Medical Second Opinion Market to Expand Substantially Owing to Technological Innovations by 2027

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

Market Research Future Insights

According to MRFR analysis, the Medical Second Opinion Market is expected to register a CAGR of 15.8% from 2020 to 2027 and hold a value of over USD 9.7 billion by 2027.

The medical second opinion market refers to the practice of seeking a second opinion from a healthcare provider or medical specialist to confirm or refute a previous diagnosis, or to explore alternative treatment options. The goal of seeking a second opinion is to help patients make more informed decisions about their health care, and to potentially identify missed diagnoses, prevent unnecessary procedures or surgeries, and improve overall health outcomes.

The COVID-19 pandemic had a significant impact on the medical second opinion market. With the outbreak of COVID-19, many hospitals and medical centers have had to reduce their capacity to handle non-emergency cases, leading to longer wait times for patients seeking medical attention. This has resulted in an increase in demand for remote medical consultations and telemedicine services, including second opinions.

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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

Market Segmentation

The Medical Second Opinion Market has been segmented into technology, application and deployment mode.

Based on the service, the market has been segmented into in-house and outsourced.

Based on the application, the market has been segmented into cancer, diabetes, cardiac disorders and neurological disorders.

Based on the provider, the market has been segmented into hospital physicians, online physicians portal and medical second opinion companies.

Regional Analysis

The United States, Europe, and Asia are some of the largest markets for medical second opinions.

In the United States, medical second opinions are commonly sought by patients as a means of ensuring that they receive the best possible care. Many hospitals and medical centers in the US have established second opinion programs, and there are also several online second opinion services available to patients.

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In Europe, countries such as Germany, France, and the United Kingdom have well-established healthcare systems that offer second opinion services to patients..

In Asia, countries such as Japan, China, and India have seen an increase in demand for medical second opinions in recent years. The availability of telemedicine and online consultation services has made it easier for patients to access second opinions from medical specialists, regardless of their location.

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