South & Central America Occupational Health Market Forecast to 2030 - Regional Analysis - by Offering, Category, Employee Type, Site Location, Type, and Industry

List of Tables

The South & Central America occupational health market is expected to grow from US$ 180.34 million in 2022 to US$ 244.27 million by 2030. It is estimated to grow at a CAGR of 3.9% from 2022 to 2030.

Increased Awareness of Occupational Hazards and Empowerment of Workers to Help Manage Health Risks Fuels South & Central America Occupational Health Market

According to BMC Public Health in 2021, there has been considerable reduction in the incidence of work-related accidents/ill-health across Brazil owing to increased awareness and steps taken by government organizations. For instance, occupational hazard reductions were found associated with the musculoskeletal system and connective tissue and diseases of the nervous system. The highest reduction after the introduction of the Accident Prevention Factor was in manufacturing and production sectors in Brazil. As of November 2022, the organizations must register the Specialised Services in Occupational Health and Safety (SESMT) with the Brazilian Ministry of Labor and Social Security. Also, as of January 2023, the SESMTs in operation must be resized according to the new standard, and the registration must be completed. Before performing the procedure, the user must be linked to the CNPJ of the respective organization, according to the guidelines. Such revised policies are likely to create opportunities for the overall country. Risk based occupational safety and health (OSH) management contributes to women's empowerment and gender equality that benefits both business organizations and workers. Also, via effective social dialogue workers, government, and employers actively participate in OSH decision making processes and laws. Such factors might help to propel the market growth of overall South & Central America region during the forecast period.

South & Central America Occupational Health Market Overview

The South & Central America occupational health market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market is likely to propel during the forecast period owing to the growing advancements in occupational infrastructure that directly impacts the economy of Brazil to a large extent. The cost-saving advantages and improved work efficiencies are also cited as major factors for occupational health service providers to establish bases in South & Central America.

In Brazil, workplace accidents are significantly underreported. Approximately half of the workers and firms are informal and are not registered with the government for social security benefits, and even fewer are eligible for compensation for injuries. Only formal employers are eligible to report workplace accidents to the social security system. Thus, the government of Brazil is actively working on improving public policies and social practices. For instance, Health and Safety at Work Act in Brazil reflects an impressive collaboration among ministries and experts to reflect on safety and health problems and to map out strategies to address them. With the new government surveillance plans, there was an overall reduction in the incidence of work-related accidents/ill health in a study published in 2021 by BMC Public Health. The biggest reduction in the incidence of work-related accidents/ill health was found in manufacturing and production companies. Also, the registration of specialized services for health and safety at work has become mandatory according to the published MTP regulation No. 2318 as of August 3, 2022, and the organizations must register the Specialized Services in Occupational Health and Safety (SESMT) at the Brazilian Ministry of Labor and Social Register Security. Furthermore, the Brazilian government implemented eSocial to manage and monitor business processes related to payroll, taxes, employee and employer data, and health and safety issues on a single platform. Therefore, the above-mentioned factors indicate the continuous efforts by the Brazilian government to improve the occupational health services, which is expected to boost the market growth gradually in the coming years.

Argentina has a vital role to play in the occupational health field. With the growing labor force participation rate of ~47.60% in the fourth quarter of 2022, according to Trading Economics, the country is further expected to witness development in the private and public sectors. In 2021, according to The International Labour Organization, the employment-population ratio of 55.1% indicated that half of the population in Argentina is working, and hence needs occupational health services. Argentina is further strengthening its human resources with highly skilled professionals across all the industries. Moreover, Argentina offers high-quality health services and was the first country in South America to formally adopt the ILO guidelines on occupational safety and health management. Thus, the country is expected to provide significant growth opportunities for the South & Central America occupational health market.

A few of the major countries contributing to the South & Central America occupational health market growth in the Rest of South & Central America include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. These countries offer significant growth opportunities for the market growth owing to the ongoing developments in the countries. These countries are improving their occupational infrastructure, thereby allowing new market players to enter into business, which is expected to increase the demand for occupational health in the coming years. In addition, many countries in the region are investing and taking interest in improving the occupational health services by focusing on preventive and advanced care for the employees. Thus, the South & Central America occupational health market is expected to experience significant growth opportunities in the Rest of South & Central America.

South & Central America Occupational Health Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Occupational Health Market Segmentation

The South & Central America occupational health market is segmented into offerings, category, employee type, site location, type, industry, and country.

Based on offerings, the South & Central America occupational health market is segmented into products, solutions, and services. The services segment held the largest share of the South & Central America occupational health market in 2022.

Based on category, the South & Central America occupational health market is segmented into safety, chemicals, biological, physical & environment, ergonomic, vaccination & immunizations, and others. The physical & environment segment held the largest share of the South & Central America occupational health market in 2022.

Based on employee type, the South & Central America occupational health market is segmented into remote, hybrid, and physical presence. The remote segment held the largest share of the South & Central America occupational health market in 2022.

Based on site location, the South & Central America occupational health market is segmented into on-site, off-site, and shared-site. The off-site segment held the largest share of the South & Central America occupational health market in 2022.

Based on type, the South & Central America occupational health market is segmented into physical wellbeing and social & mental wellbeing. The physical wellbeing segment held a larger share of the South & Central America occupational health market in 2022.

Based on industry, the South & Central America occupational health market is segmented into automobile, chemical, engineering, government (including federal), manufacturing, mining, oil & gas, pharmaceutical, ports, others. The government segment held the largest share of the South & Central America occupational health market in 2022.

Based on country, the South & Central America occupational health market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America occupational health market in 2022.

Axa SA, Nexo CS, SGS Societe Generale de Surveillance SA, and UL Solutions Inc are some of the leading companies operating in the South & Central America occupational health market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Occupational Health Market.
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The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Occupational Health Market, thereby allowing players across the value chain to develop effective long-term strategies.
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Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Product Code: BMIRE00029080

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 South & Central America Occupational Health Market - By Offerings
- 1.3.2 South & Central America Occupational Health Market - By Category
- 1.3.3 South & Central America Occupational Health Market - By Employee Type
- 1.3.4 South & Central America Occupational Health Market - By Site Location
- 1.3.5 South & Central America Occupational Health Market - By Type
- 1.3.6 South & Central America Occupational Health Market - By Industry
- 1.3.7 South & Central America Occupational Health Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Occupational Health Market - Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 South And Central America PEST Analysis
4.3 Experts Opinion

5. South & Central America Occupational Health Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Government Initiatives to Promote Occupational Health
- 5.1.2 Upsurge in Adoption of Workplace Wellness Programs
5.2 Key Restraints
- 5.2.1 Health-Associated Risks at Workplaces
5.3 Opportunities
- 5.3.1 Increased awareness of occupational hazards and empowerment of workers to help manage health risks
5.4 Future Trends
- 5.4.1 Incorporation of Robotics for Enhancing Occupational Health Market In The Forecast Period
5.5 Impact Analysis

6. Occupational Health Market - South & Central America Analysis

6.1 South & Central America Occupational Health Market Revenue Forecast and Analysis

7. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Offerings

7.1 Overview
7.2 South & Central America Occupational Health Market Revenue Share, by Offerings 2022 & 2030 (%)
7.3 Products
- 7.3.1 Overview
- 7.3.2 Products: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Solutions
- 7.4.1 Overview
- 7.4.2 Solutions: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Services
- 7.5.1 Overview
- 7.5.2 Services: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

8. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Category

8.1 Overview
8.2 South & Central America Occupational Health Market Revenue Share, by Category 2022 & 2030 (%)
8.3 Safety
- 8.3.1 Overview
- 8.3.2 Safety: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Chemicals
- 8.4.1 Overview
- 8.4.2 Chemicals: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Biological
- 8.5.1 Overview
- 8.5.2 Biological: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Physical and Environment
- 8.6.1 Overview
- 8.6.2 Physical and Environment: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.7 Ergonomic
- 8.7.1 Overview
- 8.7.2 Ergonomic: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.8 Vaccination and Immunizations
- 8.8.1 Overview
- 8.8.2 Vaccination and Immunizations: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
8.9 Others
- 8.9.1 Overview
- 8.9.2 Others: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

9. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Employee Type

9.1 Overview
9.2 South & Central America Occupational Health Market Revenue Share, by Employee Type 2022 & 2030 (%)
9.3 Remote
- 9.3.1 Overview
- 9.3.2 Remote: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Hybrid
- 9.4.1 Overview
- 9.4.2 Hybrid: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Physical Presence
- 9.5.1 Overview
- 9.5.2 Physical Presence: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

10. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Site Location

10.1 Overview
10.2 South & Central America Occupational Health Market Revenue Share, by Site Location 2022 & 2030 (%)
10.3 On-Site
- 10.3.1 Overview
- 10.3.2 On-Site: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
10.4 Off-Site
- 10.4.1 Overview
- 10.4.2 Off-Site: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Shared Site
- 10.5.1 Overview
- 10.5.2 Shared Site: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

11. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Type

11.1 Overview
11.2 South & Central America Occupational Health Market Revenue Share, by Type 2022 & 2030 (%)
11.3 Physical Wellbeing
- 11.3.1 Overview
- 11.3.2 Physical Wellbeing: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
11.4 Social And Mental Wellbeing
- 11.4.1 Overview
- 11.4.2 Social And Mental Wellbeing: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

12. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - by Industry

12.1 Overview
12.2 South & Central America Occupational Health Market Revenue Share, by Industry 2022 & 2030 (%)
12.3 Automobile
- 12.3.1 Overview
- 12.3.2 Automobile: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.4 Chemical
- 12.4.1 Overview
- 12.4.2 Chemical: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.5 Engineering
- 12.5.1 Overview
- 12.5.2 Engineering: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.6 Government
- 12.6.1 Overview
- 12.6.2 Government: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.7 Manufacturing
- 12.7.1 Overview
- 12.7.2 Manufacturing: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.8 Mining
- 12.8.1 Overview
- 12.8.2 Mining: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.9 Oil and Gas
- 12.9.1 Overview
- 12.9.2 Oil and Gas: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.10 Pharmaceutical
- 12.10.1 Overview
- 12.10.2 Pharmaceutical: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.11 Ports
- 12.11.1 Overview
- 12.11.2 Ports: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)
12.12 Others
- 12.12.1 Overview
- 12.12.2 Others: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (US$ Million)

13. South & Central America Occupational Health Market - Revenue and Forecast to 2030 - Country Analysis

13.1 South & Central America Occupational Health Market
- 13.1.1 Overview
- 13.1.2 South & Central America Occupational Health Market Share by Country - 2022 & 2030, (%)
  - 13.1.2.1 Brazil: South & Central America Occupational Health Market- Revenue and Forecasts To 2030 (USD Million)
    - 13.1.2.1.1 Brazil: South & Central America Occupational Health Market, By Offerings, 2020-2030 (USD Million)
    - 13.1.2.1.1.1 Brazil: South & Central America Occupational Health Market, By Services, 2020-2030 (USD Million)
    - 13.1.2.1.2 Brazil: South & Central America Occupational Health Market, By Category, 2020-2030 (USD Million)
    - 13.1.2.1.2.1 Brazil: South & Central America Occupational Health Market, By Physical and Environment, 2020-2030 (USD Million)
    - 13.1.2.1.2.2 Brazil: South & Central America Occupational Health Market, By Chemicals, 2020-2030 (USD Million)
    - 13.1.2.1.2.3 Brazil: South & Central America Occupational Health Market, By Vaccination and Immunization, 2020-2030 (USD Million)
    - 13.1.2.1.2.4 Brazil: South & Central America Occupational Health Market, By Ergonomic, 2020-2030 (USD Million)
    - 13.1.2.1.2.5 Brazil: South & Central America Occupational Health Market, By Safety, 2020-2030 (USD Million)
    - 13.1.2.1.2.6 Brazil: South & Central America Occupational Health Market, By Biological, 2020-2030 (USD Million)
    - 13.1.2.1.3 Brazil: South & Central America Occupational Health Market, By Employee Type, 2020-2030 (USD Million)
    - 13.1.2.1.4 Brazil: South & Central America Occupational Health Market, By Site Location, 2020-2030 (USD Million)
    - 13.1.2.1.5 Brazil: South & Central America Occupational Health Market, By Type, 2020-2030 (USD Million)
    - 13.1.2.1.6 Brazil: South & Central America Occupational Health Market, By Industry, 2020-2030 (USD Million)
  - 13.1.2.2 Argentina: South & Central America Occupational Health Market- Revenue and Forecasts To 2028 (USD Million)
    - 13.1.2.2.1 Argentina: South & Central America Occupational Health Market, By Offerings, 2020-2030 (USD Million)
    - 13.1.2.2.1.1 Argentina: South & Central America Occupational Health Market, By Services, 2020-2030 (USD Million)
    - 13.1.2.2.2 Argentina: South & Central America Occupational Health Market, By Category, 2020-2030 (USD Million)
    - 13.1.2.2.2.1 Argentina: South & Central America Occupational Health Market, By Physical and Environment, 2020-2030 (USD Million)
    - 13.1.2.2.2.2 Argentina: South & Central America Occupational Health Market, By Chemicals, 2020-2030 (USD Million)
    - 13.1.2.2.2.3 Argentina: South & Central America Occupational Health Market, By Vaccination and Immunization, 2020-2030 (USD Million)
    - 13.1.2.2.2.4 Argentina: South & Central America Occupational Health Market, By Ergonomic, 2020-2030 (USD Million)
    - 13.1.2.2.2.5 Argentina: South & Central America Occupational Health Market, By Safety, 2020-2030 (USD Million)
    - 13.1.2.2.2.6 Argentina: South & Central America Occupational Health Market, By Biological, 2020-2030 (USD Million)
    - 13.1.2.2.3 Argentina: South & Central America Occupational Health Market, By Employee Type, 2020-2030 (USD Million)
    - 13.1.2.2.4 Argentina: South & Central America Occupational Health Market, By Site Location, 2020-2030 (USD Million)
    - 13.1.2.2.5 Argentina: South & Central America Occupational Health Market, By Type, 2020-2030 (USD Million)
    - 13.1.2.2.6 Argentina: South & Central America Occupational Health Market, By Industry, 2020-2030 (USD Million)
  - 13.1.2.3 Rest of South & Central America: South & Central America Occupational Health Market - Revenue and Forecast to 2030 (USD Million)
    - 13.1.2.3.1 Rest of South & Central America: South & Central America Occupational Health Market, By Offerings, 2020-2030 (USD Million)
    - 13.1.2.3.1.1 Rest of South & Central America: South & Central America Occupational Health Market, By Services, 2020-2030 (USD Million)
    - 13.1.2.3.2 Rest of South & Central America: South & Central America Occupational Health Market, By Category, 2020-2030 (USD Million)
    - 13.1.2.3.2.1 Rest of South & Central America: South & Central America Occupational Health Market, By Physical and Environment, 2020-2030 (USD Million)
    - 13.1.2.3.2.2 Rest of South & Central America: South & Central America Occupational Health Market, By Chemicals, 2020-2030 (USD Million)
    - 13.1.2.3.2.3 Rest of South & Central America: South & Central America Occupational Health Market, By Vaccination and Immunization, 2020-2030 (USD Million)
    - 13.1.2.3.2.4 Rest of South & Central America: South & Central America Occupational Health Market, By Ergonomic, 2020-2030 (USD Million)
    - 13.1.2.3.2.5 Rest of South & Central America: South & Central America Occupational Health Market, By Safety, 2020-2030 (USD Million)
    - 13.1.2.3.2.6 Rest of South & Central America: South & Central America Occupational Health Market, By Biological, 2020-2030 (USD Million)
    - 13.1.2.3.3 Rest of South & Central America: South & Central America Occupational Health Market, By Employee Type, 2020-2030 (USD Million)
    - 13.1.2.3.4 Rest of South & Central America: South & Central America Occupational Health Market, By Site Location, 2020-2030 (USD Million)
    - 13.1.2.3.5 Rest of South & Central America: South & Central America Occupational Health Market, By Type, 2020-2030 (USD Million)
    - 13.1.2.3.6 Rest of South & Central America: South & Central America Occupational Health Market, By Industry, 2020-2030 (USD Million)

14. South & Central America Occupational Health Market-Industry Landscape

14.1 Overview
14.2 Growth Strategies in the Occupational Health Market (%)
14.3 Organic Developments
- 14.3.1 Overview
14.4 Inorganic Developments
- 14.4.1 Overview

15. Company Profiles

15.1 Axa SA
- 15.1.1 Key Facts
- 15.1.2 Business Description
- 15.1.3 Products and Services
- 15.1.4 Financial Overview
- 15.1.5 SWOT Analysis
- 15.1.6 Key Developments
15.2 UL Solutions Inc
- 15.2.1 Key Facts
- 15.2.2 Business Description
- 15.2.3 Products and Services
- 15.2.4 Financial Overview
- 15.2.5 SWOT Analysis
- 15.2.6 Key Developments
15.3 SGS SA
- 15.3.1 Key Facts
- 15.3.2 Business Description
- 15.3.3 Products and Services
- 15.3.4 Financial Overview
- 15.3.5 SWOT Analysis
- 15.3.6 Key Developments
15.4 Nexo CS Informatica SA
- 15.4.1 Business Description
- 15.4.2 Products and Services
- 15.4.3 Financial Overview
- 15.4.4 SWOT Analysis
- 15.4.5 Key Developments

16. Appendix

16.1 About The Insight Partners
16.2 Glossary of Terms