Corporate Wellness Market to Exceed US$ 96.15 Bn by 2030 | Says Precedence Research

According to Precedence Research, during the forecast period of 2021 to 2030, the global corporate wellness market is estimated to develop at a compound annual growth rate (CAGR) of 6.9%. The global corporate wellness market was valued at USD 52.59 billion in 2021, and it is predicted to exceed USD 96.15 billion by 2030. The study investigates several elements and their consequences on the growth of the corporate wellness market.

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Growth Factor

The corporate wellness programs are a harmonized set of health promotion strategies that are executed at worksites and include programs, policies, and certain benefits to the community designed to encourage health and safety of employee. Employee wellness programs are gradually becoming common in many organizations to keep employees productive and decrease employee turnover.

Scope of the Corporate Wellness Market Report

The growing implementation of wide range of corporate wellness programs that emphasize on employee wellbeing is set to drive the market growth.

Corporate Wellness programs approach certain policies and interferences that address multiple risk factors and health conditions as well as plan strategies that may influence multiple organization levels, including individual employee behavior change, organizational culture, and worksite environment. Workplace wellness programs are considered as important integral part of an organization, which employs various strategies and interventions to influence employee’s good health. Employees are inspired to adopt a healthy lifestyle and aid companies to enhance their productivity and reduce healthcare costs, by eventually improving employee wellbeing. Healthy employees can spend less on health care; take fewer sick days which gives more productive output. However, huge cost associated to outsource such programs or services predicted to hamper the growth of the market.

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This report focuses on corporate wellness market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall corporate wellness market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

KEY HIGHLIGHTS OF THE STUDY

• The stress management is estimated to grow at the remarkable rate during the study period.
• Organizations/Employers accounted for the largest share in 2020 exhibiting three-fifth of the total market share.
• Health screening & risk assessmentdominated the market, accounting for maximum shares in 2020, and is expected to retain the same trend during the forecast period.
• The offsitesegment is expected to grow at the fastest growth rate during the forecast period.
• Large scale organizations of end user segment generated the highest revenue in 2020 and are anticipated to maintain this trend throughout the forecast period. Whereas, medium scale organizationsis growing at the fastest rate from 2021 to 2027.
• U.S. is expected to exhibit highest growth in the North America corporate wellness market, registering a CAGR of 7.4% during the forecast period.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of corporate wellness, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of corporate wellness has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the corporate wellness market.

Some of the prominent players in the corporate wellness market include:

• Wellness Corporate Solutions
• ComPsych
• Provant Health Solutions
• Beacon Health Options
• Virgin Pulse
• Marino Wellness
• EXOS
• Vitality Group
• Privia Health
• Central Corporate Wellness
• Wellsource, Inc.
• SOL Wellness
• Truworth Wellness
• ADURO, INC.
• Well Nation
• Fitbit, Inc.

Segments Covered in the Report

By Service

• Fitness
• Health Risk Assessment
• Health Screening
• Smoking Cessation
• Stress Management
• Nutrition & Weight Management
• Others

By Category

• Psychological Therapists
• Fitness & Nutrition Consultants
• Organizations/Employers

By Delivery Model

• Offsite
• Onsite

By End-use

• Large Scale Organizations
• Medium Scale Organizations
• Small Scale Organizations

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1 Introduction

1.1 Research objective

1.2 Scope of the study

Chapter 2 Research Methodology

2.1 Research Approach

2.2 Market Research Process

2.2.1 Data procurement and data mining

2.2.2 Data analysis and standardization

2.2.3 Data Processing and Market Formulation:

2.2.4 Data Validation

2.3 Market Research Approach

2.4 Data Sources

2.4.1 Secondary Research

2.4.2 Primary Research

2.5 Assumptions & Limitations

Chapter 3 Executive Summary

3.1 Market snapshot

Chapter 4 Corporate Wellness Market Variables and Scope

4.1 Introduction

4.2 Market classification and scope

Chapter 5 COVID-19 Impact on Corporate Wellness Market

5.1 COVID-19: Corporate Wellness industry impact

5.2 COVID-19 related variables have temporarily shifted worker health & safety spending

5.3 Market Trends and Corporate Wellness Opportunities in the COVID-19 Landscape

Chapter 6 Corporate Wellness Market Dynamics Analysis and Trends

6.1 Market dynamics

6.1.1 Market drivers

Corporate wellness programs are becoming more widely accepted.

Longer working hours and a longer life expectancy

Reduced healthcare costs for employees

Increasing prevalence of chronic diseases

6.1.2 Market restraint

Dearth of qualified and skilled professionals

Budgetary Constraints

Low awareness regarding the corporate wellness programs

6.1.3 Market opportunities

The focus on workforce health is becoming more prominent globally.

Chapter 7 Global Corporate Wellness Market, By Service

7.1 Corporate Wellness market, by Service (%), 2020

7.1.1 Overview

7.1.2 Market estimation and forecast, by service, 2017-2030

7.2 Health Risk Assessment (HRAs)

7.2.1 Health Risk Assessments (HRAs) Market Estimation and Forecast, 2017-2030

7.3 Nutrition & Weight Management

7.3.1 Nutrition & Weight Management Market Estimation and Forecast, 2017-2030

7.4 Smoking Cessation

7.4.1 Smoking Cessation Market Estimation and Forecast, 2017-2030

7.5 Fitness

7.5.1 Fitness Market Estimation and Forecast, 2017-2030

7.6 Stress Management

7.6.1 Stress Management Market Estimation and Forecast, 2017-2030

7.7 Health Screening

7.7.1 Health Screening Market Estimation and Forecast, 2017-2030

7.8 Other Corporate Wellness Services

7.8.1 Other Corporate Wellness Services Market Estimation and Forecast, 2017-2030

Chapter 8 Global Corporate Wellness Market, By Category

8.1 Corporate Wellness market, by Category (%), 2020

8.1.1 Overview

8.1.2 Market Estimation and Forecast, by Category, 2017-2030

8.2 Psychological Therapists

8.2.1 Psychological Therapists Market Estimation and Forecast, 2017-2030

8.3 Fitness & Nutrition Consultants

8.3.1 Fitness & Nutrition Consultants Market Estimation and Forecast, 2017-2030

8.4 Organizations/Employers

8.4.1 Organizations/Employers Market Estimation and Forecast, 2017-2030

Chapter 9 Global Corporate Wellness Market, By Delivery Model

9.1 Corporate Wellness market, by Delivery Model, 2017 vs. 2030

9.1.1 Overview

9.1.2 Market Estimation and Forecast, by Delivery Model, 2017-2030

9.2 Offsite Delivery Model

9.2.1 Offsite Delivery Model Market Estimation and Forecast, 2017-2030

9.3 Onsite Delivery Model

9.3.1 Onsite Delivery Model Market Estimation and Forecast, 2017-2030

Chapter 10 Global Corporate Wellness Market, By End Use

10.1 Corporate Wellness market, by End Use (%), 2020

10.1.1 Overview

10.1.2 Market Estimation and Forecast, by End Use, 2017-2030

10.2 Large Scale Organizations

10.2.1 Large Scale Organizations Market Estimation and Forecast, 2017-2030

10.3 Medium Scale Organizations

10.3.1 Medium Scale Organizations Market Estimation and Forecast, 2017-2030

10.4 Small Scale Organizations

10.4.1 Small Scale Organizations Market Estimation and Forecast, 2017-2030

Chapter 11 Global Corporate Wellness Market, By Region

11.1 Corporate Wellness market, by region, 2016-2027

11.1.1 Market Estimation And Forecast, by Region, 2017-2030

11.1.2 Market Estimation and Forecast, by Region, 2017-2030

11.2 North America

11.2.1 North America market estimation and forecast, by Country, 2017-2030

11.2.2 Market Estimation and Forecast, by Country, 2017-2030

11.2.3 North America market estimation and forecast, by Service, 2017-2030

11.2.4 US

11.2.5 US market estimation and forecast, by Service, 2017-2030

11.2.6 Canada

11.2.7 Canada market estimation and forecast, by Service, 2017-2030

11.2.8 Mexico

11.2.9 Mexico market estimation and forecast, by Service, 2017-2030

11.3 Europe

11.3.1 Europe market estimation and forecast, by Country, 2017-2030

11.3.2 Market Estimation and Forecast, by Country, 2017-2030

11.3.3 Europe market estimation and forecast, by Service, 2017-2030

11.3.4 Germany

11.3.5 Germany Market Estimation and Forecast, by Service, 2017-2030

11.3.6 UK

11.3.7 UK market estimation and forecast, by Service, 2017-2030

11.3.8 France

11.3.9 France market estimation and forecast, by Service, 2017-2030

11.3.10 Italy

11.3.11 Italy market estimation and forecast, by Service, 2017-2030

11.3.12 Rest of Europe

11.3.13 Rest of Europe market estimation and forecast, by Service, 2017-2030

11.4 Asia Pacific

11.4.1 Asia Pacific market estimation and forecast, by Country, 2017-2030

11.4.2 Market Estimation and Forecast, by Country, 2017-2030

11.4.3 Asia Pacific market estimation and forecast, by Service, 2017-2030

11.4.4 Japan

11.4.5 Japan Market Estimation and Forecast, by Service, 2017-2030

11.4.6 South Korea

11.4.7 South Korea market estimation and forecast, by Service, 2017-2030

11.4.8 China

11.4.9 China market estimation and forecast, by Service, 2017-2030

11.4.10 Australia

11.4.11 Australia market estimation and forecast, by Service, 2017-2030

11.4.12 India

11.4.13 India market estimation and forecast, by Service, 2017-2030

11.4.14 Rest of Asia Pacific

11.4.15 Rest of Asia Pacific market estimation and forecast, by Service, 2017-2030

11.5 LAMEA

11.5.1 LAMEA market estimation and forecast, by Country, 2017-2030

11.5.2 Market Estimation and Forecast, by Country, 2017-2030

11.5.3 LAMEA market estimation and forecast, by Service, 2017-2030

11.5.4 Brazil

11.5.5 Brazil Market Estimation and Forecast, by Service, 2017-2030

11.5.6 Argentina

11.5.7 Argentina market estimation and forecast, by Service, 2017-2030

11.5.8 Saudi Arabia

11.5.9 Saudi Arabia market estimation and forecast, by Service, 2017-2030

11.5.10 UAE

11.5.11 UAE market estimation and forecast, by Service, 2017-2030

11.5.12 South Africa

11.5.13 South Africa market estimation and forecast, by Service, 2017-2030

11.5.14 Rest of LAMEA

11.5.15 Rest of LAMEA market estimation and forecast, by Service, 2017-2030

Chapter 12 Competitive Landscape

12.1 Company market share/positioning analysis, 2020

12.2 Market players landscape

12.2.1 List of suppliers

12.3 Winning strategies by the market participants:

Chapter 13 Company Profile

13.1 LabCorp Employer Services (formerly Wellness Corporate Solutions) a part of Laboratory Corporation of America Holdings

13.1.1 Company overview

13.1.2 Business outline

13.1.3 Financial performance

13.1.4 Product line

13.1.5 Recent developments

13.2 Aduro

13.2.1 Company overview

13.2.2 Business outline

13.2.3 Financial performance

13.2.4 Product line

13.2.5 Recent developments

13.3 Virgin Pulse

13.3.1 Company overview

13.3.2Business outline

13.3.3 Financial performance

13.3.4 Product line

13.3.5 Recent developments

13.4 Exos

13.4.1 Company overview

13.4.2 Business outline

13.4.3 Financial performance

13.4.4 Product line

13.4.5 Recent developments

13.5 Marino Wellness

13.5.1 Company overview

13.5.2 Business outline

13.5.3 Financial performance

13.5.4 Product line

13.5.5 Recent developments

13.6 Fitbit

13.6.1 Company overview

13.6.2 Business outline

13.6.3 Financial performance

13.6.4 Product line

13.6.5 Recent developments

13.7 Vitality Group International, Inc

13.7.1 Company overview

13.7.2 Business outline

13.7.3 Financial performance

13.7.4 Product line

13.7.5 Recent developments

13.8 Central Corporate Wellness

13.8.1 Company overview

13.8.2 Business outline

13.8.3 Financial performance

13.8.4 Product line

13.8.5 Recent developments

13.9 Beacon Health Options

13.9.1 Company overview

13.9.2 Business outline

13.9.3 Financial performance

13.9.4 Product line

13.9.5 Recent developments

13.10 Wellsource, Inc.,

13.10.1 Company overview

13.10.2 Business outline

13.10.3 Financial performance

13.10.4 Product line

13.10.5 Recent developments

13.11 ComPsych Corporation

13.11.1 Company overview

13.11.2 Business outline

13.11.3 Financial performance

13.11.4 Product line

13.11.5 Recent developments

13.12 Truworth Health Technologies Pvt. Ltd. (Truworth Wellness)

13.12.1 Company overview

13.12.2 Business outline

13.12.3 Financial performance

13.12.4 Product line

13.12.5 Recent developments

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