Corporate Wellness Market Information by Service (Health Risk Assessment, Fitness, Smoking Cessation, Biometric Screening, Nutrition & Weight Management, Stress Management, Alcohol & Drug Abuse Services, and Others), by Category (Fitness & Nutrition Consultants, Psychological Therapists, and Organizations), by End User (Small-Scale Organizations, Medium-Scale Organizations, and Large-Scale Organizations), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa)—Forecast till 2030
The corporate wellness market was valued USD 57.3 billion in 2021 and is expected to reach USD 109.4 billion by 2030 at 8.37% CAGR during the forecast period of 2022 to 2030. Corporate wellness is a program that is designed to support employees and their families that promotes a healthy workplace by incorporating various health activities within the daily work reduce to health risks, improve quality of life, and enhance productivity. Corporate wellness programs involve a set of policies, programs, and benefits addressing various risk factors and conditions and influencing both employees and the overall organization. Corporate wellness is a program that helps workers and their families and encourages a healthy workplace by integrating several health activities into daily work to lower health risks, improve the quality of care, and boost productivity. Through wellness programs, both employees and employers can obtain high benefits. Presently, people prefer workplaces that have good work culture, as well as health improvement plans, expect of daily tasks. Health cognizance or improvement programs impact positively the organizational environment and culture. In addition, employees also prefer to embrace incentive-based wellness activities as they play a vital role in employee motivation.
The worldwide market of corporate wellness is estimated to exhibit significant growth over the forecast period, which can be ascribed to factors such as the deployment of highly experienced trainers, better fitness facilities, and growing health awareness among corporate employees. The market for corporate wellness is projected to grow as people become more aware of the importance of employee health and well-being. Various businesses and industries have initiated employee health programs, which are expected to accelerate the market expansion of corporate wellness in the coming years.
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The Global Corporate Wellness Market report provides an integrated evaluation of the market. The report tenders to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.
Corporate Wellness Market Segmentation
The Global Corporate Wellness Market is segmented into the following types;
- Health Risk Assessment
- Health Screening
- Smoking Cessation
- Stress Management
- Nutrition & Weight Management
- Psychological Therapists
- Fitness & Nutrition Consultants
By Delivery Model
- Large Scale Organizations
- Medium Scale Organizations
- Small Scale Organizations
The Global Corporate Wellness Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America emerged as the world leader in the corporate wellness market in terms of revenue share in the year 2022. In addition, substantial dominance of the office culture in North America influences the corporate owners in the region to implement such services or programs to benefit their employees with good health.
The Asia-Pacific Corporate Wellness market is anticipated to grow strongly in the forecast period as it involves high government initiatives that encourage human resources development. In addition, an upsurge in the number of cases of chronic diseases such as cancer and stress disorder is pushing the market growth.
Europe is estimated to exhibit significant growth during the forecast period due to growing awareness of mental well-being, high healthcare expenditure, the growing prevalence of chronic diseases, and boosting government initiatives in the region.
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The Global Corporate Wellness Market’s prominent key players are ComPsych Corporation (US), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Sodexo (France), and Vitality Group International Inc. (US).
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