by 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
| Report Highlights | Details |
| Market Size | USD 96.15 Billion by 2030 |
| Growth Rate | CAGR of 6.9% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Service, Category, Delivery Model, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Rest of the World |
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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