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MembershipLos Angeles, October 23, 2019 – The changing demographics predicts that 70 million baby boomers will be crossing over 65 boosting the demand for nursing care professionals. QY Research has recently added a report titled, “2018-2025 Nursing Education Report on Global and United States Market”, predicting the growth opportunities in the global and United States market.
The global nursing education market was worth US$8509 mn in 2018 and is expected to rise to US$10690 mn by the end of 2025, at a CAGR of 3.31% during the forecast period of 2019 to 2025.
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Personalized Nursing Care to Boost the Demand During the Forecast Period
The growing number of baby boomers crossing the age of 65 will demand physician visits, nursing home facilities, and surgical procedures. Nursing plays an important role in these services along with rehabilitation, hospital care, and home care. Therefore, the demand for nursing education market is expected to rise rapidly during the forecast period. Nursing care specializes in providing personalized care with convenience, comfort, and more safety for prevention and cure of diseases and rehabilitation. It plays a very pivotal role in the society and evolving healthcare industry. The market will also be driven by the fact that nursing is a well-developed career pathway that offers attractive salary packages, making it a good career choice for many people want to pursue.
There are few factors that can restrain the nursing education market during the forecast period such as increased healthcare coverage, aging workforce, inconsistent wages, demanding job environment, and long hours of work. Many who do not wish to work as nurses move to other health-related services such as medical equipment field, biotechnology, pharmaceutical, education, and retail services. Moreover, recruiting, training, and retaining nurses in the rural areas acts as a challenge for employers and patients.
Rising Demand for Research to Drive the Baccalaureate Degree (BS) Segment
The global and United States nursing education market is segmented into product and end user. The product segment is further divided into associate degree (AD), baccalaureate degree (BS), and other diplomas. Whereas, the end user segment is segregated into nursing programs in college and conventional universities. Among these, baccalaureate degree (BS) is expected to rise in demand as more students want to gain valuable employment with right certification and knowledge base.
North America to Lead the Global Nursing Education Market
North America is expected to lead the market as the global nursing education market is dominant in this region owing to better facilities, evolving healthcare services, and increasing number of baby boomers reaching their old age in this region. Europe is also expected to rise in demand as the nursing care market is growing in this region.
Key Players
The key players operating in the global and United States nursing education market are National University of Singapore (NUS), Johns Hopkins University, Duke University, Jamia Hamdard, University of Pennsylvania, Peking Union Medical College, University of California, All India Institute of Medical Sciences, Peking University, King's College London (KCL), The University of Tokyo, University of Manchester, Keio University, and Karolinska Institute.
Competitive Landscape
Four faculty member from the Johns Hopkins University faculty have been selected to join the National Academy of Medicine among other 90 members. It has been recognized as the highest career honors in the field of medicine and health. National Academy of Medicine collaborated with the National Academy of Science and the National Academy of Engineering to provide objective and independent analysis to international community and the U.S. government on critical issues related to public health, health care, and medical science.
Summary
● Nursing plays a pivotal role in healthcare community and society hence, the demand for nursing education will always in demand.
● Nursing is women dominated field therefore, the nursing education market is driven more by women population.
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