The Business Research Company’s Occupational Medicines Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Occupational Medicines Global Market Report 2023 evaluates occupational medicines market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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%.
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 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.
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The occupational medicines market segments in the report are:
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 table of contents in TBRC’s occupational medicines market report includes:
1. Executive Summary
2. Occupational Medicines Market Characteristics
3. Occupational Medicines Market Trends And Strategies
4. Occupational Medicines Market – Macro Economic Scenario
5. Occupational Medicines Market Segmentation
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26. South America Occupational Medicines Market
27. Brazil Occupational Medicines Market
28. Middle East Occupational Medicines Market
29. Africa Occupational Medicines Market
30. Occupational Medicines Market Competitive Landscape And Company Profiles
Top Major Players:
- Pfizer Inc
- Johnson & Johnson
- F. Hoffmann-La Roche Ltd
- C-HCA Inc
- Merck & Co. Inc
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