Technavio, a tech-focused market research firm, has published a new report on the global medical education market, which is expected to grow at a CAGR of close to 17% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global medical education market into the following key regions: APAC, Europe, North America, and ROW.
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Top three contributors for the global medical education market are elaborated below
Medical education market in North America: The North American medical education market is strong with the most advanced teaching methodologies and solutions available to train medical students. Such advanced technologies make the region home to many leading and reputed medical schools. Therefore, despite high educational costs, students participate in various highly competitive medical entrance examinations to gain admissions in medical universities.
According to Jhansi Mary, a lead analyst at Technavio, specializing in research on K12 and higher education, “The medical education fraternity in North America, largely in the US, is performing notably well with consistent student enrollment growth and quality education practices. Moreover, to make the medical courses more effective, medical educators are expected to create new modules and concentrate on developing programs in specialties such as general pediatrics and family medicine.”
Medical education market in Europe: The medical educational technology market in Europe has various education vendors, such as ALISON, Brightwave, and SIVECO; and start-ups such as Labster that offer innovative technological solutions. They have also included digital solutions, such as virtual and remote laboratories, to capitalize on the increased penetration of the Internet, desktop, broadband, and personal computers. Such innovations enable medical institutions to use a digital classroom environment to upgrade their medical education with the help of virtual lab facilities.
Medical education market in APAC: In APAC, renowned medical schools are increasingly deploying flipped classroom resources to enable the students and healthcare professionals to learn in a self-directed manner. Educational institutions in the APAC countries are broadly integrating lecture videos and lessons available in the form of open educational resources. Video lectures offered by vendors such as Khan Academy are widely incorporated into the course curriculum of institutions resulting in the increased adoption of blended learning and flipped classroom.
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The top vendors operating in the global medical education market are:
- Harvard University
- Oxford University
- Stanford University
- University of California
- Yale University
- John Hopkins University
A more detailed analysis is available in the Technavio market research report titled, ‘Global Medical Education Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global K-12 Online Tutoring Market 2017-2021
- Global Simulation Learning Market in the Higher Education Sector 2016-2020
- Global Digital Education Content Market 2016-2020
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