The US occupational health market size is expected to grow from US$ 1,187.93 million in 2022 to US$ 1,496.92 million by 2028; it is estimated to record a CAGR of 3.9% from 2022 to 2028.
The US occupational health market is segmented on the basis of offerings, category, employee type, site location, and type. The report offers insights and in-depth analysis of the market, emphasizing parameters such as dynamics, trends, and opportunities prevailing in the market. It also provides the competitive landscape analysis of leading market players in the US.
Market Insights
Accelerating Adoption of Workplace Wellness Programs Drives US Occupational Health Market Growth
As per the RAND report, over the past decade, the US has experienced an epidemic of occupational diseases. Work-induced stress, poor nutrition, high chemical exposure, among others, have resulted in chronic pulmonary conditions. Such illnesses add economic burden due to the loss of productivity caused by elevated absenteeism and reduced performance levels at work. Workplace wellness program provide advantage to employers’ access to employees at an age where involvement can change their long-term health trajectory. The Patient Protection and Affordable Care Act supports workplace wellness program is a trend with several provisions that promote health at the workplace.
Workplace wellness programs have been enthusiastically embraced as a potentially cost-effective way to promote health. For the employer, wellness programs can yield a happy, healthy workforce that sees decreased absenteeism, improved retention, and a thriving company culture. There is a positive connection between employee wellness and the performance of a business. As per the employer health benefits 2020 survey by KFF (Kaiser Family Foundation), most employers as of 2020 had wellness programs of some kind, including 53 percent of small firms (those with three to 200 employees) and 81 percent of large companies.
According to the RAND Employer Survey report for the US, 50% of employers in the US take wellness promotion initiatives, and larger employers have top-level wellness programs, which often include wellness screening activities, identifying health risks, and interventions reducing risks and promoting healthy lifestyles. 72% of the employers offering wellness programs in the US substantiate their programs with by combining screening activities and intervention support. The RAND Employer Survey data also states that employers direct their employees toward preventive intervention through workplace wellness programs, and 80% of employers offering wellness programs arrange screening programs for their employees for the primary identification of existing health risks. Thus, with growing adoption of these wellness programs, employers can maintain a better workplace with a focus on employee’s health.
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US Occupational Health Market: Strategic Insights
Market Size Value in US$ 1,187.93 million in 2022 Market Size Value by US$ 1,496.92 million by 2028 Growth rate CAGR of 3.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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US Occupational Health Market: Strategic Insights
| Market Size Value in | US$ 1,187.93 million in 2022 |
| Market Size Value by | US$ 1,496.92 million by 2028 |
| Growth rate | CAGR of 3.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Offerings-Based Insights
Based on offerings, the US occupational health market is segmented into products, solutions, and services. In 2022, the services segment held the largest share of the market, and it is anticipated to register the highest CAGR during the forecast period.
US Occupational Health Market, by Offerings – 2022–2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Category-Based Insights
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Based on category, the US occupational health market is divided into safety, chemicals, biological, physical and environment, ergonomic, vaccination and immunizations, and others. In 2022, the physical and environment segment held the largest share of the market. However, the ergonomic segment is anticipated to register the highest CAGR during the forecast period.
Employee Type-Based Insights
Based on employee type, the US occupational health market is segmented into remote, physical presence, and hybrid. The remote segment held the largest share of the market in 2022, and it is expected to record the highest CAGR during the forecast period.
Site Location-Based Insights
Based on site location, the US occupational health market is divided into on-site, off-site, and shared-site. In 2022, the off-site segment held the largest share of the market, and it is anticipated to register the highest CAGR during the forecast period.
Type-Based Insights
Based on type, the US occupational health market is bifurcated into physical wellbeing and social and mental wellbeing. The physical wellbeing segment held a larger share of the market in 2022. However, the social and mental wellbeing segment is anticipated to register a higher CAGR during the forecast period.
The US occupational health market players adopt organic strategies, such as product launch and expansion, to expand their footprint and product portfolio and meet growing demands. Inorganic growth strategies witnessed in the market are partnerships and collaborations. These growth strategies have allowed the market players to expand their businesses and enhance their geographic presence. Additionally, acquisitions, partnerships, and other growth strategies help them strengthen their customer base.
- In February 2023, Occucare, a US-based healthcare company specializing in occupational health services, expanded into Saudi Arabia. The company partnered with Saudi-based Saudi Drilling to provide a range of occupational health services to companies and individuals in the Kingdom. The company plans to establish occupational medical services throughout the country, offering services such as pre-employment exams, drug and alcohol testing, and workplace injury care.
- In January 2022, Examinetics and 3M announced that Examinetics became a 3M Preferred Fit Test Service Provider in the US. 3M and Examinetics are working together to emphasize the importance of respirator fit and to help increase the availability of high-quality fit testing for 3M’s occupational respirator customers. Together, 3M and Examinetics are helping US employers and workers improve workplace safety by ensuring that respirators are worn correctly, and that respirator fit testing is performed correctly.
Company Profiles
- Premise Health Holding Corp
- Occucare International LLC
- Examinetics Inc
- Concentra Inc
- Ascension Health Alliance
- Adventist Health System Sunbelt Healthcare Corp
- WorkCare Inc
- e3 Diagnostics Inc
- Icahn School of Medicine at Mount Sinai
- Workwell Occupational Medicine LLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offerings, Category, Employee Type, Site Location, and Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
United States
Frequently Asked Questions
Occupational health is an area of work in public health to promote and maintain the loftiest degree of physical, psychological, and social well- being of workers in all occupations. 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 performing in increased productivity.
The hearing loss due to noise segment held the largest revenue share of 30.46% in 2021
The occupational health market majorly consists of the players such as Premise Health, Concentra, Inc., NOHS Medical Centre, Holzer Health System, MBI Industrial Medicine Inc., Occucare International and Examinetics among others.
As per type, the disorders caused due to chemicals and vibrations segment is accounted to grow at the CAGR of over 4% during the forecast period.
The List of Companies - US Occupational Health Market
- Premise Health Holding Corp
- Occucare International LLC
- Examinetics Inc
- Concentra Inc
- Ascension Health Alliance
- Adventist Health System Sunbelt Healthcare Corp
- WorkCare Inc
- e3 Diagnostics Inc
- Icahn School of Medicine at Mount Sinai
- Workwell Occupational Medicine LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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