Occupational Health and Safety Services in Australia - Industry Market Research Report

Risky Business: Falling Business Confidence and Strong Competition Have Caused Profit Declines

The Occupational Health and Safety Services industry has faced difficult operating conditions since 2017-18, as a growing proportion of businesses are bypassing the industry and managing their occupational health and safety (OH&S) service internally. The industry consists of consultants who perform a variety of services that enable businesses to comply with OH&S laws. Businesses that fail to meet these regulations risk substantial fines or litigation, especially in the event that an employee is injured at their workplace. OH&S consultants provide specialised advice, training, certification and evaluations of an organisation's operations that can reduce the risk of fines, litigations or work stoppages. In high-risk sectors, like mining, a growing proportion of businesses are hiring their own OH&S personnel and bypassing consultants in the industry altogether. Industry firms primarily provide assistance and advice to businesses and organisations to assure safe and healthy working conditions for employees. Companies provide assistance, education, outreach and training. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.