The Global Healthcare Education Solutions Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Healthcare Education Solutions Market is segmented by Delivery Mode (Classroom-based Courses and E-learning Solutions); Provider type (Universities and Academic Centers, Continuing Medical Education Providers and Others); Geography (North America, Europe, APAC and ROW).
Introduction
Increasing importance of education in the healthcare industry to address organizational challenges and deliver improved care has led to the merger of healthcare, technology and digital solution providers to develop healthcare education solutions.
Providers of healthcare education solutions are engaged in delivering personal e-learning and compliance solutions to help organizations achieve their targets by overcoming challenges of employee communication in a timely and most convenient manner.
The COVID-19 pandemic has severely impacted healthcare industry. But it has changed the course of education. As a result, the adoption of electronic education (E-education) platforms such as digital conferences, webinars, medical blogs, and social media increased. According to studies, online learning services providers are expected to experience a surge in the number of new enrolments, and this trend is expected to continue till the end of 2021.
Table of Contents
Market Overview
The global healthcare education solutions market is expected to grow to $130.20 billion by 2025
Growth momentum is expected to accelerate during the forecast period with an 8.72% CAGR.
Growth in this market is primarily driven by the technological advancements in the healthcare industry, rapid growth in the online education and e-learning sector, and the presence of stringent regulatory mandates related to CME programs.
North America is dominating due to the availability of adequate programs to train healthcare personnel for newer technologies.
Key Trends
Increasing adoption of adaptive learning and cloud-based Healthcare solutions across the healthcare ecosystem is expected to drive the market in future
Increasing adoption of digital learning is another crucial driving factor in future
Remote monitoring and growing focus on consumer-centric mobility solutions
Key Market Players
Some of the key players in the market are SAP, Adobe, Infor, Oracle, HealthStream, HealthcareSource.
The market is highly competitive owing to the rise in demand for healthcare education solutions coupled with technological advancements, which is likely to boost the entry of new companies. Mergers & acquisitions, strategic alliances, and extensive R&D in the area of mHealth technologies are some of the initiatives being undertaken by key companies to increase their market shares.
Growth Drivers and Challenges
Evolving industrialization in growing economies are resulting in the prevalence and early onset of chronic diseases. To overcome this situation, increasing demand for healthcare education solutions for the management of chronic diseases
Adoption of healthcare education solutions on the rise with increasing focus on patient care delivery
The presence of stringent regulatory mandates related to CME programs is driving the market
Robust penetration of 3G and 4G networks for uninterrupted healthcare services.
The budget constraints for healthcare education solutions may hamper the growth of the market.
Lack of face-to-face interaction and direct monitoring
Unreliable infrastructure in most developing countries is expected to restrain the growth of the healthcare education market