Healthcare Education Solutions Market to grow at a CAGR of 8.53% from 2021 to 2026, Driven by the need to address challenges in the healthcare industry through effective medical training - Technavio

PR Newswire
Thursday, March 30, 2023 at 6:30am UTC

Healthcare Education Solutions Market to grow at a CAGR of 8.53% from 2021 to 2026, Driven by the need to address challenges in the healthcare industry through effective medical training - Technavio

PR Newswire

NEW YORK, March 30, 2023 /PRNewswire/ -- The global healthcare education solutions market size is estimated to grow by USD 6.57 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 8.53% during the forecast period. Factors such as the need to address challenges in the healthcare industry through effective medical training, widespread adoption of m-learning, and evolved learning and education landscape will drive market growth during the forecast period. A major driver fueling growth in the healthcare education solutions market is the need to address challenges in the healthcare industry through effective medical training. Due to the changing technologies in the global healthcare industry, physicians are required to be well-versed with new methodologies in patient care for improved decision-making. The skills of medical professionals usually have a direct impact on patients' health. Hence, proper education and training of medical professionals are essential. Because of the increasing incidence of infectious and chronic diseases, healthcare practitioners (HCPs) must have information that is disease-oriented and aligned with patient needs and global healthcare trends. Hence, healthcare education solutions are required to assist HCPs in improving their competency, addressing healthcare gaps in specific segments of the global healthcare industry, and translating innovations into practice for improving the overall quality of patient care. 

Healthcare Education Solutions Market – Market Dynamics

Key challenges - 

The high costs for developing e-learning content will be a prominent challenge for the healthcare education solutions market during the forecast period. A significant amount of time, money, and resources need to be associated with developing content for e-learning courses. The development of moderately interactive e-learning content takes about 90-240 hours, costing medical education course developers approximately USD 10,000 per produced hour on average. The cost of developing online courses increases with the complexity of the content, especially in medical education. The key factors resulting in high content development costs for e-learning courses include source content, elements embedded in the learning content, and the level of interaction and instructional complexity involved. Online medical course development involves subject matter experts, an instructional design team, a project management team, and technical staff specialists. These professional roles are active in the three different stages of developing an online medical course and lead to high variable costs. Hence, regular updates on the existing online medical courses with additional information and training models further increase the cost of developing online medical courses and may hamper the growth of the 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!

Healthcare education solutions market - Geographical Analysis

North America is estimated to account for 32% of the global healthcare education solutions market growth during the forecast period. The US and Canada are the key markets for healthcare education solutions in the region. Market growth in this region will be slower than the growth of the market in other regions. The presence of an advanced and matured healthcare industry, specifically in developed countries, facilitates the healthcare education solutions market growth in North America during the forecast period. 

Healthcare education solutions market insights -

  • Vendors: 15+, Including 3M Corp, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Bruker Corp., Canon Inc., Cardinal Health Inc., Erbe Elektromedizin GmbH, FUJIFILM Holdings Corp., General Electric Co., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Olympus Corp., PerkinElmer Inc., Sectra AB, Siemens AG, Smith and Nephew plc, Stryker Corp., Thermo Fisher Scientific Inc., and Zimmer Biomet Holdings Inc. among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Delivery (Classroom-based and e-learning and geography (North America, Europe, APAC, Middle East and Africa, and South America)

To understand more about the healthcare education solutions market, request a sample report

Healthcare education solutions market - Vendor Insights

The rising adoption of smart devices among students has influenced the growth of online medical education, thereby promoting distance learning. Vendors operating in different regions attract international students by offering distance-learning programs in medicine. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

  • B. Braun SE - The company offers healthcare education solutions such as evidence-based, best practice, product training, clinical education, clinical consulting services, and collaborative medical education outcomes research. 
  • Becton Dickinson and Co. - The company offers healthcare education solutions such as training programs that comprehensively and seamlessly support healthcare providers across care areas. 
  • General Electric Co. - The company offers healthcare education solutions such as product training, industry education, and rigorous certification programs to meet the needs of customers. 
  • For more insights on vendors and their offerings, Request a Sample Report!

The healthcare education solutions market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Healthcare Education Solutions Market report?

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

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Healthcare Education Solutions Market Scope

Report Coverage

Details

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.53%

Market growth 2022-2026

USD 6.57 billion

Market structure

Fragmented

YoY growth of 2021-2022 (%)

8.25

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key countries

US, Canada, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Corp, B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Bruker Corp., Canon Inc., Cardinal Health Inc., Erbe Elektromedizin GmbH, FUJIFILM Holdings Corp., General Electric Co., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Olympus Corp., PerkinElmer Inc., Sectra AB, Siemens AG, Smith and Nephew plc, Stryker Corp., Thermo Fisher Scientific Inc., and Zimmer Biomet Holdings Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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 Delivery
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Delivery

  • 5.1 Market segments
    • Exhibit 24: Chart on Delivery - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Delivery - Market share 2021-2026 (%)
  • 5.2 Comparison by Delivery 
    • Exhibit 26: Chart on Comparison by Delivery
    • Exhibit 27: Data Table on Comparison by Delivery
  • 5.3 Classroom based - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Classroom based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Classroom based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Classroom based - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Classroom based - Year-over-year growth 2021-2026 (%)
  • 5.4 E-learning - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on E-learning - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on E-learning - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on E-learning - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on E-learning - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Delivery 
    • Exhibit 36: Market opportunity by Delivery ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Canada - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 3M Corp
    • Exhibit 89: 3M Corp - Overview
    • Exhibit 90: 3M Corp - Business segments
    • Exhibit 91: 3M Corp - Key news
    • Exhibit 92: 3M Corp - Key offerings
    • Exhibit 93: 3M Corp - Segment focus
  • 10.4 B. Braun SE
    • Exhibit 94: B. Braun SE - Overview
    • Exhibit 95: B. Braun SE - Business segments
    • Exhibit 96: B. Braun SE - Key news
    • Exhibit 97: B. Braun SE - Key offerings
    • Exhibit 98: B. Braun SE - Segment focus
  • 10.5 Becton Dickinson and Co. 
    • Exhibit 99: Becton Dickinson and Co. - Overview
    • Exhibit 100: Becton Dickinson and Co. - Business segments
    • Exhibit 101: Becton Dickinson and Co. - Key news
    • Exhibit 102: Becton Dickinson and Co. - Key offerings
    • Exhibit 103: Becton Dickinson and Co. - Segment focus
  • 10.6 General Electric Co.
    • Exhibit 104: General Electric Co. - Overview
    • Exhibit 105: General Electric Co. - Business segments
    • Exhibit 106: General Electric Co. - Key news
    • Exhibit 107: General Electric Co. - Key offerings
    • Exhibit 108: General Electric Co. - Segment focus
  • 10.7 Johnson and Johnson
    • Exhibit 109: Johnson and Johnson - Overview
    • Exhibit 110: Johnson and Johnson - Business segments
    • Exhibit 111: Johnson and Johnson - Key news
    • Exhibit 112: Johnson and Johnson - Key offerings
    • Exhibit 113: Johnson and Johnson - Segment focus
  • 10.8 Koninklijke Philips NV 
    • Exhibit 114: Koninklijke Philips NV - Overview
    • Exhibit 115: Koninklijke Philips NV - Business segments
    • Exhibit 116: Koninklijke Philips NV - Key news
    • Exhibit 117: Koninklijke Philips NV - Key offerings
    • Exhibit 118: Koninklijke Philips NV - Segment focus
  • 10.9 Siemens AG
    • Exhibit 119: Siemens AG - Overview
    • Exhibit 120: Siemens AG - Business segments
    • Exhibit 121: Siemens AG - Key news
    • Exhibit 122: Siemens AG - Key offerings
    • Exhibit 123: Siemens AG - Segment focus
  • 10.10 Smith and Nephew plc
    • Exhibit 124: Smith and Nephew plc - Overview
    • Exhibit 125: Smith and Nephew plc - Business segments
    • Exhibit 126: Smith and Nephew plc - Key news
    • Exhibit 127: Smith and Nephew plc - Key offerings
    • Exhibit 128: Smith and Nephew plc - Segment focus
  • 10.11 Thermo Fisher Scientific Inc. 
    • Exhibit 129: Thermo Fisher Scientific Inc. - Overview
    • Exhibit 130: Thermo Fisher Scientific Inc. - Business segments
    • Exhibit 131: Thermo Fisher Scientific Inc. - Key news
    • Exhibit 132: Thermo Fisher Scientific Inc. - Key offerings
    • Exhibit 133: Thermo Fisher Scientific Inc. - Segment focus
  • 10.12 Zimmer Biomet Holdings Inc. 
    • Exhibit 134: Zimmer Biomet Holdings Inc. - Overview
    • Exhibit 135: Zimmer Biomet Holdings Inc. - Business segments
    • Exhibit 136: Zimmer Biomet Holdings Inc. - Key news
    • Exhibit 137: Zimmer Biomet Holdings Inc. - Key offerings
    • Exhibit 138: Zimmer Biomet Holdings Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 139: Inclusions checklist
    • Exhibit 140: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 141: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 142: Research methodology
    • Exhibit 143: Validation techniques employed for market sizing
    • Exhibit 144: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 145: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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