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)

Code: TIPRE00025161 | Pages: 102 | Industry: Healthcare IT | Date: Oct 2021
Covid

Market Introduction

Medical second opinion is intended to provide valuable information about the patient’s current treatment options. The concept plays a significant role in dealing with the confusion created through the recommendation of various treatment alternatives for a single case. Besides, the opinion is also sought to gain additional information, which can be helpful to improve treatment outcomes of a disease. The medical second opinion can validate diagnosis; thus, it plays a major role in increasing the accuracy of the treatment.

 


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Market Overview and Dynamics

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 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.

 

Key Market Segments

Based on disorders, the Middle East and Africa medical second opinion market is segmented into cancer, diabetes, cardiac disorders, neurological disorders, nephrological disorders, hematological disorders, COPD, orthopedic disorder, organ transplant, and other diseases. The cancer segment held the largest share of the market in 2019. However, orthopedic disorders is estimated to register the highest CAGR in the market during the forecast period.

Based on service provider, the Middle East and Africa medical second opinion market is segmented into hospitals, health insurance companies, and online services. The hospital segment held the largest share of the market in 2019, however, online services is estimated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

Some of the primary and secondary sources associated with this report on the Middle East and Africa medical second opinion market are Saudi Clinical Trial Registry (SCTR), International Agency of Research on Cancer (IARC), and Dubai Health Authority (DHA).

 

Reasons to buy the report

  • Determine prospective investment areas based on a detailed trend analysis of the Middle East and Africa medical second opinion market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
  • Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels driving the Middle East and Africa medical second opinion market market, providing a clear picture of future opportunities that will help Analyze, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Middle East and Africa medical second opinion market market.

 

 

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
 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Middle East and Africa Medical Second Opinion Market– By Disorder

1.3.2        Middle East and Africa Medical Second Opinion Market– By Service Provider

1.3.3        Middle East and Africa 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.           Middle East and Africa Medical Second Opinion Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Middle East and Africa– 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– Middle East and Africa Analysis

6.1         Middle East and Africa 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 – Middle East and Africa Analysis

9.1         Middle East and Africa: Medical Second Opinion Market

9.1.1        Overview

9.1.2        Middle East and Africa: Medical Second Opinion Market, by Country, 2018 & 2027 (%)

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

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

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

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

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

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

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

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

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

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

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

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

10.        Impact of COVID-19 Pandemic on Middle East and Africa Medical Second Opinion Market

10.1      Middle East and Africa: 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      WorldCare

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      Medix

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      AXA

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

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms


LIST OF TABLES

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

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

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

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

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

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

Table 7.             Recent Inorganic Growth Strategies in the medical second opinion Market

Table 8.             Recent Organic Growth Strategies In The Medical Second Opinion Market

Table 9.             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.           Medical Second Opinion Market in Saudi Arabia to Show Remarkable Growth During Forecast Period

Figure 6.           Middle East and Africa PEST Analysis

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

Figure 8.           Middle East and Africa 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.        Middle East and Africa: Medical Second Opinion Market, by Key Country – Revenue (2019) (USD Million)

Figure 24.        Middle East and Africa: Medical Second Opinion Market, by Country, 2019 & 2027 (%)

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

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

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

Figure 28.        Impact Of COVID-19 Pandemic in Middle East and Africa Market

  1. Second Opinion International
  2. Elite Medical Services
  3. Cigna
  4. WorldCare
  5. Medix
  6. AXA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa 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 Middle East and Africa 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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