The global healthcare education market is projected to reach USD 164.6 billion by 2028 from USD 108.7 billion in 2023, at a CAGR of 8.6% during the forecast period. As the healthcare industry continues to expand and evolve, there is a growing need for well-trained nurses, doctors, technicians, and other healthcare practitioners. This demand is fueled by factors such as an aging population, rising chronic diseases, and advancements in medical technology. To meet these needs, healthcare education institutions continually strive to provide comprehensive and specialized training programs that equip students with the necessary knowledge and skills. Another factor contributing to the growth of the healthcare education market is the rapid development of technology in the healthcare sector. Integrating digital tools, such as virtual reality simulations, augmented reality applications, and online learning platforms, has revolutionized healthcare education. These technological advancements have made education more accessible, flexible, and interactive, allowing students to gain practical experience and hands-on training in a virtual environment. Inadequate infrastructure can impede the adoption and utilization of digital platforms, e-learning tools, and simulation technologies, limiting market growth.
Some of the prominent players operating in the healthcare education market are Stryker (US), SAP (Germany), Adobe (US), Infor (US), Oracle (US), HealthStream (US), Symplr (US), Elsevier (Netherlands), Articulate (US), PeopleFluent (US), Fujifilm Corporation (Japan), GE Healthcare (US), Trivantis Corporation (US), Koninklijke Phillips (Netherlands), Siemens Healthineers (Germany), Coursera (US), and IBM (US).
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TOP LMS MARKET PLAYER: SAP (GERMANY)
SAP offers a comprehensive suite of learning management solutions, including SAP SuccessFactors Learning. SuccessFactors Learning is a cloud-based LMS that provides organizations with a scalable and flexible platform for managing their learning and development programs. It offers features such as course management, content delivery, compliance tracking, and reporting, catering to the diverse needs of organizations across industries. They have the perfect configuration to ensure enterprise integration and can easily customize solutions per client needs. SAP invests 15% of its total revenue in R&D to deliver newer solutions with advanced features. The company focuses on innovation to enhance its LMS offerings continually. This commitment to innovation enables SAP to provide advanced features and functionalities that address emerging needs in the learning management space, such as mobile learning, social learning, and personalized learning experiences.
TOP OEM MARKET PLAYER: GE HEALTHCARE (US)
GE Healthcare has a rich history of delivering renowned training programs for over five decades. The company invested over USD 1 billion in expanding its educational offerings to reach more than two million healthcare professionals worldwide in 2020. Furthermore, GE has introduced the Skill India Initiative, a collaborative effort with the Government of India, aiming to unite healthcare and education experts to train and educate over 100,000 new and existing healthcare professionals in India within the next five years. This collaboration is expected to amplify significantly GE healthcare education portfolio. Notably, GE digital strategy incorporates the Virtual Onsite Trainer. This flexible system can be effortlessly deployed to any hospital area, forming a critical component of the company’s digital transformation endeavors.
TOP EDUCATIONAL PLATFORM MARKET PLAYER: COURSERA (US)
Coursera has experienced rapid and widespread adoption across various industries, establishing itself as a highly sought-after learning platform within a short timeframe. The company offers a diverse range of courses at affordable rates, making it an attractive choice for a broad spectrum of learners. Coursera’s success extends beyond the North American market, as it has also made significant inroads into the emerging APAC market. Notably, esteemed healthcare leaders such as Veradigm LLC and Oracle have strategically partnered with Coursera. The company’s client base includes small businesses, large enterprises, government agencies, and non-profit organizations (NPOs), with an extensive catalog of courses spanning over 250 specializations. Coursera places considerable emphasis on research and development, making substantial investments in innovative technologies and course offerings.
Healthcare Education Market by Provider (Universities, Educational Platforms, Medical Simulation), Delivery Mode (Classroom-based, E-Learning), Application (Neurology, Cardiology, Pediatrics), End User (Students, Physicians) - Global Forecasts to 2028
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