Rising Prevalence of Workplace Injuries Drives Occupational Health Market Size from US$ 4.81 Bn in 2023.
Occupational Health Market Key Takeaways
• In terms of Service type, Healthcare service segment is expected to hold largest share in the global market during the forecast period. Growth is driven by rising integration of wellness programs to increasing productivity.
• By the Site Location segment, the on-site segment is expected to contribute the largest share during the forecast period.
• On the basis of the End-User division, large-scale enterprise is poised to hold a dominating position during the projected period.
• Coherent Market Insights forecasts that North America is accounted for 40% market share in 2023. Growth is being attributed by rising prevalence of chronic disease, stringent government policies, and well-developed infrastructure.
• As per Coherent Market Insights, Europe is accounted for 25% share in the global market in 2023. Rising embrace of corporate health responsibility by companies and stringent policies by government regarding workplace safety drives growth.
• Asia Pacific is poised to take third position and accounted around 6% shares in the global market in 2023. Growing accident rate and burgeoning manufacturing sector will drive demand in APAC region.
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Driving Growth with the Adoption of Occupational health and Prioritizing mental well-being
A new report by Coherent Market Insights outlines occupational health market trends. Rising adoption of occupational health services with workplace health promotion will drive demand. Moreover, companies are providing importance to mental health and employee well-being at the workplace which fuels market demand. To address employees’ well-being companies are introducing meditation rooms, pet therapy, flexible working options, and support groups.
Budget constraint and Lack of Qualified Personnel
high budget is required to implement occupational health services across various large, medium, and small enterprises. A significant amount of investment is required to avail of customized corporate health programs that small-scale companies can’t afford. Additionally, a lack of qualified and trained professionals will also hinder growth. Companies are hiring temporary staff rather than dedicated occupational health practitioners.
Opportunities for Growth
Widespread adoption of advanced technologies will lead to unlocking various opportunities for growth in the global market. Advancement in technology and its implementation will lead to boosted productivity and safeguarding workers’ well-being. With the use of virtual treatment, on-site clinicians will consult with remote specialists for complex treatments. Additionally, the introduction of the total worker’s health program by the National Institute for Occupational Safety and Health provides converged occupational safety and health by promoting general wellness.
Emerging Market Trends
• The increasing demand for reliable and secure safety system is poised to drive demand in the global functional safety market. According to Coherent Market Insights (CMI), the global functional safety market was valued at approximately US$ 4,639.2 billion in 2021 and is projected to exhibit a CAGR of 11.5% from 2022 to 2030.
• The global electrical safety management market is experiencing growth, driven by growing importance of electrical safety regulation and rising need for safe work environment. Coherent Market Insights projects the global electrical safety management market to exhibit a CAGR of 7.0% over the forecast period, increasing from US$ 3.98 Bn in 2025 to US$ 6.38 Bn by 2032.
Analyst’s View
“The global occupational health market is poised for notable growth, owing to rising awareness of employee well-being and work-life balance. Major companies are now releasing that productivity is influenced by the physical and mental health of the employees. These companies are taking care of employee health by implementing various occupational health programs and services. Companies are also ensuring that the basic needs are easily accessible to the employee without disturbing their work.” said senior analyst Vipul Patil. “Lack of awareness regarding the need for workplace health is hindering market growth.”
Competitor Insights
Key companies in this market include:
– Cerner Corporation
– Kareo
– AdvancedMD
– Athenahealth
– Optum, Inc.
– Integrity Health
– Holistic HealthWorks
– Premise Health
– UL Solution Inc.
– Mobile Health Consumer Inc.
– Sapphire Health Solutions
– COPE Occupational Health Service Ltd
Key Development
• In January 2025, Concentra Group Holdings Parent, Inc. released its preliminary unaudited results for the fourth quarter and full year by the end of December 31, 2024.
• In March 2024, Occupational Health and Safety announced that the company won the fourth annual Industrial Hygiene Award.
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