Medical Second Opinion Market Forecasts to 2028 – Global Analysis By Type (Below 200 USD, 200-500 USD, Above 500 USD), Product (Physical Second Opinions, Online Second Opinions) and By Geography
According to Stratistics MRC, the Global Medical Second Opinion Market is accounted for $3.02 billion in 2020 and is expected to reach $13.97 billion by 2028 growing at a CAGR of 21.1% during the forecast period. The rising inclination for healthcare cost optimization; permitting physicians to screens patient requirements fast and remove treatment delays are driving the market growth. However, lack of consciousness and unwillingness toward opting for a medical second opinion in emerging nations is hampering the growth of the market.
A medical second opinion is a secondary consultation taken by the patient after primary diagnosis. This idea benefits the patients get proper treatment if all the treatment processes happen at one facility. Additionally, the medical second opinion can authenticate diagnosis; thus, it plays an important role in growing the treatment's accurateness. The Second Opinion Medicine market acts as a corresponding field for primary care while given a platform for patient-physician interface worldwide.
Based on the services, the medical condition management segment is going to have lucrative growth during the forecast period, as patients with critical diseases need appropriate analysis with treatment plans for better improvement. Reliant on the patient’s condition there are numerous circumstances in which the second opinion is valuable. If the patient has been directed that surgery is required and needs to check the treatment recommendation, the facility of the second opinion by medical condition management is considered.
By geography, North America is going to have high growth during the forecast period, due to the encouraging business environment for start-ups to grow, healthcare improvements such as the affordable care healthcare act. The major facility providers in the province comprise hospitals and health insurance companies and an upsurge in the elderly population in this province. Furthermore, the expansion of more healthcare facilities and highlighting online consultancy, owing to fast digitalization has also contributed to the market growth.
Some of the key players profiled in the Medical Second Opinion Market include Amradnet, Cynergy Care, Doctor Spring, Elite Medical Services, John Hopkins , Mediguide America, Medix, Teladoc Health,Inc, UC San Diego Health System., World Care International Inc., Johns Hopkins Medicine, HCA Hospitals, Cleveland Clinic MyConsult, Doctor Spring, Second Opinion Expert Inc.
Estimated Market Size in 2020:
USD 3.02 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 13.97 billion
Tables, Graphs& Figures
Type, Product, Disorder Type, Service, Source of Service, Specialty, Supply Provider, Applicationand Region
Core Drivers and Opportunities:
Restraining Factors&Market Threats:
• Below 200 USD
• 200-500 USD
• Above 500 USD
• Physical Second Opinions
• Online Second Opinions
Disorder Types Covered:
• COPD (Chronic Obstructive Pulmonary Disease)
• Hematologic Blood Disorders
• Nephrological Disorder
• Kidney And Urological Diseases
• Obstetrics And Gynaecological Disorders and Cancers
• Organ Transplant
• Orthopaedic Disorder
• Rheumatologic Disorders
• Skin Disorders
• Medical Condition Management
• Medical Peer Review Services
• Post-Acute Care Nursing
Source of Services Covered:
• Heart and Vascular Care
Supply Providers Covered:
• Hospital Physicians/Specialties
• Health Insurance Players
• Online and Offline Medical Opinion Providers
• Private Clinics
• Cardiac Disorders
• Neurological disorders
• Ocular Disorders
• Respiratory Disorders
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Medical Second Opinion Market is majorly driven by increasing incidence of chronic diseases, rising emphasis on superior treatment outcomes, and rising focus on healthcare cost optimization.
The hospital physicians/specialties segment is growing at a highest CAGR owing to the increasing need for improvement during diagnosis and treatment planning.
Europe dominated with a significant market share due to the factors such as increased need for better diagnosis & treatment planning, decreasing the financial cost, and simplicity of interaction in European countries.
Asia Pacific market is growing at a highest CAGR, due to the increasing number of highly aware people and the high need for better diagnosis as well as treatment in the region.
Key players in Medical Second Opinion Market include Amradnet, Cynergy Care, Doctor Spring, Elite Medical Services, John Hopkins, Mediguide America, Medix, TeladocHealth,Inc, UC San Diego Health System., World Care International Inc., Johns Hopkins Medicine, HCA Hospitals, Cleveland Clinic MyConsult, Doctor Spring, Second Opinion Expert Inc.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.