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Global Medical Education Market Size, Share, Research: By Delivery Mode: Classroom-Based Course, Distance, Online, Others; By Training: Cardiothoracic, Neurology, Orthopaedic, Oral and Maxillofacial, Paediatric, Radiology, Laboratory, Others; By End Use: School of Medicine, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Medical Education Market Size
The global medical education market was valued at USD 43.89 billion in 2023. The market is further projected to grow at a CAGR of 5.5% between 2024 and 2032.
Key Takeaways
- In India, the number of medical colleges rose from 387 in 2014 to 704 in 2023, valued at an 82% increase.
- In 2022, there were an estimated 2,370 cardiologists employed in the United States.
- New York had the highest number of cardiologists in 2022.
Medical education is the process of training and developing health professionals who can provide quality care and services to patients and communities. Medical education encompasses various levels of education, from undergraduate to postgraduate, and covers different fields of medicine, such as general practice, surgery, paediatrics, and psychiatry.
Some of the factors that influence the demand of medical education are population growth, growing ageing demographics, high disease burden, health system and education reformation, and technological innovations in the field of medicine. The medical education market growth is driven by the increasing demand for health professionals, especially in developing regions, the rising prevalence of chronic and infectious diseases, the growing adoption of online and hybrid learning modes, and the expansion of medical schools and universities.
Medical Education Market Report Snapshots
Medical Education Market Trends
Medical Education Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Medical Education Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Education Historical Market (2018-2023)
8.3 Global Medical Education Market Forecast (2024-2032)
8.4 Global Medical Education Market by Delivery Mode
8.4.1 Classroom-Based Course
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Distance
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Online
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Medical Education Market by Training
8.5.1 Cardiothoracic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Neurology
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Orthopaedic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Oral and Maxillofacial
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Paediatric
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Radiology
8.5.6.2 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Laboratory
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Medical Education Market by End Use
8.6.1 School of Medicine
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Government/Military Organisations
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Hospital
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Insurance & Company
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Non-Profit Organisation
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Publishing or Education Company
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Medical Education Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Medical Education Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Medical Education Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Medical Education Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Medical Education Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Medical Education Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Harvard Medical School
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 University of Oxford
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 University of Cambridge
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Stanford Medicine
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Gundersen Health System
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Koninklijke Philips N.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Siemens Healthcare Private Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Zimmer Pvt. Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Olympus America
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Medical Education Market: Key Industry Highlights, 2018 and 2032
2. Global Medical Education Historical Market: Breakup by Delivery Mode(USD Million), 2018-2023
3. Global Medical Education Market Forecast: Breakup by Delivery Mode (USD Million), 2024-2032
4. Global Medical Education Historical Market: Breakup by Training (USD Million), 2018-2023
5. Global Medical Education Market Forecast: Breakup by Training (USD Million), 2024-2032
6. Global Medical Education Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Medical Education Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Medical Education Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Medical Education Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Medical Education Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Medical Education Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Medical Education Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Medical Education Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Medical Education Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Medical Education Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Medical Education Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Medical Education Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Medical Education Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Medical Education Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Medical Education Market Structure
Key Questions Answered in the Report
In 2023, the medical education market reached an approximate value of USD 43.89 billion.
The market is expected to grow at a CAGR of 5.5% between 2024 and 2032.
Medical education refers to the course of study for individuals seeking to become physicians. Medical education is essential for physicians to maintain and upgrade their knowledge and skills, improve patient care, reduce medical errors, and ensure better health outcomes.
The market is expected to grow due to several factors, including the growing need for online learning, increasing digitalisation, the spread of advanced technology and artificial intelligence (AI), and the rise in the number of medical schools.
The introduction of novel teaching techniques, such as evidence-based medicine (EBM), problem-based learning (PBL), practical-based approaches, and patient engagement and training to advance medical knowledge, is one of the key trends supporting market expansion.
The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Classroom-based course, distance, and online, among others are the different delivery modes in the market.
Cardiothoracic, neurology, orthopaedic, oral, and maxillofacial, paediatric, radiology, and laboratory, among others are the leading training categories in the market.
Medical education finds extensive end-uses in school of medicine, government/military organisations, hospital, insurance and company, non-profit organisation, and publishing or education company, among others.
Key players in the market are Harvard Medical School, University of Oxford, University of Cambridge, Stanford Medicine, Gundersen Health System, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Zimmer Pvt. Ltd., and Olympus America, among others.
Analyst Review
The global medical education market attained a value of USD 43.89 billion in 2023, driven by theintroduction of innovative teaching methods such as practical based approaches and evidence-based medicine (EBM). Aided by the growing technological advancements and increased demand for online learning, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its delivery modes, the global medical education industry can be segmented into classroom-based course, distance, and online, among others. By training, the various categories are cardiothoracic, neurology, orthopaedic, oral, and maxillofacial, paediatric, radiology, and laboratory, among others. On the basis of end-use, school of medicine, government/military organisations, hospital, insurance and company, non-profit organisation, and publishing or education company, among others are the various classifications. The major regional markets for the global medical education industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The key players in the above market include Harvard Medical School, University of Oxford, University of Cambridge, Stanford Medicine, Gundersen Health System, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Zimmer Pvt. Ltd., and Olympus America, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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