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Medical Education Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

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Jun 2021 | 51 Views
 
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COVID-19

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Medical education is education related to the practice of being a medical practitioner, including the initial training to become a physician (i.e., medical school and internship) and additional training thereafter (e.g., residency, fellowship, and continuing medical education). Medical education and training varies considerably across the world. Various teaching methodologies have been used in medical education, which is an active area of educational research. In addition, medical education is the subject-didactic academic field of educating medical doctors at all levels, including entry-level, post-graduate, and continuing medical education. Medical education applies theories of pedagogy specifically in the context of medical education. Specific requirements such as entrustable professional activities must be met before moving on in stages of medical education. 

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered 

  Delivery Mode, Training, End User, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

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

 

COVID-19 scenario analysis 

Pharmaceutical and biotechnological companies together with governments around the globe are working to combat with the COVID-19 outbreak, from supporting the development of vaccines to schedule for medicines supply chain challenges. Furthermore, there are around 115 vaccine candidates and other 155 molecules that are kept in the R&D pipeline in the coming years. Moreover, commonly used drugs such as hydroxychloroquine have seen huge boost in demand for the management of COVID-19. Increase in demand for drugs has been witnessed, which is likely to offer lucrative opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is anticipated to witness a substantial growth in the next few years.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The major factor affecting the industry include introduction of novel collaborative models in medical education and increase in preference for online education and continuing medical education (CME) programs. This would help the industry gain higher revenue in the medical education over forecast period. Furthermore, owing to rise in preference for internet teaching, the medical education market for medical education continues to gain power by boosting the number of learners interested in pursuing medical education, which would help the market achieve traction in the next few years.

Increase in applications of medical education

In recent years, there has been a steep growth in the patient population and diseases have evolved in centuries. There has been increase in the need for appropriate medical education in current scenario. This is attributed to the outbreak of abrupt epidemics and pandemics. These are the class of viral diseases, which were never studied earlier. For instance, COVID-19 is closely related to the SAARs virus, however, the viral genome has changed its genetic material overtime, which made it difficult to find the therapeutics. Thus, all these factors collective are anticipated to boost the current requirement of medical education, which is anticipated to propel the medical education market growth in the next few years.

Surge in number of mergers and acquisitions 

Increase in the number of mergers and acquisitions is anticipated to boost the attention of the population and hence propel the industry growth during the forecast period. For instance, in October 2020, Atrium Health on Friday finalized its acquisition of Wake Forest Baptist Health, creating an expanded 42-hospital health system with a footprint in four states. 

Under the acquisition, first announced in April 2019, Wake Forest Baptist Health and Wake Forest School of Medicine became the academic core of Atrium Health, which will build a medicine school in Charlotte, now the largest city in the nation without a year-year medical school.

Key segments covered

Segments

Sub-segments

  Delivery Mode

  • Classroom-Based Course
  • Distance
  • Online
  • Others

  Training

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

  End User

  • Insurance & Company
  • Non-Profit Organization
  • Publishing or Education Company
  • School of Medicine
  • Government/Military Organizations
  • Hospital
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global medical education industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical education market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical education market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global medical education market research report:

  • Which are the leading players active in the global medical education market?
  • What are the current trends that will influence the medical education market in the next few years?
  • What are the driving factors, restraints, and opportunities of the medical education market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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