Report : North America Occupational Health Market Forecast to 2030 - Regional 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 Industries [Automobile, Chemical, Engineering, Government (including Federal), Manufacturing, Mining, Oil & Gas, Pharmaceutical, Ports, and Others]
At 3.0% CAGR, North America Occupational Health Market is Speculated to be Worth US$ 2,529.51 Million by 2030, Says Business Market Insights
According to Business Market Insights' research, the North America occupational health market was valued at US$ 1,997.85 in 2022 and is expected to reach US$ 2,529.51 million by 2030, registering a CAGR of 3.0% from 2022 to 2030. Upsurge in adoption of workplace wellness programs and high focus on employer-sponsored medical health coverage are among the critical factors attributed to the North America occupational health market expansion.
Work-induced stress, poor nutrition, and high chemical exposure, among others, have resulted in chronic pulmonary conditions in the workforce. Such illnesses add economic burden due to the loss of productivity caused by high absenteeism and lower efficiency. Workplace wellness programs provide an advantage to employers’ access to employees at an age where their active involvement can change their long-term health trajectory. The Patient Protection and Affordable Care Act supports workplace wellness programs with several provisions promoting employee health at workplaces.
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 with decreased absenteeism, improved retention, and a thriving company culture. Moreover, the performance of any business is directly proportional to the wellness of its employees. As per the employer health benefits 2020 survey by KFF (Kaiser Family Foundation), most employers, including 53% of small firms (those with 3–200 employees) and 81% of large companies, had wellness programs as of 2020.
According to a RAND Employer Survey report for the US, 50% of employers in the US take initiatives to promote wellness, and larger employers implement top-level wellness programs, which often include health screening regimens, health risk identification plans, and interventions reducing risks and promoting healthy lifestyles. The RAND Employer Survey data also states that employers advise employees about preventive intervention through workplace wellness programs, and 80% of employers offering wellness programs arrange screening programs for their employees to identify existing health risks. Thus, with the growing adoption of these wellness programs, employers can maintain better conditions in the workplace, supporting employee health.
On the contrary, health-associated risks at workplaces hampers the growth of North America occupational health market.
Based on offering, the North America occupational health market is segmented into services, solutions, and product. The services segment held 79.6% share of the North America occupational health market in 2022, amassing US$ 1,590.99 million. It is projected to garner US$ 2,043.72 million by 2030 to expand at 3.2% CAGR during 2022–2030. The services segment is further sub segmented into face to face, telephone or video, digital online platform/mails via client portal, and mobile screening units.
By category, the North America occupational health market is segmented into physical and environmental, chemicals, vaccination and immunization, safety, ergonomic, biological, and others. The physical and environmental segment held 34.9% share of the North America occupational health market in 2022, amassing US$ 697.60 million. It is projected to garner US$ 846.77 million by 2030 to expand at 2.5% CAGR during 2022–2030. The physical and environmental segment is sub segmented into loud noise and hearing testing, prolonged exposure to sunlight, extreme temperatures, pulmonary function testing, radiation, respirator fit testing, tuberculosis skin and quantiferon testing, vibration and shocks, and others. The chemicals segment is sub segmented into environmental smoke and asbestosis, pesticides, carbon monoxide, flammable liquids, acids, cleaning products, and others. The vaccination and immunizations segment is sub segmented into influenza (seasonal), hepatitis A and B, varicella (chicken pox), MMR (Measles/Mumps/Rubella), TDAP (Tetnus/Diptheria/Pertussis), and others. The ergonomic segment is sub segmented into work organization hazards, drug and alcohol, sexual harassment, workplace violence, discrimination, lack of respect, and others. The safety segment is sub segmented into slips on floor, heights and stairs, machinery with moving parts, confined spaces, steep stairs, and others. The biological segment is sub segmented into blood, fungi and mold, viruses, insect bites, animal droppings, and others.
By employee type, the North America occupational health market is segmented into remote, hybrid, and physical presence. The remote segment held 46.0% share of the North America occupational health market in 2022, amassing US$ 919.58 million. It is projected to garner US$ 1,188.60 million by 2030 to expand at 3.3% CAGR during 2022–2030.
By site location, the North America occupational health market is segmented into off-site, on-site, and shared-site. The off-site segment held 46.5% share of the North America occupational health market in 2022, amassing US$ 929.71 million. It is projected to garner US$ 1,227.78 million by 2030 to expand at 3.5% CAGR during 2022–2030.
By industries, the North America occupational health market is segmented into automobile, chemical, engineering, government (including federal), manufacturing, mining, oil & gas, pharmaceutical, ports, and others. The government (including federal) segment held 46.5% share of the North America occupational health market in 2022, amassing US$ 797.58 million. It is projected to garner US$ 1,005.78 million by 2030 to expand at 2.9% CAGR during 2022–2030.
By type, the North America occupational health market is bifurcated into physical wellbeing and social & mental wellbeing. The physical wellbeing segment held 74.0% share of the North America occupational health market in 2022, amassing US$ 1,478.89 million. It is projected to garner US$ 1,821.80 million by 2030 to expand at 2.6% CAGR during 2022–2030.
Based on country, the North America occupational health market is segmented into the US, Canada, and Mexico. The US held 74.9% share of North America occupational health market in 2022, amassing US$ 1,495.79 million. It is projected to garner US$ 1,869.56 million by 2030 to expand at 2.8% CAGR during 2022–2030.
Key players operating in the North America occupational health market are Premise Health Holding Corp, Axa SA, Select Medical Holdings Corp, UL Solutions Inc, Cority Software Inc, Mobile Health Management Services Inc, and US Occmed Holdings LLC, among others.
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