Corporate Wellness Market Research Report

 


Corporate Wellness Market

Corporate Wellness Market is poised to touch USD 101 Billion by 2028, growing at a Compound Annual Growth Rate of 7.7% over the forecast period.

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Corporate wellness refers to the execution of several programs by organizations to encourage the well-being of the employees, which include health promotion policies and strategies to improve health and enhance productivity. Growing awareness pertaining to employees' health is projected to steer the corporate wellness market size. Increasing incidences of chronic disorders due to unhealthy dietary patterns will propel the market growth. For example, as per the Centre for Disease Control and Prevention, five risk factors such as smoking, obesity, physical inactivity, diabetes, and high blood pressure, resulted in a loss of nearly USD 36.4 billion to employees in the US.

With the evolution of the coronavirus, the mental health of employees got impacted. The adoption of work from home across organizations due to the feeling of loneliness. Thus, in order to handle mental stress, wellness service providers have adopted virtual methods to provide different services. Thus, the coronavirus offered several growth opportunities to the service vendors. However, the corporate wellness program is very costly, which makes it difficult to be adopted by small and medium-sized organizations due to high budget constraints.

By end-use industry, large-scale organizations are projected to expand at a larger share over the forecast period. Larger organizations integrate different programs and services into their company, and the correct implementation of different programs offers a higher return on investment. A corporate wellness program helps track employees' physical and mental conditions.

By region, the North American region is projected to seize a larger share over the forecast period. As per the corporate wellness program market report, various market players are involved in the execution of strategic initiatives, thus stimulating market growth. In accordance with the Centre for Disease Control and Prevention, 6 out of 10 adults in the U.S. suffer from chronic disease and slightly changing the work environment.  

Corporate Wellness Market Segmentation:

Corporate Wellness Market by Service Type
  • Health Risk Assessment
  • Nutrition
  • Weight Loss
  • Fitness
  • Employee Assistance Program
  • Others
Corporate wellness Market by End-Use Industry
  • Small Scale organization
  • Medium Scale organization
  • Large Scale Organization
Corporate Wellness Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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