Market expected to reach $13.52 billion by 2028 due to increasing involvement of next generation simulation technology

Global continuing medical education market

DUBLIN, Feb. 22, 2024 (Globe Newswire) — The Global Continuing Medical Education Market – Outlook and Forecast 2023-2028 report has been added. ResearchAndMarkets.com Recruitment.

The global continuing medical education market is expected to reach $13.52 billion by 2028 from $8.66 billion in 2022 and is expected to grow at a CAGR of 7.70% from 2022 to 2028 .

The need for high-quality, affordable healthcare services is growing significantly around the world. Healthcare marketing is constantly evolving, and with unpredictable technological changes, CME providers need to stay on top of the latest technology. Participation in CME also continues to develop. There is a huge demand for doctors and other medical staff in the medical education market, but there is a shortage of supply. There is a growing demand for quality talent built through robust academic and learning environments like the CME platform.

North America is one of the major regions in the global continuing medical education market accounting for higher market share. The growth of the CME market in the region can be attributed to the region's vast number of healthcare workers, increased adoption of digital tools in CME programs, and transformation of CME delivery during and post-COVID-19 pandemic. Masu.

The United States and Canada have more than 23 million health care workers in the region. However, increasing patient population and decreasing number of healthcare professionals in the region are expected to drive market growth in the coming years. In 2022, North America accounted for approximately 36% of the market share in the global continuing medical education market, dominating other regions.

Market trends and drivers

Increasing adoption of omnichannel communications for CME

Omnichannel has been a key trend in the continuing medical education market over the past three years. These newly adopted and implemented strategies are expected to enable healthcare teams to develop personalized experiences that place healthcare professionals, physicians, and other potential elements at the center of communication plans. Masu.

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Moreover, you can find the relevant and meaningful information you need. These channels ensure that the user's knowledge requires the appropriate format according to the user's convenience, such as podcasts, infographics, text, videos, etc.

Medical professionals looking to take CME online

The COVID-19 pandemic has changed the face of CME over the past two years, 2021-2022. The world of healthcare is moving to digital platforms, with video emerging as an innovative new face-to-face platform. The shift to digital learning has also increased the amount of time required to participate in online CME.

Approximately one in ten (11%) physicians have also turned to online platforms to access clinical data from live meetings and conferences that are not taking place due to disruptions caused by COVID-19. Ta. The COVID-19 pandemic has increased the value of online platforms and medical education formats, as physical attendance is not mandatory. The pandemic has forced educational institutions and medical societies to develop and implement new strategies to reduce closed interpersonal contact. Moderate support for online CME.

Increasing involvement of next-generation simulation technologies in CME

In recent years, medical education has become widely accepted. Additionally, technological advances in medical education have helped redefine learning procedures. The implementation of next-generation simulation technology to continue medical education is rapidly becoming popular.

Rapid changes in clinical systems that limit teaching time, patient availability, administration possibilities, technological advances, and improvements in diagnostic yield have supported the increasing rate of application of simulation technology in the medical education field.

shortage of medical professionals

Due to the shortage of medical professionals in developing countries and some developed countries, healthcare workers are experiencing strain in the delivery of care and patient management. CME activities and programs alleviate this burden by improving skills, knowledge, performance, and time management.

Changes in the medical situation due to an increase in new diseases

Globally, the increasing burden of existing and emerging diseases is a leading cause of disability and death. The four major diseases of the world are cancer, chronic respiratory diseases, cardiovascular diseases, and diabetes.

However, in recent years, infectious diseases such as the COVID-19 pandemic, monkeypox, and certain rare diseases that qualify as infectious diseases have significantly increased the demand for new treatments. In these locations, CME played a critical role in maintaining health care delivery.

Medical student enrollment increases

Due to the increasing burden of various diseases around the world, it is receiving increasing attention in the medical field. Government efforts are rapidly increasing and accelerating knowledge in the medical field to reduce the burden.

On this basis, the number of medical schools, courses and training programs is increasing, and the number of new medical students and academic institutions is accelerating. The increasing number of medical students across the globe is projected to support the continued growth of the medical education market during the forecast period.

Increasing demand for short-term CME

The time management burden on healthcare professionals and the demand for short-term CME programs are rapidly increasing. Additionally, providers are increasingly focused on offering short-term CME programs concurrently with medical professionals through a variety of digital and electronic tools, rapidly accelerating industry growth.

Segmentation insights

Insights by delivery mode

The global continuing medical education market is segmented into classroom training, e-learning, regularly scheduled series, and journals. The classroom training segment had the highest market share, accounting for approximately 41% in 2022. Classroom training is one of the oldest, traditional, and most effective delivery methods for continuing medical education.

This mode of delivery has long been found to be relatively effective as it allows knowledge to be delivered face-to-face with more reliability and accuracy, and the question-answering element in this method helps improve knowledge, skills and Higher quality in terms of knowledge is provided. Reinforcement. Classroom learning is essential to CME procedures, providing hands-on experience for participants and encouraging interprofessional collaboration.

Most countries prefer classroom-based CME training. However, over time, e-learning has become popular. Digital CME training, featuring online classes, mobile-based, app-based, and live webinar-based programs, will increase in adoption and dominate the market.

Insights by specialty

The global continuing medical education market in 2022 was dominated by oncology specialties. Cancer is one of the major health conditions associated with high mortality and morbidity, with a steadily increasing prevalence.

As a result, research and development activity around medicines and new treatment delivery technologies in oncology has increased globally, increasing the demand for training and knowledge. These factors have increased the demand for his CME activities in the field of oncology at a higher rate.

Insights from providers

The global continuing medical education market by provider is segmented into nonprofits and physician membership organizations, publishing/educational companies, medical schools, hospitals or healthcare delivery systems, and others. NPOs and physician membership organizations accounted for the highest market share in 2022 and are anticipated to dominate the industry during the forecast period.

They are the primary source of information and primary point of contact for medical professionals to learn about newly developed treatments and treatments for health conditions. In addition, we provide and manage certification services for medical professionals and other healthcare professionals, resulting in significant sectoral growth.

Key attributes:

Market opportunities and trends

• Increased adoption of omnichannel communications in CME

• Transition to online commercials for medical professionals

• Increasing involvement of next-generation simulation technologies in CME

Factors enabling market growth

• shortage of medical professionals

• Changes in the medical situation due to the increase in new diseases

• Increase in medical student enrollment

• Increasing demand for short-term CME courses

market constraints

• Key challenges in maintaining CME certification

• Barriers to effective management of Cme

• Pharmaceutical influence leading to biased CME content

prominent vendors

• Acadoodle

• Afia

• Albert Einstein College of Medicine

• antidote education company

• AMA Ed Hub

• AO North America

• Academic CME

• Affinity CE

• Ameco

• american medical seminar

• AXIS Medical Education

• aspirus

• copic insurance company

• CME Outfitters

• Chestnut

• current review

• Karlat CME Institute

• CME Planet

• Cinemed

• CME procedure

• Clinical care options

• continuing education company

• Excel CME

• EB medicine

• Essential CME

• Frontline collaboration

• greeley company

• global education company

• honor health

• Indiana University School of Medicine

• intelligence

• King Fahd Medical City

• kenneth group

• MedExpert Corporate Group

• medical learning group

• Medicus

• medical IQ

• MED Talks

• medscape

• Norcal Mutual Insurance Co., Ltd.

• Opus Medicus

• PESI Healthcare

• pro assurance

• From research to practice

• Rock Point Corporation

• Lillias

• stanford medicine

• salus global

• sidra medicine

• shemi learning

• tower health

• Latest

• University of North Dakota

• University of California, Irvine

• World class CME

• shandas

For more information on this report, please visit https://www.researchandmarkets.com/r/gmmpu6.

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