Medical Second Opinion Market: By Services (Medical Condition Management, Post-Acute Care Nursing, Medical Peer Review Services), Providers (Hospital Physicians/Specialties, Online Physicians Portal, Medical Second Opinion Companies, Health Insurance Companies), Application (Cancer, Diabetes, Cardiac Disorders, Neurological Disorders, Respiratory Disorders, Ocular Disorders), Source of Service (In-house, Outsourced) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) – Forecast to 2027
The medical second opinion market size is expected to reach USD 9751.58 Million by 2027 at 15.8% CAGR during the forecast period 2020-2027. Second opinions are obtained as a consequence of a patient’s request for an assessment by some other doctor or surgeon in order to verify the diagnosis and management of the first physician or to provide an alternative diagnostic and perhaps treatment strategy.
The medical second opinion refers to a process where an individual seeks a second opinion from another healthcare provider regarding their diagnosis, treatment plan, or test results. This can be done for various reasons such as seeking confirmation, wanting to explore alternative options, or having concerns about the accuracy of the initial diagnosis. In the context of a market, medical second opinion services are offered by companies or providers who specialize in offering expert medical evaluations and consultations to patients who are seeking a second opinion. These services can be provided online, through telemedicine, or in person, and may involve a comprehensive review of medical records, imaging studies, and other relevant information. Medical second opinion services aim to provide patients with additional insights and information to help them make informed decisions about their health and well-being.
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The COVID-19 pandemic has led to an increase in demand for medical second opinions as individuals are seeking additional reassurance and expertise in uncertainty and a rapidly evolving health situation. On the other hand, the pandemic has disrupted the traditional delivery of medical second opinions, which typically involve in-person consultations with specialists. This has created new opportunities for the medical second opinion market, as it has become easier for patients to access specialist opinions from the comfort of their own homes.
Medical Second Opinion Market Segmentation
The Global Medical Second Opinion Market has been segmented into Services, Providers, and Application
Based on the Services, the market has been segmented into Medical Condition Management, Post-Acute Care Nursing, and Medical Peer Review Services.
Based on the Providers, the market has been segmented into Hospital Physicians/Specialties, Online Physicians Portals, Medical Second Opinion Companies, and Health Insurance Companies.
Based on the Application, the market has been segmented into Cancer, Diabetes, Cardiac Disorders, Neurological Disorders, Respiratory Disorders, and Ocular Disorders.
Medical Second Opinion Market Key Players
Some of the key market players are
- SecondOpinionExpert
- DoctorSpring
- 2nd MD
- Cleveland Clinic MyConsult
- Partners Healthcare
- HCA Hospitals
- Teladoc Health
- Amradnet
- Johns Hopkins Medicine
- Mediguide
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Medical Second Opinion Market Regional Analysis
North America dominates the Medical Second Opinion market. Specifically, the U.S. has a large number of companies offering Medical Second Opinion services. Europe, particularly Germany and the UK, also have a well-developed Medical Second Opinion industry. In Asia, countries like Japan, India, and South Korea are experiencing significant growth in this sector. It is also worth noting that the Medical Second Opinion market is a global industry, and many online platforms and telemedicine companies offer these services to clients worldwide. Therefore, while certain regions may have more established markets, the industry as a whole is accessible globally.
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