Medical Second Opinion Market is anticipated to hit $6.23 billion by 2023 at a CAGR of 18.2%.

The Global Medical second opinion market recorded revenue of $2249million in 2017 and is estimated to grow at a CAGR of 18.2% throughout the forecast period 2018-2023.

Americas held the largest market share in the Medical Second Opinion Market: Americas region holds the largest market share and growth in the medical second opinion Market and is anticipated to reach $2.22 billion by 2023 at a CAGR of 17.10%. However, APAC projects highest growth rate during the forecast period and is expected to reach $1.44 billion by 2023 at a CAGR of 20.9%. Americas Medical Second Opinion Market is mainly driven by the healthcare reforms such as the Affordable Healthcare Act, the favorable business environment for start-ups to grow, etc. The key service providers in the region include hospitals and health insurance companies.

Selected Value Chain Analysis was done in the full report:

  • The Medical Second Opinion market functions as a complimentary domain for primary care, while providing a platform for patient-physician interaction at a global scale. The patient visits the Physician to receive treatment for a specific ailment or disease.
  • The physician provides diagnosis after analyzing the disease symptoms. Sometimes, the patient is not satisfied with the treatment process and hence opts for a second opinion from a healthcare expert.
  • The decision to choose a “Medical Second Opinion” service provider is based on the recommendations provided by physician and health insurance providers. The physician can choose to recommend if there is a need for better diagnosis. The patient can also consult with health insurance providers to know about the insurance coverage for second opinion services.
  • As the patient decides to take a second opinion, the service providers can coordinate with the EHR vendors to retrieve patient records such as prescriptions and disease history.
  • This will help the doctor to provide an accurate diagnosis for better patient care.
Excerpts on Market Growth Factors:

  • The Medical Second Opinion market has never been better and healthier with a myriad of companies offering services. The market is flourishing and growing steadily.
  • The market in the developed nations is in the growth phase, and currently hosts less number of players.
  • Other drivers include increasing investments in mobile and e-healthcare systems and increasing inclusion of medical second opinion services in employee benefit plans.
  • The future growth of the market is dependent upon the next technological shift.
  • U.S. dominates the second opinion market; the developed medical insurance sector in the U.S. favors the growth of second opinion service providers.
  • The demand for the service in the Americas is expected to grow significantly as the incidence of chronic diseases increases and patients start to use medical second opinion services for validating the diagnosis and choosing the correct treatment plan.
  • The informed patients are currently traveling to the U.S. to get a second opinion on their disorder, and in the coming years, with rising medical insurance market and growing adoption of technology among the stakeholders will drive the second opinion market in Mexico.
  • The telemedicine industry has been growing at a rate of above 15% year on year and is expected to grow at the same pace with increasing investments by hospitals, clinics, and venture capitalists.
  • Increasing employment rates and health coverage in emerging economies such as China, India, and Brazil provides impetus to the second opinion market growth.
  • The present market holds the potential to grow significantly while adding a new dimension to healthcare.
  • The Medical Second Opinion market in the U.S. is growing steadily and holds the potential to accelerate the growth.
  • Rising medical insurance market and growing adoption of technology among the stakeholders will drive the second opinion market in Mexico.
To access/purchase, the full report browses the link below:

https://industryarc.com/Report/1261/global-medical-second-opinion-market-analysis.html

Key players of Medical Second Opinion Market:

  • The major players documented in this report are Penn Medicine, Best Doctors Inc, HCA Hospitals, Cleveland Clinic, and Johns Hopkins.
  • HCA Hospitals has collaborated with various medical service providers such as Blossoms Healthcare, London Bridge Hospital and Roodlane Medical to bring together a diverse set of physicians to provide second opinion services for a host of medical problems.
Medical Second Opinion Market Report is segmented as indicated below:

Medical Second Opinion Market By Disorders:

  1. Introduction
  2. Cancer
  3. Diabetes
  4. Cardiac Disorders
  5. Neurological Disorders
  6. Ocular Disorders
  7. Pulmonary Disorders
  8. Nephrological Disorders
  9. Allergies
  10. Injuries
  11. Others Medical Second Opinion Market By Service Providers
  12. Introduction
  13. Hospitals
  14. Medical Second Opinion Providing Companies
  15. Health Insurance Companies
  16. Online Services
  17. Others Medical Second Opinion Market By Geography (Covers 12 + Countries) Medical Second Opinion Market By Entropy Companies Cited/Referenced/Interviewed:
    • Helsana Group
    • Lybrate
    • Partners Healthcare System Inc;
    • Sirona Diagnostics
    • 2nd MD
    • Mediangels
    • Medical Second Opinion Pvt Ltd
    • XMRI.com
    • Grand Rounds Inc;
    • Worldcare International Inc;
    • Bupa Global
    • Mediguide America
    • Advance Medical
    • Company 14
    • Company 15+
    What can you expect from the report? The medical second opinion Market is Prepared with the Main Agenda to Cover the following 20 points:
  18. Market Size by Product Categories
  19. Market trends
  20. Manufacturer Landscape
  21. Distributor Landscape
  22. Pricing Analysis
  23. Top 10 End-user Analysis
  24. Product Benchmarking
  25. Product Developments
  26. Mergers & Acquisition Analysis
  27. Patent Analysis
  28. Demand Analysis (By Revenue & Volume)
  29. Country-level Analysis (15+)
  30. Competitor Analysis
  31. Market Shares Analysis
  32. Value Chain Analysis
  33. Supply Chain Analysis
  34. Strategic Analysis
  35. Current & Future Market Landscape Analysis
  36. Opportunity Analysis
  37. Revenue and Volume Analysis

FAQ:

Does IndustryARC publish country, geography or application based reports in Medical Second Opinion Market? Yes, we do have separate reports as mentioned below:

  1. Americas Market for Medical Second Opinion (2018-2023)
  2. Europe Market for Medical Second Opinion(2018-2023)
  3. APAC Market for Medical Second Opinion(2018-2023)
  4. RoW Market for Medical Second Opinion(2018-2023)
  5. Hospitals Market for Medical Second Opinion(2018-2023)
  6. Medical Second Opinion Providing Companies Market for Medical Second Opinion (2018-2023)
  7. Health Insurance Companies Market for Medical Second Opinion(2018-2023)
  8. Online Services Market for Medical Second Opinion (2018-2023)
  9. Cancer Market for Medical Second Opinion (2018-2023)
  10. Diabetes Market for Medical Second Opinion (2018-2023)
  11. Cardiac Disorders Market for Medical Second Opinion (2018-2023)
  12. Neurological Disorders Market for Medical Second Opinion(2018-2023)
  13. Ocular Disorders Market for Medical Second Opinion (2018-2023)
  14. Pulmonary Disorders Market for Medical Second Opinion (2018-2023)
  15. Nephrological Disorders Market for Medical Second Opinion (2018-2023)
  16. Allergies Market for Medical Second Opinion (2018-2023)
  17. Injuries Market for Medical Second Opinion (2018-2023)

Does IndustryARC customize these reports and charge additionally for limited customization? Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

  1. Increase the level of data in the application or end user industry.
  2. Increase the number of countries in geography chapter.
  3. Find out market shares for other smaller companies or companies which are of interest to you.
  4. Company profiles can be requested based on your interest.
  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more our consulting services.

Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

Loading...

Comments

No comments to display.

Related posts

Call for Applications: Go Ignite Global Call

Start-ups working on solutions in IoT, Big Data Analytics, Cyber Security, Artificial Intelligence, 5G and Customer Experience Enhancement are encouraged to apply.
Application Deadline in 11 days

EU's Call for Proposals: Digital technologies for improved performance in cognitive production plants

Proposals need to develop new technologies to realise cognitive production plants, with improved efficiency and sustainability, by use of smart and networked sensor technologies, intelligent handling and online evaluation of various forms of data streams as well as new methods for self-organizing processes and process chains.
Application Deadline in 4 days

Increased Consumption of Plant-Based Protein Diets to Mitigate the Incidence of Type 2 Diabetes

The < a href = "https://www.marketsandmarkets.com/Market-Reports/wheat-protein-market-67845768.html">wheat protein market</a> is estimated at USD 2.04 Billion in 2017 and is projected to reach USD 2.58 Billion by 2022, at a CAGR of 4.8% from 2017. The wheat protein market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.

Increase in Use of Crop Protection Products in Developing Countries Drives the Pesticide Inert Ingredients Market

The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

Pilot plant to turn sugarcane waste into biofuel and beer bottles

Their patented REACH technology, developed by US parent company Mercurius Biorefining, has the potential to convert sugarcane bagasse and other biomass into cost effective drop-in biofuels and bio-chemicals , as alternatives to fossil fuels.

Call for applications: The Entrepreneurship World Cup

The Entrepreneurship World Cup is more than just a global pitch competition with a shot at life-changing prizes. With 100,000 entrants from around the world, EWC elevates entrepreneurs – providing you with tools and resources to grow your venture. It doesn’t matter how far you’ve come – idea-stage, early-stage, growth-stage or beyond – EWC can put you on the right course. Leverage world-class content in the EWC Accelerator to: unleash your ideas, hone your pitching skills and engage with a global network of mentors. And, oh yeah, compete for those life-changing prizes, together with business opportunities and investment.
Application Deadline in 3 months

EU's Call for Proposals: EGNSS applications fostering digitisation

Actions should deliver new innovative applications, with commercial impact and a clear market uptake perspective (a Business Plan is required as part of the proposal). The proposed EGNSS applications may integrate digital technologies like Internet of Things (IoT), cloud computing, big data and robotics.
Application Deadline in 16 days

Growing Farm Labor Issues due to Higher Costs and Availability Drives the Smart Harvest Market Ma

The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Call for applications: 2019 SEED Awards for Entrepreneurship in Sustainable Development

Are you part of a small and growing eco-inclusive enterprise that continues to deliver environmental, social and economic benefits to your target markets?
Application Deadline in 2 months

Review of Emerging Additive Manufacturing Technologies in 3D Printing of Cementitious Materials in the Construction Industry

Additive manufacturing is a fabrication technology that is rapidly revolutionizing the manufacturing and construction sectors. In this paper, a review of various prototyping technologies for printing cementitious materials and selected 3D printing techniques are presented in detail.