Healthcare Education Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the healthcare education market was valued at USD 106.3 billion in 2022, and a CAGR of 13.5% is anticipated during the forecast period. The geriatric population all over the world is more disease-prone, and they do demand healthcare services to a large extent. There is a greater need for skilled people in the healthcare department. Rising prevalence of chronic diseases, like diabetes, cardiovascular diseases, and obesity, is demanding specialized care from healthcare providers. People who are suffering from chronic diseases for a long time, like cardiovascular diseases and cancer, are especially demanding better care.

According to WHO, the world will face a projected shortfall of 10 million healthcare workers by 2030, spurring investment in healthcare education. The shift towards digital learning platforms enabling remote and flexible education for medical professionals is driving the market towards success. Healthcare education is widely useful in communicating with people or groups of people significantly. Increasing demand for healthcare education to solve the issues of doctors, nurses, and other staff in the hospitals. Increasing number of cardiac and neurology patients are driving growth in the market significantly. Rising healthcare expenditure is driving growth in the market.

Growth Drivers

Global focus on mental health is driving the development of specialized training for psychologists, psychiatrists, counselors, and social workers. Developing countries in Asia-Pacific, North America, and Latin America are investing in healthcare education to build their infrastructure. Young populations in these regions represent a large pool of potential healthcare professionals. Hospitals and healthcare organizations are increasingly investing in upskilling their employees to improve patient outcomes and efficiency. Healthcare providers increasingly emphasize collaborative and interdisciplinary learning models to address complex patient needs effectively.

Increasing popularity of mobile applications and microlearning platforms is becoming popular. The emergence of artificial intelligence has brought a significant change in the market dynamics. Rapid advancements in medical science and technology create new areas of specialization. Governments worldwide are investing in the development of healthcare training institutions to address workforce shortages. Rapid growth in e-learning solutions is driving the demand in the market. Rising healthcare expenditure in the market and increasing awareness about chronic diseases such as cardiovascular diseases are driving growth in the market.

Segmentation

By Delivery Mode

·         E-Learning

·         Class-Room Based Learning

By Application

·         Neurology

·         Radiology

·         Cardiology

·         Internal Medicines

·         Pediatrics

·         Other Application

By End-User

·         Physician

·         Non-Physician

 Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Healthcare Education Market by Application Segmentation

On the basis of the application, the healthcare education market is segmented into neurology, radiology, cardiology, internal medicines, pediatrics, and other applications. The cardiology segment is the leading one and is expected to dominate the market during the forecast period due to the increasing number of cardiac patients worldwide and the increasing demand for special skills required to treat the heart patients cautiously. Innovations in cardiology, such as advanced imaging techniques, are making cardiology the leading segment.

The complexity of cardiac conditions, for example, heart failures, is contributing to the growth of this segment. Increasing emphasis on preventive cardiology and early detection of risk factors like hypertension is driving growth in the market significantly. Artificial intelligence and machine learning are the key drivers in the market. Neurology is another leading segment due to lifestyle imbalance and an increasing number of neurodegenerative disorder patients.

Healthcare Education Market by Delivery Mode Segmentation

On the basis of the delivery mode, the healthcare education is segmented into e-learning and classroom-based learning. E-learning is the leading segment and is expected to dominate the market during the forecast period. During the pandemic, the trend of online classes, e-learning, and online classes for healthcare education began in full flow.

Healthcare providers increasingly emphasize collaborative and interdisciplinary learning models to address complex patient needs effectively. Increasing popularity of mobile applications and microlearning platforms is becoming popular. Online modules are best suited for the interpretation of heart reports, telemedicine training, and remote simulation for cardiovascular procedures. Virtual simulations are also useful and necessary for stroke management and web-based courses.

Regional Outlook

On the basis of the regions, the healthcare education market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is the leading segment in the market due to a rapidly growing population and increasing healthcare demand with urbanization and industrialization in the region. Governments in the emerging economies like India, China, Japan, South Korea, and Singapore are spending more money to get better healthcare facilities. Rising healthcare awareness in the region and people seeking healthcare education are driving growth in the market significantly.

The North America region is expected to dominate during the forecast period because the region has well-established healthcare infrastructure and the presence of key players in the United States, and Canada is the region behind the significant growth in the North American market. Some of the world’s most prestigious medical colleges and institutions are present in North America. The European market is witnessing significant growth due to the presence of big markets like Germany, Italy, the United Kingdom, Spain, Denmark, Russia, and Holland. Most of the countries in Europe have the best healthcare infrastructure, and it requires the skillful staff, nurses, doctors, and other staff. Rising healthcare expenditure and the presence of significant key players are the reasons behind the growth in the market.

The Middle East and Africa, and Latin America are witnessing moderate growth in the market due to less awareness of people about the impact of chronic diseases and poor healthcare infrastructure except in the countries like Egypt, Saudi Arabia, the United Arab Emirates, and South Africa. Cardiology is the leading segment in the market due to the rising number of cardiac patients all over the world and increasing innovative facilities worldwide. The complexity of cardiac conditions, for example, heart failures, is contributing to the growth of this segment. Increasing emphasis on preventive cardiology and early detection of risk factors like hypertension is driving growth in the market significantly.

Key Players

·         Olympus America

·         Canon Medical Systems Corporation

·         Koninklijke Phillips

·         Siemens Healthcare Private Ltd.

·         3M

·         Fujifilm Holding Corporation

·         Medtronic

·         Stryker Corporation

·         Zimmer Biomet

·         Other Players