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The sudden insurgence of the COVID-19 pandemic in 2020 created a dearth of medical professionals in the region, which supported the market amid the crisis. In addition, the medical education industry in Brazil is driven by the increasing digitalisation and the expanding adoption of e-learning platforms that facilitate an effective and interactive teaching-learning process. This can be attributed to the improved accessibility and cost-effectiveness of e-learning platforms. Moreover, the privatisation of medical sector in Brazil and the government incentives promoting the use of e-learning solutions are further projected to augment the growth of the market. Also, the rapid technological advancements in digital learning are expected to invigorate the market in the forecast period.
The increased mergers and acquisitions by the key industry players to expand their market potential are expected to support the market growth in the forecast period. For instance, in February 2022, Afya Company (NASDAQ: AFYA) announced the purchase agreement for the acquisition of Alem da Medicina, a medical online platform that offers educational tools to medical students. With this acquisition, Afya aims to expand its digital ecosystem. Furthermore, Olympus Corporation (OTCMKTS: OCPNY), in February 2021, launched its new comprehensive educational platform to provide healthcare professionals all over the world with integrated learning opportunities that will positively impact the Brazil medical education industry. These developments are expected to invigorate the Brazil medical education industry in the forecast period.
Market Analysis by Delivery Mode, Training, and End Use:
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The major players in the Brazil medical education market are Stanford Medicine, Gundersen Health System, Siemens Healthcare Private Limited, Olympus America, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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