The global healthcare education market is projected to reach USD 125.2 billion by 2025 from USD 83.6 billion in 2020, at a CAGR of 8.4% during the forecast period. 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. However, lack of face to face interaction and unreliable infrastructure cause barrier to the market growth.
Some of the prominent players operating in the healthcare education market are SAP (Germany), Adobe (US), Infor (US), Oracle (US), HealthStream (US), HealthcareSource (US), Elsevier (Netherlands), Articulate (US), PeopleFluent (US), ADP (US), GE Healthcare (US), Trivantis Corporation (US), Cerner (US), Koninklijke Phillips (Netherlands), Siemens Healthineers (Germany), Coursera (US), and IBM (US).
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TOP LMS MARKET PLAYER: SAP (GERMANY)
SAP is a leading provider of learning management systems. Its flagship products, SuccessFactors and Litmos, when brought together, ensure exceptional learning and customer experience training. They have the perfect configuration to ensure enterprise integration and can easily customize solutions as per client needs. The acquisition of top tier SaaS- and PaaS-powered LMS player Plateau Systems in 2011 strengthened the company’s position in the LMS market. The company invests 15% of its total revenue in R&D to deliver newer solutions with advanced features.
TOP OEM MARKET PLAYER: GE HEALTHCARE (US)
The company has been providing world-renowned training programs for more than five decades. The company plans to invest over USD 1 billion in expanding its educational offerings to reach more than two million healthcare professionals worldwide by 2020. GE has also developed the Skill India Initiative, which aims to bring together healthcare and education experts to train and educate more than 100,000 new and existing healthcare professionals in India over the next five years. This collaboration with the Government of India is expected to expand GE’s healthcare education portfolio significantly. Additionally, Virtual Onsite Trainer, the system which can be moved to any part of the hospital, is an important part of GE’s digital strategy.
TOP EDUCATIONAL PLATFORM MARKET PLAYER: COURSERA (US)
Coursera has gained popularity in every field in a short span of time. The company provides multiple courses at affordable fees and a truly top choice for most learners. Coursera has captured not only the North American market but also the emerging APAC market. Many pharma leaders like Allscripts and Cerner have tie-ups with Coursera. The company caters to small businesses, large enterprises, government agencies, and non-profit organizations (NPOs), with courses in more than 250 specializations. The company invests a significant amount in R&D to deliver innovative technologies and courses.
Healthcare Education Market by Provider (Universities and Academic Centers, Continuing Medical Education), Delivery Mode (Classroom-based, E-Learning), Application (Cardiology, Internal Medicine), End User- Analysis and Global Forecast to 2025
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