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Europe Medical Second Opinion Market

2021

Europe Medical Second Opinion Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Disorders (Cancer, Orthopedic Disorders, Cardiac Disorders, Neurological Disorders, Nephrological Disorders, Hematologic Blood Disorders, COPD, Organ transplant, and Other Disorders) and Service Providers (Hospitals, Health Insurance Companies, and Online Services)

Publication Month: Oct 2021 | Report Code: TIPRE00025236 | No. of Pages: 115 | Category: Healthcare IT | Status: Published

Market Insights

Europe Medical Second Opinion Market Market to Grow at a CAGR of 16.5% to reach US$ 3,252.99 million from 2020 to 2027

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The Europe medical second opinion market is expected to reach US$ 3,252.99 million by 2027 from US$ 1,116.44 million in 2020; it is estimated to grow at a CAGR of 16.5% from 2020 to 2027.


The market's growth is attributed to growing emphasis on superior treatment outcomes and increasing preference for healthcare cost optimization. However, the absence of clear-cut guidelines on using medical second opinion globally is likely to impact market growth during the forecast period negatively.

Telemedicine technologies incorporate modern communication platforms intending to conduct virtual interaction between patients and healthcare professionals. The adoption of telemedicine technologies allows physician and patient communication over geographical boundaries. This significant benefit of telemedicine technologies and growing investments is likely to offer lucrative growth opportunities for the medical second opinion market during the forecast period. For instance, in March 2020, New Capital Partners invested in TeleHealth Solution (THS) to develop new telemedicine technologies. These new technologies will be prominently useful for nursing services, long-term care, and assisted living facilities. With the help of this investment, the company is planning to launch pre-consultations, second medical opinion, and appointment-booking platforms to provide ease of healthcare access for a large number of populations. Such an increasing number of investments in telemedicine technologies are projected to offer a lucrative opportunity for market growth by 2027. Also, the rising number of partnerships and collaborations among software developing companies and healthcare institutions is accelerating the digitalization of medical consulting services. Such growing digitalization of medical second opinion services market is estimated to offer a lucrative opportunity for the market's growth.

The European countries have been severely affected by the COVID-19 pandemic. The number of patients has increased; errors can happen due to the complexity of cases or the lack of deep expertise and practice in all cases. However, the presence of false-negative makes the diagnosis difficult, especially in the early stages of the disease. That is why getting a second opinion can be an essential step, especially if there is any uncertainty about the diagnosis and treatment plan in COVID-19. Hence, the rising demand for a medical second opinion in Europe is likely to impact market growth during the forecast period positively.

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EUROPE MEDICAL SECOND OPINION MARKET SEGMENTATION

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

By Country

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Company Profiles

  • Second Opinion International
  • Elite Medical Services
  • Helsana
  • Cigna
  • WorldCare
  • Medix
  • 2nd.MD (Innovation Specialists LLC)
  • AXA

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Medical Second Opinion Market– By Disorder

1.3.2 Europe Medical Second Opinion Market– By Service Provider

1.3.3 Europe Medical Second Opinion Market– By Country

2. Medical Second Opinion Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Medical Second Opinion Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Europe– PEST Analysis

4.3 Expert Opinion

5. Medical Second Opinion Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Growing Emphasis on Superior Treatment Outcomes

5.1.2 Increasing Preference for Healthcare Cost Optimization

5.2 Key Market Restraints

5.2.1 Lack of Awareness and Reluctance toward Opting for Medical Second Opinion in Emerging Nations

5.3 Key Market Opportunities

5.3.1 Rising Investments on Telemedicine Technologies

5.4 Future Trends

5.4.1 Digitalization of Medical Consulting Services

5.5 Impact Analysis

6. Medical Second Opinion Market– Europe Analysis

6.1 Europe Medical Second Opinion Market Revenue Forecast and Analysis

7. Medical Second Opinion Analysis – By Disorders

7.1 Overview

7.2 Medical Second Opinion Market Share, by Disorder, 2019 and 2027 (%)

7.3 Cancer

7.3.1 Overview

7.3.2 Cancer: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

7.4 COPD (Chronic Obstructive Pulmonary Disease)

7.4.1 Overview

7.4.2 COPD: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

7.5 Cardiac Disorders

7.5.1 Overview

7.5.2 Cardiac Disorders: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

7.6 Neurological disorders

7.6.1 Overview

7.6.2 Neurological Disorders: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

7.7 Nephrological Disorders

7.7.1 Overview

7.7.2 Nephrological Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

7.8 Hematologic Blood Disorders

7.8.1 Overview

7.8.2 Haematological Blood Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

7.9 Orthopaedic Disorders

7.9.1 Overview

7.9.2 Orthopaedic Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

7.10 Organ Transplant

7.10.1 Overview

7.10.2 Organ Transplant: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

7.11 Other Disorders

7.11.1 Overview

7.11.2 Other Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

8. Medical Second Opinion Market Analysis – By Service Providers

8.1 Overview

8.2 Medical Second Opinion Market Share, by Service Provider, 2019 and 2027, (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

8.4 Health Insurance Companies

8.4.1 Overview

8.4.2 Health Insurance Companies: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

8.5 Online Services

8.5.1 Overview

8.5.2 Online Services: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

9. Medical Second Opinion Market – Europe Analysis

9.1 Europe: Medical Second Opinion Market

9.1.1 Overview

9.1.2 Europe: Medical Second Opinion Market, by Country, 2019 & 2027 (%)

9.1.2.1 Germany: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.1.1 Germany: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.1.2 Germany Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

9.1.2.1.3 Germany Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

9.1.2.2 UK: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.2.1 UK: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.2.2 UK Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

9.1.2.2.3 UK Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

9.1.2.3 France: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.3.1 France: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.3.2 France Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

9.1.2.3.3 France Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

9.1.2.4 Spain: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.4.1 Spain: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.4.2 Spain Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

9.1.2.4.3 Spain Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

9.1.2.5 Italy: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.5.1 Italy: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.5.2 Italy Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

9.1.2.5.3 Italy Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10. Impact of COVID-19 Pandemic on Europe Medical Second Opinion Market

10.1 Europe: Impact Assessment Of COVID-19 Pandemic

11. Medical Second Opinion Market –Industry Landscape

11.1 Overview

11.2 Inorganic Growth Strategies

11.2.1 Overview

11.3 Organic Growth Strategies

11.3.1 Overview

12. Company Profiles

12.1 Second Opinion International

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Elite Medical Services

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Cigna

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Helsana

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 WorldCare

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Medix

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 AXA

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. Germany Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

Table 2. Germany Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 3. UK Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

Table 4. UK Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 5. France Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

Table 6. France Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 7. Spain Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

Table 8. Spain Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 9. Italy Medical Second Opinion Market, by Disorders – Revenue and Forecast to 2027 (USD Million)

Table 10. Italy Medical Second Opinion Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 11. Recent Inorganic Growth Strategies In The Medical Second Opinion Market

Table 12. Recent Organic Growth Strategies In The Medical Second Opinion Market

Table 13. Glossary of Terms, Medical Second Opinion Market

LIST OF FIGURES

Figure 1. Medical Second Opinion Market Segmentation

Figure 2. Medical Second Opinion Market, By Country

Figure 3. Medical Second Opinion Market Overview

Figure 4. Cancer Held Largest Share of Medical Second Opinion Market in 2019

Figure 5. Germany to Show Remarkable Growth During Forecast Period

Figure 6. Europe PEST Analysis

Figure 7. Medical Second Opinion Market Impact Analysis of Driver And Restraints

Figure 8. Europe Medical Second Opinion Market– Revenue Forecast And Analysis – 2019- 2027

Figure 9. Medical Second Opinion Market Share, by Disorder, 2019 and 2027 (%)

Figure 10. Cancer: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

Figure 11. COPD: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12. Cardiac Disorders: Medical Second Opinion Market– Revenue and Forecast to 2027 (US$ Million)

Figure 13. Neurological Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14. Nephrological Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15. Hematological Blood Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16. Orthopedic Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17. Organ Transplant: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18. Other Disorders: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19. Medical Second Opinion Market Share, by Service Provider, 2019 and 2027 (%)

Figure 20. Hospitals Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21. Health Insurance Companies: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22. Online Services: Medical Second Opinion Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23. Europe: Medical Second Opinion Market, by Key Country – Revenue (2019) (USD Million)

Figure 24. Europe: Medical Second Opinion Market, by Country, 2019 & 2027 (%)

Figure 25. Germany: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

Figure 26. UK: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

Figure 27. France: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

Figure 28. Spain: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

Figure 29. Italy: Medical Second Opinion Market – Revenue and Forecast to 2027 (USD Million)

Figure 30. Impact of COVID-19 Pandemic in European Country Markets

  1. Second Opinion International
  2. Elite Medical Services
  3. Helsana
  4. Cigna
  5. WorldCare
  6. Medix
  7. 2nd.MD (Innovation Specialists LLC)
  8. AXA

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe medical second opinion market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Europe medical second opinion market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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