Medical Education Market Trends

Drivers

Accelerating change in medical education is fueling market growth

• Globalization of education and the growing global 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.

Professional Development Opportunities for Medical Educators

• The majority of first-year medical programs mandate that students use a blended learning approach that combines in-person lab, classroom, and lecture sessions with online learning and simulated activities as well as clinical placements or apprenticeships related to professional development. This is further anticipated to augment the need for updating the curriculum related to professional development in medical education.

Increasing number of online medical education programmes is thriving the growth of the global medical education market

• Healthcare professionals are developing new strategies to convey students' quality education in light of the rising popularity of online learning. Mobile gadgets, simulation software, computer games, and wearable technology are a few examples of technological advancement in medical education. It is anticipated that these developments will change healthcare medical education in the next few years.

Restraints

Challenges to keep pace with advances in science and technology

• The "technological convergence" that characterizes this trend is where a broad and constantly expanding spectrum of digital technologies—such as artificial intelligence (AI), robotics, big data, and social networking are increasingly working to produce effective new applications. At least four existential challenges are brought on by a technology-based Internet society for medical education which is witnessed to impact the growth of the market.

Continuing professional development among practicing clinicians

• Although it is evident that continuing professional development is crucial for maintaining healthcare systems around the world, many medical professionals who work in underdeveloped countries still have difficulty getting access to continuing medical education, which is a crucial component of continuing professional development. These difficulties include a lack of resources for learning, a lack of support and incentive from employers, a lack of financial resources, and slow or unreliable internet connectivity.