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Medical Second Opinion Trends and Forecast
The future of the global medical second opinion market looks promising with opportunities in the hospitals, online medical second opinion, and health insurance markets. The global medical second opinion market is expected to reach an estimated $12.4 billion by 2030 with a CAGR of 15.9% from 2024 to 2030. The major drivers for this market are increasing inclination towards optimizing healthcare costs and rising incidence of cancer cases.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Second Opinion by Segment
The study includes a forecast for the global medical second opinion by disorder type, end use, and region.
Medical Second Opinion Market by Disorder Type [Shipment Analysis by Value from 2018 to 2030]:
• Organ Transplant
• Cardiac Disorder
• Hematologic Blood Disorders
• Orthopedic Disorders
• Others
Medical Second Opinion Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Online Medical Second Opinion
• Health Insurance
• Others
Medical Second Opinion Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Second Opinion Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical second opinion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical second opinion companies profiled in this report include-
• Medisense Healthcare Solutions
• Second Opinion International
• Elite Medical Services
• Cigna
• Helsana
Medical Second Opinion Market Insights
Lucintel forecasts that organ transplant will remain the largest segment over the forecast period because it is preferred treatment for end-stage organ diseases.
Within this market, online medical second opinion will remain the largest segment because it is considered as a convenient, secure, and timely method for obtaining answers to their inquiries about a diagnosis or treatment plan.
North America will remain the largest region over the forecast period due to availability of advanced healthcare infrastructure and an informed patient population.
Features of the Global Medical Second Opinion Market
Market Size Estimates: Medical second opinion market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical second opinion market size by disorder type, end use, and region in terms of value ($B).
Regional Analysis: Medical second opinion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different disorder types, end uses, and regions for the medical second opinion market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical second opinion market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the medical second opinion market size?
Answer: The global medical second opinion market is expected to reach an estimated $12.4 billion by 2030.
Q2. What is the growth forecast for medical second opinion market?
Answer: The global medical second opinion market is expected to grow with a CAGR of 15.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical second opinion market?
Answer: The major drivers for this market are increasing inclination towards optimizing healthcare costs and rising incidence of cancer cases.
Q4. What are the major segments for medical second opinion market?
Answer: The future of the medical second opinion market looks promising with opportunities in the hospitals, online medical second opinion, and health insurance markets.
Q5. Who are the key medical second opinion market companies?
Answer: Some of the key medical second opinion companies are as follows:
• Medisense Healthcare Solutions
• Second Opinion International
• Elite Medical Services
• Cigna
• Helsana
Q6. Which medical second opinion market segment will be the largest in future?
Answer: Lucintel forecasts that organ transplant will remain the largest segment over the forecast period because it is preferred treatment for end-stage organ diseases.
Q7. In medical second opinion market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to availability of advanced healthcare infrastructure and an informed patient population.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical second opinion market by disorder type (organ transplant, cardiac disorder, hematologic blood disorders, orthopedic disorders, and others), end use (hospitals, online medical second opinion, health insurance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Second Opinion Market, Medical Second Opinion Market Size, Medical Second Opinion Market Growth, Medical Second Opinion Market Analysis, Medical Second Opinion Market Report, Medical Second Opinion Market Share, Medical Second Opinion Market Trends, Medical Second Opinion Market Forecast, Medical Second Opinion Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Medical Second Opinion Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Second Opinion Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Second Opinion Market by Disorder Type
3.3.1: Organ Transplant
3.3.2: Cardiac Disorder
3.3.3: Hematologic Blood Disorders
3.3.4: Orthopedic Disorders
3.3.5: Others
3.4: Global Medical Second Opinion Market by End Use
3.4.1: Hospitals
3.4.2: Online Medical Second Opinion
3.4.3: Health Insurance
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Second Opinion Market by Region
4.2: North American Medical Second Opinion Market
4.2.2: North American Medical Second Opinion Market by End Use: Hospitals, Online Medical Second Opinion, Health Insurance, and Others
4.3: European Medical Second Opinion Market
4.3.1: European Medical Second Opinion Market by Disorder Type: Organ Transplant, Cardiac Disorder, Hematologic Blood Disorders, Orthopedic Disorders, and Others
4.3.2: European Medical Second Opinion Market by End Use: Hospitals, Online Medical Second Opinion, Health Insurance, and Others
4.4: APAC Medical Second Opinion Market
4.4.1: APAC Medical Second Opinion Market by Disorder Type: Organ Transplant, Cardiac Disorder, Hematologic Blood Disorders, Orthopedic Disorders, and Others
4.4.2: APAC Medical Second Opinion Market by End Use: Hospitals, Online Medical Second Opinion, Health Insurance, and Others
4.5: ROW Medical Second Opinion Market
4.5.1: ROW Medical Second Opinion Market by Disorder Type: Organ Transplant, Cardiac Disorder, Hematologic Blood Disorders, Orthopedic Disorders, and Others
4.5.2: ROW Medical Second Opinion Market by End Use: Hospitals, Online Medical Second Opinion, Health Insurance, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Second Opinion Market by Disorder Type
6.1.2: Growth Opportunities for the Global Medical Second Opinion Market by End Use
6.1.3: Growth Opportunities for the Global Medical Second Opinion Market by Region
6.2: Emerging Trends in the Global Medical Second Opinion Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Second Opinion Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Second Opinion Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Medisense Healthcare Solutions
7.2: Second Opinion International
7.3: Elite Medical Services
7.4: Cigna
7.5: Helsana
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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