Press release
Medical Second Opinion Market Booms | Rising Demand for Expert Diagnostics & Virtual Consultations 2025 | Top key players - Cleveland Clinic, Helsana Group, Teladoc Health.
The Global Medical Second Opinion Market size reached USD 4,344.8 million in 2022 and is projected to witness lucrative growth by reaching up to USD 12,701.8 million by 2031. The medical second opinion market is expected to exhibit a CAGR of 14.8% during the forecast period 2024-2031.The Medical Second Opinion Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Medical Second Opinion Market refers to the healthcare service segment where patients seek alternative evaluations of their diagnosis or treatment plans from qualified medical experts. This service helps in ensuring accurate diagnosis, reducing medical errors, improving treatment outcomes, and enhancing patient confidence. It is increasingly adopted due to the rise in complex health conditions and personalized healthcare demands.
Major players in the Medical Second Opinion Market
The prominent players in Medical Second Opinion market research report are: Mediguide International LLC, WorldCare Inc, Cynergy Care, AXA PPP Healthcare, Cleveland Clinic, Helsana Group, Teladoc Health, GrandOpinion, Lybrate, Mass General Brigham and others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Developments:
On January 13, 2023, The Clinic by Cleveland Clinic-a virtual care initiative developed by Cleveland Clinic and telehealth leader Amwell announced a partnership with digital health company Transcarent. Through this collaboration, Transcarent members gain access to expert second opinions, allowing their diagnosis or treatment plans to be reviewed by world-class specialists for more personalized, informed healthcare decisions.
On January 19, 2021, Lybrate acquired 2nd.MD, a leading medical opinion platform, in a $460 million deal. The acquisition aimed to expand access to expert second opinions for patients facing major health decisions, such as surgeries, helping them better understand their treatment options and health benefits.
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Market Segments
By Disorder: Cancer, Diabetes, Cardiac disorders, Neurological disorders, Ocular disorders, Others.
By Service Type: Hospitals, Medical Second Opinion Providing Companies, Health Insurance Companies.
The Medical Second Opinion industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Medical Second Opinion Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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