Nursing Education Market in US Size to grow by USD 134.1 billion between 2024-2028
According to a research report “ Nursing Education Market in US” by Type (Graduate courses, Postgraduate courses) End-user (Hospitals, Home healthcare services) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 134.1 billion, at a CAGR of almost 30.05% during the forecast period. In the dynamic and evolving nursing education landscape of the US healthcare industry, competency-based education (CBE) has emerged as a game-changer. CBE represents an innovative approach to traditional time-bound educational methods, focusing on the acquisition of specific, measurable nursing competencies rather than seat time. By prioritizing performance standards and competency development for nursing practitioners, educational institutions can enhance the efficiency and effectiveness of their programs. CBE incorporates various instructional, assessment, grading, and reporting systems that culminate in students demonstrating their mastery of essential nursing knowledge and skills as they progress through their education. This approach aligns with the industry's increasing demand for highly skilled and qualified nursing professionals, ensuring a robust workforce capable of delivering optimal patient care.
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By Type, the Graduate courses segment is projected to dominate the market size in 2024
The nursing education market in the US is poised for steady growth during the forecast period, with hospitals holding the largest market share. This is primarily due to the approaching retirement of a significant number of nurses, necessitating the training of new professionals to fill vacant positions. Moreover, the burgeoning geriatric population, each requiring care for at least one chronic condition, is expected to fuel demand for hospitals and healthcare services, thereby significantly contributing to market expansion. Government initiatives such as the Affordable Care Act (ACA) have simplified insurance policies and expanded access to basic healthcare for all Americans, further bolstering the demand for nursing education and workforce development.
By End-user, Hospitals segment is expected to hold the largest market size for the year 2024
The graduate nursing market in the US is projected to experience substantial growth during the forecast period. This expansion is driven by the rising enrollment of students in undergraduate and graduate nursing programs at various institutions. These courses equip students with comprehensive theoretical and practical knowledge, enhancing their competitiveness in the job market. Moreover, the increasing geriatric population necessitates a larger pool of competent nursing professionals, further fueling the demand for graduate nursing education. As future healthcare providers, nursing students must possess extensive knowledge to effectively manage patients with chronic diseases or illnesses. Therefore, the importance of graduate nursing programs in providing specialized education cannot be overstated.
North America is forecasted to hold the largest market size by region in 2024
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The Nursing Education Market in US growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The nursing education market in the US is a vibrant and evolving sector, driven by the demand for qualified nurses to meet workforce projections and address the complex health needs of an aging population and global community. Private institutions play a significant role in nursing education, offering academic training to students seeking to become registered nurses (RNs) or advanced practice nurses. Licensure requirements and regulatory bodies set the standards for nursing education, ensuring that graduates are prepared to provide high-quality patient care. Experienced educators and peers collaborate in clinical rotations and simulated laboratory settings to provide students with hands-on experience and real-world scenarios. Physical facilities, population health, interprofessional collaboration, and patient outcomes are key focus areas in nursing education, with an emphasis on preparing BSN-prepared nurses to manage chronic conditions and age-related health issues. Nursing education also prioritizes academic resources, conferences, webinars, faculty development, student networks, and digital education to stay current with the latest healthcare trends and research. As healthcare services continue to evolve, nursing education will remain a critical component of workforce development, with a focus on improving patient outcomes and addressing the needs of an increasingly diverse and complex patient population.
Market Research Overview
The nursing education market in the US is a vibrant and dynamic field, offering numerous opportunities for students to gain real-world experience, networking, and job placement. Nursing programs provide clinical placements, internships, and clinical rotations in healthcare providers, enabling students to meet industry standards and gain professional competencies. Modern teaching methods, simulation labs, and academic training equip BSN-prepared nurses with clinical skills, theoretical knowledge, and practical training. Private institutions offer degree programs and certificate courses in various specializations, catering to the nursing workforce's evolving needs. Regulatory bodies and licensure requirements ensure that educational offerings meet the highest standards. Nursing education also focuses on population health, interprofessional collaboration, and patient outcomes. Innovative curriculum includes chronic disease management, aging-related health, and global population health. Industry collaborations and research collaborations offer opportunities for students to engage with healthcare policies and contribute to the development of healthcare services. The nursing profession faces a nurse shortage gap, with vacant positions in home healthcare, long-term care, clinics, and other healthcare settings. The International Council of Nurses projects a growing demand for skilled nursing professionals as the global population ages and the prevalence of chronic conditions increases. Nursing education offers a wealth of opportunities for students to prepare for the future, including virtual networks, digital education, and conferences, enabling them to stay informed about the latest trends and developments in the field. Experienced educators and peers provide valuable insights and support throughout the educational journey.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
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