Continuing Medical Education Market: Introduction
Continuing medical education has been one of the crucial parts of the healthcare industry. Health care professionals need to keep themselves up-to-date with changes in the medical field and treatment options relevant to their area of expertise. The main objective of keeping health professionals abreast of the developments in the field is that it helps the doctor with pioneering knowledge and skills.
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Continuing medical education is mandatory physicians at some places, as they are require to have specified number of credits annually to maintain their medical licenses. Well-established universities and colleges in the field of healthcare, medicines, or pharma provide continuous support through regularly scheduled programs which includes conferences, learning materials, and performance improvement activities.
The COVID-19 Pandemic has hampered continuing medical education, but it has also created further opportunities by adoption of online education (E-education) platforms such as digital courses, conferences, and medical blogs. Consequently, online learning services providers are expected to boost the market
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Key Drivers, Restraints, and Opportunities of Global Continuing Medical Education Market
Consistent expansion of the healthcare industry and occurrence of newer diseases requires updated medical knowledge, which in turn drives the continuing medical education market. Government support and presence of well-known college/institutes providing quality education to professionals also propel the market.
Sometimes, additional cost and putting extra effort to pursue continuing medical education while continuing professional work becomes difficult for doctors, which hampers the global continuing medical education market. However, this issue can be resolved after the introduction of digital education option, which is expected to help cover more number of doctors and healthcare professionals.
More interactive education options and flexibility to continue education as per the personal choice of healthcare professionals are likely to offer significant opportunities for the global continuing medical education market
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North America to Dominate Global Continuing Medical Education Market
North America is the leading region of the global continuing medical education market. Rise in number of doctors has been a major factor driving the market in the region. According to World Bank, there have been 2.7 physicians per 1000 people, which is more than the recommended average of 1 physician per 1000 people by WHO. Moreover, in some states, it’s mandatory to have continuing medical education credits to maintain practicing licences, thereby boosting the continuing medical education market in the region.
The continuing medical education market is projected to expand at a rapid pace in Asia Pacific. The region witnesses a high demand for physician and health care professionals due to the presence of highly populated countries in the world.
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Key Players Continuing Medical Education Market
The global continuing medical education market is highly fragmented, with the presence of various key players. A large number of manufacturers hold a major share in their respective regions. Major players operating in the global continuing medical education market are:
- GE Healthcare
- Koninklijke Phillips
- Siemens Healthineers
- Trivantis Corporation
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