The U.S. healthcare professional training market size was estimated at around USD 230.65 million in 2022 and it is projected to hit around USD 481.16 million by 2032, growing at a CAGR of 7.63% from 2023 to 2032.
Key Pointers
Report Scope of the U.S. Healthcare Professional Training Market
Report Coverage | Details |
Market Size in 2022 | USD 230.65 million |
Revenue Forecast by 2032 | USD 481.16 million |
Growth rate from 2023 to 2032 | CAGR of 7.63% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Companies Covered | Nuance Communications; K Health; Ava; Lyssn.io; Healthily; Deep6.ai; Cass; Suki AI, Inc.; AiCure; KANINI Software Solutions; Orion Health; Microsoft Azure; Veradigm LLC; Kantify |
The demand for healthcare professionals, including physicians, nurses, pharmacists, and other allied health practitioners, has been consistently rising due to factors such as population growth, aging demographics, and advancements in medical treatments and technology. This has led to a need for more healthcare training programs. The healthcare system in the U.S. comprises private and public, for-profit, and non-profit insurers and providers.
The federal government supports the national Medicare program for persons 65 and over, along with certain people with disabilities, and programs for veterans and low-income people, such as Medicaid and the Children's Health Insurance Program. The federal government makes significant investments in the education, and training of healthcare professionals, and these programs provide the federal government another opportunity to influence quality and safety. For instance, the (SAMHSA) Substance Abuse and Mental Health Services Administration is an organization under the U.S. Department of Health and Human Services (HHS) for leading public health efforts to improve the nation's behavioral health.
The emergence of COVID-19 and growing internet penetration have increased the demand for medical education. Several schools and institutes throughout the country are embracing online education to provide more flexibility in learning. Students continue their medical education online post the shutdown, as online courses have various advantages. For example, these courses can be accessed anytime and from any location. They are inexpensive and can be customized to the student's preferred learning style.
Several hospitals and ambulatory surgery centers provide hybrid medical education, combining classroom and online learning options. According to the National Library of Medicine (NCBI), approximately 78% of medical schools successfully transitioned to online learning, even though only a few 13% offered many online courses before the pandemic, including the University of Kentucky, Stanford Medicine, and the University of Pennsylvania's Perelman School of Medicine, The Kaiser Permanente Bernard J. Tyson School of Medicine in Pasadena, California.
There has been a growing recognition of the importance of health equity in the U.S. healthcare system. This recognition also influences the trends in the healthcare professional training industry, with an increasing focus on addressing disparities and promoting equitable access to quality healthcare. Moreover, many healthcare professional training programs expanded their cultural competence training. For instance, medical schools incorporated workshops and modules on culturally responsive care, addressing topics such as providing LGBTQ+ inclusive care, understanding the unique healthcare needs of immigrant populations, and recognizing the impact of systemic racism on health outcomes.
Mode of Education Insights
The offline segment dominated the market with a revenue share of 71% in 2022. The offline segment refers to in-person or traditional classroom-based training, which has traditionally been a prominent and essential component of healthcare education. Many healthcare professional training programs require students to gain hands-on experience through clinical practice and experiential learning. This involves working directly with patients, healthcare teams, and mentors in healthcare settings. These practical experiences are typically conducted offline to provide students with real-world exposure and skill development.
The online segment is projected to grow at the highest CAGR of 12.53% during the forecast period. Online learning is less expensive than traditional schooling since it eliminates the need for travel and infrastructure. Universities and colleges are rapidly updating their curricula to accommodate online education system protocols, which is expected to boost the online segment throughout the projection period. In recent years, there has been a gradual shift toward online and hybrid models of healthcare professional training. Online learning platforms and technologies have been increasingly integrated into educational programs, offering flexibility, accessibility, and the opportunity for self-paced learning. This shift has been further accelerated by the COVID-19 pandemic, which necessitated remote learning and social distancing measures.
Organization Type Insights
In 2022, training institute was the dominating segment, with a revenue share of 39%. The factors attributed to the segment growth include advancements in medical technology, an aging population, and increased demand for specialized healthcare services. Training institutes play a crucial role in preparing individuals for careers in the healthcare industry by providing them with the necessary skills and knowledge. Moreover, training institutes introduce innovative medical programs and platforms in both conventional and online formats to increase student engagement and enrollment in the medical profession in response to the growing need to provide experience in quality care management and upskilling of medical knowledge of nurses, physical therapists, and others.
Hospitals in the U.S. are expanding their residency programs to meet the growing demand for healthcare professionals. This includes increasing the number of residency positions and developing new programs in various specialties. The expansion aims to train and retain a skilled workforce to address healthcare needs across different regions. For instance, in January 2019, The University of California, San Francisco (UCSF) Medical Center expanded its residency programs in primary care and specialty fields to address the shortage of physicians in underserved areas. They have increased the number of residency slots and established new training sites in rural communities.
End-user Insights
The individual user criteria segment led the market with a revenue share of 55% in 2022. The U.S. healthcare professional training serves diverse end-users, including individuals with different backgrounds, qualifications, and career goals. There has been an increasing trend of individuals from non-healthcare backgrounds seeking training and education to transition into healthcare professions.
For example, professionals from IT or business backgrounds may pursue training in healthcare informatics or management to enter the healthcare industry. Moreover, healthcare professionals seek additional training and education to enhance their skills and specialize in specific areas. For instance, a registered nurse may pursue training in a specialized field, such as critical care or pediatric nursing, to expand their career opportunities and provide specialized care.
The organization end-user segment is anticipated to hold the highest revenue share of the U.S. healthcare professional training industry in 2032. Moreover, it is also estimated to dominate the market throughout the forecast period. This is due to the surge in government initiatives to enhance the country's health training quality and professionalism. These organizations include groups of doctors, hospitals, and other healthcare providers with strong networks in collaboration with other health associations, which helps them raise funds for their program.
U.S. Healthcare Professional Training Market Segmentations:
By Mode of Education
By Organization Type
By End-user
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Mode of Education Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on U.S. Healthcare Professional Training Market
5.1. COVID-19 Landscape: U.S. Healthcare Professional Training Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. U.S. Healthcare Professional Training Market, By Mode of Education
8.1. U.S. Healthcare Professional Training Market, by Mode of Education, 2023-2032
8.1.1 Offline
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Online
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. U.S. Healthcare Professional Training Market, By Organization Type
9.1. U.S. Healthcare Professional Training Market, by Organization Type, 2023-2032
9.1.1. School of Medicine
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Public Sector Organizations
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Hospitals/Clinics
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Training Institutes
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. U.S. Healthcare Professional Training Market, By End-user
10.1. U.S. Healthcare Professional Training Market, by End-user, 2023-2032
10.1.1. Individual User Criteria
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Organizations
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. U.S. Healthcare Professional Training Market, Regional Estimates and Trend Forecast
11.1. U.S.
11.1.1. Market Revenue and Forecast, by Mode of Education (2020-2032)
11.1.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.1.3. Market Revenue and Forecast, by End-user (2020-2032)
Chapter 12. Company Profiles
12.1. Nuance Communications
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. K Health
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Ava
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Lyssn.io
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Healthily
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Deep6.ai
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Cass
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Suki AI, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. AiCure
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. KANINI Software Solutions
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms