Healthcare Learning Management Systems Market - Forecast(2021 - 2026)

 

Healthcare LMS Market Overview

The LMS for Healthcare market is forecast to reach $2.2 billion by 2026, growing at a CAGR of 24.7% from 2021 to 2026. Value chain for healthcare LMS industry has been established as an interdependent and complex network comprising of LMS providers, healthcare market providers, cloud service providers, equipment manufacturers, payment gateway service firms, tutors, medical facilities, students/ learners and pharmaceutical companies. Research, testing, installation, training and maintenance also play an important role in creating brand image and user satisfaction through implementation of the software as a service. Defining and implementing the R&D pipeline according to the market trends and future applications and establishing value chain frameworks accordingly has made the industry more agile. Continuous feedback system along with frequent surveys on number of satisfaction levels, future needs, and supplier switching has been supporting the learning management system market players to enhance their offerings to improve security of medical records as well as compliance training for the same. Brand image plays an important role along with features of the software. The learning management system market share is largely fragmented although the growing number of acquisitions in this sector will lead to consolidation.

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Report Coverage

The report: “LMS for Healthcare Market Report – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the LMS for Healthcare Market Analysis.

By Delivery – Self Learning, Instructor Led Learning, Blended 

By Deployment – Cloud, On Premises, Hybrid

By Application: Care Course Training, Compliance, Culture Sensitivity Courses, Pharmaceutical Product Education, Others

By End Use Industry – Educational Institutes, Healthcare Facilities, Corporate Training Facilities, Pharmaceutical Facilities

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

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Key Takeaways

• Leveraging mobile devices for the purpose of training in the healthcare industry has become popular in the recent years as it has become imperative to stay updated with the latest medical records, lab tests, and so on. A recent survey by PwC claims that the usage of mobile apps accelerates decision making, minimizes consumption of time, and leads to a better bonding between doctors and patients. The continuously evolving E-learning has proven to be advantageous for consumers as they get updated with the changing trends in the market in real time.
• The incorporation of videos, interactive animations, and augmented and virtual reality elements healthcare learning management systems is helping the doctors and healthcare personnel to use new medical equipment.
• The development in wireless connection of Healthcare LMS focused on Gamification in particular is driving demand. This growth is particularly prevalent as a result of lockdowns driven by Covid-19.

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Healthcare LMS Market Segment Analysis - By Delivery

Market players develop customized solutions according to the end user requirement. In addition, product extensions are offered time to time to retain the customer and maintain competitive position. Application developers play a major role in the value chain of LMS products. With the advent of cloud services and interoperability standards; flexibility and compatibility has become key factors. Developers focus on customizing individual modules as requirements change from customer to customer. Final end user and their needs defines and compels the entire industry to make changes in value chain in terms of development platforms, features and deployment channels. Quite a number of actors have joined the LMS value chain mainly due to establishment of standards, tremendous acceptance of products, transformation in delivery networks and evolving customer needs

Healthcare LMS Market Segment Analysis – By Deployment Model

With the shift towards Cloud based LMS, the Healthcare Learning Management System Market experienced a demand “creep”. Other factors that drive the market include Growing Health Informatics Market and rising awareness regarding LMS in APAC region (particularly in India, China, and Malaysia). Training of healthcare employees is a continuous process. Improving research and new technological advancements have led to a constant need for employee training in this sector. The ability of LMS systems, particularly e-learning solutions, to quickly adapt to these changes has propelled the demand for LMS. The ability of LMS to organize the training materials along with the improved efficiency provided and the lower costs associated with LMS based training solutions will result in the rising demand for LMS for training employees. With changing regulations and constant need for retraining on newer methods and technologies as well as changing job profiles, retraining is an important demand in the healthcare sector. The efficiency of LMSs along with the lower time requirements by using LMS will result in increased usage of this technology. Cloud based segment is the leading segment for Global Healthcare learning management systems market by deployment type and it is anticipated to reach $1.3 billion by 2026 growing at a CAGR of 29.2% throughout the forecast period.

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