North America Medical Second Opinion Market was valued at US$ 1,480.14 million in 2020 and is projected to reach US$ 4,476.22 million by 2027 with a CAGR of 17.1% from 2020 to 2027.
Increasing emphasis on achieving better treatment outcomes drives the second medical opinion market. There is a high possibility of the adverse effects of many treatment procedures, which might also lead to mortality. Hence, it becomes essential to revise the current treatment alternatives in crucial cases and get advice from another reliable healthcare professional to avoid possible ill effects. According to a study published by the John Hopkins University in 2018, around 250,000 deaths are caused due to medical errors in the US each year. Such a large extent of medical errors is anticipated to encourage consumers to opt for a medical second opinion. According to the World Health Organization data, in 2018, an estimated 9.6 million patients across the globe lost their lives due to the occurrence of cancer. In addition, the growing exposure to risk factors such as consumption of tobacco, excessive alcoholism, unhealthy diet, and obesity is further projected to elevate the prevalence of cancer. Thus, an increasing prevalence of cancer, combined with a greater number of cancer patients seeking a second opinion, would be one of the prominent factors driving the medical second opinion market during the forecast period.
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The report covers an in depth analysis of the key market players within the market
- Second Opinion International
- Cigna
- WorldCare
- Medix
- 2nd.MD (Innovation Specialists LLC)
- AXA
In this report, the market has been segmented on the basis of:
By Disorder
- Cancer
- Orthopaedic Disorders
- Cardiac Disorders
- Neurological Disorders
- Nephrological Disorders
- Hematologic Blood Disorders
- COPD (Chronic Obstructive Pulmonary Disease)
- Organ Transplant
- Other Diseases
By Service Provider
- Hospitals
- Health Insurance Companies
- Online Services
Market Analysis and Insights: North America Medical Second Opinion Market
North America Medical Second Opinion Market report elaborates the market size, market characteristics, and market growth of the North America Medical Second Opinion industry, and breaks down according to the type, application, and consumption space of North America Medical Second Opinion . The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
- -What can we estimate about the anticipated growth rates and also the North America Medical Second Opinion industry size by 2027?
- -What will happen in the coming existing and emerging markets?
- -Which are the five top players within thee North America Medical Second Opinion market?
- -How can the North America Medical Second Opinion market change in the upcoming years?
- -Which product and application will take a share of the North America Medical Second Opinion market?
- -What will be the North America Medical Second Opinion Market was valued at US$ 1,480.14 million in 2020 and is projected to reach US$ 4,476.22 million by 2027 with a CAGR of 17.1% from 2020 to 2027. and size of the North America Medical Second Opinion market throughout the forecast period?
- -What are the market opportunities and challenges two-faced by the key vendors?
- -Who are the major competitors and what is their strategy?
- -What are the barriers to entry for new players in the market?
- -What would be the upcoming North America Medical Second Opinion market behaviour forecast with trends, challenges, and drivers for development?
- -What business opportunities and dangers are faced by vendors in the market?
- -Which would be North America Medical Second Opinion industry opportunities and challenges faced by most vendors in the market?
- -What will be the outcomes of this market SWOT five forces analysis?
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