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]

  • Report Code : TIPRE00018114
  • Category : Healthcare IT
  • Status : Published
  • No. of Pages : 368
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Occupational Health Market Size Report | Growth Overview 2030

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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

  • CAGR (2022 - 2030)
    3.4%
  • Market Size 2022
    US$ 4.57 Billion
  • Market Size 2030
    US$ 5.94 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • 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

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Offering
  • Product
  • Solution
  • Service
Category
  • Safety
  • Chemicals
  • Biological
  • Physical & Environmental
  • Ergonomics
  • Vaccination & immunizations
  • Others
Employee Type
  • Remote
  • Hybrid
  • Physical Presence
Site Location
  • On-Site
  • Off-Site
  • Shared-Site
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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:

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.  

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.

Occupational Health Market Report Scope

Report Attribute Details
Market size in 2022 US$ 4.57 Billion
Market Size by 2030 US$ 5.94 Billion
Global CAGR (2022 - 2030) 3.4%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Offering
  • Product
  • Solution
  • Service
By Category
  • Safety
  • Chemicals
  • Biological
  • Physical & Environmental
  • Ergonomics
  • Vaccination & immunizations
  • Others
By Employee Type
  • Remote
  • Hybrid
  • Physical Presence
By Site Location
  • On-Site
  • Off-Site
  • Shared-Site
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    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 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.

    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 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.

    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

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