About Medico Legal Services
Medical Officers are frequently confronted with Medicolegal Cases (MLCs), which are an important element of medical practise (MO). MLCs are becoming more common in both the civil and military sectors. To minimise legal problems and to ensure that the Next of Kin (NOK) receive the benefits they are entitled to, proper handling and correct recording of these cases is crucial. Medical and legal research, legal counsel, and the summary of complicated medical records are all examples of medico legal services. These services are offered by medico-legal experts who research and analyse the laws that govern the medical field. Medical experts who are well-versed in legal perspectives and have a thorough understanding of the intricacies of the healthcare industry provide medico legal services because they are skilled at preparing logical and succinct summaries of medical records to assist clients at various stages of the court case until a settlement is reached. The global medicolegal services market is growing as a result of consumer activism and quickly changing legal/statutory requirements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Medico Legal Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apex Medico Limited (United Kingdom), Clinical Partners (United Kingdom), MAPS Medical Reporting (United Kingdom), Exigent (United Kingdom), ForensicDX (United States), Grosvenor Medical Ltd. (United Kingdom), GSB LPO Services (United States), Medicare Medico-Legal Services Pvt. Ltd. (India), Medico-Legal Consulting (United Kingdom) and Pristine Health (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ManaviMLC (India), Indian Medico Legal Consulting Serives Pvt Ltd (India), Flatworld Solutions Pvt. Ltd. (India), Metro Zone Group (India) and AQuity Solutions (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medico Legal Services market by and Region.
On the basis of geography, the market of Medico Legal Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. Early Case Assessments will boost the Medico Legal Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Physicians will boost the Medico Legal Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Healthcare Expenditure
Market Growth Drivers:
Increasing Consumer Activism and Prevalence of Illicit Activities and Medical Misuse
Challenges:
Fierce Competitive Pressure
Restraints:
Lack of Skilled Professionals
Opportunities:
Growing Healthcare Infrastructure Across Emerging Regions
Market Leaders and their expansionary development strategies
In December, 2020 Lupin Ltd Engaged Juris Corp for Developing Content for One of India’s First Comprehensive Medico-Legal Application. The New Platform Called “LegalRX: Medico-Legal Information” Covers Services Right from Establishing a Clinic to Getting Patient Consent.
In March, 2021, Aquity Solutions Passed The 12 Million Page Volume Threshold For Medico-Legal Document Preparation Processing In a Single Month. AQuity uses a Proprietary Platform and A Specialised Team of Over 350 Professionals Throughout the World to Finish the Procedure Electronically, Lowering Processing Time and Expenses.
Key Target Audience
Medico Legal Service Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.