Middle East and Africa Medical Second Opinion Market Growth and Recent Trends by 2027
Middle East and Africa 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)
- Status : Published
- Report Code : TIPRE00025161
- Category : Life Sciences
- No. of Pages : 102
- Available Report Formats :
- Last update date : October 06, 2021
2020 Market Size
US$ 121.60 Mn
Base year value
2027 Forecast
US$ 291.04 Mn
Projected by 2027
CAGR 2021-2027
13.3 %
Growth rate
Addressable Market
US$ 1,446.80 Mn
(2021-2027)
The Middle East and Africa medical second opinion market is expected to reach US$ 291.04 Mn by 2027 from US$ 121.60 Mn in 2020; it is estimated to grow at a CAGR of 13.3% from 2020 to 2027.
The growth of the market is attributed to some key driving factors such as rising investments on telemedicine technologies and digitalization of medical consulting services across globe. However, lack of awareness and reluctance toward opting for medical second opinion in emerging nations is likely to show negative impact on Middle East and Africa Medical Second Opinion market growth during the forecast period.
Telemedicine technologies incorporate the utilization of modern communication platforms intending to conduct virtual interaction between patients and healthcare professionals. The adoption of telemedicine technologies allows the physician and patient communication over geographical boundaries. This prominent benefit served by telemedicine technologies and growing investments is likely to offer lucrative opportunity growth of the medical second opinion market during the forecast period. For instance, in March 2020, New Capital Partners invested in New Capital Partners to develop new telemedicine technologies. These new technologies will be prominently useful for nursing services, long-term care, and assisted living facilities. With the assistance of this investment, the company is planning to launch pre-consultations, second medical opinion, and appointment-booking platform 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, rising number of partnerships and collaborations amongst software developing companies and healthcare institutions is accelerating the digitalization of medical consulting services. Such growing digitalization of medical second opinion services is estimated to offer lucrative opportunity for the growth of the market.
The coronavirus pandemic has become the largest challenge to developing Middle East region. For instance, due to the high uncertainty of the spread of COVID-19, the impact on Africa is expected to be severe, given the continent’s exposure to China. The countries in these regions usually face challenges for the availability of medical services. However, the new online and mobile-only feature was launched by the Dubai Health Authority (DHA) at the opening of Arab Health, a global healthcare event. Patients with disorders across seven specialties can get a second medical opinion (SMO) or diagnosis free from doctors in Dubai. Hence, COVID-19 will have a positive impact on medical second opinion market in Middle East region.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MIDDLE EAST AND AFRICA 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
- UAE
- Saudi Arabia
- South Africa
Company Profiles
- Second Opinion International
- Elite Medical Services
- Cigna
- WorldCare
- Medix
- AXA
Middle East and Africa Medical Second Opinion Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 121.60 Million |
| Market Size by 2027 | US$ 291.04 Million |
| CAGR (2020 - 2027) | 13.3% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Disorders
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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