Some of the major players in medical education market comprise TACT Academy for Clinical Training, Apollo Hospitals, Olympus America, Zimmer Institute, GE Healthcare, Gundersen Health System, Medical Training College, and others. These players have a lion’s share in the development of medical education market in the years to come.
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As per the analysts at Zion Market Research, global medical education market was capitalized at almost USD 27.17 Billion in 2016 and is likely to create income of almost USD 36.20 Billion by of 2022, developing at a CAGR of almost 4.9% from 2017 to 2022.
Increased Awareness Of Global Health Disparities Paired With Increasing Penetration Of Internet To Boost The Medical Education Market
According to analysts at Zion Market Research, the global medical education market is majorly boosted by the requirement to cure chronic diseases with the lofty worldwide burden. Other major boosting factors are increased awareness of global health disparities paired with increasing penetration of Internet. On the other hand, lack of practical awareness in distance learning paired with high fees for classroom training is the major factors that might hinder the development of the medic education market. Nevertheless, positive economic growth and vast student base coupled with rising investments in healthcare all over the world are expected to reveal the new opportunities in the near future for medical education market. In addition to this, increasing support from the government is also set to foster the development of medical education market. For instance, in June 2016, the Medical Education and Research Department of India declared that medical students must sign Rs. 5–7.5 Lakh bond. This will ensure the completion of their education, thereby boosting the medical education market.
Asia Pacific Likely To Dominate The Medical Education Market In The Near Future
Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regions of global medical education market. North America is likely to stay the dominating region in the near future. Requirement for medical education was uppermost in North America particular in the U.S. Furthermore, Latin America and the Middle East & Africa are also likely to show sensible development in the years to come for medical education market. Asia Pacific is likely to be the reasonable developing area in medical education market in the near future.
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The medical education market is divided based on various kinds of training comprising neurology, cardiothoracic, oral, orthopedic, pediatric, maxillofacial, laboratory, and radiology. The cardiothoracic sector of medical education market is likely to develop at quickest rate in the forecast period. The medical education market is segmented on the basis of mode of education as distance, on-campus, and online. In terms of income, on campus segment ruled the medic education market.
The global medical education market is segmented as follows:
- Oral and Maxillofacial
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa