The US Continuing Medical Education Market to be Worth $4.23 Billion by 2028, A 2X Growth, Chatgpt Reshaping the Market - Arizton

CHICAGO, July 20, 2023 /PRNewswire/ -- According to Arizton's latest research report, the U.S. continuing medical education market will grow at a CAGR of 6.43%.

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The continuous and rapid evolution of technologies in the last few years has radically transformed the way people or healthcare professionals communicate, process knowledge, and seek information in the healthcare industry. Continuing Medical Education (CME) is no exception in this evolution. Even though CME is not a preferred learning medium, healthcare workers increasingly seek continuing education through digital channels and new technologies as they offer convenient access, personalization interactivity, and easier and more effective learning tracking. In the US, over 60% of healthcare professionals are ready to use online platforms for CME programs.

U.S. Continuing Medical Education Market Report Scope

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Gamification Act as Advanced Pathway for Continuing Medical Education Market (CME) in the US

The rise in the adoption of gamification in CME programs is anticipated with the increase in technology adoption and easy access to e-learning platforms.

Gamification is one trending learning strategy that fills the gaps in remote CME. Incorporating gamification into live CME activities is known to improve the learner experience by enhancing interactivity and knowledge transfer and positively impacting learning. The gamification of CME programs entails the application of design elements from conventional games in medical education. Also, through repetitions and real-time feedback, game-based learning enhances the engagement and retention of course materials among medical professionals. However, game-based learning platforms cannot replace conventional medical education and skills.

The gamification segment of the US continuing medical education market has exceptional growth potential and offers lucrative growth opportunities for vendors. The new and effective e-learning CME delivery mode has enabled health professionals to comprehend care management and medication adherence. It is an interactive learning method that provides an easy learning pathway for physicians and other healthcare professionals to learn how to care for patients better and improve care outcomes. The growth and adoption of gamification in CME are driven by individual and professional usage and educational and other institutional adoption of gamified CME solutions.

Direct Providership Dominates Market Share while Joint Providership Surges with Fastest Growth Rate

The directly provided CME activity is planned/developed, implemented, and evaluated by accredited providers. The direct providership segment includes co-provided CME activities (offered by 2 accredited providers) offered by accredited providers awarding the credit. In recent years numerous bodies have introduced CME accreditation to ensure that the planning and conduct of CME follow defined standards without the influence of any commercial interest as a leading principle. Several healthcare companies have proposed that accrediting bodies designate them as direct providers of accredited CME programs.

The advantage of direct provider ship is that they are fully responsible for the accreditation of CME credits. Also, this credit system is valid and offered by only one CME provider, which is self-accredited or accredited by major CME-accredited bodies.
The Accreditation Council for Continuing Medical Education (ACCME) states that the jointly accredited provider ship provides CME activity by one or more accredited and non-accredited organizations. These ACCME providers plan and present one or more CME activities with non-accredited ACCME providers engaging in joint provider ship.

This method has been established for more than 25 years, affording accredited organizations the opportunity to collaborate with non-accredited authorities to improve the value of educational offerings and diversity in content delivery. The accredited providers are responsible for ensuring that jointly accredited provided CME activities comply with all ACCME rules and regulations and are accountable for demonstrating compliance during the reaccreditation process.

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Impact of COVID-19

The COVID-19 pandemic has positively impacted the market landscape regarding delivery mode, providers, and applications. There was a significant rise in demand for CME programs during the COVID-19 outbreak to enhance patient care delivery and management. However, various restrictions imposed in the Us during the outbreak affected the US continuing medical education market. The adoption of the e-learning delivery mode massively accelerated market growth. Millions of healthcare professionals have become well-known with online delivery modes for CME activities. The online CME program deliveries allowed by CME accreditation authorities with different approaches enabled market growth during the pandemic.

Revolutionizing the CME Market: Major Ongoing Trend Sees Reshaping with ChatGPT

Incorporating cutting-edge technologies has radically transformed the landscape of continuing medical education (CME) in the United States. Despite the challenges in implementing these advanced tools across various industries, their potential to reshape the CME market cannot be understated. Among these revolutionary technologies, Artificial Intelligence (AI) has paved the way for a new era of possibilities. The emergence of AI-powered chatbots, such as ChatGPT, holds the key to accelerating market growth in the US.

Medical professionals and students are witnessing a paradigm shift in the way they learn and develop essential skills, thanks to the transformative capabilities of ChatGPT. As the US CME market continues to evolve, advanced technologies are playing a vital role in supporting the growth and learning of medical experts. Chatbots, like ChatGPT, have become invaluable companions, engaging in meaningful conversations with medical professionals and aiding and information on diverse educational topics.

The market is witnessing an array of chatbot tools, but ChatGPT stands out as one of the most innovative and promising options available. With its potential to revolutionize CME market growth, ChatGPT facilitates seamless browsing of the internet to expand and update knowledge. This AI-powered tool offers associations, creative solutions, and up-to-date information to address pressing challenges in the medical field, reshaping the future of medical education and practice.

Company Profiles

• Acadoodle
• AcademicCME
• AffinityCE
• Antidote Education Company
• Albert Einstein College of Medicine
• AMA Ed Hub
• Amedco
• American Medical Seminars
• AO North America
• Aspirus
• AXIS Medical Education
• American College of Cardiology
• American Society for Metabolic and Bariatric Surgery
• Ballad Health
• Baptist Health South Florida
• Baylor College of Medicine
• BorderRAC
• Boston University School of Medicine (BUSM)
• Brody School of Medicine East Carolina University
• Bryan Health
• Bureau of Infectious Disease and Laboratory Sciences
• COPIC Insurance Company
• Curi
• CME Outfitters
• Current Reviews
• Carlat Publishing, LLC and Affiliates
• CME Planet
• Cine-Med
• CME Procedures
• Clinical Care Options
• Continuing Education Company
• EXCEL CME
• EdCompass
• EB Medicine
• Essential CME
• Forefront Collaborative
• Florida Psychiatric Society
• Georgia Chapter of the American College of Cardiology
• Haymarket Medical Education
• Greeley Company
• Global Education Group
• HonorHealth
• HealthSream
• Intellectures
• International Antiviral Society-USA
• Kenes Group
• Lowell General Hospital
• Med Learning Group
• Medicus
• MagMutual
• Med-IQ
• MedScape LLC. (WebMD)
• MIT Professional Education
• MLMIC Insurance Company
• NORCAL Mutual Insurance Company
• Oakstone CME
• Opus Medicus
• ProAssurance
• Relias LMS
• StatPearls
• Syandus
• Stanford Medicine
• The Board of Trustees of the University of Illinois
• The Indiana University School of Medicine
• The Center for Forensic Psychiatry
• The Trustees of Indiana University
• University of California (Irvine)
• University of North Dakota
• The MEDICAL MUTUAL Liability Insurance Society of Maryland

Market Segmentation

Delivery Mode

• Classroom Training
• E-Learning
• Regularly Scheduled Series
• Journal
• Others

Providers

• Non-profit Organizations (NPO) & Physician Membership Organizations (PMO)
• Publishing/Education Companies
• School of Medicine
• Hospital/Healthcare Delivery Systems
• Others

Providership

• Direct Providership
• Joint Providership

Application

• Oncology
• Cardiology
• Infectious Diseases
• Orthopedic
• Dental
• Primary Care
• Gastroenterology
• General Surgery
• Pediatric
• Allergy & Immunology
• Endocrinology & Metabolism
• Others

Key Questions Answered in the Report:

• How big is the U.S. continuing medical education market?
• What is the growth rate of the U.S. continuing medical education market?
• What are the rising trends in the U.S. continuing medical education market?
• Which application segment holds the most significant U.S. continuing medical education market share?
• What segments are covered in the U.S. continuing medical education market report?

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Table of Content

1 RESEARCH METHODOLOGY 

2 RESEARCH OBJECTIVES 

3 RESEARCH PROCESS 

4 SCOPE & COVERAGE 

4.1 MARKET DEFINITION 

4.1.1 INCLUSIONS 

4.1.2 EXCLUSIONS 

4.1.3 MARKET ESTIMATION CAVEATS 

4.2 BASE YEAR 

4.3 SCOPE OF THE STUDY 

4.3.1 MARKET BY DELIVERY MODE: 

4.3.2 MARKET BY PROVIDER 

4.3.3 MARKET BY PROVIDERSHIP 

4.3.4 MARKET BY APPLICATION 

5 REPORT ASSUMPTIONS & CAVEATS 

5.1 KEY CAVEATS 

5.2 CURRENCY CONVERSION 

5.3 MARKET DERIVATION 

6 PREMIUM INSIGHTS 

6.1 OVERVIEW 

6.1.1 US CONTINUING MEDICAL EDUCATION MARKET 

7 MARKET AT A GLANCE 

8 INTRODUCTION 

8.1 OVERVIEW 

9 MARKET OPPORTUNITIES & TRENDS 

9.1 GAMIFICATION AS ADVANCED PATHWAY FOR CME 

9.2 ROLE OF DIGITAL HEALTH SYSTEMS IN TRANSFORMING CME 

9.3 INCREASING INVOLVEMENT OF NEXT-GENERATION SIMULATION TECHNOLOGY IN CME 

9.4 RESHAPING OF CME WITH CHATGPT 

10 MARKET GROWTH ENABLERS 

10.1 HIGH PREFERENCE FOR SHORT-TERM CME COURSES 

10.2 EMERGENCE OF UNKNOWN AND RARE HEALTH CONDITIONS 

10.3 RISE IN MEDICAL SCHOOL ENROLLMENTS & NUMBER OF HEALTHCARE PROFESSIONALS 

10.4 MANDATORY CME CREDIT REQUIREMENTS FOR HEALTHCARE PROFESSIONALS 

11 MARKET RESTRAINTS 

11.1 BIASED CME CONTENT DELIVERY DUE TO INFLUENCE OF BIOPHARMACEUTICAL INDUSTRY 

11.2 CHALLENGES ASSOCIATED WITH CME MANAGEMENT 

11.3 BARRIERS TO MAINTAINING CME ACCREDITATION 

12 MARKET LANDSCAPE 

12.1 MARKET OVERVIEW 

12.1.1 MARKET BY DELIVERY MODE: MARKET SHARE ANALYSIS 

12.1.2 MARKET BY PROVIDER: MARKET SHARE ANALYSIS 

12.1.3 MARKET BY PROVIDERSHIP: MARKET SHARE ANALYSIS 

12.1.4 MARKET BY SPECIALTY: MARKET SHARE ANALYSIS 

12.2 MARKET SIZE & FORECAST 

12.3 FIVE FORCES ANALYSIS 

12.3.1 THREAT OF NEW ENTRANTS 

12.3.2 BARGAINING POWER OF SUPPLIERS 

12.3.3 BARGAINING POWER OF BUYERS 

12.3.4 THREAT OF SUBSTITUTES 

12.3.5 COMPETITIVE RIVALRY 

13 DELIVERY MODE 

13.1 MARKET SNAPSHOT & GROWTH ENGINE 

13.2 MARKET OVERVIEW 

13.3 CLASSROOM TRAINING 

13.3.1 MARKET OVERVIEW 

13.3.2 MARKET SIZE & FORECAST 

13.4 E-LEARNING 

13.4.1 MARKET OVERVIEW 

13.4.2 MARKET SIZE & FORECAST 

13.5 REGULARLY SCHEDULED SERIES (RSS) 

13.5.1 MARKET OVERVIEW 

13.5.2 MARKET SIZE & FORECAST 

13.6 JOURNALS 

13.6.1 MARKET OVERVIEW 

13.6.2 MARKET SIZE & FORECAST 

13.7 OTHERS 

13.7.1 MARKET OVERVIEW 

13.7.2 MARKET SIZE & FORECAST 

14 PROVIDER 

14.1 MARKET SNAPSHOT & GROWTH ENGINE 

14.2 MARKET OVERVIEW 

14.3 NON-PROFIT ORGANIZATIONS (NPOS) & PHYSICIAN MEMBERSHIP ORGANIZATIONS (PMOS) 

14.3.1 MARKET OVERVIEW 

14.3.2 MARKET SIZE & FORECAST 

14.4 PUBLISHING/EDUCATIONAL COMPANIES 

14.4.1 MARKET OVERVIEW 

14.4.2 MARKET SIZE & FORECAST 

14.5 SCHOOL OF MEDICINE 

14.5.1 MARKET OVERVIEW 

14.5.2 MARKET SIZE & FORECAST 

14.6 HOSPITALS & HEALTHCARE DELIVERY SYSTEMS 

14.6.1 MARKET OVERVIEW 

14.6.2 MARKET SIZE & FORECAST 

14.7 OTHERS 

14.7.1 MARKET OVERVIEW 

14.7.2 MARKET SIZE & FORECAST 

15 PROVIDERSHIP 

15.1 MARKET SNAPSHOT & GROWTH ENGINE 

15.2 MARKET OVERVIEW 

15.3 DIRECT PROVIDERSHIP 

15.3.1 MARKET OVERVIEW 

15.3.2 MARKET SIZE & FORECAST 

15.4 JOINT PROVIDERSHIP 

15.4.1 MARKET OVERVIEW 

15.4.2 MARKET SIZE & FORECAST 

16 SPECIALTY 

16.1 MARKET SNAPSHOT & GROWTH ENGINE 

16.2 MARKET OVERVIEW 

16.3 ONCOLOGY 

16.3.1 MARKET OVERVIEW 

16.3.2 MARKET SIZE & FORECAST 

16.4 CARDIOLOGY 

16.4.1 MARKET OVERVIEW 

16.4.2 MARKET SIZE & FORECAST 

16.5 INFECTIOUS DISEASES 

16.5.1 MARKET OVERVIEW 

16.5.2 MARKET SIZE & FORECAST 

16.6 ORTHOPEDICS 

16.6.1 MARKET OVERVIEW 

16.6.2 MARKET SIZE & FORECAST 

16.7 DENTISTRY 

16.7.1 MARKET OVERVIEW 

16.7.2 MARKET SIZE & FORECAST 

16.8 PRIMARY CARE 

16.8.1 MARKET OVERVIEW 

16.8.2 MARKET SIZE & FORECAST 

16.9 GASTROENTEROLOGY 

16.9.1 MARKET OVERVIEW 

16.9.2 MARKET SIZE & FORECAST 

16.10 GENERAL SURGERY 

16.10.1 MARKET OVERVIEW 

16.10.2 MARKET SIZE & FORECAST 

16.11 PEDIATRICS 

16.11.1 MARKET OVERVIEW 

16.11.2 MARKET SIZE & FORECAST 

16.12 ALLERGY & IMMUNOLOGY 

16.12.1 MARKET OVERVIEW 

16.12.2 MARKET SIZE & FORECAST 

16.13 ENDOCRINOLOGY & METABOLISM 

16.13.1 MARKET OVERVIEW 

16.13.2 MARKET SIZE & FORECAST 

16.14 OTHERS 

16.14.1 MARKET OVERVIEW 

16.14.2 MARKET SIZE & FORECAST 

17 COMPETITIVE LANDSCAPE 

17.1 COMPETITION OVERVIEW 

18 COMPANY PROFILES 

18.1 ACADDODLE 

18.1.1 BUSINESS OVERVIEW 

18.1.2 PRODUCT OFFERINGS 

18.2 ACADEMICCME 

18.3 AFFINITYCE 

18.4 ANTIDOTE EDUCATION COMPANY 

18.5 ALBERT EINSTEIN COLLEGE OF MEDICINE 

18.6 AMA EDHUB 

18.7 AMEDCO 

18.8 AMERICAN MEDICAL SEMINARS 

18.9 AO NORTH AMERICA 

18.10 ASPIRUS 

18.11 AXIS MEDICAL EDUCATION 

18.12 AMERICAN COLLEGE OF CARDIOLOGY 

18.13 AMERICAN SOCIETY FOR METABOLIC AND BARIATRIC SURGERY 

18.14 BALLAD HEALTH 

18.15 BAPTISTS HEALTH SOUTH FLORIDA 

18.16 BAYLOR COLLEGE OF MEDICINE 

18.17 BORDERRAC 

18.18 BOSTON UNIVERSITY SCHOOL OF MEDICINE 

18.19 BRODY SCHOOL OF MEDICINE EAST CAROLINA UNIVERSITY 

18.20 BRYAN HEALTH 

18.21 BUREAU OF INFECTIOUS DISEASES AND LABORATORY SCIENCES 

18.22 COPIC INSURANCE COMPANY 

18.23 CURI 

18.24 CME OUTFITTERS 

18.25 CURRENT REVIEWS 

18.26 CARLAT PUBLISHING, LLC AND AFFILIATES 

18.27 CMEPLANET 

18.28 CINE-MED 

18.29 CME PROCEDURES 

18.30 CLINICAL CARE OPTIONS 

18.31 CONTINUING EDUCATION COMPANY 

18.32 EXCEL CME 

18.33 EDCOMPASS 

18.34 EB MEDICINE 

18.34.1 BUSINESS OVERVIEW 

18.34.2 PRODUCT OFFERINGS 

18.35 ESSENTIAL CME 

18.36 FOREFRONT COLLABORATIVE 

18.37 FLORIDA PSYCHIATRIC SOCIETY 

18.38 GA OF THE AMERICAN COLLEGE OF CARDIOLOGY 

18.39 HAYMARKET MEDICAL EDUCATION 

18.40 GREELEY COMPANY 

18.41 GLOBAL EDUCATION GROUP 

18.42 HONORHEALTH 

18.43 HEALTHSTREAM 

18.44 INTELLECTURES 

18.45 INTERNATIONAL ANTIVIRAL SOCIETY-USA 

18.46 KENES GROUP 

18.47 LOWELL GENERAL HOSPITALS 

18.48 MED LEARNING GROUP 

18.49 MEDICUS 

18.50 MAGMUTUAL 

18.51 MED-IQ 

18.52 MEDSCAPE LLC (WEBMED) 

18.53 MIT PROFESSIONALS EDUCATION 

18.54 MLMIC INSURANCE COMPANY 

18.55 NORCAL MUTUAL INSURANCE COMPANY 

18.56 OAKSTONE CME 

18.57 OPUS MEDICUS 

18.58 PROASSURANCE 

18.59 RELIAS LMS 

18.60 STATPEARLS 

18.61 SYANDUS 

18.62 STANFORD MEDICINE 

18.63 THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 

18.64 THE TRUSTEES OF INDIANA UNIVERSITY 

18.65 THE CENTER FOR FORENSIC PSYCHIATRY (CEP) 

18.66 UNIVERSITY OF CALIFORNIA 

18.67 UNIVERSITY OF NORTH DAKOTA 

18.68 THE MEDICAL MUTUAL LIABILITY INSURANCE SOCIETY OF MARYLAND 

19 REPORT SUMMARY 

19.1 KEY TAKEAWAYS 

19.2 STRATEGIC RECOMMENDATIONS 

20 QUANTITATIVE SUMMARY 

20.1 MARKET BY DELIVERY MODE 

20.2 MARKET BY PROVIDER 

20.3 MARKET BY PROVIDERSHIP 

20.4 MARKET BY APPLICATION 

21 APPENDIX 

21.1 ABBREVIATIONS 

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