Medical education market 2022-2026: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- According to Technavio, the global medical education market size is estimated to grow by USD 173.36 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 16.95% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 35% of the growth of the global market during the forecast period. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. For more insights, buy the report!  

Global medical education market - Five forces
The global medical education market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter's five forces model – Request a sample report

Global medical education market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global medical education market - Segmentation assessment

Segment overview
Technavio has segmented the market based on courses (graduate courses, certifications and training, and post-graduate courses) and learning methods (blended learning and online learning). 

• The graduate courses segment will account for a significant share of the global market during the forecast period. To enter the field of medical services, a graduate degree in medical education is the basic qualification required. The growth of the graduate courses segment is attributed to factors such as high student enrollment for graduate courses when compared to other segments.

Geography overview
Based on geography, the global medical education market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global medical education market.

• North America will account for 35% of the market's growth during the forecast period. The US and Canada are the key contributors to the medical education market in the region. Moreover, market growth in this region will be faster than the growth of the market in Europe. The increasing enrollments in distance-learning medical degrees in countries such as the US and Canada will drive the medical education market growth in North America during the forecast period.

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Global medical education market – Market dynamics
Key factor driving market growth

• The number of online medical education programs is driving the market growth.
• Traditional classrooms are being replaced with online training modules.
• Online learning courses include recorded videos and online learning and assessment tools, along with reading materials.
• This enables educators to easily access real-time data on students' progress based on test scores and student activities.
• Therefore, online medical education programs are becoming popular, which is expected to fuel the growth of the market during the forecast period.

Leading trends influencing the market 

• The rise in organic growth is a key trend in the market.
• Medical institutes are introducing new medical courses and platforms to encourage student participation and enrollment.
• Medical schools are employing realistic simulations in their curricula and adopting AR technology for teaching methods.
• Therefore, the launch of new medical courses and the expansion of universities are expected to increase the number of student enrollments.
• This, in turn, will positively influence the growth of the global medical education market during the forecast period.

Major challenges hindering market growth

• The threat from open-source and free educational resources is challenging the market growth.
• Several vendors offer open-source medical courses free of cost for students who cannot afford a paid education.
• Moreover, developing content for e-learning courses requires a significant amount of time, money, and resources.
• Many students often opt for loans to pay for medical courses due to high medical college tuition costs.
• Therefore, the rising cost of medical education, along with the rise in the number of student debts, is expected to impede the growth of the global medical education market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this medical education market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the medical education market between 2022 and 2026
• Precise estimation of the size of the medical education market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the medical education market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Medical Education Market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Learning Method
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Courses
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Learning Method

• 5.1 Market segments 
• Exhibit 25: Chart on Learning Method - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Learning Method - Market share 2021-2026 (%)

• 5.2 Comparison by Learning Method 
• Exhibit 27: Chart on Comparison by Learning Method
• Exhibit 28: Data Table on Comparison by Learning Method

• 5.3 Blended learning - Market size and forecast 2021-2026
• Exhibit 29: Chart on Blended learning - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Blended learning - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Blended learning - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Blended learning - Year-over-year growth 2021-2026 (%)

• 5.4 Online learning - Market size and forecast 2021-2026
• Exhibit 33: Chart on Online learning - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Online learning - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Online learning - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Online learning - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Learning Method 
• Exhibit 37: Market opportunity by Learning Method ($ billion)

6 Market Segmentation by Courses

• 6.1 Market segments 
• Exhibit 38: Chart on Courses - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Courses - Market share 2021-2026 (%)

• 6.2 Comparison by Courses 
• Exhibit 40: Chart on Comparison by Courses
• Exhibit 41: Data Table on Comparison by Courses

• 6.3 Graduate courses - Market size and forecast 2021-2026
• Exhibit 42: Chart on Graduate courses - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on Graduate courses - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on Graduate courses - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Graduate courses - Year-over-year growth 2021-2026 (%)

• 6.4 Certifications and trainings - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Certifications and trainings - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Certifications and trainings - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Certifications and trainings - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Certifications and trainings - Year-over-year growth 2021-2026 (%)

• 6.5 Post-graduate courses - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Post-graduate courses - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Post-graduate courses - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Post-graduate courses - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Post-graduate courses - Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Courses 
• Exhibit 54: Market opportunity by Courses ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 APAC - Market size and forecast 2021-2026 
• Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 UK - Market size and forecast 2021-2026
• Exhibit 84: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 Canada - Market size and forecast 2021-2026
• Exhibit 92: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 8.12 Australia - Market size and forecast 2021-2026
• Exhibit 96: Chart on Australia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on Australia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on Australia - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Australia - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 100: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 11.3 Harvard Medical School 
• Exhibit 107: Harvard Medical School - Overview
• Exhibit 108: Harvard Medical School - Product / Service
• Exhibit 109: Harvard Medical School - Key offerings

• 11.4 Johns Hopkins University 
• Exhibit 110: Johns Hopkins University - Overview
• Exhibit 111: Johns Hopkins University - Product / Service
• Exhibit 112: Johns Hopkins University - Key news
• Exhibit 113: Johns Hopkins University - Key offerings

• 11.5 New York University 
• Exhibit 114: New York University - Overview
• Exhibit 115: New York University - Product / Service
• Exhibit 116: New York University - Key news
• Exhibit 117: New York University - Key offerings

• 11.6 Stanford Medicine 
• Exhibit 118: Stanford Medicine - Overview
• Exhibit 119: Stanford Medicine - Product / Service
• Exhibit 120: Stanford Medicine - Key offerings

• 11.7 University of California 
• Exhibit 121: University of California - Overview
• Exhibit 122: University of California - Product / Service
• Exhibit 123: University of California - Key offerings

• 11.8 University of Cambridge 
• Exhibit 124: University of Cambridge - Overview
• Exhibit 125: University of Cambridge - Business segments
• Exhibit 126: University of Cambridge - Key offerings
• Exhibit 127: University of Cambridge - Segment focus

• 11.9 University of New England 
• Exhibit 128: University of New England - Overview
• Exhibit 129: University of New England - Business segments
• Exhibit 130: University of New England - Key offerings
• Exhibit 131: University of New England - Segment focus

• 11.10 University of Oxford 
• Exhibit 132: University of Oxford - Overview
• Exhibit 133: University of Oxford - Business segments
• Exhibit 134: University of Oxford - Key news
• Exhibit 135: University of Oxford - Key offerings
• Exhibit 136: University of Oxford - Segment focus

• 11.11 University of Washington 
• Exhibit 137: University of Washington - Overview
• Exhibit 138: University of Washington - Business segments
• Exhibit 139: University of Washington - Key news
• Exhibit 140: University of Washington - Key offerings
• Exhibit 141: University of Washington - Segment focus

• 11.12 Yale University 
• Exhibit 142: Yale University - Overview
• Exhibit 143: Yale University - Product / Service
• Exhibit 144: Yale University - Key news
• Exhibit 145: Yale University - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 146: Inclusions checklist
• Exhibit 147: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 148: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 149: Research methodology
• Exhibit 150: Validation techniques employed for market sizing
• Exhibit 151: Information sources

• 12.5 List of abbreviations 
• Exhibit 152: List of abbreviations

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