+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2016-08-08Number of Pages: 80

Medical Education Market (Type of Training - Cardiothoracic, Neurology, Orthopedic, Oral and Maxillofacial, Pediatric, Radiology, Laboratory; Mode of Education - On-campus, Distance, Online) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Medical Education Market: Snapshot

The medical education market is set to boom in the near future thanks to major advances made in the field of medical science, the surging incidence of chronic illnesses, increased incidences of various types of cancer, technological innovations, and the frequent introduction of new courses. The online learning space has grown manifold, especially in developed countries, owing to the growth of the online education market, the increased preference of updated and diverse courses, the development of new start-ups, and higher internet penetration.

Transparency Market Research predicts that the global medical education market is poised to expand at a 4.3% CAGR during the forecast period, rising from a value of US$25.9 bn in 2015 to US$38.4 bn by 2024.

Rising Incidence of Cardiovascular Diseases Spurs Cardiothoracic Education and Training

Medical education includes training in a number of disciplines, including cardiothoracic, neurology, orthopedic, oral and maxillofacial, pediatric, radiology, and laboratory. The cardiothoracic training segment led the medical education market in 2015 by revenue, driven by the rising incidence of cardiovascular diseases, especially coronary blockages. The effectiveness of cardiothoracic training in treating these diseases and curbing side effects such as thrombosis and restenosis associated with a percutaneous coronary intervention (PCI) has also fueled the growth of this segment. Other factors that drive the cardiothoracic training segment are the effective management of heart diseases, rising awareness among patients, and increased medical needs such as surgeries and diagnosis. The radiology training segment is likely to expand at the highest CAGR during the forecast period

global-medical-education-market

Technological Innovations and Upgrades Driving Medical Education in North America and Europe

Geographically, the medical education market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.

North America was the leading market for medical education in 2015, followed by Europe. Being a well-established region in terms of medical education and healthcare, North America is likely to retain its dominant share throughout the forecast period. The medical education market offers immense growth potential in this region due to timely technological upgrades, increased awareness among patients, and the continuous evolution of information technology.

The growth of the medical education market in Europe is attributed to technological innovations, the consistent introduction of new courses, and increasing healthcare expenditure. In addition, the increased implementation of picture archiving and communication systems (PACS) and stable healthcare education policies widens the scope for growth and acceptance of medical education in this region.

Asia Pacific has been witnessing increased adoption of online training for medical education. Rapidly evolving healthcare infrastructure, the rising number of researchers in the medical field, several initiatives taken by government organizations to provide scholarships and economic relief to medical students, and the presence of a large pool of patients suffering from various types of cancers and cardiovascular diseases in countries such as India and China are some of the key factors driving the medical education market in Asia Pacific.

Apollo Hospitals, TACT Academy for Clinical Training, Zimmer Biomet Holdings, Inc. (Zimmer Institute), Olympus Corporation, Gundersen Health System, GE Healthcare, and Medical Training College are some of the leading players in the global medical education market. 

1. Introduction
     1.1. Report Scope
     1.2. Assumptions
     1.3. Market Segmentation 

2. Executive Summary
     2.1 Global Medical Education Market Share, by Geography, (Value %), 2015 and 2024
     2.2 Global Medical Education Market, by Type of Training (Value %), 2015 and 2024
     2.3 Global Medical Education Market, by Mode of Education, Value (%), 2015 and 2024
     2.4 Global Medical Education Market Snapshot

3. Market Overview
     3.1. Market dynamics
            3.2.1 Drivers
                   3.2.1.1 Increased preference for online education
                   3.2.1.2 Increasing prevalence of lifestyle-induced illnesses
            3.2.2 Restraints
                   3.2.2.1 High fee structure for classroom/On-campus training
                   3.2.2.2 Decreased preference for distance education
            3.2.3 Opportunities
                   3.2.3.1 Emerging e-learning markets in developing countries 
     3.2. Market Attractiveness Analysis

4 Market Segmentation - By Type of Training
     4.1. Global Medical Education Market, by Type of Training, (US$ Mn), 2014–2024
     4.2. Global Cardiothoracic Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.3. Global Neurology Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.4. Global Orthopedic Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.5. Global Oral and Maxillofacial Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.6. Global Pediatric Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.7. Global Radiology Training Market Revenue and Forecast, (US$ Mn), 2014–2024
     4.8. Global Laboratory Training Market Revenue and Forecast, (US$ Mn), 2014–2024

5. Market Segmentation - By Mode of Education
     5.1. Global Medical Education Market, by Mode of Education, (US$ Mn), 2014–2024
     5.2. Global On-campus Training Market Revenue and Forecast (US$ Mn), 2014–2024
     5.3. Global Distance Training Market Revenue and Forecast (US$ Mn), 2014–2024
     5.4. Global Online Training Market Revenue and Forecast (US$ Mn), 2014–2024

6. Market Segmentation - By Geography
     6.1. Global Medical Education Market, by Geography, (US$ Mn), 2014–2024
     6.2. North America Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
            6.2.1. U.S
            6.2.2. Canada
     6.3. North America Medical Education Market, by Type of Training (US$ Mn), 2014–2024
            6.3.1. Cardiothoracic
            6.3.2. Neurology
            6.3.3. Orthopedic
            6.3.4. Oral and Maxillofacial
            6.3.5. Pediatric
            6.3.6. Radiology
            6.3.7. Laboratory
     6.4. North America Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
            6.4.1. On-campus
            6.4.2. Distance
            6.4.3. Online
     6.5. Europe Medical Education Market, by Country (US$ Mn), 2014–2024
            6.5.1. U.K.
            6.5.2. Germany
            6.5.3. Rest of Europe
     6.6. Europe Medical Education Market, by Mode of Training (US$ Mn), 2014–2024
            6.6.1. Cardiothoracic
            6.6.2. Neurology
            6.6.3. Orthopedic
            6.6.4. Oral and Maxillofacial
            6.6.5. Pediatric
            6.6.6. Radiology
            6.6.7. Laboratory
     6.7. Europe Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
            6.7.1. On-campus
            6.7.2. Distance
            6.7.3. Online
     6.8. Asia Pacific Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
            6.8.1. China 
            6.8.2. Japan
            6.8.3. India
            6.8.4. Rest of APAC
     6.9. Asia Pacific Medical Education Market, by Type of Training (US$ Mn), 2014–2024
            6.9.1. Cardiothoracic
            6.9.2. Neurology
            6.9.3. Orthopedic
            6.9.4. Oral and Maxillofacial
            6.9.5. Pediatric
            6.9.6. Radiology
            6.9.7. Laboratory
     6.10. Asia Pacific Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
            6.10.1. On-campus
            6.10.2. Distance
            6.10.3. Online
     6.11. Rest of the World (RoW) Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
            6.11.1. Brazil 
            6.11.2. South Africa
            6.11.3. Rest of Rest of the World
     6.12. Rest of the World (RoW) Medical Education Market, by Type of Training (US$ Mn), 2014–2024
            6.12.1. Cardiothoracic
            6.12.2. Neurology
            6.12.3. Orthopedic
            6.12.4. Oral and Maxillofacial
            6.12.5. Pediatric
            6.12.6. Radiology
            6.12.7. Laboratory
     6.13. Rest of the World (RoW) Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
            6.13.1. On-campus
            6.13.2. Distance
            6.13.3. Online

7. Recommendations

8. Company Profiles
     8.1. Apollo Hospitals
            8.1.1. Company Details
            8.1.2. Business Overview
            8.1.3. Course Portfolio
            8.1.4. Financial Overview
            8.1.5. Strategies
            8.1.6. Recent Developments
     8.2. GE Healthcare
            8.2.1. Company Details
            8.2.2. Business Overview
            8.2.3. Course Portfolio
            8.2.4. Financial Overview
            8.2.5. Strategies
            8.2.6. Recent Developments
     8.3. Gundersen Health System
            8.3.1. Company Details
            8.3.2. Business Overview
            8.3.3. Course Portfolio
            8.3.4. Financial Overview
            8.3.5. Strategies
            8.3.6. Recent Developments
     8.4. Medical Training College
            8.4.1 Company Details
            8.4.2 Business Overview
            8.4.3 Course Portfolio
     8.5 Olympus Corporation
            8.5.1 Company Details
            8.5.2 Business Overview
            8.5.3 Course Portfolio
            8.5.4 Financial Overview
            8.5.5 Acquisition
            8.5.6 Recent Developments
     8.6 TACT Academy for Clinical Training
            8.6.1 Company Details
            8.6.2 Business Overview
            8.6.3 Course Portfolio
            8.6.4 Recent Developments
     8.7 Zimmer Biomet Holdings, Inc. (Zimmer Institute)
            8.7.1 Company Details
            8.7.2 Business Overview
            8.7.3 Course Portfolio
            8.7.4 Financial Overview
            8.7.5 Acquisition
            8.7.6 Recent Developments

List of Figures

Figure: 1 Global Medical Education Market Share, by Geography, (Value %), 2015
Figure: 2 Global Medical Education Market Share, by Geography, (Value %), 2024
Figure: 3 Global Medical Education Market, by Type of Training Value %), 2015
Figure: 4 Global Medical Education Market, by Type of Training Value %), 2024
Figure: 5 Global Medical Education Market, by Mode of Education, Value (%), 2015
Figure: 6 Global Medical Education Market, by Mode of Education, Value (%), 2024
Figure: 7 Market Attractiveness Analysis: Global Medical Education Market, by Geography, 2015
Figure: 8 Global Cardiothoracic Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 9 Global Neurology Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 10 Global Orthopedic Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 11 Global Oral and Maxillofacial Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 12 Global Pediatric Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 13 Global Radiology Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 14 Global Laboratory Training Market Revenue and Forecast, (US$ Mn), 2014–2024
Figure: 15 Global On-campus Training Market Revenue and Forecast (US$ Mn), 2014–2024
Figure: 16 Global Distance Training Market Revenue and Forecast (US$ Mn), 2014–2024
Figure: 17 Global Online Training Market Revenue and Forecast (US$ Mn), 2014–2024
Figure: 18 Apollo Hospitals: Financial Overview (US$ Mn), 2013–2015
Figure: 19 GE Healthcare Institute: Financial Overview (US$ Mn), 2013–2015
Figure: 20 Gundersen Health System: Financial Overview (US$ Mn), 2012–2014
Figure: 21 Olympus Corporation: Financial Overview (US$ Mn), 2013–2015
Figure: 22 Zimmer Biomet Holdings, Inc. (Zimmer Institute): Financial Overview (US$ Mn), 2013–2015

List of Tables

Table: 1 Global Medical Education Market, Snapshot
Table: 2 Global Medical Education Market, by Type of Training, (US$ Mn), 2014–2024
Table: 3 Global Medical Education Market, by Mode of Education, (US$ Mn), 2014–2024
Table: 4 Global Medical Education Market, by Geography, (US$ Mn), 2014–2024
Table: 5 North America Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
Table: 6 North America Medical Education Market, by Type of Training (US$ Mn), 2014–2024
Table: 7 North America Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
Table: 8 Europe Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
Table: 9 Europe Medical Education Market, by Type of Training (US$ Mn), 2014–2024
Table: 10 Europe Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
Table: 11 Asia Pacific Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
Table: 12 Asia Pacific Medical Education Market, by Type of Training (US$ Mn), 2014–2024
Table: 13 Asia Pacific Medical Education Market, by Mode of Education (US$ Mn), 2014–2024
Table: 14 Rest of the World (RoW) Medical Education Market Revenue, by Country (US$ Mn) 2014–2024
Table: 15 Rest of the World (RoW) Medical Education Market, by Type of Training (US$ Mn), 2014–2024
Table: 16 Rest of the World (RoW) Medical Education Market, by Mode of Education (US$ Mn), 2014–2024

Global Medical Education Market: Overview

Healthcare has always ranked among the most profitable sectors due to extensive budget offered by the consumers and favorable policies by the governments. Naturally, there has always been a consistent demand for professionals who can perform the complicated tasks in the healthcare industry. Consequently, the demand in the global market for medical education is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.

This report on global medical education market segments it into definitive categories in order to present a clear picture of the opportunities available and also provides an in-depth analysis of the trends, recent developments, and outlook. The overview section of the report includes market dynamics such as drivers and restraints and estimates the eventual impact during the forecast period. The chapter on market attractiveness has been included in order to explain the intensity of competition between the leading players operating in across the globe.

Global Medical Education Market: Trends and Opportunities

Increased preference for online education is the primary driver in this market. Rising demand for e-book, online assessment, and testing, as well as the desire for interactive media for better education are predicted to lead the growth of the market. The Internet is an essential source of animation, audio and video files, articles, and books that can better promote the market. The Increasing prevalence of lifestyle-induced illnesses is another factor augmenting the demand. The diseases such as obesity, hypertension, and orthopedic problems have increased the need for primary care providers. Physicians are at the forefront of this area, and would serve best to the well-being of the people. The severe shortage of primary care will create better opportunities and consequently growth of the medical education market is expected to be observed.

Conversely, high fee structure for classroom or on-campus training is viewed as a factor that will hinder the growth rate during the forecast period. On-campus training or classroom courses are high on tuition fees, which restricts several candidates to scholarships or loan. Also, decreased preference for distance education will restrict the growth rate. Since the field requires practical knowledge, and experience is of immense importance, learning at a distance is not considered.

The global medical education market has been broadly segmented based on type of training into cardiothoracic, neurology, oral and maxillofacial, orthopedic, pediatric, radiology, and laboratory. By the mode of education, the market is divided into on-campus training, online training, and distance training.

Global Medical Education Market: Region-wise Outlook

Asia Pacific is the most lucrative market for medical education owing to a huge student population as well as positive economic development in countries such as India, China, and Japan. These countries are home to large populations and high unmet medical needs. Economic development and government initiatives have trigged a rise in the disposable incomes and awareness levels of consumers in these countries and have opened up new avenues of growth for medical education market. On the other hand, North America and Europe are not as untapped market as Asia Pacific.

Companies mentioned in the research report

Some of the key players identified by the report that are currently active in the global medical education market report are Apollo Hospitals, Gundersen Health System, Medical Training College, GE Healthcare, Olympus Corporation, Zimmer Biomet Holdings, Inc. (Zimmer Institute), and TACT Academy for Clinical Training. TACT Academy for Clinical Training is a recently founded company, which holds immense scope of growth through its course collaborations and offerings.

Key Segments of the Global Medical Education Market

Global Medical Education Market, by Type of Training

  • Cardiothoracic
  • Neurology
  • Orthopedic
  • Oral and Maxillofacial
  • Pediatric
  • Radiology
  • Laboratory

Global Medical Education Market, by Mode of Education

  • On-campus
  • Distance
  • Online

Global Medical Education Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • South Africa
    • Rest of Rest of the World

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
Back To Top