a whole class before submitting payment to receive certification. While these benefits apply to every kind of online education, they are especially relevant for medical professionals seeking continuing education.

Continuing medical education (CME) solutions are widely accepted by physicians or non-physician professionals who want to keep up with the fast-changing technology and stay updated. In countries like Canada, a minimum of 400 points are a mandate for the physician’s study course, and therefore, a number of CME programs are being adopted to gain points.

Government bodies in several countries across the globe are running eLearning courses for healthcare professionals. For instance, the US government is running the Healthy People eLearning website, an online educational resource designed to help students and health professionals meet the country’s health goals. Similarly, the European Union has several e-health programs, such as Intervention Research on Health Literacy among Ageing Populations (IROHLA). This program focuses on improving health literacy for older people in Europe. Similarly, ENS4Care aims at enhancing e-skills for nurses and social care workers and providing evidence-based clinical guidelines for the deployment of eHealth services.

The growing acceptance of digital learning across enterprises is expected to drive the growth of the healthcare education solutions market.

Restrains: Unreliable infrastructure in most developing countries
Several developing countries do not have reliable internet connection and electricity supply. To be able to complete the courses online, there is a need to have a reliable internet connection to surf the content online or to download the content. Individuals also need to have reliable electrical connections to operate electronic devices. Some of the developing countries in the Asia Pacific and the Middle East and Africa do not have reliable infrastructure, which limits the ability of the students to access online education. Though unreliable internet and electricity connection represents significant restraints for online education providers, increasing initiatives by governments in these countries to enhance digital infrastructure is expected to help online education providers to provide more services to students in the coming years. Moreover, eLearning has hampered medical courses as it provides only theoretical knowledge and lacks practical or real-life understanding. All these factors are expected to restrain the growth of the healthcare education market

Opportunities: Increasing adoption of adaptive learning
Adaptive learning is an educational system that modifies the content based on the performance of the user. The adaptive learning system makes use of AI to modify the content. AI helps online education providers to provide more personalized courses to their customers. Users opting for online courses have different backgrounds, different levels of proficiency in the subject, and different levels of aptitude. To match the pace of the course with each participant is difficult in the traditional system; however, with the help of adaptive learning, online course providers can provide content that is more appropriate to students. Adaptive learning represents a significant opportunity for digital education providers in the coming years

North America to witness significant growth from 2021 to 2027
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 to register the highest CAGR of 9.5% during the forecast period, primarily due to the initiatives taken by industry players and regional governments towards increasing the number of medical schools and the advancing healthcare sector.

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COVID-19 Impact on Healthcare Education Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Healthcare Education market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Healthcare Education market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Healthcare Education market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Healthcare Education market include:

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).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

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

Why Buy this Report?

The purpose of Nova one advisor’s Healthcare Education market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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