According to the report, the global medical education market was valued at ~US$ 32 Bn in 2019 and is projected to expand at a CAGR of ~5% from 2020 to 2030. Medical education is a highly practical field that calls for intense on-job training. The market for distance training is quite small; those attempting to gain certification through distance learning are unlikely to gain complete knowledge. There exists no substitute for on-job practical training for medicine. This is a globally accepted view. The market for distance training is quite small; it is not expected to expand significantly. In terms of the type of training, the global medical education market has been classified into cardiothoracic training, neurology training, orthopedic training, oral & maxillofacial training, pediatric training, radiology training, laboratory training, and others. Based on the mode of training, the global market has been categorized into on-campus, distance, and online. The on-campus segment accounted for the major share of the global medical education market in 2019. The segment is anticipated to expand at a high CAGR during the forecast period, owing to a rise in the demand for medical education across the world. In terms of education providers, the global medical education market has been divided into schools of medicine, government/military organizations, hospitals, insurance & co., non-profit organizations, publishing or education companies, molecular genetic methods, and others. Based on application, the global medical education market has been split into cardiovascular diseases, diabetes, cancer, hypertension, infections, bronchitis, dehydration, sleep disorder, weight management & fitness monitoring, and others. The cardiovascular diseases segment held significant share of the global medical education market in 2019. In terms of delivery method, the global medical education market has been segregated into Internet enduring materials, courses, regularly scheduled series, and other enduring materials. The courses segment held significant share of the global medical education market in 2019.
Medical Education Market: Prominent Regions
North America held the major share of the global medical education market in 2019. The presence of key players and growth strategies adopted by these players are the factors driving the medical education market in the region.
The Asia Pacific accounted for the second-largest share of the global medical education
market in 2019. The growth of the medical education market in the Asia Pacific can be attributed to the well-developed healthcare sector in the region. The medical education market in the Asia Pacific is likely to expand at a rapid pace during the forecast period.
The development of medical education are major factors that are anticipated to fuel the
medical education market in the region
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