Medical Second Opinion Market

Medical Second Opinion Market

Medical Second Opinion Service is the patient's additional consultation preceding the primary diagnosis. If the patient is uncomfortable with the diagnosis or if there is a need for further clarification in the case of some serious surgical procedures, the patient may request for a medical second opinion. The second doctor checks the medical history of the patient and offers an opinion about the health condition of the patient and how it should be handled. A second opinion may confirm or doubt the diagnosis and treatment plan of the first physician, provide more information about the disease or condition of the patient and suggest other treatments. The Medical Second Opinion Market at global level is projected to reach USD xx.x Bn by 2026 growing at a CAGR of xx.x% during the forecast period of 2021-2026. Medical second opinion facilities recognized an upward trend primarily owing to the general health, financial and legal costs involved in the care. High demand for the second opinion owing to COVID 19 outbreak, the diagnostic, health and legal costs involved in the treatment, increased need to improve diagnosis and care planning are the main factors estimated to drive market growth.

The market for Medical Second Opinion is classified into Hospitals, Medical Second Opinion Providing Companies, Health Insurance Companies, Online Services Providing Companies and Others, based on service providers. Owing to the growing need for improvement during diagnosis and care planning, the division of hospitals has the highest market share in 2019. Physicians should recommend a second opinion if they feel that inpatient treatment will be of benefit. However, the online services segment is the fastest-growing segment, as medical services interaction can be easily obtained through an online platform at reduced costs. There are online apps that allow patients to connect and communicate with their health care providers by asking questions, making feedback or sending e-mail messages.

 

The Medical Second Opinion Market is segmented based on Speciality into Oncology, Heart and Vascular Care, Pulmonology, Gastroenterology and Hepatology, Neurology, Ophthalmology, Rheumatology, Endocrinology, Obstetrics and Gynaecology, Urology, Otolaryngology, Hematology, Dermatology, Allergies and Others. Neurology provides guidance to the relevant physicians for consultations. When a patient is diagnosed with serious brain injury requiring surgery, then a second opinion will offer important advice and peace of mind. Pulmonary diseases include asthma, chronic pulmonary obstructive illness, pulmonary fibrosis, pneumonia, and lung cancer. A second opinion may lead to proper diagnosis and appropriate care.

 

North America, Europe, Asia Pacific, and RoW are the geographic segments in this study. It is projected that the emerging need for better diagnosis in the world will drive the North American market holds the largest regional share. An estimated 17, 62,450 new patients have been diagnosed with cancer in 2019 according to the American Cancer Society.growing care preparation among people is also estimated to contribute to the growth of the segment. Asia-Pacific the fastest-growing segment owing to the region's emerging economy. In the case of chronic diseases like diabetes and cancer the professional second opinion is strong. Diabetes is the primary cause of 1.6 million deaths according to the World Health Organization (WHO), 2016. By enhancing diagnosis in the area by means of the second opinion the market can be driven.


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