2022
9
UK Occupational Health Market Report 2022
2022-06-14T04:02:20+01:00
OX1103525
1495
152102
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Report
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“With more people now working remotely and without a traditional full-time work location, OH professionals must ensure that they adapt their services to fit these new working trends. Visits to…

UK Occupational Health Market Report 2022

£ 1,495 (Excl.Tax)

Description

The UK Occupational Health Market Report examines employee health, how employers have reacted to new working trends and how the occupational health market has adapted to a post-pandemic environment.  This report covers the occupational health market size, market forecast, market segmentation and trends in the occupational health market.

 

Current Landscape of the Occupational Health Market

The occupational health market has started to market itself to employers that require new measures to protect their workforce from potentially infecting themselves and others whilst COVID-19 infection rates remain stubbornly high – particularly as vaccine and previous infection immunity start to wane towards the more problematic winter months with future boosters likely to be required.

 

Occupational Health Market Trends and Industry Statistics

With the need for a return to strong business growth amidst a challenging economic climate, providers must now demonstrate the occupational health market’s specific and ongoing role as more than a support function and something that is integral to people’s performance and meeting targets.

Mintel’s occupational health industry analysis outlines that increasing pressure on NHS resources and the squeeze on funding mean that employees face more limited services and potential delays in treatment. This has increased the importance of employers providing their staff with health, dental and wellbeing programmes.

  • 28% of the days lost through sickness wer due to minor illnesses.
  • 400,000 people have left the workforce since the start of the pandemic because of reasons related to poor health.
  • 81% of UK employers said they had observed presenteeism (working when ill) among those working from home.

 

Future Occupational Health Market Trends

The past two years have been a time of change and opportunity. The occupational health market is in a unique position to positively impact employees’ experience in the workplace by developing policies that prioritise health and wellbeing.

Mintel’s occupational health industry analysts examines the opportunity to concentrate marketing on prevention rather than cure will offer a major differentiation from other health services and this type of activity will be an attraction to employers wishing to reduce sickness absence costs.

To discover more about the UK Occupational Health Market Report 2022, read our UK Private Healthcare Market Report 2022, or take a look at our Health and Wellbeing Market Research Reports.

 

Quickly Understand

  • The ongoing impact of COVID-19 on employee health, and how employers have reacted to and been affected by new working trends.
  • How the occupational health market will adapt to a post-pandemic environment.
  • The value of individual segments in the occupational health market in 2022 and beyond.

 

Covered in this Report

Products: Healthcare provision provided in the workplace, including both specific health and safety care, and broader issues of health, fitness and preventative healthcare, often referred to as ‘wellness’

Brands: AXA Health, Latus Health, LifeWorks, Bupa, Healix, Cigna Healthcare, HCA, Health Management, International SOS, Medigold Health, Optima Health Group.

 

Expert Analysis from a Specialist in the B2B Sector

This report, written by Lewis Cone, a leading analyst in the B2B sector, delivers in-depth commentary and analysis to highlight current trends in the occupational health market and add expert context to the numbers.

With more people now working remotely and without a traditional full-time work location, OH professionals must ensure that they adapt their services to fit these new working trends. Visits to an office or headquarters are no longer as viable as they used to be since fewer employees may be on-site, and therefore the employee drive for virtual health consultations should be met by an increase in the supply of such services by OH providers.”

Lewis Cone - Research Analyst

Lewis Cone
Senior B2B Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • Market context
    • Products covered in this Report
  2. Executive Summary

    • The five-year outlook for occupational health
      • Figure 1: Five-year outlook for occupational health, 2022-26
    • Market forecast
    • Reducing work absences and improving productivity amid looming recession threat will drive OH’s market value
      • Figure 2: UK occupational health market forecast, by provider, 2022-26 (£ million at 2021 prices)
    • Market size
    • Market value edges up in 2021 as more businesses invest in OH
      • Figure 3: UK market segmentation for occupational health provision at salary costs for non-commercial operators, by type of provider, 2021 (£ million)
    • Wales records highest sickness absence rate
      • Figure 4: Sickness absence rates, by region, six highest rates, 2021 (%)
    • ‘Other’ and minor illness lead to most working days lost
      • Figure 5: Number of days lost through sickness absence in the UK, by reason, 2021* (% of total days lost)
  3. Issues and Insights

    • High number of people leaving employment due to poor health
    • Employee usage of OH and wellbeing services, as well as guidance on sickness absence support, remains lacking
  4. Market Size

    • Workforce
    • Sickness absence rates
      • Figure 6: Working hours lost due to sickness absence, 2017-21* (%)
      • Figure 7: Working hours lost due to sickness absence, by age, 2017-21* (%)
    • Public sector
    • Employment structure
      • Figure 8: Analysis of employment in central and local government, by size of company, at the start of 2021 (number of businesses and 000s of employees)
    • Private sector
      • Figure 9: Analysis of employment in the private sector, by size of company, at the start of 2021 (number of businesses and 000s of employees)
    • Overall market
    • Statutory sick pay
    • Cost of absence
    • Reasons for absence
      • Figure 10: Number of days lost through sickness absence in the UK, by reason, 2017-21* (millions)
    • Stress
      • Figure 11: Causes of work-related stress, 2022 (% of respondents, top three causes)
      • Figure 12: Methods used to identify and reduce stress, 2022 (% of respondents that take steps to manage stress)
    • Flexible working trends
    • Regional analysis
      • Figure 13: UK regional employment in October-December 2019, 2020, 2021 (000s and % of total)
      • Figure 14: Regional public sector employment, 2017-21 (000)
      • Figure 15: Sickness absence rates, by region, 2021 (%)
    • Market development
    • Overview
    • OH market size
      • Figure 16: UK market segmentation for occupational health provision at salary costs for non-commercial operators, by type of provider, 2017-21 (£ million)
  5. Market Forecast

    • The five-year outlook for occupational health
      • Figure 17: Five-year outlook for the occupational health market, 2022-26
    • Learnings from the last recession
      • Figure 18: Industry performance following the last recession, 2008-15 (£ million)
    • Overview
    • Reducing work absences and improving productivity amid looming recession threat will drive OH’s market value
      • Figure 19: UK occupational health market forecast, by provider, 2022-26 (£ million at 2021 prices)
    • WHO and ILO call for national OH strategies for healthcare workers to tackle rising number of workplace risks
    • Government plan to increase SME demand and access to OH services…
    • … and intends to set up an OH portal for social care providers to learn more about local providers
  6. The Impact of the Economy

    • UK economy reaches pre-pandemic level in 2021 but Omicron and the Ukraine conflict have dampened growth in Q1 2022
      • Figure 20: Annual GDP growth rate, 2017-21 (%)
  7. Market Trends

    • Remote working can lead to longer working hours
    • A third of people continue to work whilst ill, although presenteeism pressure has fallen
    • OH providers are seeking to innovate and maintain industry knowledge to streamline costs and maintain a competitive edge in the market
  8. Market Drivers

    • Larger corporates saw turnover rise but employee numbers fall in 2021, meaning OH providers need to adapt their service provision
      • Figure 21: Business population in the UK private sector, by company size, at the start of 2017-21 (number, £ billion, and millions employed)
    • Backlog in NHS treatment and support offers further entry points for OH services
    • Record numbers of people working past traditional retirement age presents OH challenges and opportunities
    • The presence of ‘long Covid’ should widen access to OH services
  9. Industry Structure

    • Industry development
    • Free toolkits rolled out to support employers and advisers on employee wellbeing
    • SOM publishes guide on supporting neurodiverse employees
    • Recent industry moves and deals
    • Major industry groups
    • Structure of the industry
      • Figure 22: Analysis of the changes in the structure of the ‘other human health activities’ industry, 2017-21 (number of outlets and businesses)
    • Structure by employment
      • Figure 23: Analysis of the employment structure of the ‘other human health activities’ industry, 2020 and 2021 (number of employees and outlets)
    • Structure by turnover
      • Figure 24: Analysis of the financial structure of the ‘other human health activities’ industry, 2020 and 2021 (£000 and number of businesses)
  10. Competitive Strategies

    • AXA Health enhances its large corporate offering, Working Body, to speed up access to care
    • Bupa Global launches LifeWorks EAP and wellbeing platform
    • Latus Health using acquisitions to reach its aim of becoming the UK’s first fully remote OH services provider
    • Healix launches low-cost employer digital health offering
  11. Company Profiles

    • Bupa Occupational Health
      • Figure 25: Financial analysis of Bupa Occupational Health, 2016-20 (£000)
    • Cigna Healthcare Occupational Health
    • HCA International
      • Figure 26: Financial analysis of HCA International, 2016-20 (£000)
      • Figure 27: Financial analysis of Roodlane Medical, 2016-20 (£000)
      • Figure 28: Financial analysis of Blossoms Healthcare, 2016-20 (£000)
    • Health Management
      • Figure 29: Financial analysis of Health Management, 2016-20 (£000)
    • International SOS (Medical Services) UK
      • Figure 30: Financial analysis of International SOS (Medical Services) UK Limited, 2016-21* (£000)
    • Medigold Health
      • Figure 31: Financial analysis of Medigold Health Consultancy, 2016-21* (£000)
    • Optima Health Group Limited
      • Figure 32: Financial analysis of Optima Health Group Limited (formerly known as OH Assist Group Limited), 2016-20 (£000)
      • Figure 33: Financial analysis of Working on Wellbeing Ltd, 2016-20 (£000)
  12. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
    • Methodology
  13. Further Sources and Contacts

    • Trade associations, regulatory authorities and independent bodies
    • British Occupational Hygiene Society
    • British Safety Council
    • Commercial Occupational Health Providers Association (COHPA)
    • Employee Assistance Professionals Association
    • Health and Safety Executive (HSE)
    • Institute of Occupational Medicine
    • Institution of Occupational Safety and Health
    • Royal Society for the Prevention of Accidents
    • The Association of Occupational Health and Wellbeing Professionals (iOH)
    • The Safety Assessment Federation
    • Trade magazines
    • Employee Benefits
    • Health & Safety Matters
    • Occupational Health and Wellbeing
    • Safety & Health Practitioner
    • Safety Management Magazine
    • Trade exhibitions
    • The Health and Safety Event
    • Health and Safety at Work Conference
    • Occupational Health
    • Occupational Safety & Health Forum
    • Occupational Therapy Show
    • Safety & Health Expo

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