The U.S. Continuing Education Market to Reach $93.25 Billion by 2028; ChatGPT Opening Up Enormous Opportunities - Arizton

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Apr 20, 2023, 14:55 ET

CHICAGO, April 20, 2023 /PRNewswire/ -- According to Arizton's latest research report, the US continuing education market will grow at a CAGR of 7.47% from 2022-2027.

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BROWSE IN-DEPTH TOC ON THE US CONTINUING MEDICAL EDUCATION MARKET        

97 - Tables         
106 - Charts         
241 – Pages    

In the US, continuing education is a critical element of the licensing process. Most regulated professions require a certain level of education to acquire a license. Professionals in specialized fields must submit proof of continuing education for license renewal/re-licensures in several sectors. CE can be defined as any additional relevant education undertaken by professionals after receiving their initial license. Some professions, such as teachers, lawyers, healthcare workers, accountants, engineers, and others, require CE credits to accelerate their careers, thereby demanding CE programs and developing market growth across the US.

Industries are becoming highly complex and competitive. The U.S. is one of the leading industrialized countries in the world. The U.S. industries are known for the early adoption of new technologies and procedures, which can potentially transform the industry landscape. Workers should be mindful of new trends and patterns, from environmental concerns to social justice issues and cultural trends to transformative technologies. The burden and challenges for employers and employees are becoming diverse and complex, resulting in high demand for skilled workers as the competition among industries is rapidly increasing. Hence, courses in the U.S. continuing education market will be grounded in future demands. Contemporary challenges can help companies remain competitive and prepare their workforce for upcoming opportunities.

U.S. Continuing Education Market Report Scope

Report Attributes	Details
Market Size (2028)	USD 93.25 Billion
Market Size (2022)	USD 60.52 Billion
CAGR (2022-2028)	7.47 %
Base Year	2022
Forecast Year	2023-2028
Market Segmentation	Delivery Mode, Profession, Providers, and CME by Healthcare Professionals
Market Drivers	Increased Competitiveness among Industries Increasing Demand for Professional Development Significant Developments in Healthcare & Engineering Industries Implementation of Hybrid Delivery Platforms for Continuing Education

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Significant Developments in Healthcare & Engineering Industries Creating Demand for Continuing Education in the US

Continuing education includes collaborations with several industries. Several industries in the US are constantly evolving with rapid space. The US population is known for the early adoption of new fields. Healthcare, engineering, and others are rapidly growing industries witnessing high competencies. On another side, lifelong learning in every field is becoming a vital factor that delivers lucrative market growth opportunities.

Healthcare has been one of the leading industries in the US for several decades; however, the COVID-19 pandemic has significantly transformed it and witnessed changes in the industry landscape from research and development to care delivery. The COVID-19 pandemic revolutionized the US healthcare sector with automation, digitalization, advancement, research and development, clinical practices, and technologies. As the healthcare field in the US grows exponentially, medical professionals have increased the demand for CME programs to tackle critical challenges in their specialty. In the US, most states require physicians and some other medical professionals to obtain CME credits to regularize and maintain their state medical licenses, as well as the majority of hospitals require a specified number of credits to maintain their privileges, which leads to increasing popularity and demand for CME programs in the healthcare field.

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In 2022, Classroom Training Accounted for 42% Share of the US Continuing Education Market

In continuing education, attending classroom-based CE programs delivered by an expert instructor with many other learners in the same room allows more creativity and free-flowing thinking. Furthermore, prefer to learn in their workplace, where they can present ideas to others as they learn, which can further help enrich the learning experience. The preference for classroom learning is declining compared with online learning. Although in the US, most CE learners prefer classroom learning over other methods because classroom learning increases potential skills and knowledge development under expert surveillance. In addition, face-to-face/in-person CE learning experienced high penetration and is an accepted concept from long back across the US and the world. This significantly impacts the preference for delivery mode, with classroom learning being one of the methods experiencing high adoption by students compared with professionals.

ChatGPT is the Contributing High to the Development of Continuing Education

Implementing Al in continuing education opens the door for many opportunities, including Chatbot (ChatGPT), one of the emerging technologies with high potential to accelerate market growth in the United States. As continuing education continuously evolves, technologies are vital in helping professionals grow and learn. Chatbots can converse with professionals (humans), offering them assistance and information on broad educational areas. ChatGPT is one of the most innovative chatbot tools currently available with high potential. In the U.S. continuing education market, ChatGPT is helping to browse the internet to expand and update knowledge through associations, creative solutions, and new information about pressing problems.

Company Profiles

360training
Aceable
Acadoodle
Albert Einstein College of Medicine
Advancement Courses
Antidote Education Company
AMA EDHUB
AO North America
AcademicCME
AffinityCE
Amedco
American Medical Seminar
AXIS Medical Education
Aspirus
BooqSmart.com
BlackRock
COPIC Insurance Company
CME Outfitters
CPAwebengage, Inc.
Curi
Current Reviews
Carlat CME Institute
CMEPlanet
Cine-Med
EXCEL CME
EZ-pdh.com (Ezekiel Enterprises)
EdCompass
Forefront Collaborative
Greeley Company
Global Education Company
HonorHealth
HealthSream
Illinois Online
Kaplan
MCKISSOCK LEARNING
MedScape (WebMD)
MIT Professional Education
North Dakota State University
National Society of Professional Engineers
Norcal Mutual Insurance Company
PDH Academy
RCEP
Relias LMS
Sequoia CPE
StatPearls
Strafford LLC
Syandus
SafetyPro Training Center
Stanford Medicine
Salus Global
The American College of Financial Services
Salus University
TheCEShop.com
University of San Diego
Titan Continuing Education
University of South Alabama
University of California (Irvine)
University Professional and Continuing Education Association
University of North Dakota

Market Segmentation

Delivery Mode

Classroom Learning
E-learning
Regularly Schedules Series
Journals
Others

Profession

Healthcare Workers
Engineers
Accountants
Educators
Architects
Lawyers
Others

Providers

Educational Institutions
Educational Companies
Non-profit Organizations
Others

Check Out Some of the Latest Top-Selling Research Reports:

Continuing Medical Education Market - Global Outlook & Forecast 2023-2028: The global continuing medical education market size to reach USD 11.57 billion by 2026. The global CME market is expected to experience an increase in demand as the number of medical school graduates increases. Doctors and other medical professionals must continuously educate themselves on evolving developments within their practice throughout their careers.

U.S. Employee Assistance Program Services Market - Industry Outlook and Forecast 2022-2027: The U.S. employee assistance program services market to reach $3 billion by 2027. The U.S. employee assistance services market is dominated by the demand for personal & work stress services, followed by mental health services.

E-learning Market - Global Outlook and Forecast 2022-2027: The global e-learning market to reach USD 475.60 billion by 2027. The US, China, and India are among the biggest Edtech markets. With the rise of artificial intelligence and digitization, the online education business is undergoing a digital revolution and is expected to witness a boom in demand.

U.S. Continuing Medical Education Market - Industry Outlook & Forecast 2022-2027: The U.S. continuing medical education market size is expected to reach USD 3.83 billion by 2027. During COVID-19, the demand for physicians has gone drastically high. The physicians working in the outpatient ward for years were now supposed to handle the ventilator in the emergency room. Thus, skill gaps were required to be filled. Therefore COVID-19 supported the growth of the U.S. continuing medical education market.

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 PROFESSIONS

4.3.3 MARKET BY PROVIDERS

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 OVERVIEW

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 LIST OF PROFESSIONS REQUIRING CONTINUING EDUCATION IN US

8.2 GLOBAL CONTINUING EDUCATION OUTLOOK

8.2.1 OVERVIEW

8.2.2 COMPARISON OF GLOBAL CE MARKET WITH THE US CE MARKET

8.2.3 LEARNERS PREFERENCES & BEHAVIORAL PATTERNS TOWARD CE PROGRAMS

8.2.4 OFFLINE & ONLINE CE PROGRAMS: COMPARISON ANALYSIS

9 MARKET OPPORTUNITIES & TRENDS

9.1 ADVANCED TECHNOLOGIES TRANSFORMING CONTINUING EDUCATION

9.2 EMERGING FIELDS FOR CONTINUING EDUCATION

9.3 BADGING, MICRO CREDENTIAL, AND BLOCKCHAIN CREDENTIAL DISTRIBUTION IN CONTINUING EDUCATION

9.4 CHATGPT IS THE FUTURE OF CONTINUING EDUCATION

10 MARKET GROWTH ENABLERS

10.1 INCREASED COMPETITIVENESS AMONG INDUSTRIES

10.2 INCREASING DEMAND FOR PROFESSIONAL DEVELOPMENT

10.3 SIGNIFICANT DEVELOPMENTS IN HEALTHCARE AND ENGINEERING INDUSTRIES

10.4 IMPLEMENTATION OF HYBRID DELIVERY PLATFORMS FOR CONTINUING EDUCATION

11 MARKET RESTRAINTS

11.1 BIASED CONTENT DELIVERY IN INDUSTRY SPONSORED CONTINUING EDUCATION

11.2 CHALLENGES IN CE PROGRAM DELIVERIES & ALTERNATIVE PLATFORMS

11.3 CHALLENGES IN MAINTAINING CME CREDITS IN HEALTHCARE SECTOR

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.1.1 INSIGHTS BY DELIVERY MODE: MARKET SHARE ANALYSIS 2022 & 2028

12.1.2 INSIGHTS BY PROFESSION: MARKET SHARE ANALYSIS 2022 & 2028

12.1.3 INSIGHTS BY PROVIDERS: MARKET SHARE ANALYSIS 2022 & 2028

12.1.4 INSIGHTS BY CONTINUING MEDICAL EDUCATION MARKET BY HEALTHCARE PROFESSIONALS: MARKET SHARE ANALYSIS 2022 & 2028

12.1.5 INSIGHTS BY CONTINUING MEDICAL EDUCATION MARKET BY PHYSICIANS: MARKET SHARE ANALYSIS 2022 & 2028

12.1.6 INSIGHTS BY CONTINUING MEDICAL EDUCATION MARKET BY ALLIED HEALTH PROFESSIONALS: MARKET SHARE ANALYSIS 2022 & 2028

12.1.7 INSIGHTS BY CONTINUING MEDICAL EDUCATION MARKET BY NURSING: MARKET SHARE ANALYSIS 2022 & 2028

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

13.2.1 MARKET BY DELIVERY MODE

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

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 PROFESSION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.2.1 MARKET BY PROFESSION

14.3 HEALTHCARE WORKERS

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.4 ENGINEERS

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.5 ACCOUNTANTS

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.6 EDUCATORS

14.6.1 MARKET OVERVIEW

14.6.2 MARKET SIZE & FORECAST

14.7 ARCHITECTS

14.7.1 MARKET OVERVIEW

14.7.2 MARKET SIZE & FORECAST

14.8 LAWYERS

14.8.1 MARKET OVERVIEW

14.8.2 MARKET SIZE & FORECAST

14.9 OTHERS

14.9.1 MARKET OVERVIEW

14.9.2 MARKET SIZE & FORECAST

15 PROVIDERS

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.2.1 MARKET BY PROVIDER

15.3 EDUCATIONAL INSTITUTIONS

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.4 EDUCATIONAL COMPANIES

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.5 NON-PROFIT ORGANIZATIONS

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.6 OTHERS

15.6.1 MARKET OVERVIEW

15.6.2 MARKET SIZE & FORECAST

16 COMPETITIVE LANDSCAPE

16.1 COMPETITION OVERVIEW

16.2 MARKET SHARE ANALYSIS

17 COMPANY PROFILES

17.1 360TRAINING

17.1.1 BUSINESS OVERVIEW

17.1.2 PRODUCT OFFERINGS

17.2 ACEABLE

17.3 ACADOODLE

17.4 ALBERT EINSTEIN COLLEGE OF MEDICINE

17.5 ADVANCEMENT COURSES

17.6 ANTIDOTE EDUCATION COMPANY

17.7 AMA EDHUB

17.8 AO NORTH AMERICA

17.9 ACADEMICCME

17.10 AFFINITYCE

17.11 AMEDCO

17.12 AMERICAN MEDICAL SEMINARS

17.13 AXIS MEDICAL EDUCATION

17.14 ASPIRUS

17.15 BOQSMART.COM

17.16 BLACKROCK

17.17 COPIC INSURANCE COMPANY

17.18 CME OUTFITTERS

17.19 CPAWEBENGAGE, INC.

17.20 CURI

17.21 CURRENT REVIEWS

17.22 CARLAT CME INSTITUTE

17.23 CMEPLANET

17.24 CINE-MED

17.25 EXCEL CME

17.26 EZ-PDH.COM (EZEKIEL ENTERPRISES)

17.27 EDCOMPASS

17.28 FOREFRONT COLLABORATIVE

17.29 GREELEY COMPANY

17.30 GLOBAL EDUCATION GROUP

17.31 HONORHEALTH

17.32 HEALTHSTREAM

17.33 ILLINOIS ONLINE

17.34 KAPLAN

17.35 MCKISSOCK LEARNING

17.36 MEDSCAPE (WEBMD)

17.37 MIT PROFESSIONAL EDUCATION

17.38 NORTH DAKOTA STATE UNIVERSITY

17.39 NATIONAL SOCIETY OF PROFESSIONAL ENGINEERS (PE INSTITUTE)

17.40 NORCAL MUTUAL INSURANCE COMPANY

17.41 PDH ACADEMY

17.42 RCEP

17.43 RELIAS LMS

17.44 SEQUOIA CPE

17.45 STATPEARLS

17.46 SRAFFORD LLC

17.47 SYANDUS

17.48 SAFETYPRO TRAINING CENTER

17.49 STANFORD MEDICINE

17.5 SALUS GLOBAL

17.51 THE AMERICAN COLLEGE OF FINANCIAL SERVICES

17.52 SALUS UNIVERSITY

17.53 THECESHOP.COM

17.54 UNIVERSITY OF SAN DIEGO

17.55 TITAN CONTINUING EDUCATION

17.56 UNIVERSITY OF SOUTH ALABAMA

17.57 UNIVERSITY OF CALIFORNIA (IRVINE)

17.58 UNIVERSITY PROFESSIONAL AND CONTINUING EDUCATION ASSOCIATION

17.59 UNIVERSITY OF NORTH DAKOTA

18 REPORT SUMMARY

18.1 KEY TAKEAWAYS

18.2 STRATEGIC RECOMMENDATIONS

19 QUANTITATIVE SUMMARY

19.1 MARKET BY DELIVERY MODE

19.2 MARKET BY PROFESSION

19.3 MARKET BY PROVIDERS

20 APPENDIX

20.1 ABBREVIATIONS

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