Corporate wellness often refers to the employment of a number of programmes by corporations to promote the health and well-being of their workforce. It includes efforts, regulations, and other benefits targeted at enhancing health and increasing productivity. There are options for weight loss, exercise, nutrition and nutritional therapies, stress management activities, health exams, and cigarette cessation sessions. Nap rooms, wearable medical trackers, gym memberships, yoga lessons, and meditation sessions are also offered by large and medium-sized organisations. Employee retention, recruiting, company culture, and workplace culture are all aided by these activities.
Global Corporate Wellness Market Overview:
The Global Corporate Wellness Market Research Report has delved into an extensive examination of the current status encompassing definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. With unbiased and expert commentary, this report provides insights into the prevailing market condition, historical market performance, production and consumption rates, demand-supply dynamics, and revenue projections for the anticipated period. Notably, the analysis extends to encompass strategic goals and growth strategies adopted by major entities operating in this sector. This investigation encompasses diverse approaches such as mergers and acquisitions, corporate transactions, partnerships, collaborations, joint ventures, brand promotion, and product introductions. In summary, this research paints a comprehensive picture of the and regional landscape of the sector.
Key Insights:
Global Corporate Wellness Market size was valued at US$ 60.55 Bn in 2022 and the total revenue is expected to grow at 7.1 % through 2023 to 2029, reaching nearly US$ 97.87 Bn.
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COVID-19 Impact on Global Corporate Wellness market:
The Global Corporate Wellness industry has borne the brunt of the COVID-19 pandemic, with profound implications. disruptions and workforce limitations led to suspension of production facilities. This crisis caused a significant and prolonged reduction in production utilization, compounded by travel restrictions and facility closures which kept personnel away from their workspaces, consequently slowing down the Global Corporate Wellness market in 2020. However, the adverse effects of COVID-19 on this market are anticipated to be transitory, with a swift rebound expected by early 2021, driven by escalated demand for Global Corporate Wellness .
Global Corporate Wellness Market Drivers:
According to the Health Resources and Services Administration, the number of adult psychiatrists in the United States is anticipated to fall by 20% by 2030. The decline in the number of new professionals entering these professions contributes to the shortage. The shortage of mental health professionals is much greater in underdeveloped countries. In India, for example, there are just 0.75 psychiatrists per 100,000 people. Because of the paucity of adequately qualified individuals, developing and implementing effective, holistic workplace wellness programmes is difficult, which may impede market growth.
Global Corporate Wellness Market Segmentation:
by Service
1. Fitness
2. Health risk assessment
3. Health screening
4. Nutrition and weight management
5. Smoking cessation
6. Stress management
7. Others
by Category
1. Fitness and nutrition consultants
2. Organizations/employers
3. Psychological therapists
by End User
1.Small-scale organizations
2. Medium-scale organizations
3. Large-scale organizations
4. Other
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Key Players:
This research report offers comprehensive quantitative insights, providing a lucid view of market prospects across various categories, along with country-specific analyses for each covered region. The analysis scrutinizes the pivotal factors influencing the market, complemented by exhaustive profiles of...
1. ComPsych
2. Wellness Corporate Solutions
3. Virgin Pulse
4. Provant Health Solutions
5. EXOS
6. Marino Wellness
7. Privia Health
8. Vitality Group
9. Wellsource, Inc.
10. Central Corporate Wellness
11. Truworth Wellness
12. SOL Wellness
13. Well Nation
14. ADURO, INC.
15. Beacon Health Options
16. Fitbit, Inc.
17. Aptora
18. Alyfe Wellbeing Strategies
19. Burner Fitness
20. Sodexo Group
21. MediKeeper
22. Rival Health
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that influence the market's current and future trends. New sales, replacement sales, national demographics, regulatory acts, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, when providing forecast analysis of national data, the existence and availability of brands, as well as the hurdles they encounter due to strong or weak competition from local and domestic brands, as well as the influence of sales channels, are taken into account.
Table Of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Corporate Wellness Market Size, by Market Value (US$ Bn )
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
6. Global Corporate Wellness Market Analysis and Forecast
6.1. Global Corporate Wellness Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
Key Questions Answered in the Global Corporate Wellness Market Report are:
- Which segment emerged as the leading segment in the Global Corporate Wellness market?
- Which are the key players in the Global Corporate Wellness market?
- What trends are likely to emerge in the Global Corporate Wellness market in the coming years?
- What will be the Global Corporate Wellness market size by 2027?
- Which company held the largest share in the Global Corporate Wellness market in 2020?
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