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Occupational Medicines Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Occupational Medicines
The Business Research Company's Occupational Medicines Global Market Report 2023 identifies chronic diseases as the major driver for the Occupational Medicines market's growth in the forecast period. A chronic disease is a health issue or disease with long-lasting symptoms lasting for at least a year. It requires continuing medical care and restricts daily activities, or both.
Occupational medicine helps manage chronic diseases in the workplace, offering specialized medical care for problems related to the job and collaborating with employers, workers, regulators, insurers, the public health sector, and other occupational safety and health experts to make workplaces safer.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The occupational medicines market is expected to reach $6.26 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the Occupational Medicines market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, C-HCA Inc, Merck & Co. Inc.
A key trend in the Occupational Medicines market includes product innovations. 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.
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The Occupational Medicines market is segmented -
•By Application: Chemical Poisoning, Psychological Disorder, Non-Induced Hearing Loss And Vibration, Skin Disorder, Chronic Respiratory Disease, Pneumoconiosis, Musculoskeletal Disorder, Cancer, Other Applications
•By Industry: Agriculture And Forestry, Construction, Manufacturing, Petroleum And Mining, Transportation, Other Industries
•By End-User: Employers, Professionals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Occupational Medicines market.
The Business Research Company's "Global Occupational Medicines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Occupational Medicines Market Include:
1. Executive Summary
2. Occupational Medicines Market Characteristics
3. Occupational Medicines Market Size And Occupational Medicines Market Growth Rate
4. Occupational Medicines Market - Macro Economic Scenario
5. Global Occupational Medicines Market Drivers and Restraints
……
32. Global Occupational Medicines Market Competitive Benchmarking
33. Global Occupational Medicines Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Occupational Medicines Market
35. Occupational Medicines Market Future Outlook and Potential Analysis
36. Appendix
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