Nursing Education Market is expected to reach USD 11496.17 million by 2029
The World Health Organization (WHO) predicts an increase in global demand for health and social care workers, with 40 million new jobs created by 2030. According to WHO, the global workforce in healthcare will be 12.9 million short in 2035. Some of the reasons attributed to the global shortage of healthcare workers include an ageing workforce, fewer people entering the profession, early retirements, inadequate training, and increasing demands.
Data Bridge Market Research analyses that the nursing education market which was USD 7852.57 million in 2021, is expected to reach USD 11496.17 million by 2029, at a CAGR of 4.88% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Global Nursing Education Market Dynamics
Drivers
- Rising nurse practitioners
According to a study published in Health Affairs, “the number of physicians choosing primary care careers remains insufficient to replace those retiring.” “This is especially true in rural areas where providers are in short supply. As a result, practises may increase their use of non-physician providers such as nurse practitioners.” The shortage of primary care physicians, more family nurse practitioners, are needed. These and other advanced practise nurses, such as nurse midwives and nurse anaesthetists, are far less expensive than physicians. And as access to care grows, the incentive to drive down costs is stronger than ever. These are the certain factors which will grow the market.
- High demand of nursing
Nursing is in high demand and projections indicate that it will continue to rise. Demographic changes, such as large ageing populations in many countries around the world, fuel this demand. Globally, health challenges are changing and becoming more complex as a result of an ageing population with a chronic disease burden, such as cardiovascular, hypertension, diabetes, and mental health conditions.
Opportunities
- Growing demand for certification and degrees
The growing demand for certification and degrees among students in order to gain a competitive edge is expected to fuel market growth. Rising demand for nurses in hospitals, high adoption of social media to learn and create communities, increasing number of nursing colleges and institutes worldwide, unrelenting change in healthcare technology and patient care, and escalating motivation to advance professional knowledge among younger generations have all contributed to increased demand for nursing education market from 2022 to 2029.
Restraints/Challenges
- High cost
The cost factor, in conjunction with the nursing education courses offered by universities and institutes, may stymie the growth of the nursing education market during the forecast period. The importance of education and practical knowledge provided by various nursing organizations and high start-up costs will pose significant challenges to market growth.
This nursing education market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nursing education market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Nursing Education Market Scope
The nursing education market is segmented on the basis of type, mode of education, courses, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Associate Degree (AD)
- Baccalaureate Degree (BS)
- Diploma
Mode of Education
- On-Campus
- Distance
- Online
Courses
- Post Graduate
- Graduate
Application
- Conventional Universities
- Nursing Programs in Colleges
End User
- Hospitals
- Home Healthcare Services
Some of the major players operating in the nursing education market are:
- National University of Singapore (Singapore)
- Duke University (U.S.)
- Jamia Hamdard (India)
- Johns Hopkins University (U.S.)
- University of Pennsylvania (U.S.)
- Peking Union Medical College (China)
- Keio University (Japan)
- University of California (U.S.)
- AIIMS (India)
- Peking University (China)
- King’s College London (KCL) (U.K.)
- The University of Tokyo (Japan)
- University of Manchester (U.K.)
- Karolinska Institute (Sweden)
