Global Healthcare Education Solution Market Size

Healthcare Education Solution Market Analysis

The Global Healthcare Education Solution Market size is estimated at USD 9.06 billion in 2024, and is expected to reach USD 15.24 billion by 2029, growing at a CAGR of 10.95% during the forecast period (2024-2029).

Beyond reagent and supply limitations, the COVID-19 pandemic is having a severe impact on infectious disease detection and clinical laboratory operations. Due to the increased workload, laboratories were required to mobilize personnel and resources to support SARS-CoV-2 testing, which hampered diagnostic testing of other infectious diseases of public health concern, such as STIs and healthcare-associated infections (HAIs). Various research articles and studies have been published to understand the impact of COVID on healthcare training and education. For instance, in April 2021, a research article published by HealthStream titled "Best Practices for Healthcare Training During the COVID-19 Pandemic" stated that there also is a widening gap between nurses with less experience and patients whose conditions are far more complex. To close this gap, organizations need to teach novice nurses more effectively, change onboarding, and transition them to competency more quickly.

Factors such as increasing diseases, product launches, and other initiatives by key market players are likely to boost the market. The burden of infectious diseases across the world is increasing, which is resulting in the rising focus on diagnosis and treatment of the same. According to the Center for Disease Control and Prevention (CDC), in March 2022, the number of new tuberculosis cases found in the United States was around 7,860, a a rate of 2.4 per 100,000 persons in 2021. Thus, the high prevalence rate of people with tuberculosis surges the demand for its diagnosis, thereby driving the market. According to the CDC article published in February 2022, Salmonella bacteria causes about 1.35 million infections, 26,500 hospitalizations, and 420 deaths in the United States every year. A high number of infectious diseases every year creates a burden on the healthcare system in the country. Hence, the created burden could be minimized by the implementation of awareness programs and providing education related to the prevention and treatment of the diseases. For instance, the World Antimicrobial Awareness Week (WAAW) is celebrated annually, which aims to increase awareness of global antimicrobial resistance and to encourage best practices among the general public, health workers and policy makers to avoid the further emergence and spread of drug-resistant infections. Therefore, the increase in awareness of infection would result in the implementation of healthcare education that may boost the market studied.

Initiatives by key market players, such as product launches, acquisitions, etc., are expected to increase the market growth. For instance, in January 2021, Olympus Corporation launched a new comprehensive educational platform designed to provide healthcare professionals (HCPs) all over the world. Furthermore, in April 2020, Learning solutions company eLearning Brothers acquired Trivantis and Edulence. The acquisition of Trivantis and Edulence provided a learning ecosystem for professionals worldwide.

Hence, due to the abovementioned factors, the market is expected to grow in the future.