US Occupational Health Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Work-Induced Stress, Asbestosis, Hearing Loss due to Noise, and Disorders Caused due to Chemicals and Vibrations)

Code: TIPRE00026521 | Pages: 85 | Industry: Healthcare IT | Date: Jan 2022
Covid

The US occupational health market is projected to reach US$ 1,496.92 million by 2028 from US$ 1,161.60 million in 2021; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028.

 

Occupational safety and health (OSH), also generally appertained to as occupational health and safety (OHS), occupational health, or occupational safety, is a multidisciplinary field that deals with the safety, health, and welfare of people at occupation. The aim of an occupational safety and health plan is to foster a safe and healthy occupational environment. OSH also protects all the general public who may be affected by the occupational environment.

 

Market Insights

High Focus on Employer-Sponsored Medical Health Coverage

Employer-provided insurance acts as a cornerstone of the US healthcare system, covering almost 150 million Americans, thus, resulting in innovation and ultimate improvement of overall healthcare at workplaces. 14% of US-based large companies offer telehealth services to their employees; moreover, 96% of large firms are offering these services to their employees. Also, 50% of top firms offer tele-behavioral health consultations for mental health care, accounting for a 50% increase compared to previous years. On the other hand, the Health Opportunities for People Everywhere (HOPE) project report highlights that job-based coverage is pivotal to the US healthcare system, and it is the most common source of coverage, offering insurance to more than 150 million Americans. Curbing excessive prices of job-based insurance will result in higher wages and job growth, lower premiums, and cost-sharing for families, reducing the burden on taxpayers. This factor is further contributing to the increase in access to more affordable healthcare in the US.

 

Type-Based Insights

Based on the type, the market is segmented into work induced stress, asbestosis, hearing loss due to noise, and disorders caused due to chemicals and vibrations. Hearing loss due to noise segment held the largest market share in 2021.

 

US Occupational Health Market, by Type – 2021 and 2028

US Occupational Health Market, by Type – 2021 and 2028

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Strategic Insights

The US occupational health market players adopt organic strategies such as product launch and geographical expansion to expand their footprint and product offering in the domestic market and meet the growing demand.

 

The US occupational health market has been segmented as follows:

The US occupational health market is segmented on the basis of type such as induced stress, asbestosis, hearing loss due to noise, disorders caused due to chemicals and vibrations.  

 

Company Profiles

  • Premise Health
  • Concentra, Inc.
  • NOHS Medical Centre
  • Holzer Health System
  • MBI Industrial Medicine Inc.
  • Occucare International
  • Examinetics

TOC MISSING

The List of Companies - US occupational health market

  1. Premise Health
  2. Concentra, Inc.
  3. NOHS Medical Centre
  4. Holzer Health System
  5. MBI Industrial Medicine Inc.
  6. Occucare International
  7. Examinetics
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US occupational health market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the US occupational health market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging market zones.
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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FAQ

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.

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