General Medicine Education Publishing Market
American Medical Association, American Council for Graduate Medical Education (ACGME), National Resident Matching Program (NRMP), Association of American Medical Colleges (AAMC), and Accreditation Council for Continuing Medical Education or (ACCME) in US and however, in UK, the General Medical Council is responsible for registering each new practitioner of the drug.
Global General Medicine Education Publishing Market: Drivers
The rising incidence of lifestyle-related diseases is likely to drive the growth of the global general medicine education publishing market in the near term. For example, as per the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are likely to affect by diabetes in 2019 globally and the number is likely to witness 578 million and 700 million by 2030 and 2045 respectively.
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Global General Medicine Education Publishing Market: Opportunities
Increasing investment in the education sector is likely to provide lucrative growth opportunities for market players. For example, the Government of India allocated US $ 11.23 billion for education funds in 2018, which increased by 10% in 2019 to US $ 12.39 billion.
Global General Medicine Education Publishing Market: Restraints
The availability of free educational materials, especially through Android apps, is likely to obstruct the market growth.
Global General Medicine Education Publishing Market: Key Takeaways
The size of the global general medicine education publishing market was estimated to account for US$ 3,888.6 Million in 2019 and during the estimated period (2020-2027) it is estimated to witness a value of US$ 6,651.5 Million at a CAGR of 7.0%. The rising incidence of lifestyle-related diseases is likely to drive the growth of the global general medicine education publishing market in the near term.
The online publishing segment of the global general pharmaceutical education publishing market has a 42.0% share in terms of value in 2019. The growing adoption of online courses is likely to drive market growth in the estimated period.
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Global General Medicine Education Publishing Market: Market Trends
The Eastern Hemisphere mobile apps market has not yet caught the trend of online education as most of the Asian market is the Android cell phone market and currently accounts for more than 85% of the smart phone market. This has reduced the market for apps as many Android mobile educational apps are available for free.
Custom publishing is currently one of the most lucrative markets for most publishers and is currently on a growing trend. The custom publishing market is a multi-billion-dollar market every year with huge opportunities in the medical field. This is extremely beneficial as custom publishing costs a lot more than traditional publishing. It is mainly undertaken by large corporations and universities which have sources of funds allocated for publishing university brochures, product catalogues, unique edition books in very high-quality papers and many other variations.
Global General Medicine Education Publishing Market: Key Developments
February 2020: Thieme Medical Publishers started to provide free access to specialist information on the coronavirus and other respiratory viruses at www.thieme.com/coronavirus
January 2020: John Wiley & Sons, Inc. purchased mthree, an education services provider and a part of ECI Partners LLP
Global General Medicine Education Publishing Market: Competitive Landscape
Key players performing in the global general medicine education publishing market are Wolters Kluwer N.V., John Wiley & Sons Inc., Thieme Medical Publishers, Springer Nature Switzerland AG, McGraw-Hill Education, Kaplan Inc., and RELX plc.
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