Report : Middle East & Africa Occupational Health Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Work Induced Stress, Asbestosis, Hearing Loss Due to Noise, Disorders Caused Due to Chemicals and Vibrations, and Others)
At 2.1% CAGR, the MEA Occupational Health Market is speculated to be worth US$ 243.52 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the MEA occupational health market was valued at US$ 210.78 million in 2021 and is expected to reach US$ 243.52 million by 2028, registering an annual growth rate of 2.1% from 2021 to 2028. Favorable regulatory environment toward occupational health and rising number of diseases and disorders associated with occupational healthcare the critical factors attributed to the market expansion.
Several agencies, associations, and societies are working to eliminate and control the safety issues and hazards in the work environment to safeguard employee life. Considering the emerging regional occupational health requirements, the governments of several countries have strict laws and policies. The regulatory policies imposed by the government encourage the key players to develop innovative safety tools. Thus, these initiatives fuel the growth of the occupational health market across the region. The adoption of workplace wellness programs is accelerating due to the respective government policies. These programs provide an advantage to employees at an age where wellness programs can change their long-term health trajectory. The Patient Protection and Affordable Care Act supports workplace wellness programs with several provisions that promote health at the workplace. These programs often consist of wellness screening activities, health risks identification, and interventions reducing risks promoting healthy lifestyles. 72% of the employers offering wellness programs substantiate their programs by combining screening activities and intervention support. The rising adoption of workplace wellness programs help key players nourish the occupational health market with effective and long-term services. The regulatory-compliant companies are all-time customers of the market, propelling the market growth.
On the contrary, lack of skilled professionals and inaccessibility of trade secret hurdles the growth of MEA occupational health market. Based on type, the MEA occupational health market is segmented into work-induced stress, asbestosis, hearing loss due to noise, disorders caused due to chemicals and vibrations, and others. The hearing loss due to noise segment held 28.4% market share in 2021, amassing US$ 59.76 million. It is projected to garner US$ 70.13 million by 2028 to expand at 2.3% CAGR during 2021–2028.
Based on country, the MEA occupational health market is segmented into the Saudi Arabia, South Africa, UAE, and Rest of MEA. Our regional analysis states that the Saudi Arabia captured 46.1% market share in 2021. It was assessed at US$ 97.20 million in 2021 and is likely to hit US$ 110.96 million by 2028, exhibiting a CAGR of 1.9% during the forecast period.
Key players dominating the MEA occupational health market are Amgen Inc.; Johnson and Johnson Services, Inc; Novartis AG; and Occucare International among others.
- In Aug 2021, Johnson & Johnson Pvt. Ltd. was recognized as a Best Employer in India, as part of the Kincentric Best Employers global certification, a program that measures and recognizes leading employers who capture the full power of their people to drive results and create sustainable competitive advantage. The Kincentric Best Employers certification compares organizations to identify those that strive to continuously inspire their people, spark change and accelerate business success.
- In June 2020, Johnson & Johnson offers a suite of resources under its Healthy Workforce umbrella. The program creates space for people to explore any discrepancies between who they are at their best and what may be getting in the way of that at different times. The program is an intersection of customer priorities and J&J’s competencies.
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