Medical Education Market Size, Share, Growth Analysis, By Provider(Universities, Academic Centres, Continuing Medical Education), By Delivery Mode(Classroom-based, E-Learning), By Application(Cardiology, Neurology, Radiology, Internal Medicine), By End-user(Students, Physicians, Non-Physicians), By Training(Cardiothoracic Training, Neurology Training, Orthopedic Training, Oral and Maxillofacial Training), By Region - Industry Forecast 2024-2031

Medical Education Market size was valued at around USD 43.45 billion in 2019 and is expected to reach a value of USD 65.92 billion by 2031, at a CAGR of 6.6% over the forecast period (2024-2031).

The market participants are highly focused on developing technologically innovative products with unique specifications to differentiate themselves from the other players and gain a significant portion of the market. Furthermore, key players are also engaged in expanding continuing medical education as well as online learning methodologies to increase brand recognition. The prominent firms are investing in developing and create novel services and materials and are highly focused in forming strategic alliances and collaborating to develop next-generation solutions. For instance, in 2023 Toronto-based private equity firm DW Healthcare Partners announced that it has invested in the online medical education platform Med Learning Group (MLG). This investment focuses on developing, implementing, and evaluating online and in-person continuing education that enhances healthcare professionals' capacity to offer patients the best treatment possible. 'Medtronic', 'Enago Life Sciences', 'IQVIA Inc', 'Ebix Inc.', 'Osso VR, Inc.', 'Haymarket Media, Inc.', 'Continuing Education Company', 'REMI MEDICAL EDUCATION, LLC.', 'Kenes Group'

Globalization of education and the growing healthcare market are witnessing an unprecedented impact on medical education worldwide. In the field of medical education, a number of trends have evolved, including an increase in the number of medical schools and students, student migration, growing privatization of medical schools, new models for the collaboration between medical schools globally. Globalization has positively impacted the physician development which is anticipated to accelerate the medical education growth over the forecast period.

With the advent of technology, more and more medical education is being offered through online and distance learning platforms. This allows for a more flexible and accessible education, and helps reach a wider audience.

Asia Pacific region dominated the medical education market in 2021 and is expected to maintain its dominance throughout the forecast period, owing to increased spending on medical infrastructure and training majorly in developing countries such as India, China, and others. Moreover, the government-mandated governing body for medical education in India, Medical Council of India (MCI), constantly reviews the current medical education policy to give it a new direction in order to make the curriculum relevant and responsive to the requirements of the country.