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Report Overview
The global medical education market was valued at USD 46.30 Billion in 2024. The market is further projcted to grow at a CAGR of 5.50% between 2025 and 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- 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.
Global Medical Education Market Trends
The developing region's rapidly growing population is one of the factors propelling the medical education market growth. For instance, Asia Pacific region has an increased demand for healthcare services, which has resulted in a larger workforce and increased need for healthcare education solutions. Additionally, the rise in enrolments for medical education, the expansion of modern educational frameworks, and the transition to competency-based medical education are contributing to market growth in regions like Europe and North America.
Furthermore, the implementation of narrative medicine and the digitalisation in medical training in countries like Japan, Singapore, and India are emerging trends in medical education. This dynamic landscape is fostering continuous advancements and elevating educational standards, further contributing to medical education market expansion.
Furthermore, digitalisation has played a significant role in unlocking countless possibilities for the medical education market development. The universities are adopting integrated, rather than traditional, discipline-based curriculums, further implementing innovative teaching methods such as practical based approaches, evidence-based medicine (EBM), problem-based learning (PBL), and hands-on interaction and training with patients, to build their medical knowledge.
In the forecast period, medical education through internet platforms is likely to improve as it offers unparalleled access to fresh study methods like the customisation of pace, and interactive learning through videos and audios, which are cost-effective as well. In addition, continuing medical education (CME) offers support for continuous learning, helping medical professionals to address the gaps in their professional practice, which is expected to aid the medical education market growth in future.
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 2024, the medical education market reached an approximate value of USD 46.30 Billion.
The market is expected to grow at a CAGR of 5.50% between 2025 and 2034.
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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