NEW
YORK, July 19, 2024 /PRNewswire/ -- The
global healthcare education solutions market size is estimated to
grow by USD 7.31 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 10.87% during the forecast period. Need to
address challenges in the healthcare industry through effective
medical training is driving market growth, with a trend
towards growing popularity of cme programs. However, high
costs for developing e-learning content poses a challenge.
Key market players include 3M Co.,
B.Braun SE, Becton Dickinson and
Co., Boston Scientific Corp., Bruker Corp., Canon Inc., Erbe
Elektromedizin GmbH, FUJIFILM Corp., General Electric Co., Johnson
and Johnson Services Inc., Koninklijke Philips N.V., Medtronic Plc,
Olympus Corp., Perkin Elmer Inc., Sectra AB, Siemens AG, Smith and
Nephew plc, Stryker Corp., Thermo Fisher Scientific Inc., and
Zimmer Biomet Holdings Inc..
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Healthcare Education
Solutions Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.87%
|
Market growth
2024-2028
|
USD 7318.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.53
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
37%
|
Key
countries
|
US, Canada, Japan,
Germany, and UK
|
Key companies
profiled
|
3M Co., B.Braun SE,
Becton Dickinson and Co., Boston Scientific Corp., Bruker Corp.,
Canon Inc., Erbe Elektromedizin GmbH, FUJIFILM Corp., General
Electric Co., Johnson and Johnson Services Inc., Koninklijke
Philips N.V., Medtronic Plc, Olympus Corp., Perkin Elmer Inc.,
Sectra AB, Siemens AG, Smith and Nephew plc, Stryker Corp., Thermo
Fisher Scientific Inc., and Zimmer Biomet Holdings Inc.
|
Market Driver
Continuing Medical Education (CME) is a vital component of
healthcare professional development, enabling them to enhance their
competence and stay updated with the latest advancements in their
specialized medical fields. Effective CME programs must align with
Healthcare Professionals (HCPs) requirements, address patients'
needs, and respond to evolving disease patterns and current
healthcare challenges. Digital delivery of CME content optimizes
training processes by catering to HCPs' needs and preferences.
Vendors like Philips and Canon Medical provide industry-accredited,
professionally engaging online CME programs. In India, private players such as Omnicuris,
Medvarsity, and others offer CME courses approved by the Medical
Council of India (MCI), accessible
from home. All medical practitioners under 65 years are mandated to
complete 30 credit hours every five years, while those over 65
years are exempt. Omnasuris, with partnerships with over 12 State
Governments and 10 Medical Councils, offers 209 courses, catering
to busy schedules and budgets. The platform's searchable library of
courses is accessible all year long and adaptable to various
devices for optimal viewing. CME programs, focusing on diagnostic
imaging, are supplemented with extensive learning material and case
studies. These factors will fuel the growth of the global
healthcare education solution market during the forecast
period.
The Healthcare Education Solutions market is experiencing
significant growth, with companies like Trivantis and Edulence
leading the charge. These firms focus on providing online courses
for various healthcare specialties, including cardiology. With the
rise of chronic diseases such as coronary heart disease and
cerebrovascular disease, the demand for cardiovascular disease
education is high. Private players, including hospitals and
healthcare facilities, are investing in eLearning solutions to
train professional nurses and staff. Home health services have also
joined the trend, using online courses to ensure their teams are
up-to-date. The market has seen several acquisitions, such as
eLearning Brothers' acquisition by Trivantis, to expand offerings.
The use of technology, such as Micra AV, in healthcare education is
increasing, making learning more accessible. With travel bans and
business shutdowns, the need for reliable information sources is
crucial. Core product data, attributes, and specifications are
essential for healthcare professionals, requiring good internet
access and smartphones. The market also covers infectious disease
detection, clinical laboratory operations, and SARS-CoV-2 testing.
HealthStream and other providers offer courses on diseases like
tuberculosis and Salmonella bacteria, as well as awareness
programs. Olympus Corporation and other industry leaders contribute
to research articles and studies, ensuring data quality and
accurate information. Overall, the Healthcare Education Solutions
market is vital for keeping healthcare providers informed and
prepared.
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Market Challenges
- Developing online medical e-learning courses involves
significant time, money, and resources. On average, a moderately
interactive course takes between 90 to 240 hours to create, costing
around USD10,000 per hour. Factors
contributing to high development costs include source content,
embedded elements, and interaction complexity. Three distinct
phases in developing an online medical course include: 1.
Consultation with SMEs: Collaborating with professionals like
psycholinguists, lecturers, project managers, and instructional
designers on suitable content for the course incurs additional
costs of up to USD3,000. 2. Designing
lectures and visual content: This phase includes costs for
lecturers, instructional designers, and graphic designers,
amounting to approximately USD7,000.
3. Developing practical assessments: The final phase involves costs
of up to USD1,000. The total cost of
designing an online medical course is approximately USD10,000. Creating an hour-long video for an
online medical course costs around USD18,000. Regular updates to keep up with
technological advancements and changes in medical syllabi further
increase costs, potentially impacting market growth.
- The healthcare education market faces unique challenges in
delivering solutions for chronic diseases like cardiovascular
diseases (CVD), including coronary heart disease and
cerebrovascular disease, as well as heart failure (HF). Private
players like Trivantis and Edulence offer online courses to equip
healthcare professionals with the latest knowledge. However,
challenges persist due to travel bans, business shutdowns, and the
need for data quality from various information sources. Core
product data attributes and specifications must be easily
accessible via internet and smartphones. Infectious disease
detection, clinical laboratory operations, and SARS-CoV-2 testing
are critical areas of focus. Companies like Olympus Corporation and
HealthStream provide valuable resources for nurses, patients, and
hospitals. ELearning Brothers and other providers must adapt to
meet the evolving needs of this market. Data quality and access to
reliable information sources are essential for effective education
in cardiology and other healthcare fields.
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Segment Overview
This healthcare education solutions market report extensively
covers market segmentation by
- Delivery
- 1.1 Classroom-based
- 1.2 E-learning
- End-user
- 2.1 Physician
- 2.2 Non-physician
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Classroom-based- Classroom-based healthcare
education solutions offer essential human interaction and group
learning opportunities for healthcare professionals. Companies like
B. Braun, Becton, Dickinson and Co. (BD), and GE Healthcare provide
such solutions through their training academies. B. Braun's
Aesculap Academy offers medical training, while BD's offerings span
from cell analysis to diabetes care. GE Healthcare Institute trains
healthcare professionals in various care areas across Africa and South-East Asia. However, the inflexible
scheduling of classroom training disrupts the working schedules of
medical staff, particularly those on shifts, leading to an
increasing preference for online learning and growth in the global
healthcare education solution market. Meanwhile, Vermont law mandates a comprehensive
educational program for K-12 students, making school health
programs more effective for modifying health behavior compared to
infrequent health topic presentations. The Vermont Education
Quality Standards require each district to deliver a curriculum
aligned with state-approved standards, enabling students to
demonstrate proficiency in seven content areas, including
health.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
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Research Analysis
The Healthcare Education Solutions market encompasses a range of
offerings designed to enhance the knowledge and skills of
healthcare professionals in various domains. Infectious disease
detection is a critical area where education solutions play a
pivotal role, helping identify diseases like SARS-CoV-2, STIs,
Tuberculosis, and Salmonella bacteria. Clinical laboratory
operations also benefit from these solutions, ensuring efficient
and accurate testing processes. Research articles and studies are
essential resources for keeping up-to-date with the latest
advancements in fields such as cardiology, focusing on
cardiovascular diseases (CVD), including coronary heart disease,
cerebrovascular disease, and heart failure (HF). Private players
and hospitals collaborate to provide online courses on Micra AV,
chronic diseases, and other healthcare-associated infections
(HAIs). Awareness programs are another crucial application,
ensuring that nurses, patients, and healthcare facility staff are
informed about best practices and emerging trends. Companies like
Olympus Corporation, Trivantis, Edulence, and others contribute to
this market by offering innovative educational tools and
resources.
Market Research Overview
The Healthcare Education Solutions market encompasses a range of
offerings designed to enhance the knowledge and skills of
healthcare professionals in various domains. Key areas of focus
include infectious disease detection, clinical laboratory
operations, and SARS-CoV-2 testing. This market also addresses
Sexually Transmitted Infections (STIs), Healthcare-associated
infections (HAIs), and provides access to research articles and
studies. Companies offer solutions for diverse specialties such as
cardiology and cardiovascular diseases (CVD), including online
courses on coronary heart disease, cerebrovascular disease, and
heart failure (HF). Chronic diseases, private players, hospitals,
and healthcare facilities are significant markets for these
solutions. Nurses, patients, and home health services are key
stakeholders. The market is influenced by factors like travel bans,
business shutdowns, acquisitions, and the use of technology like
eLearning Brothers for internet-accessible education. Solutions
must ensure data quality and provide core product data with
accurate attributes and specifications. Smartphones are
increasingly used for accessing healthcare information.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Delivery
-
- Classroom-based
- E-learning
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Email: media@technavio.com
Website: www.technavio.com/
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