Global Medical Second Opinion Services- Market Overview:
Medical second opinion services means to provide valuable information about the patient’s current treatment options. This is helpful for patient who is in confusion created by the recommendation of various treatment alternatives for a single case. The second opinion is for to gain additional information, which can be helpful to improve treatment outcomes of a disease. The medical second opinion plays a major role in increasing the accuracy of the treatment.
As per latest study released by AMA Research, the Global Medical Second Opinion Services- market is expected to see growth rate of 11.35%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Growth of People Who are Seeking Health Insurance and Healthcare Services
Market Growth Drivers:
Rising Errors in Medical Billing and Increasing Preference for Healthcare Cost Optimization
Challenges:
Fliting Patients- Who Moves From One Doctor to Another
Restraints:
The cost of Medical Second Opinion Services is High
Opportunities:
Rise in Awareness among the Peoples
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Medisense Healthcare Solutions Pvt. Ltd. (India),, Second Opinion International (United States),, Elite Medical Services, Cigna (United States),, Helsana (Switzerland),, WorldCare (United States),, Vidal Health Insurance TPA Pvt Ltd (India),, Medix (United States),, AXA (France) and 2nd.MD (United States). Additionally, following companies can also be profiled that are part of our coverage like MORE Health, Inc. (United States), Optum, Inc. (United States) and Maven Clinic Co. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Medical Second Opinion Services- market by 2030. Considering Market by Service providers, the sub-segment i.e. Hospitals will boost the Medical Second Opinion Services- market. Considering Market by Disease, the sub-segment i.e. Cancer will boost the Medical Second Opinion Services- market. Considering Market by Channel, the sub-segment i.e. Online will boost the Medical Second Opinion Services- market.
Latest Market Insights:
In March 2021- Accolade family bringing 2nd.MD, the industry-leader in providing expert medical opinions company. This important decision brings both companies for to fulfilling our ollective vision of helping every person live their healthiest life.
"On 10th September, 2020 - MediFind Launched Second Opinion Finder, A First-to-Market Feature Connecting Patients to the Right Care. The New Advanced Platform Assists People Facing the Most Difficult Health Conditions in Quickly Finding Medical Experts and Treatment Options. and On 20th January, 2021 - Kayan Health Introduced Virtual Medical 'Second Opinion' Platform. The Second Opinion Platform is a Peer-To-Peer Programme That Will Connect Doctors in The Caribbean with Clinicians in The United States to Evaluate Patient Medical Information."
What Can be Explored with the Medical Second Opinion Services- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Medical Second Opinion Services- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Medical Second Opinion Services-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Second Opinion Services- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Second Opinion Services- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Investors/Investment Bankers, Research Professionals, Emerging Companies, Service Providers/ Buyers, Education & Research Institutes and Hospitals.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.