Occupational Medicines Market Report 2024: Size, Share, Growth, Trends, Forecast 2033

"The new report published by The Business Research Company, titled Occupational Medicines Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the occupational medicines market size has grown strongly in recent years. It will grow from $4.86 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The occupational medicines market size is expected to see strong growth in the next few years. It will grow to $6.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.

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The Growing Impact Of Chronic Diseases On The Working Population
The increasing prevalence of chronic diseases among the working population is expected to propel the growth of the occupational medicines market going forward. 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. For instance, in January 2023, according to the National Institutes of Health (NIH), a US government agency that conducts and supports biomedical and health-related research , the study projects a substantial rise in the prevalence of chronic diseases among the working-age population in the United States, with an estimated 99.5% increase in adults aged 50 years and older with at least one chronic disease from 2020 to 2035. Additionally, the prevalence of multimorbidity is expected to surge by 110.5% from 2020 to 2050, highlighting the growing health challenges faced by the working population. Therefore, the increasing prevalence of chronic diseases among the working population is driving the growth of the occupational medicines market.

Emerging Trends In Occupational Medicine Market
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.

The occupational medicines market covered in this report 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

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Major companies operating in the occupational medicines market report 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, Nestl S.A. (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 Occupational Medicine LLC.

Contents of the report:
1. Executive Summary
2. Occupational Medicines Market Report Structure
3. Occupational Medicines Market Trends And Strategies
4. Occupational Medicines Market - Macro Economic Scenario
5. Occupational Medicines Market Size And Growth
…..
27. Occupational Medicines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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