Global Corporate Wellness Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Corporate Wellness Market: By Delivery Model (Onsite, Offsite), By Program Type (Nutrition and Weight Management, Stress Management, Smoking Cessation, Fitness Services, Health Education Services, Health Risk Assessment, Health Screening, Others), By End User (Private Sector Businesses, Public Sector Businesses, Non-Profit Organizations, Others), and Geography.

 

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Report

Description

The global corporate wellness market size was valued at USD 53.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2027. Corporate wellness programs are designed to encourage and support the wellness in employees by creating organizational culture of health. Corporate wellness programs consist of various activities such as health education, weight management programs, medical screenings, and on-site fitness programs. Corporate wellness programs found in corporate offices, small and large corporations, and factories among others. Many firms and enterprises across a variety of industry verticals have begun to develop health-related programmes for their employees, boosting market demand. Workplace wellness programmes assist businesses in increasing productivity while lowering overall operating costs. The market for corporate wellness is predicted to grow as people become more aware of their own health and well-being. Corporate wellness programmes are a collection of policies, programmes, and perks that target a variety of risk factors and conditions while influencing both employees and the firm as a whole. Furthermore, the pandemic wreaked havoc on the economy, resulting in a financial crisis for many people, which had a negative impact on their mental health. Wellness service providers are using virtual ways to give services such as sessions with psychologists and health coaches to combat the problem.

Corporate Wellness Market

MARKET SUMMARY
-
7.2%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 7.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Corporate Wellness Market

  • The report on global corporate wellness market gives historical, current and future market sizes (US$ Bn) based on based on delivery model, program type, end user and geographical regions
  • Corporate Wellness Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • FITBIT, Inc. (U.S.)
  • Beacon Health Options. (U.S.)
  • Provant Health Solutions
  • ComPsych Corporation. (U.S.)
  • ADURO, Inc. (U.S.)
  • Marino Wellness (U.S.)
Market Dynamics

Corporate Wellness Market

Increase in prevalence of non-communicable diseases such as diabetes, cardiac disorders, and cancers among the employee drives the global corporate wellness market. Moreover, reduce in the cost of insurance and healthcare services due to huge competition between the market players, rapid industrialization in developed and developing countries, government initiations to mandate the wellness programs in the corporate sector, and expansion of wellness services by the providers are fuel the global corporate wellness market over the forecast years. However, increase in the cost of wellness programs due to inefficient execution plan, chances for the misuse of data, and low participation of employees in wellness programs are hinder the growth of global corporate wellness market.


North-America Got Significant Share

Corporate Wellness Market

Geographically, global corporate wellness market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America corporate wellness market is poised to grow due to entry of market players to provide in-house services by offering memberships on discount, strict government regulations to provide the well programs for employee, and rise in organizational profits are fuel the market. Europe corporate wellness market is driving by increase in number of corporate companies in France, Germany, and UK, rise in prevalence of obesity and other non-communicable diseases among the employees, and rise in awareness about the health among the individuals are surge the market. However, Asia pacific corporate wellness market recording the fastest growth attributed to high adoption of wellness programs in India, china, Japan, and ASEAN countries, rise in prevalence of chronic diseases, and rapid economic growth are bolster the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In February 2018, Fitbit acquired healthcare startup Twine Health to enhance healthcare service offerings in the U.S

Key

Key Features of the Report

Corporate Wellness Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • FITBIT, Inc. (U.S.)
  • Beacon Health Options. (U.S.)
  • Provant Health Solutions, LLC (U.S.)
  • ComPsych Corporation. (U.S.)
  • ADURO, Inc. (U.S.)
  • Marino Wellness (U.S.)
  • TotalWellness Health (U.S.)
  • Wellness Corporate Solutions (U.S.)
  • Kinema Fitness Inc (U.S.)
  • EXOS (U.S.)

Description

The global corporate wellness market size was valued at USD 53.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2027. Corporate wellness programs are designed to encourage and support the wellness in employees by creating organizational culture of health. Corporate wellness programs consist of various activities such as health education, weight management programs, medical screenings, and on-site fitness programs. Corporate wellness programs found in corporate offices, small and large corporations, and factories among others. Many firms and enterprises across a variety of industry verticals have begun to develop health-related programmes for their employees, boosting market demand. Workplace wellness programmes assist businesses in increasing productivity while lowering overall operating costs. The market for corporate wellness is predicted to grow as people become more aware of their own health and well-being. Corporate wellness programmes are a collection of policies, programmes, and perks that target a variety of risk factors and conditions while influencing both employees and the firm as a whole. Furthermore, the pandemic wreaked havoc on the economy, resulting in a financial crisis for many people, which had a negative impact on their mental health. Wellness service providers are using virtual ways to give services such as sessions with psychologists and health coaches to combat the problem.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX