The global occupational health market size will be worth $5.45bn in this year, and is on a trajectory of rapid expansion, with projections indicating it will soar to $8.47bn by 2032.
That’s a according to analysis by Coherent Market Insights, which says by service type, the occupational health services segment is expected to account for 58% of the market share in 2025, equating to approximately $4.34 billion, driven by increasing employer investments in workplace health programmes.
Other key findings include:
- Based on mode of delivery, on-site health services will likely capture 35% of the market in 2025, amounting to around $2.62 billion, owing to rising demand for immediate workplace healthcare access.
- By industry vertical, the manufacturing sector is projected to dominate with a 40% market share in 2025, reaching nearly $2.99 billion, due to high workplace risk factors and stringent safety regulations.
- North America will maintain market dominance, accounting for 40% of the market share in 2025, or about $2.99 billion, supported by robust workplace health policies and corporate wellness programs.
- Asia Pacific is expected to witness the fastest growth during the forecast period, with a projected CAGR of 7.1%, driven by increasing awareness of occupational safety and government support for workplace health initiatives.
The report says a growing focus on employee welfare and occupational safety is a major contributor to the growth of the occupational health market. Due to the rise in chronic cases of diseases, workplace injuries, and mental health issues, organizations are adopting copious corporate health programs, wellness initiatives, and safety compliance policies at their workplaces.
The World Health Organization (WHO) claims that unsafe work environments lead to more than 2.78 million deaths per year. Henceforth, most businesses are engaging in various preventive measures such as health check-ups, ergonomically designed workspaces, and virtual healthcare appointments in an effort to decrease absenteeism and boost the productivity of employees.
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