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Report Overview
The global medical education market was valued at USD 43.89 billion in 2023. The market is further projcted to grow at a CAGR of 5.5% between 2024 and 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.*
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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.
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