Medical Education Market Size To Reach USD 122.8 Billion by 2027: Report

According to Global Opportunity Analysis and Industry Forecast, 2021–2027 report published in Valuates Reports under Health Education and Medical Training Category, the medical education market size is projected to reach USD 122.8 Billion by 2027 at a CAGR of 7.60%.

In the year 2020, the medical education market size was valued at USD 74.5 Billion. 

The United States, North America and Canada are the most important markets for global medical education. The visual technologies in medical education are driving the rapid expansion in the North American market. The medical education market segmentation is done on the basis of type i.e. On-Campus and Distance, and by application - Adult and Kid.

Several factors are contributing to the growth of this market such as more and more students are seeking medical education, there is an increase in the number of medical schools and an increase in the privatization of medical schools. Moreover, the digitalization trend in the education industry is aiding the growth of the medical education market. Modern multimedia-enhanced and tablet-based training has improved the medical examination results.

Another contributing factor is that emerging countries are investing in healthcare infrastructure and this will result in the increased hiring of medical personnel.

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