Accreditation Council forContinuing Medical Education or (ACCME), Association of American MedicalColleges (AAMC), National Resident Matching Program (NRMP), American Councilfor Graduate Medical Education (ACGME), and American Medical Association awardlicense to practice medicine in the U.S., whereas in the U.K., the GeneralMedical Council is responsible for registering every new practitioner ofmedicine.
Statistics:
The global GeneralMedicine Education Publishing Market is estimated to account for US$6,651.5 Mn in terms of value by the end of 2027.
Global General Medicine EducationPublishing Market: Drivers
Increasing prevalence oflifestyle-associated diseases is expected to propel growth of the globalgeneral medicine education publishing market over the forecast period. Forinstance, according to the study, “Global and regional diabetes prevalenceestimates for 2019 and projections for 2030 and 2045: Results from theInternational Diabetes Federation Diabetes Atlas, 9th edition”, published inthe journal Diabetes Research and Clinical Practice, in September 2019, 463million people are expected to suffer from diabetes in 2019 worldwide and thenumber is expected to reach 578 million by 2030 and 700 million by 2045.
Global General Medicine EducationPublishing Market: Opportunities
Increasing investment in theeducation sector is expected to offer lucrative growth opportunities forplayers in the market. For instance, the Government of India allocated US$11.23 billion to the education fund in 2018, which increased by 10% in 2019 toreach US$ 12.39 billion.
Global General Medicine EducationPublishing Market: Restraints
Availability of free educationalmaterial, especially through Android apps, is expected to hinder growth of themarket.
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Key Takeaways:
The global general medicineeducation publishing market was valued at US$ 3,888.6 Mn in 2019 and isforecast to reach a value of US$ 6,651.5 Mn by 2027 at a CAGR of 7.0% between2020 and 2027. Increasing prevalence of lifestyle-associated diseases isexpected to propel growth of the global general medicine education publishing marketover the forecast period
Online publishing segment in theglobal general medicine education publishing market in 2019, accounting for42.0% share in terms of value. Increasing adoption of online courses isanticipated to drive the market growth during the forecast period.
Market Trends
Mobile apps market in the Easternhemisphere is yet to catch up with the trend of online education since most ofthe Asian market is an android cell-phone market and makes up over 85% ofcurrent smart phones market. This has reduced the market for apps since manyandroid mobile educational apps are available for free.
Custom publishing is currentlyone of the most lucrative markets for most publishers and is currently on arising trend. The custom publishing market is a multi-billion dollar market everyyear with great opportunities in the medical segment. It is highly lucrativesince the cost of custom publishing is much higher than conventionalpublishing.
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It is mostly undertaken by largecorporations and universities who have dedicated sources of funds allocated forpublishing university brochures, product catalogues, unique edition books invery high quality paper and many other variations.
Global General Medicine EducationPublishing Market: Competitive Landscape
Major players operating in theglobal general medicine education publishing market include, RELX plc, Kaplan,Inc., McGraw-Hill Education, Springer Nature Switzerland AG, Thieme MedicalPublishers, John Wiley & Sons, Inc., and Wolters Kluwer N.V.
Global General Medicine EducationPublishing Market: Key Developments
February 2020: Thieme MedicalPublishers started to provide free access to specialist information on thecoronavirus and other respiratory viruses at www.thieme.com/coronavirus
January 2020: John Wiley &Sons, Inc. acquired mthree, an education services provider and a part of ECIPartners LLP
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