Global Healthcare Education Solutions Market Size, Trends & Analysis - Forecasts to 2026 By Provider (Universities and Academic Centers, Medical Simulation,Continuing Medical Education Providers, Learning Management Systems,OEMs/Pharmaceutical Companies,Educational Platforms ) By Delivery Mode (Classroom Based Courses, E-Learning Solutions), By Application(Academic Education, Cardiology, Neurology, Radiology, Interna Medicine, Pediatrics), By End-User (Students, Physicians, Non -Physicians), By Region (North America, Asia Pacific, Europe, Central & South America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Healthcare Education Market Insights
The healthcare sector is constantly challenged by the innovation in medical technologies, penetration of software to ease workflow, and the rising multitude of chronic diseases. The importance of studying on the job and attaining education on the new format and issues has been celebrated across universities and medical centers.
Healthcare education is a dynamic area and needs constant attention from industry players. Healthcare education pertains to the mental, physical and emotional areas of studies. The skewness of the sector has always been towards physical healthcare education and less to mental and emotional studies. The world needs more awareness of the implications of chronic diseases, mental illness, and drug abuse during pregnancy.
As per the WHO estimates, mental health education is still limited as there is a lack of recognition for the mental disorder or disability. In 2017, WHO supported the nation’s efforts to promote awareness of mental health at the workplace and suicide prevention through the ‘Let’s talk’ program. The lack of subtle awareness regarding chronic diseases is widely visible in American Society causing an enormous death rate.Mental health apps are changing the dimensions of mental health education.
The market space is also being influenced by technologies like AI and robots.Robots are being exploited in the industry to teach medical staff and students. Moving towards the digital revolution, the healthcare education solution space has been transformed by podcasts that help individuals easily transition from a school/university environment to a clinical space.
This education space is also transformed by the programs and projects undertaken by medical communities. Greater New York Hospital Association and United Healthcare Workers East are working together to represent healthcare workers and other medical communities.
The sector was challenged immensely by the onset of COVID-19 which led organizations to conduct studies and put out new guidelines to educate the masses.
To better understand the dynamics of the healthcare eductions solutions, countries come together to hostconferences on the topics needing utmost attention. Some of the upcoming conferences in 2021 are categorized under mental health, herbal healthcare, and data analytics in healthcare.
The trend of startups in the healthcare educationfield has and will continue to shape the market’s growth potential. With the support of Apollo Group,Medvarsity(ed-tech startup) is aiming to build skillsets in the healthcare domain.Other startups that are changing the face of medical education areAmboss, Firsthand, Figure 1, and Touch Surgery among others.
Startups are receiving wide recognition in the space for healthcare education and the funding in healthcare startups surged to $80.6 billion. Another startup that raised the bar in healthcare education is MFine which in January 2021 raised$16 million.
The need of the hour is to increase the investment in healthcare and its education. Patients don’t receive a full medical checkupfor fearas they would be diagnosed with life-altering diseases. Education would change the way healthcare solution is perceived and investments from private players as well as the government would be welcomed in this market space.
Healthcare EducationMarket: By Provider
Universities and academic institutes will be at the heart of healthcare education adding value to the market. The greater demand for doctors, mental health professionals, and nurses across the globe will have a great bearing on the segment’s growth. It would push the communities to hire more medical educators and to open more universities centered on healthcare.
The medical simulation would have a rising trend owing to the value added by companies engaging in medical simulation. Medical simulation is the provision of training on the job which leads to a better understanding of subjects and matter. Companies like Medical-X and CAE Healthcare are companies catering to the medical simulation.
Healthcare Education Market: By Delivery Mode
Classroom-based courses would remain as the dominating space as it enables personalized guidance and a better understanding of the subject matter. The segment offers a chance for debates and long discussions, enhanced practice sessions, and a mode of engaging in personal relationships.
But as the world constantly transforms, the need for online learning solutions became a necessity in 2020 addressing the pandemic challenges.E-learning can become a standard provided the penetration of 5G and smartphone at a rapid rate.
Healthcare EducationMarket: By Application
Education on cardiology is widely gaining attention as the number of people dying from cardiovascular diseases is high in the American communities. The field is also transformed by the efforts of doctors to launch apps to better teach patients about cardiovascular conditions. One such app is Cardio-Visual helping patients to learn about devices and procedures used. The Wellness Network is another platform providing education on strokes, heart failure to better equip their patients. The platform works in association with the American Heart Association.
The need for education in radiology is given a push as very few patients are given education before radiology exams or imaging. This calls for institutes and hospitals to conduct rigorous training for the patients.
Healthcare EducationMarket: By End User
Physicians would benefit much fromhealthcare education and have the largest end-user base in this domain. Physicians can add meaning to healthcare education through their incorporation of precautionary measures while educating patients. Examples of interventions by physicians have long transformed the education space and such services are on the rise in pre-care.
To fulfill the demand of doctors and nurses, education solutions for students would have a rapid growth potential leading to a better course structure and design of classrooms.
Healthcare EducationMarket: By Region
North Americawould be showcasing a dominating space as its increasing efforts to deliver better healthcare education, rising collaboration among healthcare professionals, and high prevalence of chronic disease and itslack of knowledge in the region.
Asia Pacific’s effort to acknowledge mental illness and provide certificate programs in healthcare education will have a rising trend for this market in the region.
Market Share and Competitive Analysis
Vivo Healthcare, CAE Healthcare, Wellness Network, Limbs, and Things, Simulab Corporation,Surgical Science AB, Simulaids, Simbionix, Medical-X, Education Management Solutions,Mentics,Rockpointe Corporation, Health Education England, John Hopkins Hospital,and Medvarsity among others are key players in this market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Healthcare Education Solutions Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Healthcare Education Solutions Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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