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Corporate Wellness Market 2019-2023 | 7% CAGR Projection by Forecast period, Industry Analysis by global Size, Share, Upcoming Trends, Growth, Competitor Analysis and key Industry Players

November 15th, 2019 Market Research Future Releases

Global Corporate Wellness Market Research Report: by Service Type (Health Risk Assessment, Stress Management, Nutrition & Weight Management, Smoking Cessation, Fitness), Category (Fitness & Nutrition Consultant, Organization), End User- Forecast Till 2023

You Can Get Latest Sample Copy Of Corporate Wellness Market @ https://www.marketresearchfuture.com/sample_request/6963 

High stress levels and deadlines at the workplace have caused many a breakdown among employees. Corporate wellness programs are designed by large organizations by themselves or with the help of others for ensuring the wellbeing of employees. They contain a holistic approach and deal with employee behavior in a steady manner. The global corporate wellness market report by Market Research Future (MRFR) analyzes the value of various solutions by prioritizing employee health.

Corporate Wellness Market Outlook

The global corporate wellness market is estimated to exhibit 7% CAGR from 2018 to 2023 (forecast period) to reach a large valuation. The market size stood at USD 49.7 billion in 2017.

Programs designed for keeping stress levels under check are expected to drive market growth. According to a report by the U.S. Department of Health and U.S. Department of Labor, nearly 80% companies in the United States with strength of over 50 employees offer some wellness program. Focus of large corporations to reduce healthcare expenses and advocation of positive behavior at the marketplace are other market drivers. Furthermore, rise of private capex, surge in white-collar worker numbers, and increasing prevalence of lifestyle diseases such as obesity, smoking, and lethargy are factors which can influence the market growth till 2023.

Coaching services which can foster long-term relationships between employees and employers are gaining traction. Implementation of coaching and wellness programs can spell low leave rates due to absenteeism. Companies with forward thinking approaches and with an aim for increasing efficiency can augment the corporate wellness market demand till the end of the forecast period.

Corporate Wellness Market Segmentation Analysis

The corporate wellness market is segmented by category, service type, and end-user.

By category, it is segmented into smoking cessation, health screening, health risk assessment, nutrition & weight management, stress management, and others. Among these, the health risk assessment segment accounted for the largest market share in 2017 with corporations implementing intervention programs to prevent the chances of burnouts or breakdowns.

By service type, it is segmented into organizations, psychological therapists, and fitness & nutrition consultants.

By end-user, it is segmented into large-scale businesses, small-scale businesses, and medium-scale businesses.

Corporate Wellness Market Regional Analysis

Asia Pacific (APAC), the Middle East & Africa (MEA), the Americas, and Europe are regions covered in the global corporate wellness market report.

The Americas is projected to dominate the global market due to establishment of various corporate wellness programs for boosting employee morale and promoting a healthy work culture. It was the leading region in 2017 due to expanded healthcare budgets of nations of the U.S. and Canada, rise of lifestyle diseases, and offerings of wearables to employees. Tie-ups with wellness centers and spas can be beneficial to the market.

The Europe region is expected to experience a giant windfall in the coming years due to increasing investments in wellness programs. Moreover, tax benefit schemes accorded to enterprises such as Fit for Work initiative in the U.K. can bode well for the market. The regional growth can be supported by incorporation of health and wellness programs by medium to large enterprises.

The APAC region can experience a robust growth rate due to corporate social responsibility (CSR) initiatives being a tax benefit for large organizations. Large employee workforce in China and India can trigger the demand for wellness activities. Lastly, the MEA region can register a modest growth rate due to investment in employee health and change in healthcare reforms in the United Arab Emirates (UAE).

Corporate Wellness Market Competitive Outlook

  • Central Corporate Wellness
  • Truworth Health Technologies Pvt. Ltd
  • EXOS
  • Sodexo Group
  • Wellness Corporate Solutions
  • 1to1help.net Pvt. Ltd.
  • Privia Health
  • SOL Wellness
  • ProvantHealth (Hooper Holmes, Inc.)
  • Wellsource
  • Virgin Pulse
  • ComPsych Corporation
  • Marino Wellness
  • Bupa Wellness Pty Ltd
  • The Vitality Group

are notable players currently operational in the corporate wellness market.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/corporate-wellness-market-6963

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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