Occupational Health Is Estimated To Witness High Growth Owing To Increasing Number Of Occupational Diseases
SWOT Analysis
Strength: Occupational health market has strong growth prospects due to growing safety concerns in various industries. Stringent government regulations regarding safety and health are compelling companies to adopt occupational health services. Advancements in digital health solutions are improving the quality of occupational health services.
Weakness: High costs associated with occupational health programs hamper their widespread adoption. Lack of skilled professionals is another challenge for players in this market.
Opportunity: Growing need to curb rising healthcare costs provids opportunities for players to offer cost-effective occupational health solutions. Adoption of telehealth and remote monitoring expands market reach into rural and remote areas.
Threats: Economic slowdowns reduce spend on optional health services by companies. Changing employment policies and trends pose threats to sustained demand.
Key Takeaways
Global Occupational Health Market Size is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing focus on safety measures and preventive healthcare by organizations globally. North America is expected to dominate the market during the forecast period owing to stringent regulatory frameworks and growing healthcare expenditure in the region.
Regional analysis
North America is expected to account for over 35% of the global occupational health market share by 2030. This is attributed to growing focus on employee health and wellbeing along with presence of major players in the region. Asia Pacific exhibits lucrative opportunities with a growing number of companies complying with occupational health standards in the region.
Key players
Key players operating in the occupational health market are Cerner Corporation, Epic Systems Corporation, GE Healthcare, Siemens Healthineers, Drchrono, Kareo, AdvancedMD, athenahealth, eClinicalWorks, Allscripts Healthcare Solutions. Cerner Corporation and Epic Systems Corporation dominate the market with their comprehensive occupational health management solutions.
English
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian