Surge In Advancements in Healthcare Infrastructure And Increased Investments In Medical Education Are Expected To Push Market Valuation To Reach US $ 44 Billion By 2027-End
Fact.MR – A Market Research and Competitive Intelligence Provider: The global medical education market is expected to witness a CAGR of 4.2% during the forecast period (2022-2027) and is also predicted to reach US $ 44 Billion by 2027 end.
Surge in advancements in healthcare infrastructure has boosted investments in medical education. Moreover, the number of medical schools has been increasing, especially in developing economies.
In addition to this, Covid-19 pandemic has amplified the growth of medical education, particularly online courses. In the last few years, governments across the globe have been imposing strict social distancing measures and this has ultimately led online education gain more traction. Emergence of digitization and advanced technologies in education sector has enabled medical experts and professors to schedule online classes. Moreover, pandemic has also helped scientific institutes to conduct further research on potential vaccines and drugs to treat Covid. This is ultimately expected to boost the growth of the medical education market.
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Besides this, digital games are offering tools that offer challenging stimulating environments and are often used for online medical operations. These games help surgeons improve eye coordination and reflex time.
In addition to this, key players in the market that are making significant investments are expected to offer revenue growth opportunities in the future. Surge in adoption of online courses is expected to boost the growth of the market during forecast period.
Besides this, rapid adoption of upgraded educational frameworks in various developed regions is expected to support the growth of the market. Moreover, shift to competency-based medical education is also witnessed in the last few years.
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Medical education market is highly competitive and it comprises of large number of local, regional, national and international players. High competition in the market has pushed global pharmaceutical and biotech companies, big hospitals to provide financial aid to facilitate the completion of medical education of students. For instance,
Market is fragmented in nature and key players in the market are Apollo Hospitals, Gundersen Health System, Zimmer Bimet Holdings, Inc., GE Healthcare, The John Hopkins University, and American College of Radiology.
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Fact.MR, in its new offering, presents an unbiased analysis of the global Medical Education Market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis Mode of Training (On-campus, Distance), By Types of Training (Cardiothoracic, Neurology, Orthopedic, Oral and Maxillofacial, Pediatric & Radiology Training), By Type of Organization, By Delivery Method, By Region - Global Insights 2030
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