Medico legal services, which serves as a link between legal professionals and healthcare practitioners, is witnessing increased demand due to rising number of personal injury claims, wherein an individual sues another individual or a company on account of personal injury. Personal injury cases, such as road traffic accidents, medical malpractice and construction accidents amongst others are increasing in numbers. National Highway Traffic Safety Administration stated that about 5.5 million vehicle accidents are reported each year in the United States. Moreover, U.S. Department of Justice, Bureau of Justice Statistics revealed that of the total personal injury claims in the country, 52% were as a result of motor vehicle accidents and about 15% accounted to medical malpractices. Simultaneously, fraudulent activities associated with personal injury claims is also on an all-time rise. It has been reported by the Association of British Insurers that personal injury fraud have resulted in losses of more than a billion pounds to the British Insurance Industry. Hence, the involvement of medico legal experts is of utmost importance in resolving the issues amicably. The growing instances of personal injury claims, thus, indicates significant demand for global medico legal services market.
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New legislative changes in the laws governing medical sectors serve as an opportunity that are anticipated to contribute towards the growth of medico legal services market, as medical institutions and doctors regularly require the services of lawyers to study and interpret the law, while also informing their clients the accurate approach towards legal matters.
The global medico legal services market accounted for US$ 11,56,284.5 Thousands in 2020, and is expected to grow at a CAGR of 9.3% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of medico legal services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Annotated medical summary services held the largest share in the medico legal services market in 2020. Growing need for accurate and sequential summarization of the medical records, entailing detailed information on the event, has contributed to the higher share of the segment in the global market.
- Among end users, medical practitioners held the largest market share in 2020. Families and hospitals are two categories that are expected to witness the fastest growth in the market during the forecast period. Growing awareness among families regarding legal aspects is estimated to supplement the segment’s growth in the global medico legal services market over the forecast period.
- Due to technological advancement and the availability of most advanced healthcare facilities along with medicines, North America held the largest share in the global medico legal services market in 2020.
- Some of the major players operating in the global medico legal services market are Apex Medico Limited, Clinical Partners, Exigent, FORENSICDX, Grosvenor Medical Ltd., GSB LPO Services, MAPS Medical Reporting, Medico-Legal Consulting and Pristine Health amongst others.
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Global Medico Legal Services Market:
By Services
- Early Case Assessments
- Personal Injury Claims
- IP Advisory and Opinion
- Medical Records Reorganization
- Annotated Medical Summary
- SOAP (Subjective, Objective, Assessment, and Plan) Format Summary with Synopsis
- Narrative Medical Summary
- Customized Medical Summary for Medical Malpractice Cases
- Medical Tab Update and Medical Summary in Case Management Tools
- Itemized Medical Billing Summaries
- Privilege Log for Medical Records with Redaction of Issues Relating to Privacy and Confidentiality
- Medical Summary and Analysis of Defendant’s Claim
- Medical Documentation and Research to aid Personal Injury Cases
- Medical Malpractice / Nursing Home Negligence
- Personal Injury, Motor Vehicle Accidents and Worker’s Compensation
- Others
By End Users
- Medical Practitioners
- Physicians
- Doctors
- Coroners
- District Attorneys
- Families
- Law Firms/Lawyers
- Hospitals
- Insurance Companies
- LIC
- GIC
- Others
- Funeral Homes
- Others
By Region:
- North America
-
- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
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- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
-
- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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