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Nursing Education Market Trends

Report ID: GMI9317
Published Date: May 2024
Report Format: PDF

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Nursing Education Market Trends

The healthcare industry is facing a growing demand for nursing professionals due to factors such as an aging population, rising prevalence of chronic diseases, and expanded access to healthcare services.
As the demand for healthcare services continues to outpace the supply of skilled nursing professionals, there is an urgent need to increase the number of nurses in various healthcare settings.
For instance, according to a report published by the International Council of Nurses in 2021, an estimated 13 million nurses will be needed to fill the global nurse shortage gap by 2030.
The shortage of skilled nursing staff exacerbates this demand, creating opportunities for individuals to pursue nursing education to fill vacant positions in hospitals, clinics, long-term care facilities, home healthcare and other healthcare settings.
Additionally, many experienced nurses are reaching retirement age, leading to a wave of retirements in the nursing workforce. As these nurses exit the workforce, there is a need to replace them with new graduates who have completed nursing education programs.
Nursing education institutions play a crucial role in training the next generation of nurses to ensure continuity of care and prevent gaps in healthcare staffing, driving the market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The nursing education market was valued at USD 8.8 billion in 2023 and is anticipated to witness growth at 4.3% CAGR during 2024-2032, driven by the rising demand for healthcare services coupled with increasing globalization and collaboration with international institutes.

The on-campus segment in the market recorded USD 6.7 billion in revenue in 2023, as these programs provide students with hands-on learning opportunities.

North America nursing education market size was USD 3.1 billion in 2023 and is predicted to grow at 3.8% CAGR between 2024-2032, due to an aging population, increasing prevalence of chronic diseases, and advancements in healthcare technology.

AIIMS, Delhi, Duke University, Jamia Hamdard, Johns Hopkins University, Kings College London, Midamerica Nazarene University School, NYU Rory Meyers College of Nursing, The University of Tokyo, The University of Wollongong, University of California, University of Manchester and University of Maryland School of Nursing.