Healthcare Education Solutions Market to grow at a CAGR of 8.53% from 2021 to 2026, Driven by the need to address challenges in the healthcare industry through effective medical training - Technavio
NEW YORK, March 30, 2023 /PRNewswire/ -- The global healthcare education solutions market size is estimated to grow by USD 6.57 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 8.53% during the forecast period. Factors such as the need to address challenges in the healthcare industry through effective medical training, widespread adoption of m-learning, and evolved learning and education landscape will drive market growth during the forecast period. A major driver fueling growth in the healthcare education solutions market is the need to address challenges in the healthcare industry through effective medical training. Due to the changing technologies in the global healthcare industry, physicians are required to be well-versed with new methodologies in patient care for improved decision-making. The skills of medical professionals usually have a direct impact on patients' health. Hence, proper education and training of medical professionals are essential. Because of the increasing incidence of infectious and chronic diseases, healthcare practitioners (HCPs) must have information that is disease-oriented and aligned with patient needs and global healthcare trends. Hence, healthcare education solutions are required to assist HCPs in improving their competency, addressing healthcare gaps in specific segments of the global healthcare industry, and translating innovations into practice for improving the overall quality of patient care.
Healthcare Education Solutions Market – Market Dynamics
Key challenges -
The high costs for developing e-learning content will be a prominent challenge for the healthcare education solutions market during the forecast period. A significant amount of time, money, and resources need to be associated with developing content for e-learning courses. The development of moderately interactive e-learning content takes about 90-240 hours, costing medical education course developers approximately USD 10,000 per produced hour on average. The cost of developing online courses increases with the complexity of the content, especially in medical education. The key factors resulting in high content development costs for e-learning courses include source content, elements embedded in the learning content, and the level of interaction and instructional complexity involved. Online medical course development involves subject matter experts, an instructional design team, a project management team, and technical staff specialists. These professional roles are active in the three different stages of developing an online medical course and lead to high variable costs. Hence, regular updates on the existing online medical courses with additional information and training models further increase the cost of developing online medical courses and may hamper the growth of the market during the forecast period.
Healthcare education solutions market - Geographical Analysis
North America is estimated to account for 32% of the global healthcare education solutions market growth during the forecast period. The US and Canada are the key markets for healthcare education solutions in the region. Market growth in this region will be slower than the growth of the market in other regions. The presence of an advanced and matured healthcare industry, specifically in developed countries, facilitates the healthcare education solutions market growth in North America during the forecast period.
Healthcare education solutions market insights -
Vendors: 15+, Including 3M Corp, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Bruker Corp., Canon Inc., Cardinal Health Inc., Erbe Elektromedizin GmbH, FUJIFILM Holdings Corp., General Electric Co., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Olympus Corp., PerkinElmer Inc., Sectra AB, Siemens AG, Smith and Nephew plc, Stryker Corp., Thermo Fisher Scientific Inc., and Zimmer Biomet Holdings Inc. among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Delivery (Classroom-based and e-learning and geography (North America, Europe, APAC, Middle East and Africa, and South America)
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Healthcare education solutions market - Vendor Insights
The rising adoption of smart devices among students has influenced the growth of online medical education, thereby promoting distance learning. Vendors operating in different regions attract international students by offering distance-learning programs in medicine. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -
B. Braun SE - The company offers healthcare education solutions such as evidence-based, best practice, product training, clinical education, clinical consulting services, and collaborative medical education outcomes research.
Becton Dickinson and Co. - The company offers healthcare education solutions such as training programs that comprehensively and seamlessly support healthcare providers across care areas.
General Electric Co. - The company offers healthcare education solutions such as product training, industry education, and rigorous certification programs to meet the needs of customers.
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The healthcare education solutions market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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What are the key data covered in this Healthcare Education Solutions Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the healthcare education solutions market between 2022 and 2026
Precise estimation of the size of the healthcare education solutions market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the healthcare education solutions market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of healthcare education solutions market vendors
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Healthcare Education Solutions Market Scope | |
Report Coverage | Details |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 8.53% |
Market growth 2022-2026 | USD 6.57 billion |
Market structure | Fragmented |
YoY growth of 2021-2022 (%) | 8.25 |
Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution | North America at 32% |
Key countries | US, Canada, Japan, Germany, and UK |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | 3M Corp, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Bruker Corp., Canon Inc., Cardinal Health Inc., Erbe Elektromedizin GmbH, FUJIFILM Holdings Corp., General Electric Co., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Olympus Corp., PerkinElmer Inc., Sectra AB, Siemens AG, Smith and Nephew plc, Stryker Corp., Thermo Fisher Scientific Inc., and Zimmer Biomet Holdings Inc. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Delivery
5.1 Market segments
5.2 Comparison by Delivery
5.3 Classroom based - Market size and forecast 2021-2026
5.4 E-learning - Market size and forecast 2021-2026
5.5 Market opportunity by Delivery
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 Canada - Market size and forecast 2021-2026
7.10 Japan - Market size and forecast 2021-2026
7.11 Germany - Market size and forecast 2021-2026
7.12 UK - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 3M Corp
10.4 B. Braun SE
10.5 Becton Dickinson and Co.
10.6 General Electric Co.
10.7 Johnson and Johnson
10.8 Koninklijke Philips NV
10.9 Siemens AG
10.10 Smith and Nephew plc
10.11 Thermo Fisher Scientific Inc.
10.12 Zimmer Biomet Holdings Inc.
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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