Press release
Medical Second Opinion Market Comprehensive Analysis On COVID-19 Impact By Medisense Healthcare Solutions Pvt. Ltd.; Second Opinion International; Elite Medical Services; Cigna; Helsana; WorldCare
Medical Second Opinion Market
The medical second opinion market is expected to reach US$ 10,739.48 million by 2027 from US$ 3,204.57 million in2019; it is estimated to grow at a CAGR of 16.8% from 2020 to 2027.
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Market Insights
Increasing Preference for Healthcare Cost Optimization
Patients across the globe are witnessing growing financial burdens imposed by healthcare services. Increasing healthcare-associated costs due to the overall shortage of healthcare professionals and limited availability of resources are generating need for healthcare cost optimization worldwide. Also, growing emphasis on the reduction of additional costs and increasing awareness about the possible exploitation from healthcare organizations, especially in low- and middle-income countries, significantly drive the second medical opinion market. The consumers can avail extensive information from medical second opinions while making the necessary decisions about surgery or the main case. In addition, medical second opinion providers review the recommendations for surgical procedures on the basis of additional medical diagnosis, analysis of existing medical records, and assessment of other therapeutic solutions as an alternative for surgery. These aspects of the second opinion can result in reduction of therapeutic cost. Further, second opinion on surgical decisions can also result in reduction in possible surgical adversities, which can lead to additional healthcare-related costs.
For instance, according to a study published by the World Health Organization in 2019, ~25.0% patients around the world suffer from complications in surgical procedures. Moreover, ~1 million people die during surgery or during follow-up of the same each year.
Increasing number of errors in medical billing is also one of the prominent factors responsible for the growth of the market. For instance, according to a study published by the Medical Billing Advocates of America in2019, an estimated 80.0% of medical bills contain at least one error. Further, problems in medical billing errors cost a total of ~US$ 210 billion each year in the US. These possibilities and occurrences of financial errors are projected to accelerate the growth of the medical second opinion market by 2027.
What’s included
• Market Dynamics
• Competitive Analysis
• Market Trends And Market Outlook
• Market Share And Market Size
• Opportunities And Customer Analysis
• Product Pricing Research
The List of Companies
Medisense Healthcare Solutions Pvt. Ltd.
Second Opinion International
Elite Medical Services
Cigna
Helsana
WorldCare
Vidal Health Insurance TPA Pvt Ltd
Medix
2nd.MD
AXA
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
Global Medical Second Opinion Market– By Disorder
• Cancer
• Orthopedic
• Cardiacdisorders
• Neurologicaldisorders
• Nephrologicaldisorders
• Hematologicblood disorders
• COPD
• Organ transplant
• Others
Global Medical Second Opinion Market– By Service Provider
• Hospitals
• HealthInsurance Companies
• Online Services
The COVID-19 outbreak is currently going the world over, the Medical Second Opinion Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Medical Second Opinion market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Medical Second Opinion market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
This report focuses on the global Medical Second Opinion market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Medical Second Opinion market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
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