Medical Education Market

Medical Education Market Outlook (2024 to 2034)

As revealed in an updated research report by Fact.MR, the global medical education market is projected to reach a value of US$ 35.11 billion in 2024. Worldwide revenue from the sales of medical education solutions is forecasted to increase at a CAGR of 5.1% and reach US$ 57.95 billion by the end of 2034.

Emergence of several new collaborative models across healthcare schools around the world is contributing to the expanding medical education market size. Developing countries are investing heavily in healthcare infrastructure to enhance access to quality medical services. Moreover, universities in several countries, such as the United States, India, and others are incorporating integrated curricula instead of sticking to conventional ones.

Implementation of innovative teaching methodologies, such as EBM (evidence-based medicine), practical-based approach, PBL (problem-based learning), training with patients, and hands-on interaction is helping to strengthen the overall quality of medical education. Rising investments in education infrastructure, such as medical education research, research laboratories, online research journals, library facilities with several online educational resources, and Wi-Fi on campus are augmenting market growth. In addition, increasing expenditure by market players in e-learning and visual learning platforms is positively influencing medical education market trends.

• Worldwide demand for medical education courses is evaluated to increase at a CAGR of 5.2% and reach a market valuation of US$ 37.92 billion by 2034.
• Revenue from on-campus medical education is projected to rise at 4.9% CAGR and reach US$ 33.92 billion by the end of 2034.
• South Asia & Pacific is analyzed to hold 21.3% of the global medical education market share by 2034-end.
• Demand for medical education solutions in South Korea is forecasted to increase at a CAGR of 5.8% from 2024 to 2034.
• The market in Japan is forecasted to expand at 1.7% CAGR through 2034.

Report Attributes	Details
Medical Education Market Size (2024E)	US$ 35.11 Billion
Forecasted Market Value (2034F)	US$ 57.95 Billion
Global Market Growth Rate (2024 to 2034)	5.1% CAGR
Market Share of School of Medicine (2034F)	41.4%
North America Market Share (2034F)	35.6%
India Market Growth Rate (2024 to 2034)	7.7% CAGR
Key Companies Profiled	American College of Radiology; Zimmer Biomet; Apollo Hospitals Enterprise Limited; TACT Academy for Clinical Training; CAE Inc.; Stanford University; GE Healthcare; Siemens Healthineers AG; Gundersen Health System; Olympus Corporation; Johns Hopkins University; Medtronic; Richard Wolf GmbH; Johnson & Johnson Inc.; Level Ex.

Which Key Aspects are Shaping the Market for Medical Education?

“Increasing Number of Medical Training Centers and Schools”

Constant advancements in healthcare infrastructure are stimulating investments in medical education. Furthermore, there is a noteworthy increase in the count of medical schools, particularly in potentially high growth. These new and non-conventional medical schools are stimulating institutions and universities to offer quality education. Penetration of the Internet along with acquaintance with existing technology is enabling medical scholars, experts, and professors to schedule online classes through several approaches.

Growing popularity of online education is stimulating healthcare practitioners to devise new ways to impart quality medical education. Certain technological advancements in healthcare education include mobile devices, simulation software, wearable technologies, and digital games, which are revolutionizing healthcare's future.

Digital games offer training tools in challenging stimulating environments and are generally used for the training of prospective surgeons. They help in improving reflex time and hand-eye coordination. Further, mobile devices employ personalized digital assistants for clinical tasks.

How is Global Market Growth Being Negatively Impacted?

“Lack of Skilled Instructors and Trainers and Unreliable Infrastructure in Some Regions”

Scarcity of proficient instructors and trainers helping in imparting subject matter to employees is adversely impacting market dynamics. A lack of reliable internet connectivity along with insufficient electricity supply across several underdeveloped and developing countries is creating challenges for downloading and accessing online course content.

How are Start-ups Making a Mark in This Business Space?

“Rising Preference for Adaptive Learning Creating Prospects for New Companies”

Adaptive learning is a popular educational approach, which adjusts content courses based on the performance of the user. The use of AI in adaptive learning enables online education providers to deliver customized courses for students. Students in online courses come from different levels of subject proficiency and showcase multiple aptitudes. Thereby, it sometimes becomes challenging to cater to specific requirements in a conventional system. The use of adaptive learning enables online education providers to offer content well-suited for every student.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, in its updated report, stated that North America is analyzed to account for 35.6% of global market revenue share by the end of 2034. The prominence of the region is because of the increasing adoption of the upgraded educational framework along with a noteworthy shift to medical education based on competency.

Why are Market Players Looking to Invest in the United States?

“Widespread Adoption of Upgraded Educational Frameworks”

Attribute	United States
Market Value (2024E)	US$ 10.65 Billion
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 18.98 Billion

The United States is forecasted to hold 85.3% share of the market in North America by the end of 2034. Accelerating the adoption of advanced technologies for creating virtual experiences is contributing to the widespread reach of medical education in the country.

• For instance, Microsoft entered into a collaboration with the Case Western Reserve University to offer high-definition 3D graphics and special glasses for teaching anatomy.

Moreover, increasing enrollment in medical education courses is also resulting in creating growth prospects for market players.

What is Supporting Demand Growth for Medical Education Services in China?

“Increasing Population Pushing Demand for Effective Healthcare Workforce”

Attribute	China
Market Value (2024E)	US$ 2.91 Billion
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 6.02 Billion

China is evaluated to hold 55.1% share of the East Asian market by 2034. There is a significant increase in the population in the country, which is further stimulating demand for effective healthcare facilities. With the rising population, significant demand for a more efficient healthcare workforce for addressing medical requirements is witnessed. These factors are pushing demand for qualitative healthcare education solutions with well-trained and well-equipped healthcare professionals with the required skills and knowledge.

How Lucrative is India for Providers of Medical Education Services?

“Surging Number of Medical Training Centers and Schools”

Attribute	India
Market Value (2024E)	US$ 1.83 Billion
Growth Rate (2024 to 2034)	7.7% CAGR
Projected Value (2034F)	US$ 3.84 Billion

India is projected to occupy a share of 61.9% of the South Asian & Pacific market by the end of 2034. The rising number of medical schools with population growth is stimulating the government to increase its expenditure on healthcare infrastructure to ensure access to quality diagnosis as well as treatment.

For instance

• The Government of India, in January 2022, announced its plan to establish about 157 new medical colleges to strengthen its health infrastructure.

Category-wise Insights

Worldwide demand for medical education courses is forecasted to increase at a CAGR of 5.2% and reach a value of US$ 37.92 billion by the end of 2034. The growing availability of courses around the world is having a positive influence on medical education market growth. In addition, the increasing introduction of several sub-specialty courses is also contributing to the growing attraction of students to medical education courses.

Which Mode of Medical Education Training is Most Popular?

“Rising Importance of Practical Experience Stimulating Demand for On-campus Training”

Attribute	On-campus
Segment Value (2024E)	US$ 21 Billion
Growth Rate (2024 to 2034)	4.9% CAGR
Projected Value (2034F)	US$ 33.92 Billion

On-campus training mode of medical education is evaluated to occupy a 58.5% share of the global market by the end of 2034. As stated in Fact.MR’s analysis, the rising popularity of on-campus medical training mode is attributed to the increasing count of medical graduates, training centers, and medical schools. More students are giving preference to on-campus learning methods due to the requirements for having hands-on experiences.

Which Medical Education Training Option is Favored by Most Students?

“Increasing Cases of Lifestyle Disorders Generating Demand for Cardiovascular Training”

Attribute	Cardiovascular Training
Market Value (2024E)	US$ 8.31 Billion
Growth Rate (2024 to 2034)	7.4% CAGR
Projected Value (2034F)	US$ 16.94 Billion

Neurology, cardiovascular, orthopedic, pediatric, oral & maxillofacial, radiology, laboratory, and others are some available training offered through medical education. Among these, cardiovascular training is evaluated to capture a share of 29.2% of global market revenue by 2034-end.

There is an increased demand for services from cardiac surgeons and cardiologists with rising cases of lifestyle-related health issues, such as hypertension and obesity. Cardiothoracic training commonly focuses on treating and managing diseases related to the heart, thorax, esophagus, and lungs.

Competitive Landscape

Some of the key players in the medical education market are actively working to expand the reach of their services through acquisitions, mergers, collaborations, and other strategies.

For instance

• Clinical Education Alliance (CEA), in July 2022, acquired Rockpointe Corporation, which is a provider of accredited services in education programs. The acquisition will support CEA’s focus on providing services in high-science therapeutics while enabling an expansion of primary care education.
• Elsevier, in November 2021, acquired Osmosis, which is a platform offering services for healthcare professionals.

Fact.MR provides detailed information about the price points of leading medical education solution providers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Medical Education Market Research

• By Delivery Method:

  • Internet-based Enduring Materials
  • Courses
  • Regulatory Schedules Series & Other Enduring Materials

• By Mode of Training:

  • On-campus
  • Online
  • Distance

• By Type of Training:

  • Cardiothoracic
  • Neurology
  • Orthopedic
  • Oral & Maxillofacial
  • Pediatric
  • Radiology
  • Laboratory
  • Others

• By Type of Organization:

  • School of Medicine
  • Publishing or Education Companies
  • Government/Military/Organizations
  • Insurance Companies
  • Hospitals
  • Non-profit Organizations
  • Others

• By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA