Growing acceptance of corporate wellness programs among companies from various industrial sectors is likely to generate prodigious sales avenues in the global corporate wellness market during the tenure of 2020 to 2030. The main motive of adopting wellness programs by organizations is to boost the employee productivity and reduce the overall operational costs.
An upcoming research report by TMRR offers in-depth analysis of factors showing positive or adverse impact on overall growth of the global corporate wellness market. Apart from this, the study delivers reliable information and analysis on competitive landscape, key regions, trends, and challenges in the market for corporate wellness during the assessment period of 2020 to 2030.
The study performs segmentation of the global corporate wellness market based on many key parameters including end-use, service, delivery model, category, and region. Based on category, the market for corporate wellness is classified into psychological therapists, organizations/employers, and fitness and nutrition consultants.
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Global Corporate Wellness Market: Growth Dynamics
In recent few years, there is remarkable rise in the awareness among employers from diverse industries about employee wellbeing and health. As a result, the companies working in the global corporate wellness market are experiencing upward graph of demand from large-scale, medium-scales, and small-scale organizations from all worldwide locations.
Corporate wellness programs are gaining traction in all worldwide sectors. Corporate wellness include a set of programs, policies, and benefits associated with numerous risk factors and conditions. The main motive of these wellness programs is to promote the safety and health among employees, and thereby reduce the burden of medical costs and insurance costs on employers. Thus, the corporate wellness programs are beneficial for both employers and employees as well. This scenario depicts that the global corporate wellness market will expand at rapid pace in the forthcoming years.
Global Corporate Wellness Market: Notable Development and Competitive Analysis
The corporate wellness market depicts fairly fragmented nature. With presence of many active players, the competitive landscape of the market for corporate wellness seems to be highly intense. Thus, enterprises in this market are using diverse strategic moves to gain the competitive edge over other competitors.
Several enterprises in the global corporate wellness market are growing their regional presence. A case in point here is the recent announcement by ComPsych Corporation. The firm announced opening of its new office in St. Louis. This move by ComPsych Corporation is likely to expand its business in the new region, thereby boost the growth of the global corporate wellness market during the assessment period 2020 to 2030.
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The list of important players in the global corporate wellness market includes:
- Wellness Corporate Solutions
- Provant Health Solutions
- Virgin Pulse
- Marino Wellness
- Vitality Group
- Privia Health
- Wellsource, Inc.
Global Corporate Wellness Market: Regional Assessment
The global corporate wellness market is spread across five key regions, namely, the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. Among all important regions, North America is one of the dominant regions in the market for corporate wellness. One of the key reasons for the growth of North America corporate wellness market is increased adoption of corporate wellness programs by companies engaged in several industrial sectors.
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