Nursing Education Market Scope
With the growing number of aging population requiring patient care and the retiring nursing workforce, retirement of trained nurses is giving rise to the need for training, educating, and hiring new nurses. Also there is a continuous technological evolution influencing the need for trained and skilled nurses with the adequate qualifications. These factors are driving the Global Nursing education market. The Nursing education industry is transforming the healthcare segment. Nursing Education includes both post graduate and undergraduate courses offered by the universities and colleges worldwide. The mandatory nursing education for increasing number of students taking up nursing as profession has improvised the patient caring and monitoring status globally. This is eventually boosting the Global Nursing Education market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Duke University (United States), Johns Hopkins University (United States), University of Pennsylvania (United States), University of California (United States), Columbia University (United States), Emory University (United States), Louisiana State University Health (United States), School of Education Northcentral University (United States) and New York University Rory Meyers College of Nursing (United States) |
CAGR | 6.0% |
The market appears to be fragmented by numerous players owing to the presence of several established nursing colleges who are offering a range of graduate, undergraduate, master's, doctoral, and certification programs and courses. Competition among the players in the nursing education market is intense due to the growing demand for nursing professionals for the geriatric population and other patients. The introduction of flexible, convenient and cost-effective online programs will further drive the competitiveness in the nursing programs market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Nursing Education market throughout the predicted period.
Duke University (United States), Johns Hopkins University (United States), University of Pennsylvania (United States), University of California (United States), Columbia University (United States), Emory University (United States), Louisiana State University Health (United States), School of Education Northcentral University (United States) and New York University Rory Meyers College of Nursing (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are University of Maryland School of Nursing (United States), University of Washington School of Nursing (United States), University of Michigan School of Nursing (United States), University of Illinois College of Nursing University of Illinois College of Nursing and American Career College (ACC) (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nursing Education market by Type , by Application (Conventional Universities and Nursing Programs in Colleges) and Region with country level break-up.
On the basis of geography, the market of Nursing Education has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2023, Wolters Kluwer Health signed and completed an agreement to acquire NurseTim, a US-based provider of nursing education solutions. The company provides hands-on nurse faculty training through conferences and webinars.
In May 2023, Leading global performance footwear and apparel brand Saucony announced that it is partnering with Galen College of Nursing, one of America's largest educators of nurses, to introduce the NIL Student Nurse Initiative, the first ever NIL (Name, Image, Likeness) program developed exclusively for nursing students. This groundbreaking program, created in partnership with full-service advertising agency Doner, aims to recognize, support, and celebrate the incredible achievements of this essential next generation of nurses as they prepare to embark on their critically important career journey.
Influencing Trend:
Adoption of social media to learn and create communities, Increasing motivation to advance professional knowledge among younger generations and Continuous change in healthcare technology and patient care
Market Growth Drivers:
Growing geriatric population and chronic illness worldwide, Increasing demand of nurses in the hospitals, Rising number of nursing colleges and institutes worldwide and Need of certification and degree among learners to gain a competitive edge.
Challenges:
Quality of Education and practical knowledge offered by various nursing organizations and high set up costs is posing a challenge for the market.
Restraints:
Cost factor associated with the courses offered by the universities and institutes for nursing education.
Opportunities:
The increasing number of students opting for nursing courses every year is providing an opportunity for the market and Continuous technological evolutions influencing the need for trained and skilled nurses with adequate qualifications.
Key Target Audience
Institutions and Universities, Healthcare Industry, Government and Regulatory Bodies and Nursing Institutes/Universities