Global Medical Second Opinion Market Growth (Status and Outlook) 2025-2031

Global Medical Second Opinion Market Growth (Status and Outlook) 2025-2031

The global Medical Second Opinion market size is predicted to grow from US$ 6821 million in 2025 to US$ 23180 million in 2031; it is expected to grow at a CAGR of 22.6% from 2025 to 2031.

Medical Second Opinion Service is the additional consultation taken by the patient after the primary diagnosis. The patient can opt 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 an upward surge in medical second opinion services mainly due to financial, health and legal costs involved in the treatment. The increased need for improved diagnosis and treatment planning, reducing the financial cost, and ease of interaction is expected to propel the market growth in the forecast period.

The major players in global Medical Second Opinion market include HCA Hospitals, AXA PPP Healthcare, Royal London Group, etc. The top 3 players occupy about 20% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Hospitals is the main type, with a share about 45%. Cancer is the main application, which holds a share about 25%.

LPI (LP Information)' newest research report, the “Medical Second Opinion Industry Forecast” looks at past sales and reviews total world Medical Second Opinion sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical Second Opinion sales for 2025 through 2031. With Medical Second Opinion sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Second Opinion industry.

This Insight Report provides a comprehensive analysis of the global Medical Second Opinion landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Medical Second Opinion portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical Second Opinion market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Second Opinion and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Second Opinion.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Second Opinion market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hospitals
Medical Second Opinion Providing Companies
Health Insurance Companies

Segmentation by Application:
Cancer
Diabetes
Cardiac Disorders
Neurological Disorders
Ocular Disorders
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
HCA Hospitals
AXA PPP Healthcare
Royal London Group
Helsana Group
Cleveland Clinic
Amradnet
Best Doctors Inc
Inova Care
Toranomon Hospital
Keio University Hospital
Johns Hopkins Medicine
Penn Medicine
Oncology International Pvt. Ltd.
GrandOpinion
London Pain Clinic
Mondial Assistance
Medisense
Medo Asia Sdn. Bhd.

Please note: The report will take approximately 2 business days to prepare and deliver.