Medical Education Market to Expand at ~5% CAGR during Forecast Period: TMR Study – QNT Press Release

  • It is envisaged that the delivery of medical education will be improved by multidisciplinary approaches incorporating public reporting, improved efficiency, and informatics
  • Growing demand for interactive media for high-quality education and growing necessity for online evaluation & testing are expected to bolster expansion of the global medical education market

WILMINGTON, Del., Sept. 26, 2022 /PRNewswire/ — As per TMR study, in 2019, the value of global medical education market clocked at US$ 32 Bn. The global market is projected to progress at ~5% CAGR during the forecast period, from 2020 to 2030. By 2030, the medical education market is estimated to touch value of 56.9 Bn. The American Medical Association is becoming more well-known for driving progress in the field of medical education. Both graduate and undergraduate medical education faculties are being rewarded with innovation grant schemes to improve the medical education sector. North America is expected to be the fastest growing market for medical education during the forecast period.

These initiatives are expanding the pool of medical specialists who can adapt to the rapidly changing healthcare landscape. By getting financial support from various healthcare organizations, market participants are increasing their trustworthiness. The market for medical education is expanding as a result of advanced healthcare technologies.

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For digital learners, the Internet’s extensively linked network has proven to be advantageous. Thus, to monetize the idea of ​​online classrooms, businesses in the medical education sector need innovate in online education portals and mobile apps. Online classrooms are estimated to be the largest revenue generator in medical education market. Additionally, the delivery of medical knowledge is changing as a result of collaborative teaching and game-based learning techniques.

Key Findings of Market Report

Leading players in the medical education market are able to diversify their sources of income owing to increasing adoption of cutting-edge technologies and AI, which are expected to be recent developments in medical education market. In order to improve accessibility to biological …

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