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South and Central America Medical Second Opinion Market

2021

South and Central America 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: TIPRE00025160 | No. of Pages: 97 | Category: Healthcare IT | Status: Published

Market Insights

South and Central America Medical Second Opinion Market to Grow at a CAGR of 15.0% to reach US$ 344.74 Million from 2020 to 2027

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The South and Central America medical second opinion market is expected to reach US$ 344.74 Mn in 2027 from US$ 129.92 Mn in 2020; it is estimated to grow at a CAGR of 15.0% from 2020-2027.


The growth of the market is attributed to some key driving factors such as growing emphasis on superior treatment outcomes & increasing preference for healthcare cost optimization. However, lack of awareness and reluctance toward opting for medical second opinion in emerging nations is likely to show negative impact on South and Central America Medical Second Opinion market growth during the forecast period.

Increasing emphasis on achieving better treatment outcomes drives the growth of the second medical opinion market. There is high possibility of the occurrence of adverse effects of many treatment procedures, which might as well lead to mortality. Hence, in crucial cases, it becomes very essential to revise the current treatment alternatives and get advice from another reliable healthcare professional to avoid possible ill-effects. According to a survey published by the Institute of Supplementary Health Studies of the Federal University of Minas Gerais (IESS-UFMG), almost 55,000 people die each year in Brazil, the equivalent of six per hour, due to medical errors. Such large extent of medical errors is anticipated to encourage consumers to opt for 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 for second opinion, would be one of the prominent factors to drive the growth of the medical second opinion market during the forecast period. Increasing healthcare-associated costs due to the overall shortage of healthcare professionals and limited availability of resources are generating need for healthcare cost optimization worldwide. Also, growing emphasis on the reduction of additional costs and increasing awareness about the possible exploitation from healthcare organizations, especially in low- and middle-income countries, significantly drive the second medical opinion market.

The coronavirus pandemic has become the largest challenge to South and Central America region. The countries in this region usually face challenges for the availability of medical services. However, the outbreak of COVID-19, has resulted in an increased demand for the second opinion provided by physicians and health insurance providers. The physicians in the region recommend the patients to consider a second opinion if there is a scope for better detection and diagnosis of the disease. The health insurance providers also recommend a second opinion to know about the insurance coverage for various medical services. Hence, the ongoing COVID-19 pandemic has significantly driven the medical second opinion industry.

Get more information on this report :


SOUTH AND CENTRAL AMERICA 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

  • Brazil
  • Argentina

Company Profiles

  • Second Opinion International
  • Cigna
  • WorldCare
  • Medix
  • AXA

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Medical Second Opinion Market– By Disorder

1.3.2 Medical Second Opinion Market– By Service Provider

1.3.3 Medical Second Opinion Market– By Geography

2. Medical Second Opinion Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Medical Second Opinion Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 South and Central America – 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– South and Central America Analysis

6.1 South and Central America 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 – South and Central America Analysis

9.1 South and Central America: Medical Second Opinion Market

9.1.1 Overview

9.1.2 South and Central America: Medical Second Opinion Market, by Country, 2019 & 2027 (%)

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

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

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

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

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

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

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

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

10. Impact of COVID-19 Pandemic on South and Central America Medical Second Opinion Market

10.1 South and Central America: 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 Cigna

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 WorldCare

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 Medix

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 AXA

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

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

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

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

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

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

Table 5. Recent Inorganic Growth Strategies In The Medical Second Opinion Market

Table 6. Recent Organic Growth Strategies In The Medical Second Opinion Market

Table 7. 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. Brazil to Show Remarkable Growth During Forecast Period

Figure 6. South and central America PEST Analysis

Figure 7. Medical Second Opinion Market impact analysis of driver and restraints

Figure 8. South and Central America 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. South and Central America: Medical Second Opinion Market, by Key Country – Revenue (2019) (USD Million)

Figure 24. South and Central America: Medical Second Opinion Market, by Country, 2019 & 2027 (%)

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

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

Figure 27. Impact Of COVID-19 Pandemic in South and Central America Market

  1. Second Opinion International
  2. Cigna
  3. WorldCare
  4. Medix
  5. AXA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America 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 South and Central America 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.
TIPRE00025160
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