CHICAGO, July 20, 2023 /PRNewswire/ -- According to Arizton's latest research report, the U.S. continuing medical education market will grow at a CAGR of 6.43%.
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The continuous and rapid evolution of technologies in the last few years has radically transformed the way people or healthcare professionals communicate, process knowledge, and seek information in the healthcare industry. Continuing Medical Education (CME) is no exception in this evolution. Even though CME is not a preferred learning medium, healthcare workers increasingly seek continuing education through digital channels and new technologies as they offer convenient access, personalization interactivity, and easier and more effective learning tracking. In the US, over 60% of healthcare professionals are ready to use online platforms for CME programs.
U.S. Continuing Medical Education Market Report Scope
Report Attributes | Details |
Market Size (2028) | USD 4.23 Billion |
Market Size (2022) | USD 2.91 Billion |
CAGR (2022-2028) | 6.43 % |
Base Year | 2022 |
Forecast Year | 2023-2028 |
Market Segmentation | Delivery Mode, Providers, Providership, and Application |
Geographic Analysis | United States |
Market Dynamics |
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Gamification Act as Advanced Pathway for Continuing Medical Education Market (CME) in the US
The rise in the adoption of gamification in CME programs is anticipated with the increase in technology adoption and easy access to e-learning platforms.
Gamification is one trending learning strategy that fills the gaps in remote CME. Incorporating gamification into live CME activities is known to improve the learner experience by enhancing interactivity and knowledge transfer and positively impacting learning. The gamification of CME programs entails the application of design elements from conventional games in medical education. Also, through repetitions and real-time feedback, game-based learning enhances the engagement and retention of course materials among medical professionals. However, game-based learning platforms cannot replace conventional medical education and skills.
The gamification segment of the US continuing medical education market has exceptional growth potential and offers lucrative growth opportunities for vendors. The new and effective e-learning CME delivery mode has enabled health professionals to comprehend care management and medication adherence. It is an interactive learning method that provides an easy learning pathway for physicians and other healthcare professionals to learn how to care for patients better and improve care outcomes. The growth and adoption of gamification in CME are driven by individual and professional usage and educational and other institutional adoption of gamified CME solutions.
Direct Providership Dominates Market Share while Joint Providership Surges with Fastest Growth Rate
The directly provided CME activity is planned/developed, implemented, and evaluated by accredited providers. The direct providership segment includes co-provided CME activities (offered by 2 accredited providers) offered by accredited providers awarding the credit. In recent years numerous bodies have introduced CME accreditation to ensure that the planning and conduct of CME follow defined standards without the influence of any commercial interest as a leading principle. Several healthcare companies have proposed that accrediting bodies designate them as direct providers of accredited CME programs.
The advantage of direct provider ship is that they are fully responsible for the accreditation of CME credits. Also, this credit system is valid and offered by only one CME provider, which is self-accredited or accredited by major CME-accredited bodies.
The Accreditation Council for Continuing Medical Education (ACCME) states that the jointly accredited provider ship provides CME activity by one or more accredited and non-accredited organizations. These ACCME providers plan and present one or more CME activities with non-accredited ACCME providers engaging in joint provider ship.
This method has been established for more than 25 years, affording accredited organizations the opportunity to collaborate with non-accredited authorities to improve the value of educational offerings and diversity in content delivery. The accredited providers are responsible for ensuring that jointly accredited provided CME activities comply with all ACCME rules and regulations and are accountable for demonstrating compliance during the reaccreditation process.
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Impact of COVID-19
The COVID-19 pandemic has positively impacted the market landscape regarding delivery mode, providers, and applications. There was a significant rise in demand for CME programs during the COVID-19 outbreak to enhance patient care delivery and management. However, various restrictions imposed in the Us during the outbreak affected the US continuing medical education market. The adoption of the e-learning delivery mode massively accelerated market growth. Millions of healthcare professionals have become well-known with online delivery modes for CME activities. The online CME program deliveries allowed by CME accreditation authorities with different approaches enabled market growth during the pandemic.
Revolutionizing the CME Market: Major Ongoing Trend Sees Reshaping with ChatGPT
Incorporating cutting-edge technologies has radically transformed the landscape of continuing medical education (CME) in the United States. Despite the challenges in implementing these advanced tools across various industries, their potential to reshape the CME market cannot be understated. Among these revolutionary technologies, Artificial Intelligence (AI) has paved the way for a new era of possibilities. The emergence of AI-powered chatbots, such as ChatGPT, holds the key to accelerating market growth in the US.
Medical professionals and students are witnessing a paradigm shift in the way they learn and develop essential skills, thanks to the transformative capabilities of ChatGPT. As the US CME market continues to evolve, advanced technologies are playing a vital role in supporting the growth and learning of medical experts. Chatbots, like ChatGPT, have become invaluable companions, engaging in meaningful conversations with medical professionals and aiding and information on diverse educational topics.
The market is witnessing an array of chatbot tools, but ChatGPT stands out as one of the most innovative and promising options available. With its potential to revolutionize CME market growth, ChatGPT facilitates seamless browsing of the internet to expand and update knowledge. This AI-powered tool offers associations, creative solutions, and up-to-date information to address pressing challenges in the medical field, reshaping the future of medical education and practice.
Company Profiles
- Acadoodle
- AcademicCME
- AffinityCE
- Antidote Education Company
- Albert Einstein College of Medicine
- AMA Ed Hub
- Amedco
- American Medical Seminars
- AO North America
- Aspirus
- AXIS Medical Education
- American College of Cardiology
- American Society for Metabolic and Bariatric Surgery
- Ballad Health
- Baptist Health South Florida
- Baylor College of Medicine
- BorderRAC
- Boston University School of Medicine (BUSM)
- Brody School of Medicine East Carolina University
- Bryan Health
- Bureau of Infectious Disease and Laboratory Sciences
- COPIC Insurance Company
- Curi
- CME Outfitters
- Current Reviews
- Carlat Publishing, LLC and Affiliates
- CME Planet
- Cine-Med
- CME Procedures
- Clinical Care Options
- Continuing Education Company
- EXCEL CME
- EdCompass
- EB Medicine
- Essential CME
- Forefront Collaborative
- Florida Psychiatric Society
- Georgia Chapter of the American College of Cardiology
- Haymarket Medical Education
- Greeley Company
- Global Education Group
- HonorHealth
- HealthSream
- Intellectures
- International Antiviral Society-USA
- Kenes Group
- Lowell General Hospital
- Med Learning Group
- Medicus
- MagMutual
- Med-IQ
- MedScape LLC. (WebMD)
- MIT Professional Education
- MLMIC Insurance Company
- NORCAL Mutual Insurance Company
- Oakstone CME
- Opus Medicus
- ProAssurance
- Relias LMS
- StatPearls
- Syandus
- Stanford Medicine
- The Board of Trustees of the University of Illinois
- The Indiana University School of Medicine
- The Center for Forensic Psychiatry
- The Trustees of Indiana University
- University of California (Irvine)
- University of North Dakota
- The MEDICAL MUTUAL Liability Insurance Society of Maryland
Market Segmentation
Delivery Mode
- Classroom Training
- E-Learning
- Regularly Scheduled Series
- Journal
- Others
Providers
- Non-profit Organizations (NPO) & Physician Membership Organizations (PMO)
- Publishing/Education Companies
- School of Medicine
- Hospital/Healthcare Delivery Systems
- Others
Providership
- Direct Providership
- Joint Providership
Application
- Oncology
- Cardiology
- Infectious Diseases
- Orthopedic
- Dental
- Primary Care
- Gastroenterology
- General Surgery
- Pediatric
- Allergy & Immunology
- Endocrinology & Metabolism
- Others
Key Questions Answered in the Report:
- How big is the U.S. continuing medical education market?
- What is the growth rate of the U.S. continuing medical education market?
- What are the rising trends in the U.S. continuing medical education market?
- Which application segment holds the most significant U.S. continuing medical education market share?
- What segments are covered in the U.S. continuing medical education market report?
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Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET BY DELIVERY MODE:
4.3.2 MARKET BY PROVIDER
4.3.3 MARKET BY PROVIDERSHIP
4.3.4 MARKET BY APPLICATION
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 OVERVIEW
6.1.1 US CONTINUING MEDICAL EDUCATION MARKET
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
9 MARKET OPPORTUNITIES & TRENDS
9.1 GAMIFICATION AS ADVANCED PATHWAY FOR CME
9.2 ROLE OF DIGITAL HEALTH SYSTEMS IN TRANSFORMING CME
9.3 INCREASING INVOLVEMENT OF NEXT-GENERATION SIMULATION TECHNOLOGY IN CME
9.4 RESHAPING OF CME WITH CHATGPT
10 MARKET GROWTH ENABLERS
10.1 HIGH PREFERENCE FOR SHORT-TERM CME COURSES
10.2 EMERGENCE OF UNKNOWN AND RARE HEALTH CONDITIONS
10.3 RISE IN MEDICAL SCHOOL ENROLLMENTS & NUMBER OF HEALTHCARE PROFESSIONALS
10.4 MANDATORY CME CREDIT REQUIREMENTS FOR HEALTHCARE PROFESSIONALS
11 MARKET RESTRAINTS
11.1 BIASED CME CONTENT DELIVERY DUE TO INFLUENCE OF BIOPHARMACEUTICAL INDUSTRY
11.2 CHALLENGES ASSOCIATED WITH CME MANAGEMENT
11.3 BARRIERS TO MAINTAINING CME ACCREDITATION
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.1.1 MARKET BY DELIVERY MODE: MARKET SHARE ANALYSIS
12.1.2 MARKET BY PROVIDER: MARKET SHARE ANALYSIS
12.1.3 MARKET BY PROVIDERSHIP: MARKET SHARE ANALYSIS
12.1.4 MARKET BY SPECIALTY: MARKET SHARE ANALYSIS
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 DELIVERY MODE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 CLASSROOM TRAINING
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.4 E-LEARNING
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.5 REGULARLY SCHEDULED SERIES (RSS)
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.6 JOURNALS
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.7 OTHERS
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST
14 PROVIDER
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 NON-PROFIT ORGANIZATIONS (NPOS) & PHYSICIAN MEMBERSHIP ORGANIZATIONS (PMOS)
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.4 PUBLISHING/EDUCATIONAL COMPANIES
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.5 SCHOOL OF MEDICINE
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.6 HOSPITALS & HEALTHCARE DELIVERY SYSTEMS
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.7 OTHERS
14.7.1 MARKET OVERVIEW
14.7.2 MARKET SIZE & FORECAST
15 PROVIDERSHIP
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 DIRECT PROVIDERSHIP
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.4 JOINT PROVIDERSHIP
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
16 SPECIALTY
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 ONCOLOGY
16.3.1 MARKET OVERVIEW
16.3.2 MARKET SIZE & FORECAST
16.4 CARDIOLOGY
16.4.1 MARKET OVERVIEW
16.4.2 MARKET SIZE & FORECAST
16.5 INFECTIOUS DISEASES
16.5.1 MARKET OVERVIEW
16.5.2 MARKET SIZE & FORECAST
16.6 ORTHOPEDICS
16.6.1 MARKET OVERVIEW
16.6.2 MARKET SIZE & FORECAST
16.7 DENTISTRY
16.7.1 MARKET OVERVIEW
16.7.2 MARKET SIZE & FORECAST
16.8 PRIMARY CARE
16.8.1 MARKET OVERVIEW
16.8.2 MARKET SIZE & FORECAST
16.9 GASTROENTEROLOGY
16.9.1 MARKET OVERVIEW
16.9.2 MARKET SIZE & FORECAST
16.10 GENERAL SURGERY
16.10.1 MARKET OVERVIEW
16.10.2 MARKET SIZE & FORECAST
16.11 PEDIATRICS
16.11.1 MARKET OVERVIEW
16.11.2 MARKET SIZE & FORECAST
16.12 ALLERGY & IMMUNOLOGY
16.12.1 MARKET OVERVIEW
16.12.2 MARKET SIZE & FORECAST
16.13 ENDOCRINOLOGY & METABOLISM
16.13.1 MARKET OVERVIEW
16.13.2 MARKET SIZE & FORECAST
16.14 OTHERS
16.14.1 MARKET OVERVIEW
16.14.2 MARKET SIZE & FORECAST
17 COMPETITIVE LANDSCAPE
17.1 COMPETITION OVERVIEW
18 COMPANY PROFILES
18.1 ACADDODLE
18.1.1 BUSINESS OVERVIEW
18.1.2 PRODUCT OFFERINGS
18.2 ACADEMICCME
18.3 AFFINITYCE
18.4 ANTIDOTE EDUCATION COMPANY
18.5 ALBERT EINSTEIN COLLEGE OF MEDICINE
18.6 AMA EDHUB
18.7 AMEDCO
18.8 AMERICAN MEDICAL SEMINARS
18.9 AO NORTH AMERICA
18.10 ASPIRUS
18.11 AXIS MEDICAL EDUCATION
18.12 AMERICAN COLLEGE OF CARDIOLOGY
18.13 AMERICAN SOCIETY FOR METABOLIC AND BARIATRIC SURGERY
18.14 BALLAD HEALTH
18.15 BAPTISTS HEALTH SOUTH FLORIDA
18.16 BAYLOR COLLEGE OF MEDICINE
18.17 BORDERRAC
18.18 BOSTON UNIVERSITY SCHOOL OF MEDICINE
18.19 BRODY SCHOOL OF MEDICINE EAST CAROLINA UNIVERSITY
18.20 BRYAN HEALTH
18.21 BUREAU OF INFECTIOUS DISEASES AND LABORATORY SCIENCES
18.22 COPIC INSURANCE COMPANY
18.23 CURI
18.24 CME OUTFITTERS
18.25 CURRENT REVIEWS
18.26 CARLAT PUBLISHING, LLC AND AFFILIATES
18.27 CMEPLANET
18.28 CINE-MED
18.29 CME PROCEDURES
18.30 CLINICAL CARE OPTIONS
18.31 CONTINUING EDUCATION COMPANY
18.32 EXCEL CME
18.33 EDCOMPASS
18.34 EB MEDICINE
18.34.1 BUSINESS OVERVIEW
18.34.2 PRODUCT OFFERINGS
18.35 ESSENTIAL CME
18.36 FOREFRONT COLLABORATIVE
18.37 FLORIDA PSYCHIATRIC SOCIETY
18.38 GA OF THE AMERICAN COLLEGE OF CARDIOLOGY
18.39 HAYMARKET MEDICAL EDUCATION
18.40 GREELEY COMPANY
18.41 GLOBAL EDUCATION GROUP
18.42 HONORHEALTH
18.43 HEALTHSTREAM
18.44 INTELLECTURES
18.45 INTERNATIONAL ANTIVIRAL SOCIETY-USA
18.46 KENES GROUP
18.47 LOWELL GENERAL HOSPITALS
18.48 MED LEARNING GROUP
18.49 MEDICUS
18.50 MAGMUTUAL
18.51 MED-IQ
18.52 MEDSCAPE LLC (WEBMED)
18.53 MIT PROFESSIONALS EDUCATION
18.54 MLMIC INSURANCE COMPANY
18.55 NORCAL MUTUAL INSURANCE COMPANY
18.56 OAKSTONE CME
18.57 OPUS MEDICUS
18.58 PROASSURANCE
18.59 RELIAS LMS
18.60 STATPEARLS
18.61 SYANDUS
18.62 STANFORD MEDICINE
18.63 THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
18.64 THE TRUSTEES OF INDIANA UNIVERSITY
18.65 THE CENTER FOR FORENSIC PSYCHIATRY (CEP)
18.66 UNIVERSITY OF CALIFORNIA
18.67 UNIVERSITY OF NORTH DAKOTA
18.68 THE MEDICAL MUTUAL LIABILITY INSURANCE SOCIETY OF MARYLAND
19 REPORT SUMMARY
19.1 KEY TAKEAWAYS
19.2 STRATEGIC RECOMMENDATIONS
20 QUANTITATIVE SUMMARY
20.1 MARKET BY DELIVERY MODE
20.2 MARKET BY PROVIDER
20.3 MARKET BY PROVIDERSHIP
20.4 MARKET BY APPLICATION
21 APPENDIX
21.1 ABBREVIATIONS
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