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Medical Second Opinion Market Analysis By 2028

Medical Second Opinion Market to reach at an estimated value of 10,002.27 billion and grow at a CAGR of 10.76% in the forecast period.

Medical second opinion market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 10,002.27 billion and grow at a CAGR of 10.76% in the above-mentioned forecast period. Growing emphasis on superior treatment outcomes drives the medical second opinion market.

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Medical second opinion service is the type of additional consultation which is taken by the patient after the primary diagnosis. The patient can go for a medical second opinion if the patient feels dissatisfied with the diagnosis or if there is a need for further validation in case of some serious surgical procedures. There has been a recent hike in medical second opinion services mainly due to health, financial and legal costs involved in the treatment.

Rising preference for healthcare cost optimization is the vital factor escalating the market growth, also rise in awareness among people, rising need for improved diagnosis and treatment planning, reducing the financial cost, and ease of interaction, rising superior treatment outcomes, rising prevalence of diseases due to change in lifestyle, rising number of hospitals all over the globe and increasing population in developing countries are the major factors among others driving the medical second opinion market. Moreover, increasing investments in telemedicine technologies, rising modernization and technological advancement in the healthcare sector and rising research and development activities in the market will further create new opportunities for medical second opinion market in the forecasted period of 2021-2028.

North America dominates the medical second opinion market due to highly aware population, advanced healthcare infrastructure, rising favorable government initiatives and rising prevalence of diseases due to change in lifestyle in this region.

The major players covered in the medical second opinion market report are Medisense Healthcare Solutions Pvt. Ltd., Second Opinion International, Cigna, EMS | Elite Medical Services., WorldCare, Medix Staffing Solutions Inc., 2nd.MD, AXA, Medo Asia Sdn Bhd., Medisense, London Pain Clinic, Mondial Assistance, GrandOpinion, Penn Medicine, The Johns Hopkins University, Keio University., Toranomon Hospital and Cleveland Clinic among other domestic and global players.

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