- Due to the growing number of Private Medical Colleges in Malaysia, there is a high Intake, Enrollment and Graduates in the Private Sector
- Internal Medicine, Anesthesiology and Ophthalmology has a seen a high Intake, Enrollment and Graduates when compared to other specialized Courses in Malaysia
GURUGRAM, India, July 30, 2021 /PRNewswire/ --
Malaysia Medical Education Market: Medical Education in Malaysia has helped to develop a good workforce for the Healthcare Industry. Most public and private medical colleges offer training based education system. All medical aspirants need to undergo STPM Examination to pursue Bachelor in Medical Science and become a Physician. It takes roughly 10-12 years to become a specialized doctor in Malaysia.
Conversion rate from Bachelors to Specialized Courses (Master Degree) is high, however the no. of graduates are low than the actual Intake and Enrollments. This trend is mainly due to the high no. of dropouts in search of employment.
Physician Courses in Malaysia: Physician Courses in Malaysia are offered by all the medical colleges. These colleges vary in the course structure and fee for both domestic and international students. Public colleges have relatively less fee than the private institution. There has been an ongoing concern in Malaysia about the commercialized Education in the private sector, however this challenge has been opening up as most colleges have been working hard to serve quality education and training to the students.
Specialized Courses in Malaysia: There are many specialized courses available in the Malaysian Education System such as Pediatrician, Surgery, Internal medicine, Ophthalmology, Anesthesiology and more. The conversion rate for the specialized courses was relatively high for three courses that are Internal Medicine, Ophthalmology and Anesthesiology. Specialized doctor in Malaysia requires extensive training and practice after the bachelor program, hence it is mandatory to have at least 4 years of work experience to opt. Master's Degree. One of the major advantage or enabler of studying at Malaysian Medical College is the liberty to practice medical in many other nations.
Ophthalmology in Thailand is in the growing phase with the presence of more than 220 hospitals and clinics providing ophthalmic care. Number of eye consultations has been increasing at a CAGR of 3.9%, while number of eye surgeries has been growing at 3.3% over 2015-2020. Overall Ophthalmology Market revenues have been growing at a CAGR of 4.9% over 2015-2020. There has been a growth in the number of ophthalmologists in the country, which has stimulated growth in ophthalmology market revenues. There has also been an increase in the number of eye ailments over the years, which has also led to growth in the ophthalmic care market.
The K12 E-Learning industry is as its growth stage in UAE. The industry in UAE has gained pace after 2017 and is becoming famous majorly among the Expats. The industry revenue is growing with a double-digit CAGR. High average household income, the limited number of offline options, growing awareness about experiential learning increasing fee of private tutors and changing family set-up has lead to an increasing number of paid e-learning users. The activity kit industry in UAE is at its nascent stage and has penetrated <0.5% of its target addressable market. The majority of activity kit subscription providers entered the industry post-2017. The industry experienced double-digit revenue and subscriber growth in the review period. Changing lifestyle with an increasing number of dual working parents and increasing screen time of kids, has led to the need of self-engaging, fun and educational solution such as activity kits.
Malaysia aims to become the hub for higher education. The country has a target to enroll higher number of international students in the next 5 years as compared to 2018. Malaysia's Gross Enrolment Ratio in 2017 in tertiary level education was of 41%, which is higher than most of the Asian countries, and higher than the world average. Number of private schools and universities are higher than number of government and government-aided schools and universities, which indicates the government's motives to diversify and widen the education sector by permitting private players to enter and run the industry. Malaysia is increasingly becoming a globally preferred destination for higher education owing to its world-class quality of education and reasonable cost of living.
Low employee retention, growing skill gap, low college enrollment, and the increasing cost of ineffective training were some of the important pain points of companies that lead to the introduction of the corporate training industry. The USA Corporate training industry is currently positioned to be at a late growth stage. The demand is increasing with a CAGR close to 5% during the period 2014-2019. There is an increasing trend in the use of Micro learning modules, experimental training, and the development of customized and specific training solutions.