At 3.3% CAGR, Europe Occupational Health Market is Projected to be Worth US$ 2,284.05 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe occupational health market was valued at US$ 1,761.81 in 2022 and is expected to reach US$ 2,284.05 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Implementation of workplace health models and high focus on employer-sponsored medical health coverage are among the critical factors attributed to the Europe occupational health market expansion.

According to the CDC, workplace health models are important for promoting physically & mentally healthy and protected work culture and rolling out disease prevention programs. The effective implementation of workplace health models reduces health risks by improving workers' quality of life. Also, maintaining a healthier workforce lowers direct costs such as amounts spent on insurance coverage and compensation claims. In Europe, the European Network for Workplace Health Promotion runs the Workplace Health Model. As a result, 72% of employers have been implementing workplace health programs focusing on physical activity, nutrition, and stress reduction. A full-time worker works 37.1 hours a week in the European Union. According to statistics, employees in Belgium worked an average of 39.1 hours per week, compared to 52.8 hours for self-employed people. Thus, full-time workers spend a considerable time at their workplaces. Hence, there is a need for workplace health models to reach different population classes that are not involved in public health promotion programs, campaigns, and messages.

On the contrary, health-associated risks at workplaces hampers the growth of Europe occupational health market.

Based on offering, the Europe occupational health market is segmented into services, solutions, and product. The services segment held 80.9% share of the Europe occupational health market in 2022, amassing US$ 1,424.73 million. It is projected to garner US$ 1,872.67 million by 2030 to expand at 3.5% 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 Europe occupational health market is segmented into physical and environmental, chemicals, vaccination and immunization, safety, ergonomic, biological, and others. The physical and environmental segment held 33.5% share of the Europe occupational health market in 2022, amassing US$ 589.56 million. It is projected to garner US$ 731.38 million by 2030 to expand at 2.7% 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 Europe occupational health market is segmented into remote, hybrid, and physical presence. The remote segment held 47.0% share of the Europe occupational health market in 2022, amassing US$ 828.01 million. It is projected to garner US$ 1,095.41 million by 2030 to expand at 3.6% CAGR during 2022–2030.

By site location, the Europe occupational health market is segmented into off-site, on-site, and shared-site. The off-site segment held 48.6% share of the Europe occupational health market in 2022, amassing US$ 855.46 million. It is projected to garner US$ 1,154.78 million by 2030 to expand at 3.8% CAGR during 2022–2030.

By industries, the Europe 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 39.8% share of the Europe occupational health market in 2022, amassing US$ 700.50 million. It is projected to garner US$ 904.49 million by 2030 to expand at 3.2% CAGR during 2022–2030.

By type, the Europe occupational health market is bifurcated into physical wellbeing and social & mental wellbeing. The physical wellbeing segment held 72.0% share of the Europe occupational health market in 2022, amassing US$ 1,268.58 million. It is projected to garner US$ 1,598.87 million by 2030 to expand at 2.9% CAGR during 2022–2030.

Based on country, the Europe occupational health market is segmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany held 29.5% share of Europe occupational health market in 2022, amassing US$ 518.85 million. It is projected to garner US$ 652.55 million by 2030 to expand at 2.9% CAGR during 2022–2030.

Key players operating in the Europe occupational health market are Axa SA, Cope Occupational Health Services Ltd, Cority Software Inc, Medigold Health Consultancy, and UL Solutions Inc, among others.

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