Understand How The Occupational Medicines Market Is Poised To Grow Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Occupational Medicines Global Market Report 2023, the occupational medicines market is expected to show significant growth in the forecast period.
Key insights from the occupational medicines market forecast include:
- Market Size
The global occupational medicines market is expected to grow from $4.52 billion in 2022 to $4.86 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The occupational medicines market is expected to reach $6.26 billion in 2027 at a CAGR of 6.5%.
- Major Driver
The increasing prevalence of chronic diseases among the working population is expected to propel the growth of the occupational medicines market going forward. For instance, in November 2021, according to the Bureau of Labor Statistics, a US-based intergovernmental organization, the number of respiratory disease cases reported by employers increased by around 4,000%, from 10,800 in 2019 to 428,700 in 2020. The rate of respiratory illness grew from 1.1 cases per 10,000 full-time equivalent workers in 2019 to 44.0 cases per 10,000 full-time equivalent workers in 2020. Therefore, the increasing prevalence of chronic diseases among the working population is driving the growth of the occupational medicines market.
View More On The Occupational Medicines Market Report 2023 – https://www.thebusinessresearchcompany.com/report/occupational-medicines-global-market-report
- Key Trend
Product innovations are a key trend gaining popularity in the occupational medicine market. Major companies operating in the occupational medicine market are concentrating on creating innovative products and solutions to sustain their position in the market. For instance, in May 2023, TELUS Health, a Canada-based provider of health technology services, launched Total Mental Health, an innovative solution for employees to monitor their mental health through assessments and counseling. This solution, available to employees through their employer’s health plans, uses TELUS Health’s cutting-edge technology to provide a single app for mental health support across Canada’s network of counselors. It also includes various welfare components, such as legal assistance, dietary advice, child and elder care options, and financial counseling, that assist employees in resolving personal or professional challenges.
- Largest Region
North America was the largest region in the occupational medicines market in 2022.
- Major Players
Major players in the occupational medicines market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, C-HCA Inc, Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Eli Lilly and Company, Amgen Inc., GlaxoSmithKline PLC, Sanofi SA, Galderma S.A., Summit Occupational Medicine, Concentra Inc., Premise Health, CareSpot Express Healthcare, Nova Medical, MedExpress, NextCare Holdings Inc., Holzer Health System, WorkCare Inc., HealthWorks Medical LLC, eScreen, Proactive Occupational Medicine Inc., Marathon Health, Healthcare Success LLC, Occucare International, Workwell and Occupational Medicine LLC.
Request A Sample Of The Global Occupational Medicines Market Report 2023:
Key Occupational Medicines Market Segments
The global occupational medicines market is segmented –
1) By Application: Chemical Poisoning, Psychological Disorder, Non-Induced Hearing Loss And Vibration, Skin Disorder, Chronic Respiratory Disease, Pneumoconiosis, Musculoskeletal Disorder, Cancer, Other Applications
2) By Industry: Agriculture And Forestry, Construction, Manufacturing, Petroleum And Mining, Transportation, Other Industries
3) By End-User: Employers, Professionals
The Occupational Medicines Global Market Report 2023 provides an in-depth analysis on the occupational medicines market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the occupational medicines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model