Occupational Health Market Size Report | Growth Overview 2030

Occupational Health Market Forecast to 2030 - Global Analysis by Offering (Product, Solution, and Service), Category (Safety, Chemicals, Biological, Physical & Environmental, Ergonomics, Vaccination & immunizations, and Others), Employee Type (Remote, Hybrid, and Physical Presence), Site Location (On-Site, Off-Site, and Shared-Site), Type (Physical Wellbeing and Social & Mental Wellbeing), and Industry [Automobile, Chemical, Engineering, Government (including Federal), Manufacturing, Mining, Oil & Gas, Pharmaceutical, Ports, and Others]

Publication Month : Jul 2023

  • Report Code : TIPRE00018114
  • Category : Healthcare IT
  • Status : Published
  • No. of Pages : 368
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[Research Report] The global occupational health market size is expected to grow from US$ 4,565.46 million in 2022 to US$ 5,943.40 million by 2030; it is estimated to register a CAGR of 3.4% during 2022–2030.

Analyst Perspective:

The rising awareness about occupational hazards such as slips, confined spaces, fires, and burns, and the launch of new services drive the growth of the occupational health market. Additionally, an upsurge in accidents at workplaces, and the rising awareness regarding workplace health services followed by the increased adoption of workplace wellness programs are driving the occupational health market growth. Various big organizations are taking initiatives to introduce occupational health services for safeguarding their employees from sexual harassment, biological factors that may lead to diseases, etc.

The occupational health market key players are focusing on expanding their presence and acquiring companies that strengthen their product portfolio. For instance, in February 2021, Premise Health acquired Sonic Boom Wellness, a leading provider of corporate wellness technology. Premise had plans to make its products more comprehensive through the addition of a digital engagement platform. This platform would assist members and families in changing their behaviors, improving their health, and adopting long-lasting lifestyle changes through corporate contests and challenges, on-demand health education, goal-tracking, and other tools.

Market Overview:

Occupational health is an area of work in public health to promote and maintain the physical, psychological, and social well-being of workers at the workplace. The ultimate aim of occupational health is to prevent work-related illness, stress, and injuries to ensure safety at the workplace. The knowledge and practice of occupational health involve several disciplines such as ergonomics, psychology, hygiene, and safety. It focuses on the forestallment, assessment, treatment, and resolution of health conditions caused by the workplace terrain and reduces the burden of healthcare expenditure resulting in increased productivity. The manufacturing sector is a major market for occupational health solution vendors. Certain work environment leads to exposure to harmful chemicals leading to serious disorders such as cancer and asthma, which can be prevented through occupational safety solutions and services.

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Occupational Health Market: Strategic Insights

occupational-health-market
Market Size Value inUS$ 4,565.46 million in 2022
Market Size Value byUS$ 5,943.40 million by 2030
Growth rateCAGR of 3.4% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

High Focus on Employer-Sponsored Medical Health Coverage Drives Global Occupational Health Market

Health coverage provided by employers plays a vital role in the recruitment and retention process of any organization. For instance, as mentioned in a report by the Society for Human Resource Management (SHRM), 56% of the US adults carrying employer-sponsored insurance coverage stated that health coverage is a crucial factor influencing their decision to continue their jobs. Additionally, 46% said that job-based health coverage positively influences the selection of new jobs. Employer-based health insurance covers 152 million employees in the US. Per the NISKANEN Center’s report, a high share of employees’ benefits from the health insurance coverage provided by their employers is one of the most distinctive features of the healthcare system in the US. Also, ~50% of the top firms offer tele-behavioral health consultations for mental health care, accounting for a 50% increase compared to previous years. The Health Opportunities for People Everywhere (HOPE) project report highlights that job-based coverage is essential to the US healthcare system, and it is the most common source of coverage, offering insurance to more than 150 million Americans.

In Europe, employer-provided insurance acts as a cornerstone in the healthcare system, covering almost 200 million Europeans, thus resulting in innovation and ultimate improvement of overall healthcare at workplaces. However, employer-sponsored health insurance (ESHI) is becoming unaffordable for family businesses. Moreover, worker premiums have risen rapidly in the past few years. Nevertheless, supportive policy provisions limit the rise in premium amounts designated to employees, thereby improving the affordability of job-based insurance for employees. Also, workable and affordable policies assist healthcare systems by safeguarding insurers from high costs and curbing the unhealthy practices of dominant health systems imposing high prices. Curbing excessive prices of job-based insurance would result in higher wages and job growth, lower premiums, and cost-sharing for families, reducing the burden on taxpayers. This factor further contributes to greater access to more affordable healthcare worldwide, thereby favoring the growth of the occupational health market.

Segmental Analysis:

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Based on industry, the occupational health market is segmented into automobile, chemical, engineering, government, manufacturing, mining, oil and gas, pharmaceutical, ports, and others. The government segment accounted for the largest occupational health market share in 2022, and the oil & gas segment is anticipated to register the highest CAGR of 6.8% during the forecast period. The risk and hazard profile for any government organization depends on the nature of the work activities and the overall work environment. For instance, the hazards and risks for employees working in government offices and handling administration work differ from those for employees working in the enforcement and emergency services departments. Hazard identification and risk assessment processes help identify the relevant risks and draft a feasible action plan. A large section of workers in noncommercial state agencies and civil services work from offices and engage in administration activities. Hazards and risks in this environment must be identified while accounting for all the risks faced by employees, contractors, service users, and the public. People working in government offices also fall victim to bullying at work and workplace stress; moreover, manual material handling, fire, and falls severely harm their health. Employers from the government sector must follow the Workplace Health and Safety Management Guidance manual to avoid these hazards. The risk and hazard associated with the government sector fuel the growth of the occupational health market for this segment.  

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Regional Analysis:

North America dominates the global occupational health market. The North America occupational health market size was valued at US$ 1,997.85 million in 2022 and is projected to reach US$ 2,529.51 million by 2030; it is expected to grow at a CAGR of 3.0% during the forecast period. The North America occupational health market is segmented into the US, Canada, and Mexico. Increasing awareness about occupational health among people and a rising number of aging individuals in the workforce are the factors propelling the growth of the North America occupational health market. The US has a vast number of manufacturing companies. Most employers in the US focus on compliance with the Occupational Safety and Health Administration (OSHA) regulations. The work-induced stress causes ~120,000 deaths yearly, incurring US$ 190 billion in healthcare costs. NIOSH recommends that 30 million US workers are exposed to noise levels high enough to cause irreversible hearing loss. Also, the US Bureau of Labor Statistics reveals that more than 20,000 workplace-related hearing loss cases occur every year, resulting in permanent hearing loss among workers. A recent case-control study stated that the risk of occupational chronic obstructive pulmonary disorders (COPD) rises with increasing age (especially among people older than 65), number of cigarettes smoked, and duration of exposure. According to this report, the number of older adults aged 65 or above in the US would rise from ~46 million in 2022 to ~90 million by 2050.

Key Player Analysis:

The occupational health market analysis is based on the profiling of players such as Premise Health Holding Corp, Axa SA, Select Medical Holdings Corp, UL Solutions Inc, Cority Software Inc, Mobile Health Consumer Inc, Sapphire Health Solutions, Medigold Health Consultancy Ltd, Cope Occupational Health Services Ltd, and US Occmed Holdings LLC. Concentra Inc and Premise Health are ranked as the top two market players owing to their diversified product portfolios.

Recent Developments: 

Companies in the occupational health market highly adopt strategies such as mergers and acquisitions, and product launches. A few recent key market developments are listed below:

  • In March 2023, Mobile Health, a top supplier of occupational health solutions, launched Fit Kit, an all-in-one respirator fit testing kit, which is now accessible for online purchases through the e-commerce website of the company.
  • In March 2021, Concentra announced the acquisition of five medical centers from Centura Centers for Occupational Medicine (CCOM) in Colorado. Centura Health, CCOM's parent company, used Concentra as its work injury care provider for its employees as part of this acquisition. Additionally, work injury care, physical therapy, and other employer-related health services were made available at new Concentra Parker, Concentra Woodmen Road, and Concentra Outlook Boulevard sites.
  • In August 2021, Premise Health was recognized as a top private company and one of the fastest-growing organizations by the Nashville Business Journal (NBJ). Premise was named to the Top Private Companies list for the sixth year in a row, ranking seventh. Additionally, Premise made its debut on NBJ's Fast 50, which honors the top private companies in Nashville that have had exceptional levels of growth over the past three years based on revenue.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Offering, Category, Employee Type, Site Location, Type, and Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Who are the key players in the occupational health market?

Companies operating in the market are Premise Health Holding Corp, Axa SA, Select Medical Holdings Corp, UL Solutions Inc, Cority Software Inc, Mobile Health Consumer Inc, Sapphire Health Solutions, Medigold Health Consultancy Ltd, Cope Occupational Health Services Ltd, and US Occmed Holdings LLC.

What are the driving factors for the occupational health market across the globe?

Key factors driving the market growth are high focus on employer-sponsored medical health coverage and upsurge in adoption of workplace wellness program.

What is meant by the occupational health market?

Occupational health is an area of work in public health to promote and maintain physical, psychological, and social well- being of workers at the workplace. The ultimate aim of the occupational health is to prevent work related illness, stress, injuries to ensure safety at workplace. The knowledge and practice of occupational health involve several disciplines such as, ergonomics, psychology, hygiene, safety, and others. It focuses on the forestallment, assessment, treatment, and resolution of health conditions caused by the workplace terrain and reduces the burden of healthcare expenditure resulting in increased productivity. The manufacturing sector is a major market for the industry, so its degree of activity affects the industry's performance. Certain work environment leads to an exposure with harmful chemicals leading to serious disorders like cancers, asthma etc. Occupational medicine helps to prevent such disorders. Occupational safety and health (OSH), also known as occupational health and safety (OHS), deals with the safety, health, and welfare of people at occupation.

Which segment led the occupational health market?

Based on offerings, the occupational health market is segmented into product, solutions such as data management, and services. The market for the services segment is subsegmented into face to face, telephone or video, digital online platform or mails via client portal, and mobile screening units. The services segment held the largest market share in 2022 and is anticipated to register the highest CAGR during the forecast period.

Which employee type segment held the largest revenue (US$ Mn) in the occupational health market?

Based on employee type, the occupational health market is segmented into remote, hybrid, and physical presence. The remote segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR during the forecast period.

What is the regional market scenario of the occupational health market?

Global occupational health market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is likely to continue its dominance in the occupational health market during 2022–2030. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period.

The List of Companies - Occupational Health Market

  1. Premise Health Holding Corp
  2. Axa SA
  3. Select Medical Holdings Corp
  4. UL Solutions Inc
  5. Cority Software Inc
  6. Mobile Health Consumer Inc
  7. Sapphire Health Solutions
  8. Medigold Health Consultancy Ltd
  9. Cope Occupational Health Services Ltd
  10. US Occmed Holdings LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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