(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The "U.S. Continuing Medical Education (CME) market - industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The U.S. Continuing Medical Education (CME) Market was valued at USD 3.21 Billion in 2023, and is expected to reach USD 4.40 Billion by 2029, rising at a CAGR of 5.40%.
The Continuing Medical Education market in the U.S. represents a vital segment of the healthcare industry dedicated to maintaining and enhancing the competence and performance of healthcare professionals. This market is driven by the ongoing need for medical practitioners to stay updated with the latest medical science, technology, and patient care developments. The U.S. continuing medical education market is characterized by various providers, various educational formats, stringent accreditation standards, and significant regulatory requirements. Furthermore, the market is extensive and multifaceted, encompassing numerous stakeholders, including medical schools, hospitals, professional associations, private educational companies, and online learning platforms. These entities offer a broad spectrum of CME activities such as live events (conferences, workshops, seminars), enduring materials, online courses, journals, and hands-on training sessions. The goal is to provide continuous education that is accessible, relevant, and effective for medical professionals across various specialties.
MARKET TRENDS & DRIVERS
Increasing Involvement of Next-generation Simulation Technology in CME
Next-generation simulation technology, such as virtual reality and augmented reality, is revolutionizing CME by providing immersive, hands-on training experiences. Simulation technology as an educational tool is revolutionizing medical education, including acquiring and maintaining skills and knowledge, integrating technology into a comprehensive clinical curriculum that includes certification and recertification, and adopting proficiency and awareness, practical and competent improvement, and measurement of results. This technology enables healthcare professionals to practice procedures and clinical scenarios in a risk-free environment, enhancing skill acquisition and retention, thus driving growth in the U.S. continuing medical education (CME) market.
Increased Demand For Mobile Platform Education
The demand for mobile platform education in CME is rising as healthcare professionals seek convenient, on-the-go learning options. Smartphone applications provide interactive learning and constant connection using question-and-answer sections. Several CME providers have proposed interactive methods as a tool for CME. Moreover, smartphone-based online CME methods could offer greater flexibility during training as they improve access for geographically dispersed learners. Also, mobile apps and responsive web-based courses provide flexibility and accessibility, allowing learners to engage with CME content anytime and anywhere, significantly boosting participation and engagement.
Launch of Improved Program and Activity Reporting System (PARS) and CME Passport
Launching the Improved Program and Activity Reporting System (PARS) and CME Passport represents a significant advancement in the U.S. continuing medical education market, offering new efficiency, transparency, and engagement opportunities. These innovative tools streamline reporting and tracking processes, enhance CME programs' quality, and improve healthcare professionals' experience. As the CME landscape continues to evolve, adopting such systems will play a crucial role in supporting the ongoing professional development of healthcare providers and advancing the overall quality of care.
Stringent Regulatory Mandates
Stringent regulatory mandates are pivotal in driving the U.S. continuing medical education market, shaping the quality, relevance, and effectiveness of continuing medical education. By enforcing rigorous accreditation standards, requiring transparency in conflict of interest disclosures, emphasizing outcomes-based education, and ensuring compliance with state and federal regulations, these mandates drive CME providers to deliver high-quality educational programs. The impact of these regulations extends beyond the CME market, contributing to the competence of healthcare professionals, improved patient outcomes, and increased accountability in medical education.
Growing Collaboration Between Accreditation Providers & State Medical Boards
The growing collaboration between accreditation providers and state medical boards drives the U.S. continuing medical education market. This partnership enhances the quality, relevance, and accessibility of CME programs, ensuring that healthcare professionals receive the education they need to provide high-quality care. By leveraging technological advancements, fostering interstate cooperation, and focusing on outcomes-based education, accreditation providers and state medical boards can continue to drive improvements in the CME market, ultimately benefiting healthcare providers and patients.
Also, collaboration can lead to the development of more accessible CME opportunities. Accreditation providers and state medical boards can work together to identify barriers to CME participation and implement strategies to overcome them. This may include the creation of online CME platforms, offering scholarships or subsidies, and developing programs that cater to the schedules and needs of busy healthcare professionals.
VENDOR LANDSCAPE
The U.S. continuing medical education market is a dynamic and competitive landscape characterized by diverse providers and platforms, evolving educational needs, and rapid medical knowledge and technology advancements. Understanding the competitive landscape of the CME market is essential for stakeholders, including healthcare professionals, CME providers, and educational institutions. Prestigious academic medical centers and universities, such as Harvard Medical School, Mayo Clinic, and Johns Hopkins University, are major players in the U.S. continuing medical education market.
These institutions offer a wide range of CME programs that leverage their expertise in medical research, clinical practice, and educational excellence. Their reputation and resources provide a competitive edge in attracting healthcare professionals seeking high-quality education. Moreover, professional associations, including the American Medical Association (AMA), the American College of Physicians (ACP), and the American Academy of Family Physicians (AAFP), play a significant role in the CME market.
CME Providers
AcademicCME Acadoodle AffinityCE Albert Einstein College of Medicine AMA Ed Hub AMDA - The Society for Post-Acute and Long-Term Care Medicine: American Academy of Allergy, Asthma & Immunology American Academy of Family Physicians American Academy of Sleep Medicine American College of Cardiology American Medical Seminars American Society for Metabolic and Bariatric Surgery Antidote Education Company AO North America Aspirus AXIS Medical Education Ballad Health Baptist Health South Florida Baylor College of Medicine BorderRAC Boston University School of Medicine Brody School of Medicine East Carolina University Bryan Health Bureau of Infectious Disease and Laboratory Sciences Cine-Med CME Outfitters CME Procedures Continuing Education Company COPIC Insurance Company Curi Current Reviews EB Medicine Essential CME EXCEL CME Florida Psychiatric Society Forefront Collaborative Georgia Chapter of the American College of Cardiology Great Valley Publishing Company Greeley Company Haymarket Medical Education HonorHealth Indiana University School of Medicine Kenes Group Lowell General Hospital MagMutual Med Learning Group Medicus Med-IQ MedScape MLMIC Insurance Company NORCAL Mutual Insurance Company Oakstone CME Opus Medicus Orthopaedic Trauma Association Penn Medicine Lancaster General Health PESI Healthcare Relias Research To Practice (RTP) Rockpointe Corporation Salus Global Stanford Medicine The Carlat CME Institute The Center for Forensic Psychiatry The MEDICAL MUTUAL Liability Insurance Society of Maryland The Society for Simulation in Healthcare Tower Health University of California, Irvine University of North Dakota UpToDate World Class CME
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 309 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $3.21 Billion |
| Forecasted Market Value (USD) by 2029 | $4.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | United States |
Key Topics Covered:
1. Scope & Coverage
2. Premium Insights
3. Market at a Glance
4. Introduction
5. Market Opportunities & Trends
5.1. Increasing Involvement of Next-Generation Simulation Technology in CME
5.2. Increased Demand for Mobile Platform Education
5.3. Increased Adoption of CME Among Non-Physician Healthcare Professionals
5.4. Gamification as an Advanced Pathway for CME
5.5. Launch of Improved Program and Activity Reporting System (Pars) and CME Passport
6. Market Growth Enablers
6.1. Stringent Regulatory Mandates
6.2. Increased Demand for Shorter & Personalized CME Programs
6.3. Increasing Number of Medical Student Enrollments & Healthcare Professionals
6.4. Growing Collaborations Between Accreditation Providers & State Medical Boards
6.5. Increasing Renewal and Growth in Accredited Continuing Education
7. Market Restraints
7.1. Pharma Influence Creates Biased CME Content
7.2. CME Management Challenges
7.3. Barriers in Maintaining CME Accreditation
8. Market Landscape
8.1. Market Overview
8.2. Market Size & Forecast
8.3. Five Forces Analysis
9. Delivery Mode
9.1. Market Snapshot & Growth Engine
9.2. Market Overview
9.3. Classroom Training
9.4. E-Learning
9.5. Regularly-Scheduled Series (RSS)
9.6. Jornals
9.7. Others
10. Providership
10.1. Market Snapshot & Growth Engine
10.2. Market Overview
10.3. Directly Provided
10.4. Jointly Provided
11. Providers
11.1. Market Snapshot & Growth Engine
11.2. Market Overview
11.3. Non-Profit Organization (Npo)/Physician Membership Organization
11.4. Publishing/Education Company
11.5. Schools of Medicine
11.6. Hospitals/Healthcare Delivery Systems
11.7. Others
12. Specialty
12.1. Market Snapshot & Growth Engine
12.2. Market Overview
12.3. Oncology
12.4. Cardiology
12.5. Infectious Diseases
12.6. Orthopedic
12.7. Dental
12.8. Primary Care
12.9. Gastroenterology
12.10. General Surgery
12.11. Pediatric
12.12. Allergy & Immunology
12.13. Endocrinology & Metabolsim
12.14. Others
13. Geography
13.1. Market Snapshot & Growth Engine
13.2. Geographic Overview
14. Southern
15. Northeast
16. Central
17. Western
18. Competitive Landscape
19. CME Providers
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U.S. Continuing Medical Education (CME) Market
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