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Pulished Date April, 2021
ID: 6417
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Asia Pacific Medical Second Opinion Market Analysis Report – Segmented By Type, Supply Providers & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Industry Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 6417
Pages: 145

APAC Medical Second Opinion Market Size (2021 to 2026)

The size of the Asia Pacific Medical Second Opinion Market is estimated to grow at a healthy CAGR from 2021 to 2026.

Due to the financial, health, and legal costs of treatments, the increasing trend in second opinion medical services is one of the most key drivers of the Medical Second Opinion Market in the Asia Pacific. Furthermore, the growing need for healthcare cost optimization and increased public awareness are expected to propel the medical second opinion market forward during the projected period. In addition, the surge in investments in telemedicine technologies and the digitization of medical consulting services across the Asia Pacific is attributable to the market's growth.

Patients in the Asia-Pacific are experiencing an increase in the financial pressures imposed by healthcare services. In addition, the demand for healthcare cost optimization is driven by rising healthcare-related expenditures due to a general shortage of healthcare professionals and limited resource availability. The APAC medical second opinion market is further expected to be caused by a growing emphasis on reducing additional costs and increased awareness about possible exploitation from healthcare organizations, particularly in low- and middle-income nations.

Y-O-Y growth in the incidence of medical billing errors is predicted to favor the medical second opinion market during the forecast period. Furthermore, other than the drivers mentioned above, several other factors such as the rising need for better diagnosis, lower financial costs, and favorable government efforts are expected to support the medical second opinion market in the APAC region.

However, in emerging countries, a lack of awareness and apprehension about seeking a medical second opinion is projected to have a negative impact on market growth throughout the forecast period. One of the other limitations of the medical second opinion market is a lack of complete medical expertise on therapy and diagnosis for patients and inexperience with restricted perspectives.

This research report on the APAC medical second opinion market has been segmented and sub-segmented into the following categories:

By Disease: 

  • Cancer
  • Cardiac Disorders
  • Diabetes
  • Injuries

By Supply Provider: 

  • Hospitals
  • Health Insurance Players
  • Online and Offline Medical Second Opinion Providers
  • Private clinics

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the APAC region is the fastest-growing regional market globally. In nations like India, China, and Japan, the government implements beneficial policies and programs in the region and offers reimbursements through medical insurance. In some situations, Medicare pays for a second opinion for non-emergency surgery. If the first and second opinions aren't the same, Medicare can pay for a third opinion.

Due to the increasing economies throughout the region, Asia Pacific is one of the fastest-growing regions. In the event of chronic conditions like diabetes and cancer, medical second opinions are common. Diabetes was the direct cause of 1.6 million deaths in 2016, according to the World Health Organization (WHO). During the projection period, the medical second opinion market can be driven by better diagnosis in the region through second opinions.

During the forecast period, the Indian medical second opinion market is expected to grow at a brisk pace owing to rise due to rising demand for second opinions due to the pandemic, financial, health, and legal costs associated with treatment, and the increased need to enhance diagnostic and treatment plans.


Companies playing a noteworthy role in the Asia Pacific medical second opinion market profiled in the report are Amradnet, London Pain Clinic, Johns Hopkins USA, Cynergy Care, Bright Grey Royal London Group, Helsana Group, Mendocino County Mental Health, Hyjiya Digital Wellness FZCO, Penn Medicine.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Disease                        

                                5.1.1 Cancer      

                                5.1.2 Cardiac Disorders 

                                5.1.3 Diabetes  

                                5.1.4 Injuries     

                                5.1.5  Y-o-Y Growth Analysis, By Disease               

                                5.1.6  Market Attractiveness Analysis, By Disease             

                                5.1.7  Market Share Analysis, By Disease              

                5.2 Supply provider                        

                                5.2.1 Hospitals  

                                5.2.2 Health Insurance Players  

                                5.2.3 Online and Offline Medical Second Opinion Providers         

                                5.2.4 Private clinics         

                                5.2.5 Y-o-Y Growth Analysis, By Supply provider               

                                5.2.6 Market Attractiveness Analysis, By Supply provider             

                                5.2.7 Market Share Analysis, By Supply provider               

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Product

                                       By Type

                                       By Application

                                       By Indication

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Product

                                       By Type

                                       By Application

                                       By Indication

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Product

                                       By Type

                                       By Application

                                       By Indication

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 AXA PPP Healthcare                               

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Amradnet                   

                8.3 London Pain Clinic                    

                8.4 Johns Hopkins USA                 

                8.5 Cynergy Care                             

                8.6 Bright Grey, Royal London Group                     

                8.7 Helsana Group                          

                8.8 Mendocino County Mental Health                   

                8.9 Hyjiya Digital Wellness FZCO                               

                8.10 Penn Medicine                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)
  2. Asia Pacific Cancer Market By Region, From 2021 to 2026 (USD Million)
  3. Asia Pacific Injuries Market By Region, From 2021 to 2026 (USD Million)
  4. Asia Pacific Diabetes Market By Region, From 2021 to 2026 (USD Million)
  5. Asia Pacific Cardiac Disorders Market By Region, From 2021 to 2026 (USD Million)
  6. Asia Pacific Hospitals Market By Region, From 2021 to 2026 (USD Million)
  7. Asia Pacific  Online and Offline Medical Second Opinion Providers  Market By Region, From 2021 to 2026 (USD Million)
  8. Asia Pacific Health Insurance Players Market By Region, From 2021 to 2026 (USD Million)
  9. Asia Pacific Private clinics Market By Region, From 2021 to 2026 (USD Million)
  10. Japan Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)
  11. China Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)
  12. India Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)
  13. Australia Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)
  14. South Korea Medical Second Opinion  Market By Diseases, From 2021 to 2026 (USD Million)

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