The industry has experienced significant growth due to the proliferation of numerous online medical educational programs. The iterative and ongoing development strategy is widely used in medical education.
The industry has experienced significant growth due to the proliferation of numerous online medical educational programs. The iterative and ongoing development strategy is widely used in medical education.
The global medical education market is projected to grow at a compound annual growth rate of 6.6 percent from 2022 to 2028, reaching $65.92 billion, according to a report by ResearchAndMarkets.com.
The industry has experienced significant growth due to the proliferation of numerous online medical educational programs. The iterative and ongoing development strategy is widely used in medical education. However, these initiatives have often concentrated on improving specific curricula, courses, or reorganizing existing frameworks based on time.
In 2021, the market was estimated to be around $43.45 billion but is now expected to expand significantly before the end of the decade.
Presently, medical practitioners rely more on online training modules than traditional physical classrooms. Based on the report, online medical courses are considered superior to traditional medical education due to the ease of studying for specialized medical streams and the availability of online exams.
Online learning primarily consists of recorded videos, reading materials, and evaluation systems, all accessible through online platforms. As a result, online medical education programs are gaining popularity and are expected to drive market expansion.
The report highlights that the market for global medical education is seeing a major increase in organic growth due to the development of new medical courses and platforms. To generate interest and increase enrollment in the medical profession, medical colleges are offering innovative courses and platforms in both traditional and online formats.
Technological advancements have led to an increasing number of online and remote learning opportunities, providing access to medical education. Consequently, education has become more flexible and accessible, reaching a broader audience.
One prominent trend in the medical field is the use of artificial Intelligence to augment and upskill human professionals. Using augmented reality, for instance, including computer vision, has been incorporated into surgeons’ toolboxes, enabling cameras to identify objects and convey information.
These advancements enhance the flexibility, accessibility, and reach of medical education.
